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Under BVI Business Companies Act 2004, there are 2 time frames for BC annual renewal.

  • 31st May next year: company registered in first half of year
  • 30th November next year: company registered in last half of year

Late payment of the Government duties in the British Virgin Islands will result in a:

  • 10% penalty fee if the payment is up to 2 months late
  • 50% penalty fee if the payment is over 2 months late.

After Offshore Company Corp give a 30 days’ notice, any fees still not paid will lead to the company being struck off by the Registrar of Companies.

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