Reminder: BVI Annual Financial Return Deadlines for FYE December 2024 – September 2025

Changing a BVI Company’s Financial Year End

A BVI business company may change its financial year end by board (or member) resolution and notifying its registered agent.

No separate filing with the Registrar of Corporate Affairs or the FSC is required; the registered agent keeps the internal record of the company’s accounting reference period.

Step-by-Step Process

1. 1. Pass a directors’ (or unanimous shareholders’) resolution approving the new year-end date.
2. 2. Deliver copy of the resolution to your registered agent and notify them of the new year-end date.
3. 3. The registered agent updates the company’s internal register of accounting periods.
4. 4. Your next Annual Financial Return then becomes due nine months after the new year-end.

Key Considerations

1. 1. There is no statutory limit on how often you can change the year end, but frequent changes can complicate audit trails and raise queries from auditors or regulators.
2. 2. Align the new year end with your group reporting cycle, audit deadlines and any economic-substance reporting obligations.
3. 3. Changes do not reset existing return deadlines – if you still have an AFR outstanding under the old year end, it remains due nine months after that old date.