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Monique Adams
Managing Director, BVI | Corporate and Fiduciary
British Virgin Islands
![Headshot of Monique Adams](/media/0dsnsq3d/monique-adams.jpg?cc=0.19767484583384504,0.04918366148304353,0.18307472827177682,0.021010894231103222&width=300&height=300&quality=90)
Monique Adams
Managing Director, BVI
British Virgin Islands
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Use our free online tool to create a British Virgin Islands annual financial return (AFR) for any BVI incorporated company required to file one.Â
The BVI annual financial return is a compulsory financial statement that must be filed annually by all BVI companies (with certain exceptions) with their registered agent.
Everyone is welcome to use our secure digital tool, which provides an easy way for you to create your annual return, offering auto-calculation, currency customisation, and formatting consistent with the BVI's prescribed template document.Â
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The BVI annual financial return is a compulsory document that must be filed by all BVI incorporated companies, with their registered agent on an annual basis, unless otherwise exempted.
The following entities are exempted and therefore not required to file an annual return with their registered agent:
If you are an Ogier client and want to discuss whether your company falls within one of the exempted categories, get in touch with your regular Ogier contact. If you're not an Ogier client but would like to become one, please complete our contact form below.Â
All BVI companies, unless otherwise exempted, are required to file with their registered agent an annual financial return (AFR) containing specified financial information.Â
The BVI Business Companies (Financial Return) Order 2023, which came into effect on 2 March 2023, sets out the requirements for an AFR including: its content, format, how to calculate the due date and filing deadline for your BVI company, and who is exempt.
Annual returns are due at the end of a company's financial year. A company's financial year is either the calendar year (default) or the 12-month period which the company has expressly adopted.
For companies which have a calendar year financial period, the first annual return was due on 1 January 2024 (due date).
Companies are required to file their annual financial returns with their registered agent within nine months of their due date. Therefore, companies with a calendar year financial period are required to file their first annual return with their registered agent, no later than 30 September 2024.
If a BVI company fails to file its return on a timely basis, its registered agent is obligated to notify the Registrar within 30 days of the filing deadline. The non-complying BVI company will then be subject to penalties or may even be struck off by the Registrar.
If you are an Ogier client and want to discuss this further, speak to your regular Ogier contact. If you're not an Ogier client but would like to become one, fill in our contact form below.Â
Our team of highly qualified and experienced professionals in Ogier Global can support you with:
Those in control of BVI companies should make themselves aware of the annual financial return filing requirements because a failure to file properly or in time could affect a company's good standing with the Registry of Corporate Affairs.Â
If you are a controller of a BVI company and uncertain about the company's filing obligations, you should seek advice from our professionals to help you clarify the requirements.Â
For BVI legal advice, contact Michael Killourhy or Simon Schilder, or use our contact us form below.
Yes, absolutely. If you've liked using the Ogier BVI AFR tool to create your annual return and you've found this web page helpful, you can share it with your network by using the email and social media icons on the left of the page.
Monique Adams
Managing Director, BVI | Corporate and Fiduciary
British Virgin Islands
Monique Adams
Managing Director, BVI
British Virgin Islands
Contact Monique
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Bill Chiang
Managing Director, Hong Kong | Corporate and Fiduciary
Hong Kong
Bill Chiang
Managing Director, Hong Kong
Hong Kong
Contact Bill
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Eric Lam
Operations Director, Hong Kong | Corporate and Fiduciary
Hong Kong
Eric Lam
Operations Director, Hong Kong
Hong Kong
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Grace Ho
Accounting Services Manager | Corporate and Fiduciary
Hong Kong
Grace Ho
Accounting Services Manager
Hong Kong
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Daniel Pacic
Managing Director, Dubai | Corporate and Fiduciary
Dubai
Daniel Pacic
Managing Director, Dubai
Dubai
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Connie Chan 陈丽芬
Associate Director 副董事 | Corporate and Fiduciary
Singapore
Connie Chan 陈丽芬
Associate Director 副董事
Singapore
Contact Connie
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Michael Killourhy
Partner | Legal
British Virgin Islands
Michael Killourhy
Partner
British Virgin Islands
Contact Michael
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Simon Schilder
Partner | Legal
British Virgin Islands
Simon Schilder
Partner
British Virgin Islands
Contact Simon
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Cecilia Li
Partner 合伙人 | Legal
Hong Kong
Cecilia Li
Partner 合伙人
Hong Kong
Contact Cecilia
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22 August 2022 | 8 min read
2022 Amendments to BVI the Business Companies Act
Michael Killourhy
Team: Christian Burns-Di Lauro, Tim Clipstone, Michael Killourhy, Nathan Powell, Simon Schilder, Marie-Claire Fudge
Insight
10 April 2024 | 1 min read
BVI annual financial return solutions
Bill Chiang
Hong Kong, British Virgin Islands
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2 May 2023 | 2 min read
BVI Business Companies – filing an annual financial return
Monique Adams
Team: Shaheba Levons, Toshra Glasgow
British Virgin Islands
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