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  3. BVI Financial Annual Return- Extension date for filing confirmed

BVI Financial Annual Return- Extension date for filing confirmed

18 Feb 2025
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The BVI Financial Services Commission announced on 14 February 2025 that companies required by the Act to submit their initial Financial Annual Return (FAR) to their registered agent have had the deadline automatically extended by nine months.

In December 2024 the FSC granted an automatic nine month extension for entities with a 31 December period end, which remains unchanged. This most recent extension grants an extension to entities using financial year end which do not align with the calendar year.

For example an entity with a 5 April financial year end would have been required to submit their first FAR before 4 January 2025. This deadline has now been automatically extended by nine months to 4 October 2025.

If a company fails to meet the extended filing deadline, its registered agent must notify the BVI Financial Services Commission within 30 days of the relevant company’s failure to file. The Commission in turn may initiate enforcement action against the company.

Please reach out to us if you have questions: BVIFAR@harneysfiduciary.com.