BVI Government Licence Fees Dates and Penalties:

Companies Incorporated between January 1st to June 30th –

Funds must be credited to our account for payment to the Registry before May 15 deadline to avoid penalties below:
*June 1st - July 31st - 10 % Penalty
*August 1st - October 31st - 50% Penalty
*November 1st - STRUCK OFF / 50% Penalty + RESTORATION FEE (subject to the share capital of the company)

Companies Incorporated between July 1st to December 31st –

Funds must be credited to our account for payment to the Registry before October 30th.
deadline to avoid penalties below:
*December 1st - January 31st - 10 % Penalty
*February 1st - April 30th - 50% Penalty
*May 1st- STRUCK OFF / 50% Penalty + RESTORATION FEE (subject to the share capital of the company)

NOTE:

1. It is the responsibility of all clients to ensure that payments are made to us, in a timely manner thus keeping the companies in good standing with the BVI government.
   
   
2. We will do our best to send you reminders before the due dates but we cannot be held liable if your fees are not paid before the deadline if you do not pay on time.
   
   
3. We do not advance annual fees and we encourage clients in view of the high number of transactions received by our bank during licence fees time, to as indicated on your invoice.
   
   
4. Failure to pay before this may result in your company being struck from the register of companies in the British Virgin Islands. We remind you that companies not in good standing with the BVI government as a result of being struck off or removed from the register are forbidden from carrying on business or trading and must settled all fees outstanding.

Ready to register your BVI business company? Please click the links below to view the step by step registration procedures and costs:

BVI Business Company Incorporation Procedures and Fees