BVI Extends the Deadline for Filing First Financial Reports

Companies that were required to submit their first (initial) annual reports through a registered agent by September 30, 2024, according to the Notice issued by the Financial Services Commission, now have an additional 9 months to meet this requirement — until June 30, 2025.

Penalties for failing to submit reports within the established deadline include fines of up to $5,000 and the removal of the company from the register.