Annual Maintenance

Generally, the only duty is to maintain annual BVI government licence.

Annual Renewal

BVI Company
  •   Hong Kong Correspondence Address Parking
  •   for standard 50,000 shares
USD 900
 

AsiaBusiness will send reminder to clients and help to arrange the renewal matter.

Company anniversary date between License renewal due date AsiaBusiness Reminder
January to June (1st half) April - 15th March - 1st
July to December (2nd half) October - 15th September - 1st

Penalty case example

Company anniversary date between BVI Government Penalty Renew Fee + Penalty
1st half
April - 16th to June - 15th USD 35 USD 935
June - 16th to October - 14th USD 175 USD 1,075
November - 1st company struck off -
2nd half
October - 16th to December - 15th USD 35 USD 935
December - 16th to April - 14th USD 175 USD 1,075
May - 1st company struck off -
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.

 

 

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BUSINESS BANK ACCOUNT

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HONG KONG COMPANY

A part of China and ranked the world's third largest financial centre, with simple tax system and well-found banking facilities.

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LEGALIZATION

AsiaBusiness can help to arrange certification of some company registration document, ID document or trading document.

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