Regulatory Alerts2022-01-20
BVI Business Companies (Amendment of Schedule 1) Order, 2022
The Cabinet of the Virgin Islands issued this Order pursuant to the BVI Business Companies Act, 2004, to amend the fee schedules in Schedule 1. The Order updates specific annual fees for companies under sections 182, 184, and 187, and introduces a new tiered structure for annual fees based on share authorization and company type under section 236. Additionally, it replaces fixed penalty amounts in Part II with percentages of the annual fee due for late payments.
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