The BVI Business Companies (Financial Return) Order, 2023
("Order") was brought into force on 1
January 2023. The Financial Services Commission
("Commission") has now provided further
guidance in respect of the Order during the "Meet the
Regulator" event on 3 October 2023.
This article should be read together with Appleby's previous
article on the BVI Business Companies (Amendment) Act, 2022
and BVI Business Companies (Amendment) Regulations,
2022.
The Order provides that every BVI company shall, in respect of
each year, file with its registered agent an annual return. The
annual return consists of a simple income statement and balance
sheet in the form, and containing the information, specified in the
Schedule to the Order (form provided as attached). Where a BVI
company has not previously adopted a financial or fiscal year-end
or it intends to change its current financial or fiscal year-end
date, subject to the provisions of the memorandum and articles
