What are the consequences of not having annual review of BVI company??What is bvi company? The conditions for establishing a BVI company are very relaxed，The cost is also very low，You can set up a BVI company with just one dollar。Due to the BVI’s international business corporate law and tax law，A very flexible and flexible system is specially designed for investors outside the BVI.，Therefore it is classified as a "tax haven"。
Generally engaged in holding、finance、Insurance and overseas fund companies，will choose to register offshore companies in such tax havens。
Registration condition one、Company Name
Require
BVI company name freedom，Chinese and English company names are allowed，However, the Chinese and English names need to be translated accordingly；Names containing international、group、holding、Industry、words such as investment；At the same time, you can add the name of your favorite country or region before the name.：like：China、Hong Kong etc.；The company name must end with Limited、Corporation、Incorporated、SocieteAnonyme or SociededAnonima or the abbreviation of the above words is the closing sentence。
(Note：Unless specifically approved by the government，Company name cannot contain Assurance、Bank、BuildingSociety、ChamberofCommerce、Chartered、Cooperative、Imperial、Insurance、Municipal、Words such as Royal or Trust) 2、Company Director/Shareholder 1、The chairman of the board of directors is the head of the board of directors，elected by shareholders，one or more people；2、The shareholder register must be kept with the BVI registered agent，The company issues registered shares，No need to disclose beneficiary identity information，one or more people；3、Directors and shareholders can be natural persons or legal persons. Natural persons have no nationality restrictions.，Must be over 18 years old。
three、Registered address/Appointed agent1、The company needs to appoint a registered agent (provided by Zhuoying)；2、The registered address of the company is at the office of the registered agent。Four、Business scope 1、In principle, there are no big restrictions on the company's business scope.，Can operate any business of any nature as long as it is legal；2、finance、bank、credit、Insurance and other special industries，Requires special government approval。
After the BVI Division was established，You must apply for annual review matters in accordance with the annual review reporting time stipulated by the British Virgin Islands Government (Company Registry)，This is the responsibility of every company boss。
BVI company annual review time：First, confirm whether the company was incorporated in the first half of the year or the second half of the year.，The latest filing time is the first half of the year (January to June 30)，The latest filing time [excluding the year of registration] - the second half of the year before May 31 of each year (July to December 31)，The latest filing time [excluding the year of registration] - before October 31 of each year. The annual review procedure for BVI companies is relatively simple.，Just pay the annual review
cost
，Secretarial service company delivers government documents，15The government will issue documents in about three working days，After that, the customer only needs to wait for the courier documents.。
actually，bvi公司到期不年审会被强制注销，银行账户也会受到影响不能使用。
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