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The Companies (Amendment) Ordinance 2023 (?the Amendment Ordinance?) comes into operation on 28 April 2023. The Companies Ordinance (Cap. 622) (?CO?) provides that a company must hold an annual general meeting within the prescribed time.
BVI registry fees The BVI Registry has increased its incorporation and annual renewal fees. For Companies authorised to issue up to 50,000 shares, their incorporation and annual fees are now $550. For Companies authorised to issue more than 50,000 shares, their incorporation and annual fees are now $1,350.
The BVI Business Companies (Amendment) Act, 2015 and the BVI Business Companies (Amendment) Act 2016 (the ?Amending Acts?) were recently gazetted in the Official Gazette of the British Virgin Islands (?BVI?) and introduce amendments to the BVI Business Companies Act, 2004 (the ?Act?) to provide further flexibility and ...
Changes to BVI Business Companies Act, 2023 Amendments - Filing an Annual Return. Effective 1 January 2023, all companies incorporated or registered in the BVI ("Companies") are required to file a financial return (an "Annual Return") with their Registered Agent each year.
BVIBC Statutory Fees The government incorporation fee for a BVIBC with par value and no par value shares which is authorised to issue up to 50,000 shares is US$450. If the authorised number of shares exceeds 50,000 the incorporation fee is US$1,200.
Changes to BVI Business Companies Act, 2023 Amendments - Filing an Annual Return. Effective 1 January 2023, all companies incorporated or registered in the BVI ("Companies") are required to file a financial return (an "Annual Return") with their Registered Agent each year.
There are a number of features the BVI does NOT have that also make it more attractive and more competitive than other offshore centers: No corporation tax for BVI Business Companies. No estate, inheritance, succession and gift taxes on individuals. No currency exchange controls.
The International Business Companies Act, 1984 was a statute of the British Virgin Islands which permitted the incorporation of International Business Companies (IBCs) within the Territory. The Act played in a huge role in the economic and financial development of the Territory in the 1990s.