Corporate Characteristics Naming the IBC Name Restrictions Company Records and Statements Classes of Shares Bearer Shares Share Capital Meetings Reporting Requirements Taxation Business with BVI Residents

Reporting Requirements

There are no strict reporting requirements in BVI. An IBC does not need to prepare financial statements or company accounts. There is no need to hire any auditors. The company should maintain only those accounts or records which are considered necessary by the company directors for their own use, and these can be kept anywhere in the world.

There is no need to file annual returns for an IBC.

There is a requirement to maintain the Register of Directors and the Register of Shareholders at the Registered Office of the company. However, it is not required to maintain a register of officers.