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Financial Services (Limited Partnership Fees) Regulations (Revised 2020)
The Virgin Islands regulator issued these revised regulations to establish a comprehensive schedule of statutory fees for limited partnerships. The document mandates specific fee amounts for core activities including registration, name reservation, filing notices, charge management, and restorations, with charges ranging from $25 to $2,500. It further implements a tiered annual fee structure that progressively increases based on whether payments are submitted after April 30, July 31, or October 31 of the following year.
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British Virgin Islands
British Virgin Islands Financial Services Commission
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LAW OF
VIRGIN ISLANDS
Financial Services
(Limited Partnership Fees) Regulations 63
Revision Date: 1 Jan 2020 [Statutory Instrument]
FINANCIAL SERVICES (LIMITED PARTNERSHIP FEES) REGULATIONS –
SECTION 62
(S.I. 10/2018)
Commencement
[11 January 2018]
Citation


    

  1. These Regulations may be cited as the Financial Services (Limited Partnership
Fees) Regulations.
Fees payable
    2. 

  2. The fees outlined in the Schedule shall be paid for the activities specified therein.
    3. 





SCHEDULE
(Regulation 2)
FEES
Provision of
Act
Provision
of
Regulations
Nature of Fee Fee ($)
9(1)(a) Registration of a limited partnership 750
10(1) and (2) Filing notice of change in registered
particulars—
(a) within 14 days of the change
notified
50
(b) more than 14 days, but less than 30
days after the date of the change
notified
100
(c) more than 30 days, but less than 90
days after the date of the change
notified
150
(d) more than 90 days after the date of
the change notified
200
12(1) Reservation of a name (for a 90 day
period)
50
13(1)(c) Application for consent to use a
restricted word, phrase or abbreviation
200
14(1) and (2) 6 (a) Application to register additional
foreign character name
50
(b) Registration of additional foreign
character name
50
15(1) and (2) 9 (a) Application to change foreign
character name
50
(b) Issuance of certificate of change of 50


Financial Services
64 (Limited Partnership Fees) Regulations
[Statutory Instrument] Revision Date: 1 Jan 2020
LAW OF
VIRGIN ISLANDS
Provision of
Act
Provision
of
Regulations
Nature of Fee Fee ($)
foreign character name
10(1) Application to deregister foreign
character name
50
10(3) Filing with Registrar notice of
amendment of limited partnership
agreement
50
11(3) Deregistration by Registrar of foreign
character name
50
16(3) Issuance of certificate of change of
registered name
50
21(2) Filing of notice of change of registered
agent or registered office
50
22(2) Filing notice of change of registered
office of limited partnership where
registered agent changes location of
principal office for—
(a) a single filing up to 5 limited
partnerships
25
(for each
limited
partnership)
(b) 6 – 10 limited partnerships 250
(c) 11 – 30 limited partnerships 500
(d) 31 – 50 limited partnerships 750
(e) more than 50 limited partnerships 1,000
59(1), (2) and
(4)
(a) Application for registration of
charge
100
(b) Registration of charge and issuance
of certificate of the charge
200
60(1), (2) and
(3)
(a) Application for variation of
registered charge
100
(b) Registration of variation of charge
and issuance of certificate of
variation of the charge
200
61(3) and (5) (a) Filing notice of satisfaction or
release of charge
100
(b) Registration of notice of satisfaction
or release of charge and issuance of
certificate of satisfaction or release
200
67(1) Application by foreign limited
partnership to continue under this Act
100
68(1) Registration of foreign limited
partnership continuing under this Act
and issuance of certificate of
continuation
1,000


LAW OF
VIRGIN ISLANDS
Financial Services
(Limited Partnership Fees) Regulations 65
Revision Date: 1 Jan 2020 [Statutory Instrument]
Provision of
Act
Provision
of
Regulations
Nature of Fee Fee ($)
70(6) and (7) (a) Filing notice of limited partnership’s
continuance under foreign law
100
(b) Issuance of certificate of
discontinuance
1,500
74(1) and (2) Application for registration of surviving
or consolidated limited partnership
100
75(1) Registration of surviving or
consolidated limited partnership and
issuance of certificate of merger or
consolidation
2,000
78(2) Filing of documents where surviving or
consolidated limited partnership is to be
a foreign limited partnership
1,000
83(3) Filing of notice of an arrangement 1,500
85(4) Filing of court order sanctioning scheme
of arrangement
2,500
88(1) 13 Filing notice of appointment of
liquidator
150
95(1)(d) Striking name of limited partnership off
Register on application of limited
partnership
100
99(1) Restoration of limited partnership to
Register—
(a) if application is made 6 months or
less of the date the limited
partnership was struck from the
Register
500
(b) if application is made more than 6
months after the date the limited
partnership was struck from the
Register
1,500
103(2) Restoration of limited partnership to
Register pursuant to an order of the
Court
2,500
110(1) Inspection of records on Register of
Limited Partnerships relating to a
limited partnership or inspection of a
document filed in relation to a limited
partnership—
(a) where the inspection takes place at
the Office of the Registrar, whether
the inspection is of electronic or
paper record
50
(b) in any other case 30
Inspection of Register of Registered
Charges in relation to a limited
partnership
50
112 Issuance of certificate of good standing 75


Financial Services
66 (Limited Partnership Fees) Regulations
[Statutory Instrument] Revision Date: 1 Jan 2020
LAW OF
VIRGIN ISLANDS
Provision of
Act
Provision
of
Regulations
Nature of Fee Fee ($)
113 Issuance of certificate confirming
information on the Register in relation
to a limited partnership or the status of a
limited partnership
75
For the registration of any document
required or permitted to be registered
under this Act for which a charge is not
specified above
100
Annual fee payable by a limited
partnership which is on the Register on
31 December of any year—
(a) if the fee is paid on or before 30
April of the following year
750
(b) if the fee is paid after 30 April of the
following year, but on or before 31
July of the following year
850
(c) if the fee is paid after 31 July of the
following year, but on or before 31
October of the following year
1,000
(d) if the fee is paid after 31 October of
the following year
1,150


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