1. registration of BVI company's annual cost
Annual trial cost (subsequent maintenance cost)
1, the registered capital of the company is not more than 50000 shares
If there are no more than 50000 shares of registered capital (including 50000), the annual cost of annual trial after second years of registration includes the following: annual licence fees for the government of the British Virgin Islands (the company registration office); the annual registration service fee; the annual registration address service fee.
2, the company's registered capital is more than 50000 shares
If more than 50000 shares are registered, the annual audit fees for the second years after registration include the following: the annual licence fee of the British Virgin Islands Government (the company registration office); the annual registration service fee; the annual registration address service fee.
2.BVI company's annual review process
1. Pre notification. 1 months before the expiration date, we will inform the customer to handle the annual examination.
2. The signing of documents. Our company is preparing the annual examination document, sending it to the customer for signature confirmation, and sending it back to our company.
3. Payment of expenses. Our company intends to entrust the annual trial agreement and send it to the customer for signature confirmation and annual audit fee.
4. Application for annual trial. Our company will submit the annual audit documents signed by the clients to the Registrar of BVI company and pay the government fees.
5. The annual account of the account. Remind customers to do annual accounts (some banks need, some banks do not need to take the latest policy of banks).
3.BVI company's annual fee payment time
1. The company registered in the first half of the year
If your British Virgin Islands were registered in the first half of the year and were registered in the period from January 1st to June 30th, the time for the payment of the annual audit fee is May (without the incorporation of the company). If the annual fee is paid later than the time mentioned above, the following fines are required: 10% of the annual trial cost from June 1st to July 31st, 50% of the annual trial cost from August 1st to October 31st, and the company being revoked in November 1st or later.
2. The company is registered in the second half of the year
If your British Virgin Islands are registered in the second half of the year and are registered in the period from July 1st to December 31st, the time of payment of the annual audit fee is October (without the incorporation of the company). If the annual audit fees are paid later, the following fines are required: 10% of the annual trial cost from December 1st to January 31st the following year, 50% of the annual trial cost from February 1st to April 30th, and the company being revoked in May 1st or later.
1 months before the expiration date, we will notify our registered customers to prepare for the BVI company's annual review, so there is no need to worry about the company's overdue trial.