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BVI Business Companies Act, 2004

SCHEDULE 1

[Section 236]

Fees and Penalties

PART I - FEES

COLUMN 1 / COLUMN 2 / COLUMN 3

Section / Nature of fee / Fee ($)

7(1) / For the incorporation of: / -

- / (a) a company specified in section 5(a), (c) or (e) that is authorized to issue no more than 50,000 shares / 350.00

- / (b) a company specified in section 5(a), (c) or (d) that is authorized to issue more than 50,000 shares / 1,100.00

- / (c) a company specified in section 5(b) or (d) / 350.00

8(1) / For the incorporation of a company as a restricted purposes company / 5,000.00

13 / For the registration of a notice of amendment of the memorandum or articles or of a restated memorandum or articles: / -

13(1) / (a) filed within 30 days after the date of the resolution / 25.00

13(1) / (b) filed more than 30 days but less than 61 days after the date of the resolution / 50.00

13(1) / (c) filed more than 60 days but less than 91 days after the date of the resolution / 75.00

13(1) / (d) filed more than 90 days after the date of the resolution / 100.00

13(5) / (e) filed pursuant to an order made by the Court under section 13(5) / 100.00

15 / For the registration of a restated memorandum and/or articles / 25.00

21(2) / For an application to change a name / 25.00

21(2) / For the issuance of certificate of change of name / 25.00

25 / For the reservation of a name / 25.00

40 / For filing a notice of change in the number of shares a company is authorised to issue, where the number of shares is increased from less than 50,000 to more than 50,000. / 750.00

92(2) / For the registration of a notice of change of registered office or registered agent / 50.00

93 / For the registration of a notice of resignation as registered agent / 25.00

95(3) / For notifying change in details kept by the Commission in the register of approved registered agents / 25.00

118A / For filing annual return by unlimited company not authorised to issue shares / 50.00

163(4) / For the registration of a charge / 100.00

164(3) / For the registration of a variation of a registered charge / 50.00

165(3) / For the registration of a notice that a registered charge has ceased to affect property of a company / 50.00

- / For the registration of articles of merger or consolidation: / -

171(3) and 172(7) / (a) where, the consolidated or surviving company is a company specified in section 5(a), (c) or (e) authorized to issue no more than 50,000 shares / 600.00

171(3) / (b) where, in the case of a consolidation, the consolidated company is a company specified in section 5(a), (c) or (e) that is authorized to issue more than 50,000 shares / 800.00

171(3) and 172(7) / (c) where, in the case of a merger, the surviving company is a company specified in section 5(a), (c) or (e) that, as a result of the merger is authorized to issue more than 50,000 shares / 800.00

171(3) and 172(7) / (d) where, the consolidated or surviving company is a company specified in section 5(b) or (d) / 600.00

177(8) / For the registration of articles of arrangement: / -

- / (a) in the case of a company specified in section 5(a), (c) or (e) authorized to issue no more than 50,000 shares / 600.00

- / (b) in the case of a company specified in section 5(a), (c) or (e) authorized to issue more than 50,000 shares / 800.00

- / (c) in the case of a company specified in section 5(b) or (d) / 600.00

182(1) / For the continuation of a company as: / -

- / (a) a company specified in section 5(a), (c) or (e) authorized to issue no more than 50,000 shares / 500.00

- / (b) a company specified in section 5(a), (c) or (e) authorized to issue more than 50,000 shares / 1,100.00

- / (c) a company specified in section 5(b) or (d) / 500.00

184(3) / For the registration of a notice of continuation out of the Virgin Islands / 250.00

187 / For the registration of a company as a foreign company carrying on business in the Virgin Islands / 300.00

188 / For the registration of a change of particulars of foreign company / 50.00

192(1) / For filing annual return by foreign company / 50.00

204 / For the registration of a notice of appointment of voluntary liquidator / 75.00

208 / For the issue of a certificate of dissolution / 25.00

217 / For the restoration of the name of a company to the Register by the Registrar / -

- / (a) if the application for restoration is made 6 months or less after the date that the name of the company was struck from the Register / 375.00

- / (b) if the application for restoration is made more than 6 months after the date that the name of the company was struck from the Register / 775.00

218 / For the restoration of the name of a company to the Register pursuant to an order of the Court / 750.00

231(1) / For the initial registration by the Registrar of a copy of a register of members or a register of directors / 50.00

231(2) / For the registration of a change in a register of members or a register of directors / 50.00

231(3) / For the registration of a notice that a company has elected to cease to register a copy of its register of members or register of directors / 50.00

233 / For each inspection of: / -

- / (a) the register of companies, foreign companies, charges or approved registered agents / 15.00

- / (b) the file of a company / 15.00

- / Where the Registrar undertakes an inspection on behalf of a third party, the fee specified in paragraphs (a) and (b) is increased to: / 25.00

N/a / For the issue by the Registrar of: / -

- / (a) a duplicate certificate / 25.00

- / (b) an uncertified copy, or extract of, any documents (per page) / 1.00

- / (c) a certified copy, or extract of, any document / 25.00

235 / For a certificate of good standing / 25.00

N/a / Annual fee, payable on the date specified in paragraph 1 of Part III of this Schedule, for a company which, on the date that the fee is due, is: / -

- / (a) a company specified in section 5(a), (c) or (e) authorized to issue no more than 50,000 shares / 350.00

- / (b) a company specified in section 5(a), (c) or (e) authorized to issue more than 50,000 shares / 1,100.00

- / (c) a company specified in section 5(b) or (d) / 350.00

- / (d) a restricted purposes company / 5,000.00

- / (e) a company registered as a foreign company carrying on business in the Virgin Islands / 300.00

- / For the registration of any document required or permitted to be registered under this Act for which a charge is not specified above. / 50.00