When should arrange for the annual renewal of BVI company after it is incorporated?

BVI company incorporated in or before June should be renewed before 31 May each year to ensure its legal status and recognition.Whereas BVI company incorporated in July to December can be renewed before 30/ Nov each yearRead more: British Virgin Islands offshore company formation What happens if I don't pay the annual renewal fees?

Is there any other compliance rule for BVI company?

Basically, except for the annual renewal of the BVI company, the company is not required to submit any other form of annual return or financial statements to the BVI government, thus, this has greatly increase the simplicity of managing a BVI company.

Does the company have to file accounts or a financial statement?

There is no requirement to file accounts or a financial statement

Is the company taxed on profit?

A BVI company is exempted from all local taxes

Does the company have to maintain books and records in the BVI?

The company does not have to keep records in the BVI. If the company chooses to keep records they can be kept anywhere in the World.

BVI registered office | What are some examples of BVI virtual offices?

The term “virtual office” is described as the working environment that has no fixed location. The virtual office in BVI includes:

A BVI registered office address: this is mandatory to register an offshore business.
Document mailing: the virtual office can also handle the process of mailing of documents.
Call handle and forwarding services: the calls received at the BVI can be redirected to a chosen number. That is useful for business owners as they will not lose important calls even if they are located outside the jurisdiction they incorporated their companies at. In addition, the BVI virtual office can receive the business owners’ email and then forward them as directed.

Our team of BVI registered companies offers you all of these services and the bargain box price.

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