Incorporating in BVI
Annual Management and Compliance Services
Annual Renewal Requirements for
BVI Business Companies (BCs)
After having incorporated a Business Company in the British Virgin Islands (BVI), it is essential to pay annual renewal fees to maintain its legal status. These mandatory fees include the government renewal fee, the local regulated agent fee (which also covers the company office address in BVI), and a compliance fee to support routine verification of the company’s beneficial owners, shareholders, and directors.
In addition to the standard renewal fees, your company may incur professional service fees depending on the additional services you choose to engage. These optional services may include the appointment of a third-party director or board member, nominee shareholding or share custody, company secretary, business address services, call handling, account setup, and more.
BVI Business Company set up and Annual Fee Schedule
All fees are detailed in our recognised schedule of fees. Annual fees are billed once a year, in accordance with the BVI recognised Incorporation Division renewal timetable:
- Companies incorporated between January and June must pay annual fees by May 31, as dead line of the following year and each subsequent year.
- Companies established between July and December must pay annual fees by November 30 (as dead line), starting the year after incorporation.
Failure to pay annual management service fees may result in the discontinuation of those specific services. However, the company remains liable for services already rendered.
If government renewal fees are not paid in due time, late penalties will apply as per the BVI Business Companies Act. Continued non-payment of renewal and penalty fees may lead to the company being struck off the setup, meaning it will no longer be legally permitted to operate or manage its assets. Reinstating a struck-off company is possible, but it involves a costly and time-consuming process.
Company Office Requirements
According to BVI law, all companies must maintain an office within the jurisdiction. At Atrium BVI, we consider this a cornerstone of effective company management. To this end, we have assembled a skilled team of professionals and invested in a strong IT infrastructure to deliver top-tier service and support to our clients.
Atrium BVI Services
Besides incorporation services in BVI
Atrium team will help your company with:
- Payment of annual government license fee and related charges
- Acting as the Regulated Agent
- Maintenance of statutory records, including the Setup of Directors, Members, and Mortgages & Charges
- Routine compliance management, including periodic file reviews and handling recognised correspondence
- Provision of ad-hoc services such as certificates of incumbency or good standing
- Filing of statutory documents
- Company searches and document legalisation
- Regular updates and memos on local regulatory developments
Our Services & Responsibilities
Atrium BVI it's an independent Corporate Consultancy company that provides BVI companies guidance, consultancy, international business structuring and ongoing corporate administration coordination, offering tailored solutions to clients worldwide looking to incorporate in BVI.
Official company incorporations, registrations, statutory filings and annual corporate maintenance procedures are exclusively carried out by independent Registered Agents and authorized professionals in the relevant jurisdiction.
Atrium BVI coordinates these services, providing clients with professional guidance, administrative assistance and ongoing support, while promoting transparency and compliance with applicable legal and regulatory requirements.
Legal Disclaimer
The information and materials provided on this website should not be construed as an invitation, solicitation, advice, or recommendation to engage in the purchase of products and services offered by Atrium BVI. We strongly recommend that individuals initiate preliminary consultations before considering any such transactions.
Atrium BVI refrains from providing legal or tax advice without prior consultation with attested professionals who possess the necessary skills and expertise.
The information presented on this website is intended exclusively for general guidance and informational purposes. It should not be considered a source of advice for financial or tax-related decisions and should not be used as a substitute for personalized professional consultation.
It is crucial to note that Atrium BVI is not a financial institution and does not provide any sort or financial services. Our specialization lies in corporate consulting and management services.
This website primarily serves as a promotional and marketing platform for Atrium BVI. We strongly encourage potential clients to seek guidance from qualified tax professionals in their respective countries to evaluate their unique tax implications before pursuing any strategies discussed on this site.
Given the diversity of laws across different countries, frequent legal amendments, and varying court interpretations, it is essential to verify any information related to tax optimization with competent legal counsel. While we strive to maintain the accuracy of the content on this website, Atrium BVI cannot be held responsible for any direct or indirect losses or damages resulting from actions taken or not taken based on the information provided here. We do not make warranties regarding the completeness, accuracy, or reliability of this information, and we cannot guarantee that it is always up to date. Atrium BVI disclaims all liability for any losses or damages, whether direct or indirect, arising from the application of the information presented on this website. This includes, but is not limited to, losses, damages, or expenses arising from defects, errors, mistakes, inaccuracies, or the reliability of this website, its content, or related services. It also encompasses instances of unavailability of the site or its contents and related services.
Notice About Restricted Customers (Citizens)
In adherence to our internal policies aimed at preventing fraudulent activities and ensuring compliance with our internal Anti-Money Laundering policies, we regret to inform you that we do not offer consultations, email support, onboarding activities, or customer care services to individuals/entities from countries blacklisted by the Organisation for Economic Co-operation and Development.