Industry Update

06

Initial BC Register of Director filings (section 118B (2), BVI Business Companies Act, 2004)

For Register of Director filings that would have been due between 6 September and 15 October, 2017, Registered Agents are strongly encouraged to complete the outstanding filings now to avoid penalties. Penalties will be levied beginning 1 December, 2017. If agents previously incurred penalties for filings that were due in the period above, please request a refund using the usual VIRRGIN refund function no later than 15 November. Refunds for the affected transactions will be processed after the proposed Financial Services (Continuity of Business) Act takes effect.    

Register of Director filings for BVIBCs previously granted an extension of time to file (section 118B (8))

Business Companies that were previously granted an extension of time to file Registers of Directors with a deadline of 30 September, 2017 are hereby advised that the filings must be completed by 30 November to avoid penalties. 

Annual Fee Submissions

Registered Agents are reminded that annual fees for second half companies are due and payable by Thursday, 30 November. There are no changes to the 30 November statutory filing date for payment of annual fees and any applicable penalties will be applied to late filings.

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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