The BVI Financial Services Commission (Commission) has announced this morning that due to policy and logistical issues in ensuring full compliance for the first return deadline, that neither the Commission nor its sub-division, the BVI Registry of Corporate Affairs, will take any enforcement action against companies and their registered agents for failing to comply with the current deadline. The Commission also highlighted that it will consider granting extensions to those companies and will provide an update in due course.
Further updates will be provided in due course.
At this time BVI Companies are still urged to send their completed annual return to their registered agent pending further updates by the Commission.
