The British Virgin Islands Financial Services Commission (BVI FSC) has announced it will not take enforcement action against companies or registered agents that miss the 30 September 2024 deadline for filing their first annual returns under the BVI Business Companies Act.

Under sections 98A (1) and (2) of the Act, as amended on 1 January 2023, all BVI registered companies are required to file an annual financial return with their registered agents, within nine months after the end of the company’s financial year. The annual return is to be kept at the agent's offices. It can be requested by the BVI FSC or other competent authority, but will not be publicly available.