BVI Company

INTERSHORES I Increase In Annual License Fees Of British Virgin Islands

The British Virgin Islands Financial Services Commission (“BVI FSC”) has recently announced an increase in Annual Licence Fees which will come into effect on 1 January 2023.  This fee increase does NOT impact on the 2022 Annual Licence Fee invoices issued in 2022 i.e. the 2022 fee remains as issued with no fee increased.

 

With respect to the 2023 fee increases, the most notable are summarised in the table below:

 

Company type

Fee type

Current fee (US$)

New fee (US$)

Standard company authorised to issue up to 50,000 shares

Government incorporation fee

450

550

Annual licence fee

450

550

Standard company authorised to issue more than 50,000 shares

Government incorporation fee

1,200

1,350

Annual licence fee

1,200

1,350

 

The BVI FSC has also increased other filing fees and the fee for the issuance of certificates.

 

You can download the BVI Business Companies (Amendment of Schedule 1) (No.2) Order, 2022 from the bottom of the page.

 

Whatsapp : (852) 6499 4686

Phone : (852) 2186 6936

Email : info@intershores.hk

 

Disclaimer:

Whilst reasonable care has been taken in provision of information above, it does not constitute legal or other professional advice. INTERSHORES does not accept any responsibility, legal or otherwise, for any error omission and accepts no responsibility for any financial or other loss or damage that may result from its use.  In particular, readers are advised to take appropriate professional advice before committing themselves to any involvement in jurisdictions, vehicles or practice.

 

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