BVI Company Accounting, Annual Returns & Financial Statements Preparation Services
FastLane offer comprehensive accounting services tailored to the unique needs of BVI companies. Whether you’re newly incorporated or have an established BVI company, our expert team ensures your financial records are accurate and compliant with BVI regulations.
Talk to UsFastLane BVI Accounting Services
Using advanced software, we provide fast, cost-effective BVI accounting services tailored to your business. Our technology keeps costs low, ensuring efficient and personalized solutions for BVI formation and ongoing BVI company accounting.
Learn MoreFull Accounting Support for BVI Companies
- Complete Bookkeeping Services: Maintain accurate and up-to-date financial records.
- Financial Statement Preparation: Prepare detailed and compliant financial statements as per International Financial Reporting Standards (IFRS).
- Annual Financial Returns: Ensure timely and accurate submission of your Annual Financial Return.
Specialized Accounting for BVI Companies
- Initial Setup Accounting: Establish your accounting framework during the formation of your BVI company.
- Ongoing Accounting Services: Regular updates and maintenance of accounting records to meet BVI regulatory requirements.
Documentation and Compliance
- Record-Keeping: Secure management of all necessary documents, including bank statements, contracts, and financial obligations.
BVI Accounting Requirements
Annual Financial Return
With amendments to the BVI Business Companies Act in August 2022, effective from 1 January 2023, BVI Companies are required to submit an Annual Financial Return to their Registered Agent. The return is due 9 months after the end of the financial year to which it pertains, with limited exceptions.
The Annual Financial Return is straightforward, comprising a simple Income Statement and Balance Sheet, with no audit required. It can be prepared in any currency used for the company’s financial records.
Financial Record Keeping in BVI
Under the BVI Business Companies Act, all BVI Companies must maintain Financial Records and supporting documentation. These records can be stored anywhere globally, but the Record-Keeping Address and the Record Keeper must be provided to the Registered Agent. Financial Records must be kept for five years from the date of the relevant transaction.
These records include any document that clarifies the company’s financial transactions, such as invoices, bank statements, agreements, and other documents of accounting importance.
Why Choose FastLane for BVI Company Accounting?
Expertise in BVI Accounting: Our seasoned professionals are adept in managing the complexities of BVI company accounting, ensuring accurate and compliant financial records.
Customized Accounting Solutions: We understand that every BVI company has different needs. Our services are tailored to fit the specific requirements of your business.
Efficiency and Accuracy: Utilizing advanced technology, we provide fast and precise accounting services to streamline your financial management.
Get StartedFrequently Answered Questions
Are BVI Companies Required to Have Audited Financial Statements?
BVI companies are generally not required to audit their financial statements unless they are subject to specific regulatory requirements based on the nature of their operations.
Do I need to submit audited financial statements for my BVI company?
No, audited financial statements are not required for BVI companies unless they are regulated entities. However, you may need them for compliance with CFC legislation, business estimation, or internal management purposes.
How long should accounting records be kept?
Accounting records must be preserved for at least 5 years from the date of the transaction to which they relate, as per BVI regulations.
What are the deadlines for filing the Annual Return?
The Annual Return must be filed by March 31st each year, covering the financial year ending December 31st of the previous year.
What is included in the BVI accounting services at FastLane?
Our BVI accounting services include complete bookkeeping, preparation of financial statements, annual financial return filing, and compliance with BVI accounting regulations. We also handle documentation and audit preparation.
Can FastLane assist with accounting services even if they are not the registered agent for my company
Yes, FastLane can provide accounting services regardless of whether we are the registered agent for your company.
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