All BVI companies are obliged to prepare Financial Statements for the year 2025 in order to comply with the BVI regulations
Here’s an overview of the key aspects of AFRs for BVI companies:
1. Requirement
- All BVI Business Companies must file an Annual Financial Return unless specifically exempted.
- The requirement aims to ensure that companies maintain proper financial records and remain in compliance with BVI legislation.
- Submission Timeline
- The AFR is usually due 9 months after the end of the company’s financial year.
- For example: If your financial year ends on December 31, 2025, the AFR must be filed by September 30, 2026.
- Consequences of Non-Compliance
- Companies that fail to provide this information to their Registered Agent could be subject to a penalty of US$300 for the first month of non-compliance and US$200 for each month that the company remains in breach of the filing obligation, up to a maximum of US$5,000 and face the risk of inactivation and dissolution of the Company form the Registry.
- A Certificate of Good Standing will not be issued if Annual Financial Returns have not been submitted
In case you want to assist you with the preparation of management accounts, please send us all the supporting documents for 2025 in order our accountants to give you a quotation not later than 30th of June 2026 and proceed with the preparation of management accounts and then to complete the Annual Financial Return.
For any clarification please contact :
Mrs. Rodoula Stavrinidi rodoula@globalserve.com.cy
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