BVI Changes To Registry Fees – Update March 2017

The BVI Business Companies Act (Amendment of Schedule 1) (No. 3) Order, 2016 was passed on 20 December 2016 and sets out new fees to be charged to BVI Business Companies by the Registry of Corporate Affairs in the BVI. The new fees will come into force in the coming months although the exact timetable is subject to change – currently it is envisaged that changes may not come into force until 2018. Key changes are summarised below.

Incorporation

The incorporation fee for a standard company authorised to issue up to 50,000 shares will increase to $450 (from US$ 350) and, for a standard company authorised to issue more than 50,000 shares, to $1,200 (from US$1,100). There will no longer be a separate fee for a new company to register its initial Register of Directors (the current fee is US$50).