Generally, the only duty is to maintain annual licence renewal in BVI.
| Annual license renewal fee is US$ 650. |
- Annual license renewal due by 30/4 each year.
- We'll send reminder to our client to help renewal in March .
- Annual license renewal due by 31/10 each year.
- We'll send reminder to our client to help renewal in September .
Possible late renewal payment penalty :
- Within 2 months of renewal date = US$ 650 + 10%
- Over 2 months of renewal date = US$ 650 + 50%
- Over 5 months, the company will be struck off from the registration.
As long as the BVI company is not carrying on business in Hong Kong, there is no duty of reporting or registration to Hong Kong government departments.