BVI business company: sourced answers
2 answers to specific questions — each with a verbatim quote from an official source and a link to it.
Every answer is checked against a verbatim quote from a stored copy of its source and has passed an independent review. This is reference information, not legal advice: rules change, and the outcome depends on your circumstances.
Legal form in a country
Is a local registered agent (registered office with a licensed provider) mandatory
licensed registered agent mandatory
«91. (1) Subject to subsection (5), a company shall at all times have a registered agent in the Virgin Islands. (2) Unless the last registered agent of the company has resigned in accordance with sections 93 or ceased to be the company’s registered agent in accordance with section 94(3), the registered agent of a company is— (a) the person specified as the company’s first registered agent in the memorandum filed under section 6(1); or (b) if one or more notices of change of registered agent have been filed under section 92, the person specified as the company’s registered agent in the last such notice to be registered by the Registrar. (3) No person shall be, or agree to be, the registered agent of a company unless that person— (a) holds a licence under the Company Management Act; or (b) holds a licence under the Banks and Trust Companies Act, that authorises it to provide registered agent services. (Substituted by Act 12 of 2006) (4) Subject to section 94(6), a person who contravenes subsection (3) commits an offence and is liable on summary conviction to a fine of $10,000. …»
Source: bvifsc.vg · source copy as of 2026-10-02
Within what period after the financial year end must the annual accounts be filed
Generally within nine months after its financial year-end
The legislation exempts specified companies, including certain listed and already regulated entities
«“Filing annual return 98A. (1) Without prejudice to section 98, a company shall, in respect of each year, file a financial return (referred to in this section as “annual return”) with its registered agent. (2) The annual return shall (a) be filed within 9 months after the end of the year to which the annual return relates; and (b) contain such information and be in such form as the Commission may, by an Order published on the Internet site, prescribe. (3) Where a registered agent receives an annual return under subsection (1), he or she shall (a) at the request of the Commission or any other competent authority, provide the Commission or other competent authority with a copy of the annual return; and (b) retain the annual return for a period of at least 5 years from the date it ceases to act as registered agent of the company. (4) Where a company fails to file its annual return as required under subsection (1), the registered agent shall, not later than 30 days after the annual return was due, notify the Registrar in writing of that fact by stating (a) the name of the company; (b) the year to which the annual return relates; …»
Source: bvifsc.vg · source copy as of 2026-10-03
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