10. Renewal of a BVI International Business Company:
Renewal for a BVI IBC will depend on the date of incorporation as per below:
|Company Anniversary date between:||Due date:|
|January to June (1st half)||Before May – 31st|
|July to December (2nd half)||Before November – 30th|
In case of late renewal, government and service charges shall be applicable.
The BVI International Business Company will be struck off by the registrar if not renewed within five (5) months after the due date, and restoration fees shall be applicable.
The latest valid passport copy and recent utility bill for address proof of shareholder/director are required to be submitted at every renewal as a part of enhanced due diligence. If the shareholder is a corporate entity, then the latest certificate of incumbency and above-stated docs of directors would be required.
Documents Requirements for BVI IBC Setup:
KYC Documents for individual Director/Shareholder:
KYC for Corporate Director/Shareholder: