Extension given for Filing of BVI Annual Returns

Important Update: Extension for Filing BVI Annual Returns Announced by BVI FSC

The BVI Financial Services Commission (BVI FSC) has extended the deadline for filing Annual Returns, as announced in Industry Circular 44 of 2024. As per the announcement, which it seems that it only applies for entities with financial year which ended on 31 December 2023, entities will have until 30 June 2025 to submit their 31/12/2023 Annual Financial Return.

Announcement read as follows: Companies that were required by the Act to make their first (initial) filing of annual returns with their registered agent by 30th September 2024 are, by the Notice, granted a nine (9) month extension on the time by which to comply with the filing requirement for the first annual returns. The extension period expires on 30th June 2025 (the extension expiry date). You can find full announcement by clicking here.

This extension provides additional time for compliance and helps entities meet their obligations under the BVI Business Companies Act, 2004.

If you haven’t filed your Annual Return yet, take advantage of this extra time to ensure your filing is accurate and complete. For assistance you can contact us at contact@bviaccountants.com and our specialized teams can assist you with meeting such filing requirements, as we do specialize in Accounting & Annual Financial Return preparation.