FAQs

What is the annual licence fee for banks and when are they payable?

  1. General Banking Licence: twenty thousand dollars (US$20,000)
  2. Restricted Class I Banking Licence: sixteen thousand dollars (US$16,000).
  3. Restricted Class II Banking Licence: sixteen thousand dollars (US$16,000).
Payment of these annual licence (renewal) fees is due during the month of January

Contact Information

British Virgin Islands Financial Services Commission


Pasea Estate
P.O. Box 418
Road Town, Tortola, VG 1110
British Virgin Islands

Tel: 284-494-1324 or 284-494-4190 GMT – 4:00
Fax: 284-494-5016
Hours: Monday-Friday 8:30a.m. - 4:30p.m.
commissioner@bvifsc.vg