English
中文
Approved Managers will have various regulatory filing obligations. It is crucial to stay updated on key deadlines and compliance requirements to avoid penalties and ensure adherence. Below are the key dates to help maintain compliance
Approved Managers
| Deadline | Filing | Notes |
| 31 January 2025 | Annual return deadline | An annual return must be submitted with the BVI Financial Services Commission (the FSC). |
| 31 March 2025 | Annual fee due | The approved managers is required to pay an annual fee to the FSC. |
| 31 March 2025 | AML / CFT return | AML / CFT Return for the period from 1 January to 31 December 2024 must be submitted through the dedicated AML / CFT return portal. |
| 1 April 2025 | FATCA notification | FATCA notification deadline applies to all new reporting financial institutions (for the initial reporting year only) |
| 30 April 2025 | CRS notification | The CRS notification deadline applies to all new reporting financial institutions (for the initial reporting year only). |
| 31 May 2025 | FATCA / CRS reporting deadline | FATCA/CRS must be submitted through the BVIFARS reporting portal of the International Tax Authority. |
| 30 June 2025 | Unaudited financial statements deadline | Unaudited financial statements must be submitted to the FSC within six months after the end of the financial year. If the financial year does not end on 31 December 2024, the filing deadline will be within six months from the respective financial year-end. |
| 30 June 2025 | Economic substance (ES) Declaration | ES Declaration must be submitted to BVI BOSS Portal within six months after the end of the financial year. If the financial year does not end on 31 December 2024, the filing deadline will be within six months from the respective financial year-end. |
If you require further advice relating to the above matters, please contact us at enquiries@hcsoffshore.com
