BVI Business Companies Act, 2004
SCHEDULE 1
Fees and Penalties
...
PART II – PENALTIES
If a company fails to pay the annual fee payable under Part I of this Schedule on or before the date on which the annual fee is due, it shall, in addition to the annual fee, be liable to a penalty calculated as follows:
(a) if the fee is paid before the expiration of two months after the date when the fee is due, the penalty payable shall be equal to ten per cent of the annual fee due; or
(b) if the fee is paid after the expiration of two months after the date when the fee is due, the penalty payable shall be equal to fifty per cent of the annual fee due.
Copyright © 2001-2010 www.BVIIncorporation.com
Disclaimer: The informations included in this site for information purposses only and mys not be taken
as legal, accounting or other professional advice. Any one seeking to estabilish any offshore legal entity
or bank account should first seek professional legal, accounting or other professional advice.
Disclaimer: The informations included in this site for information purposses only and mys not be taken
as legal, accounting or other professional advice. Any one seeking to estabilish any offshore legal entity
or bank account should first seek professional legal, accounting or other professional advice.