Staying on top of your BVI compliance calendar is critical to avoid penalties, maintain good standing, and support business continuity. Here’s a month-by-month breakdown of the key filing dates and regulatory obligations for BVI companies, partnerships, and funds in 2025.
Content Outline
🔹 January 31 Deadlines
Entities must kick off the year with several essential filings:
- BVI approved investment managers must file their 2024 annual returns with the BVI Financial Services Commission (FSC).
- Incubator funds must submit both their semi-annual report (for the period ending 31 Dec 2024) and annual return.
- Approved funds and fiduciary services licensees are also required to file their 2024 annual returns.
📌 Pro tip: Late filings may result in administrative penalties and regulatory issues.
🔹 March 31 Deadlines
This is one of the busiest filing months of the year.
- Foreign companies and certain unlimited companies must file their annual return with their registered agent.
- Annual renewal fees must be paid by investment business licensees and approved investment managers.
- A range of insurance entities and intermediaries must electronically file annual returns for 2024.
- AML/CFT returns must be submitted online via the VIRRGIN portal by various licensees, including banks, insurers, insolvency practitioners, and virtual asset service providers.
- Entities seeking exemptions from filing audited (or unaudited) financial statements must apply by this date.
The following licensees must electronically file their annual return for the period ending 31 December 2024 with the BVI FSC to the relevant email filing address:
- Captive and domestic insurers: insurancereturns@bvifsc.vg
- Insurance intermediaries, agents and brokers: insurancereturns@bvifsc.vg
- Insurance managers: insurancereturns@bvifsc.vg
- Investment business: investmentreturns@bvifsc.vg
🔹 April 1 Deadlines
FATCA Reporting
BVI entities classified as financial institutions under FATCA must register for a GIIN (if applicable), complete annual enrolment through BVIFARS, and pay the enrolment fee.
BVI FIs under CRS legislation with CRS reporting obligations (including the filing of any nil return, if applicable) for the 2024 reporting year must, where not enrolled for FATCA, register for a GIIN (if applicable), complete their annual enrolment with the ITA through BVIFARS and pay the enrolment fee. Contact the entity’s CRS service provider for guidance.
🔹 April 30 Deadlines
CRS Registration & Annual Fees
Limited partnerships on the register as of 31 December 2024 must pay their annual fees to avoid penalties and risk of being struck off.
CRS financial institutions must complete enrolment and pay the applicable fee (if not already registered under FATCA).
🔹 May 31 Deadlines
BVI companies incorporated between Jan 1 – June 30 must pay annual fees or face fines from June 1.
BVI companies incorporated from 1 January to 30 June 2025 must pay their annual fees to the Registrar of Corporate Affairs (the Registrar). If they are not paid by 31 May, penalties begin to accrue from 1 June. If the annual fees remain unpaid, BVI companies will become liable to be struck off the Register of Companies and immediately dissolved on the date specified in the notice sent by the Registrar to the company.
All relevant CRS and FATCA reports must be filed with the ITA via BVIFARS.
BVI FIs must file their CRS and FATCA reports (including the filing of any nil return for CRS, if applicable) for the 2024 reporting year with the ITA through BVIFARS. Contact the entity’s CRS/FATCA service provider for guidance.
🔹 June 30 Deadlines
Fund & Financial Reporting
- Economic substance returns are due for entities with a Dec 31 year-end.
- Public, private, and professional funds must file their mutual fund annual return for 2024.
- Audited financials must be submitted by entities with a 31 Dec financial year-end.
- Approved investment managers and incubator/approved funds must also submit financial statements, although these do not need to be audited.
🔹 July 2 Deadlines
Existing BVI companies (pre-Jan 2, 2025) must file:
- Register of members
- Register of directors
- Beneficial ownership information
Existing BVI limited partnerships must file:
- Register of general and limited partners
- Beneficial ownership information
🔹 July 12 Requirement
Limited partnerships that were automatically re-registered under the Limited Partnership Act must have a written partnership agreement in place and on file.
BVI limited partnerships formed under the Partnership Act that were deemed to be automatically re-registered as of 12 January 2025 under the Limited Partnership Act (Revised Edition 2020), as amended, must have in place a written partnership agreement and keep a copy at the office of its registered agent.
🔹 July 31 Deadline
- Incubator funds must file their semi-annual report for the period ending June 30, 2025.
BVI incubator funds must file their semi-annual report for the period ending 30 June 2025 with the BVI FSC via prudentialsupervision@bvifsc.vg.
🔹 September 30 Deadline
- Annual returns for BVI companies and limited partnerships (with Dec 31 FYE) are due—unless exempt or extended.
BVI companies having a financial year ending 31 December must, unless exempted or an extension has been granted, file their annual return for 2024 with their registered agent.
BVI limited partnerships having a financial year ending 31 December must, unless exempted, file their annual return for 2024 with their registered agent.
🔹 November 30 Deadline
- Companies incorporated from July 1 – Dec 31 must pay annual fees to the Registrar or risk dissolution starting December 1.
BVI companies incorporated from 1 July to 31 December must pay their annual fees to the Registrar. If they are not paid by 30 November, penalties begin to accrue from 1 December.
If the annual fees remain unpaid, BVI companies will become liable to be struck off the Register of Companies and immediately dissolved on the date specified in the notice sent by the Registrar to the company.
🔹 December 31 Deadline
- Country-by-Country (CbC) reporting entities must:
- Complete 2025 enrolment for MNE group filings
- File the 2024 CbC report (if applicable)
BVI entities that are a ‘constituent entity’ (CE) of a multinational entity group (MNE group) for Country-by-Country (CbC) reporting purposes having a 2025 reporting financial year commencing on 1 January 2025 must complete their annual enrolment for 2025 with the ITA through BVIFARS.
BVI CEs with reporting obligations for the 2024 reporting financial year commencing on 1 January 2024 must file their 2024 CbC report with the ITA through BVIFARS. Contact the entity’s CbC service provider for guidance.
🔹 Deadlines Based on Financial Year End
Many BVI filings depend on the entity’s financial year end (FYE):
- CbC enrolments must be completed by the end of the reporting financial year.
- Economic Substance Returns must be filed within 6 months of FYE.
- Annual Returns for companies and LPs due within 9 months of FYE.
- Audited or unaudited financials (depending on entity type) are due within 6 months of FYE.
Ongoing Filing and Notification Obligations
🔹 For Business Companies
- File initial and updated registers of directors, members, and beneficial owners.
- Notify Registrar of changes to registered office, agent, or M&A documents.
🔹 For Limited Partnerships
- File initial registers and update changes to general/limited partners, beneficial ownership, and partnership agreements.
🔹 For Foreign Companies
- File updates to key corporate details within 30 days.
- Notify Registrar within 7 days if ceasing to do business in the BVI.
🔹 For Funds & Investment Managers
- Report appointments, resignations, and structural changes within 7 to 14 days.
- Notify the BVI FSC of material events or threshold breaches (e.g., investor limits).
Final Notes
Failure to meet any of these requirements can result in:
- Financial penalties
- Administrative action
- Strike-off and dissolution
If you’re unsure about your obligations, reach out to FastLane for timely support.
