2024 British Virgin Islands Regulatory Calendar
JANUARY
Registered Office Fee due for all entity types to Maples Corporate Services (BVI) Limited.
MARCH
Investment Business License holders (“Licensees”) to file a Compliance Report and Investment Business Annual Return with the Commission on or before 31 March.
MAY
31
AEOI (FATCA/CRS) reports/'nil returns' due to the **ITA for Reporting Financial Institutions (must be made on BVIFARS).
Approved Managers and Approved Funds to file an Annual Return with the *Commission on or before 31 Jan.
Incubator Funds to file with the Commission a Semi-Annual Return on or before 31 Jan.
APRIL
Licensees and Approved Managers to pay annual license fees and file an Anti-Money Laundering/ Countering the Financing of Terrorism (AML/CFT) Return with the Commission on or before 31 March.
JUNE
1
Registration deadline with the ITA** in the first calendar year following which entities became Financial Institutions under the Foreign Account Tax Compliance Act, as implemented in BVI (“FATCA”)
FEBRUARY
Deadline for submission to the Commission of audited accounts for private, professional, public, private investment funds and Licensees with 31 Dec financial year end.
Deadline for submission to the Commission of unaudited accounts for Approved Funds, Incubator Funds and Approved Managers with 31 Dec financial year end.
SEPTEMBER
30
Registration deadline with the ITA** in the first calendar year following which entities became Financial Institutions under the Common Reporting Standards, as implemented in BVI (“CRS”)
Deadline for submission of Mutual Fund Annual Return for private, professional and public funds.
Incubator Funds to file with the Commission a Semi-Annual Return on or before 31 July. OCTOBER
Deadline for submission to the registered agent of Annual Financial Returns for companies with 31 Dec financial year end which are not already required to submit accounts to the Commission on 30 June or are otherwise exempt.
29
Economic Substance Returns due to the **ITA where economic substance financial period ends 29 June.
31
De-registration deadline to avoid imposition of 2025 fees for Commission registered entities.
Regulatory Calendars are also available for key filing deadlines applicable in Ireland, Luxembourg, Jersey and the Cayman Islands. This calendar is intended to provide only general information for the clients and professional contacts of the Maples Group. It does not purport to be comprehensive or render legal advice. For further information please liaise with your usual Maples Group contact or email BviCalendarRequest@maples.com.
15 15 THE REGUL ATORY 15/15 PODCAST A 15-minute summary of the latest regulatory developments. maples.com/15-15