Professional Fund

Payment of the annual fees corresponding to the maintenance of the license.

The fees are as follows:

Annual Fee: US$ 1,500 + License Renewal Fees: Annual License US$ 1,200.

Deadline: March 31^st.

Please send the payment by March 10^th to ensure timely payment to the FSC and avoid incurring penalties.

Company Activity Statement during the Fiscal Period.

If your company was incorporated before January 1^st, 2019, the fiscal period is from June 30^th to June 29^th of the following year. If your company was incorporated on or after January 1^st, 2019, the fiscal period is the span of one year from the incorporation of your company, unless the fiscal period has been modified by a resolution of the directors.

Deadline determined by the company’s incorporation date.

The report will be requested by the compliance department and must be submitted within 30 days following the end of your fiscal period.

Payment of the annual fees corresponding to our registered agent and registered office service.

The fees are as follows: Registered Agent

Annual Fees: US$ 1,800

Deadlines:

1. For companies incorporated in the first half of the year: May 20^th.
2. For companies incorporated in the second half of the year: November 20^th.

Filing of the annual reports related to information exchange and payment of the annual fee through the International Tax Authority (ITA) portal of BVI.

Please remember to be registered on the portal before April 1st of this year in order to complete the filing.

If you require assistance with registering your company on the ITA portal and with the annual filings, please do not hesitate to contact us so that we may send you a proposal for our services.

Deadline: May 31^st.

Date subject to modification at the discretion of the ITA.

The obligation consists of filing a form comprising 19 questions, which include:

• Number, type of accounts, and jurisdiction of residence of the account holders.
• Detailed information on the entity’s CRS reporting process, such as:
  • Due diligence procedures.
  • Processes followed for obtaining and validating self-certifications.

Deadline: September 30th. Please send the information before to July 31^st.

How to submit the obligation:

• The filing is submitted through BVIFARS using the financial entity’s primary user account.
• The ITA has published this guide explaining the procedure for completing the form.

To learn more about this obligation, click here.

Presentation on the assets and investors of the fund. To complete the report, please click here.

Deadline: June 30^th.

Audited financial statements must be provided.

Deadlines:

1. If your fiscal year-end is December 31^st:  June 30^th.
2. If your fiscal year-end is June 30^th: December 31^st.

Please submit the report by June 15^th/December 15^th to ensure timely submission to the FSC.