After the incorporation, a BVI Business Company must pay the renewal fees every year to continue its legal existence. The minimum mandatory fees include Government renewal fee, Registered Agent fee (covers also the Registered Address) and Compliance fee for regular document verification of the beneficial owners, shareholders and directors of the company.
Apart from the fees above, other professional fees may be payable for the Company management and administration depending on the services you have ordered (third-party director/board member, shareholding/share custody, company secretary, business address, call handling or any other services). These services are optional.
All fees are listed in full detail in our Schedule of Fees. The annual fees are charged once a year following the renewal payment schedule of the BVI Company Registry. All the companies registered from January to June must pay the annual fees by the end of May every year starting from the next year after the company registration, and the companies registered from July to December must pay the annual fees by the end of November every year starting from the next year after the company registration.
If the company fails to pay any of our service fees, we will resign from providing the respective services to the company. The company will stay liable for any services already provided.
In case the Government fees are not paid, the penalty fees will apply according to the BVI Business Companies Act. If the company has not paid the renewal fees and/or the late penalty fees, the company name will be struck off the Register. Once the company name is struck off, the company cannot do any business and deal with its assets. Restoration of the company name to the Register is possible, however quite costly procedure.
Under the Companies Law all companies must maintain a physical presence on the Jurisdiction via a registered office. At Atrium Legal Lab we view this an integral part in the efficient and effective administration of a Company and as a consequence we have built up an experienced team of professionals and robust IT support infrastructure in order to provide the highest level of service to our clients.
- Attending to the payment of the Annual Government License Fees and other government fees;
- Local Registrar;
- Maintenance of the statutory records of the company including the Register of Directors, the Register of Members and the Register of Mortgages & Charges;
- Attending to routine compliance matters (inclusive of periodic file reviews), reviewing official correspondence received and other routine matters incidental to good corporate governance;
- Provision of ad-hoc services as requested from time to time by our clients, such as the provision of certificates of incumbency or certificates of good standing;
- Filing of Statutory documents;
- Company Searches;
- Legalisation of documents;
- Regular client updates and memos on Local regulatory developments
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Matter you would like to discuss with us
Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your company. You may call or email us, and we will be happy to assist you in a fast and efficient manner. You can also come visit us at one of our offices near you, to personally discuss all matters you need to clarify, before you take a decision. Arrange an appointment and we will be happy to meet with you.
The information and materials contained in this website do not constitute an offer, invitation, solicitation, advice or recommendation to buy the products and services offered and rendered by Atrium & Associates (BVI) Ltd and shall be applied with prior consultation.
Atrium & Associates (BVI) Ltd does not offer legal or tax advice without consultation with certified professionals with related appropriate skill and expertise.
The information contained in this website is for general guidance on matters of interest only and should not be considered as guidance for financial or tax decisions, or a substitute for specific professional consultation.
While we have made every effort to ensure that the information contained in this website is accurate and correct due to constant changes in laws, rules and regulations Atrium & Associates (BVI) Ltd accepts no liability for any loss or damage arising directly or indirectly from action taken or not taken relying on the information contained in this website. In particular no warranty is given as to the completeness, accuracy, reliability of such information and as to whether it is at all times up to date.
Atrium & Associates (BVI) Ltd accepts no liability for any loss or damage direct or indirectly arising from the application of any information contained in this website, including any loss, damage or expenses arising from, but not limited to, any defect, error, mistake, inaccuracy, reliability of this website, its contents or related services, or due to any unavailability of this Site or any part thereof of any contents or related services.