Industry Circular 9 of 2025 - BVI FSC Extends Time for Filing Initial Annual Returns

BVI FSC Extends Time for Filing Initial Annual Returns

The BVI Financial Services Commission (the Commission) on 14 February 2025 has granted an extension for filing initial annual returns to companies whose fiscal or financial year is not a calendar year. 

Pursuant to section 98A(2A) of the BVI Business Companies Act, Revised Edition 2020, the Commission has published a Notice (the Notice) on its website to grant a 9-month extension for filing initial annual returns to companies whose fiscal or financial year is not a calendar year and were therefore required to make their initial filings on or after 1 October 2024. A copy of the Notice can be viewed here.

This is the second notice issued pursuant to the Commission’s powers under section 98A(2A) of the BVI Business Companies Act. The first notice was issued on 11 December 2024 which granted a similar extension to companies whose fiscal or financial year is a calendar year and were required to file their initial annual returns no later than 30 September 2024 (see Industry Circular 44 of 2024 for more information).

Any questions or concerns in relation to this Circular should be directed to [email protected].