New Annual Financial Return Filing for BVI Companies

A new requirement applies for certain companies incorporated or registered in the British Virgin Islands (BVI) to file annual financial returns for years commencing on or after 1 January 2023. 

The filing deadline depends on the company’s year end, with the first returns being due by 30 September 2024. This article summarizes key points relating to the new rules, including the meaning of the term “year,” filing requirements, exemptions from the requirements, and potential penalties for noncompliance.