BVI Economic Substance Filing Service for Seamless Compliance
We handle your economic substance reporting BVI requirements from start to finish. Our team prepares your ES declaration and ensures it's filed with the British Virgin Islands International Tax Authority—so you stay compliant without the hassle.
Introduction to BVI Economic Substance Filing
The BVI Economic Substance (ES) Reporting is a mandatory annual filing required under the Economic Substance (Companies and Limited Partnerships) Act, 2018. It ensures BVI entities demonstrate real economic presence and activity in the jurisdiction.
All BVI companies and limited partnerships must conduct an ES assessment and submit an ES declaration to the International Tax Authority (ITA) through their Registered Agent. Even companies with no relevant activities must file a nil declaration.
The economic substance requirements came into effect on 1 January 2019, as part of BVI's commitment to international tax transparency standards set by the OECD and EU.
Information Required
Activity Assessment Results
Tax Residency Status
Substance Details (if applicable)
Company Information
Entities not carrying out relevant activities only need to file a simple nil report confirming no relevant activities are conducted.
Exemptions from Substance Requirements
Non-Resident Entities
Investment Funds
No Relevant Activities
Entities in Liquidation
Even exempt entities must file an ES report confirming their exempt status. Failure to file results in penalties.
Penalty Structure
Failure to file ES report
Up to US $75,000 fine or imprisonment up to 5 years for failing to submit the reportFirst non-compliance determination
US $5,000 to US $20,000 penalty (up to US $50,000 for high-risk IP entities)Second non-compliance determination
US $10,000 to US $200,000 penalty (up to US $400,000 for high-risk IP entities)Strike-off risk
Persistent non-compliance may result in strike-off from the Register of CompaniesThe ITA actively monitors compliance. Non-compliant entities risk severe financial penalties and potential dissolution.
ES Report Filing Deadline
The ES report must be filed within 6 months of the end of your ES financial period. The deadline preserves the day of month (e.g., period ending 29th June → deadline 29th December).
| ES Financial Period (Example) | Filing can be done between | Deadline | Subsequent years |
|---|---|---|---|
| 30th June 2024 to 29th June 2025 | 30th June 2025 to 29th December 2025 | 29th December 2025 | 29th December |
| 1st January 2024 to 31st December 2024 | 1st January 2025 to 30th June 2025 | 30th June 2025 | 30th June |
| 1st March 2024 to 28th February 2025 | 1st March 2025 to 31st August 2025 | 31st August 2025 | 31st August |
Leave Your ES Filing to the Experts
Our specialists manage your BVI economic substance reporting from assessment to submission, ensuring you stay compliant without the hassle.
No Additional Charges
All ES filing fees are already included in your annual compliance package - no hidden costs or surprise charges.
BVI Substance Expertise
Our team specializes in BVI economic substance regulations, ensuring accurate filings every time.
Dedicated Relationship Manager
Work with a single point of contact who understands your business and ensures personalized service.
Timely Reminders & Follow-ups
Never miss a deadline with our proactive reminder system and regular follow-ups to keep your compliance on track.
Quick Turnaround & Filing
Fast processing and timely submission to the ITA, ensuring your company remains compliant without delays.
Your BVI Economic Substance Filing, Sorted
From activity assessment to submission, we handle every detail of economic substance reporting BVI companies need.
No Extra Fees for ES Report Filing
There's no separate BVI economic substance filing fee — it's included in your compliance package. Because essential compliance shouldn't cost extra.
For Existing Customers
For Company Transfers
What's Included
Complete ES activity assessment
Professional ES report preparation
Submission to ITA via Registered Agent
Dedicated relationship manager
Proactive deadline management
How We Handle Your ES Filing
Here's how we take care of your BVI economic substance (ES) report filing, start to finish.
Initiate Filing Request
Contact us to start your BVI economic substance filing. We'll review your company details, confirm your ES financial period, and prepare for the substance assessment.
ES Self-Assessment & Resolution
We share the Economic Substance Self-Assessment and Resolution documents required for your ES filing, along with a detailed guide on how to complete them. You fill in, sign, and return the documents to proceed.
Submission to ITA
Once the documents are received, the economic substance filing BVI requires is submitted to the International Tax Authority, ensuring all regulatory requirements are met.
Filing Confirmation
After successful submission, we provide your ES report filing completion confirmation as proof your company has met its BVI economic substance reporting obligation.
Let Us Handle Your ES Report Filing
Quick, accurate, and stress-free. Let us handle economic substance filing BVI companies need.
Frequently Asked Questions
Common questions about BVI economic substance filing answered by compliance experts.
Once signed documents are received, the BVI ES filing is typically completed within 24-48 hours. The submission meets all requirements under the Economic Substance Act, ensuring a smooth and compliant process for your company.
Yes, we assist with late ES filing BVI companies need to restore compliance status. We coordinate the submission process quickly to minimize penalties and get your company back on track with its obligations.
You'll complete the ES Self-Assessment and Resolution forms we provide, confirming your company's activities and tax residency status. We supply a detailed guide explaining each section, making economic substance annual reporting for BVI company straightforward.
Even without relevant activities, a nil report confirming this must be filed annually. This BVI economic substance declaration is mandatory under the Economic Substance Act. We handle nil filings as part of our standard compliance service.
Our economic substance reporting BVI service is available for Expanship-managed companies. Companies with other providers can transfer to us, and we'll handle any pending filings during the transition process.
We proactively send reminders before your BVI economic substance reporting deadline, typically six months after your ES financial period ends. Your dedicated relationship manager ensures you never miss a due date.
Yes, after successful submission, you receive a filing completion confirmation as official proof that your BVI substance reporting obligation has been met for the period. This document serves as your compliance record.