Payment of annual fee and maintenance of the company
The invoice for the annual fee and maintenance of BVI companies varies depending on the creation date of the company:
- Companies created in the first half of the year have received the invoice in January.
- Companies created in the second half of the year will receive the invoice in June.
IMPORTANT: Regulatory changes introduced shorter deadlines for the company to initiate the dissolution process due to non-payment. Therefore, timely payments are crucial.
Expenses and services included in the annual fee and maintenance:
- Annual payment fee to the corporate affairs registry.
- Registered agent and registered office service.
- Submission of the Economic Substance report.
- Annual consultation: Schedule a free annual call to review the company’s structure or clarify any doubts about it. You can schedule it in the following links. Additional consultations will be billed per hour.
Economic Substance Report
Company Activity Statement during the Fiscal Period.
If your company was incorporated before January 1st, 2019, the fiscal period is from June 30th to June 29th of the following year. If your company was incorporated on or after January 1st, 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.
Please submit the report within 30 days after the end of its fiscal period.
Financial statements
Each company has a deadline of 9 months from January 1st, 2025, to submit the financial statements of the company.
Please keep in mind:
- The required information from BVI can now be prepared by the client or their trusted accountant, regardless of their location. In other words, while an independent third party can be hired, this is generally not necessary.
- The information is not submitted to any authority in BVI or elsewhere but must be provided to the registered agent.
- This information has nothing to do with automatic information exchange through FATCA or the Common Reporting Standard (CRS).
Compliance update
In order to protect our clients and comply with international anti-money laundering and counter-terrorism financing regulations, during 2025, we will continue to update the documentation that verifies the identity and origin of funds for our clients.
To facilitate communication, the compliance department’s staff will be contacting those who are necessary through the email compliance@untitled-slc.com. In case of doubts, before responding or sending documentation, you can write to your frequent UNTITLED contact.