What is the Annual Fees to be Paid to the BVI Registry?

Companies pay annual fee depending on the amount of the company’s Share capital. For instance, the annual fee for companies having the Share capital of up to $50,000 is US$1,800, and for companies the capital of which exceeds $50,000 – US$3,000.

There must be at least one director (whether individual or corporate, resident or not), and the first director(s) must be appointed within 6 months following incorporation. Details of directors (including the names and addresses, dates and appointment and removal/retirement) shall be recorded with the register of directors to be kept at the company’s registered office.

Companies formed under the British Virgin Islands BC Act are required to keep at the office of their registered agent (apart from the M&AA):

– original or a copy of the register of members (any updates to which are to be notified to the registered agent within 15 days)

– original or a copy of the register of directors (any updates to which are to be notified to the registered agent within 15 days)

– other records, such as minutes of meetings and resolutions of members and directors, etc.