Fees Due
Please pay close attention to the due date relevant to your company or limited partnership. It is important to note that there is no discretion on the part of the Registrar or Harneys Fiduciary to prevent a penalty being imposed, or for a company being struck off, as a result of overdue fees.
The tables below specify the due dates for payment to be received by the Registrar. Harneys Fiduciary must receive cleared funds for the full payment amount at least 15 days before the applicable due date.
Annual Registered Office/Agent fees
Unless otherwise agreed in writing, a US$200 late payment administration fee will be applied to any company or limited partnership that has not paid its Annual Registered Office/Agent fees in full by 15 January each year.
BVI Business Companies
Annual Government Licence Fees Payment Schedule
| Date of Incorporation | Annual Fee Due Date | PENALTY | ||
|---|---|---|---|---|
| 10% payable between | 50% payable between | |||
| First Half Company | 1 January – 30 June | 31 May | 1 June – 31 July | 1 August – 31 October |
| Second Half Company | 1 July – 31 December | 30 November | 1 December – 31 January | 1 February – 30 April |
When a company is subject to any Registry penalty or is struck off for non-payment, it is no longer in good standing with the Registry. Please note that as of 1 January 2023, a company will be automatically dissolved once it is struck off the Register. A director or member cannot act in any way with respect to the affairs of a dissolved company however please note that the company and its directors are not absolved from any liability, which arose prior to the company being dissolved. A dissolved company can only be restored to the Register by making the necessary application either to the Registrar or Court. We strongly recommend that a company which has reached the end of its useful life be formally liquidated rather than struck off. Click here for a Guide providing more detail on the effective winding up of a BVI company’s affairs.
Credit
Please advise us if your company does not intend to pay its Annual Government Licence Fee and accordingly whether it will be left to be struck-off and dissolved or should be liquidated by the due date. We will then credit your account with the amount of the Annual Government Licence Fee and a pro rata portion of the Annual Registered Office/Agent fee.
Please note that if you do not provide notice that the company is to be struck off and dissolved, the company will continue to accrue Registered Office/Agent fees for the remainder of that year and, if applicable, the following year regardless of the level of activity. Any other fees and expenses incurred will also be due and payable.
BVI Limited Partnership
A BVI Limited Partnership must pay an Annual Government Licence Fee to the Registrar of Corporate Affairs.
|
Fee |
Due Date |
1st Penalty |
2nd Penalty |
3rd Penalty |
|
|
Formed under Partnership Act 1996 |
US$500 |
30 April |
1 May – 31 July |
1 August – 31 October |
1 Nov. |
|
Penalty Fee |
|
|
$50 |
$75 |
$125 |
|
Registered under Limited Partnership Act 2017 |
US$750 |
30 April |
1 May – 31 July |
1 August – 31 October |
1 Nov. |
|
Penalty Fee |
|
|
$100 |
$250 |
$400 |
Please advise us if it is intended that the Annual Government Licence Fee for the limited partnership will not be paid and the limited partnership will not be kept in good standing or whether it will be dissolved by the due date. We will then credit your account with the amount of the Annual Government Licence Fee and a pro rata portion of the Annual Registered Office/Agent fee.
Please note that if you do not provide notice that the limited partnership will not be maintained, it will continue to accrue Registered Office/Agent fees for the remainder of that year and, if applicable, the following year regardless of the level of activity. Any other fees and expenses incurred will also be due and payable.