Annual Financial Return

Entities must prepare and submit an Annual Financial Return detailing their financial position (assets, liabilities, and equity) at the end of each fiscal year.
Deadline: within nine (9) months after the end of the fiscal year.
Example: for fiscal year 2024, the deadline is September 30, 2025.
This return is not publicly disclosed but must be submitted to the registered agent.

Economic Substance

The Economic Substance requirement determines whether the entity carries out relevant activities for tax purposes within the territory of the BVI.
Deadline: within six (6) months after the end of the fiscal year.
It must be filed even if the entity is not conducting business operations.

Beneficial Ownership Information and Register of Members

Effective January 2025, enhanced transparency obligations will apply:

– Existing entities (incorporated before January 2, 2025) must complete a Register of Members and a Register of Beneficial Owners.
– New entities (incorporated on or after January 2, 2025) must submit this information to the Registrar within 30 days of incorporation.
– Restored entities must file this information within 14 days of restoration.
– Ongoing updates: any changes to beneficial ownership must be reported within 30 days.

This information is not publicly accessible. Access is restricted to the registered agent, competent authorities, and law enforcement bodies.

Our Compliance Department is available to assist you with these requirements through a clear, tailored, and strategic approach for each client.