What is penalty fee If I fail to pay renewal fee in due course?

BVI Companies incorporated between January 1st to June 30th-

Fund must be credited to our account for payment to the Registry before 31/ May deadline to avoid penalties below

• June 1st- July 31st-10% Penalty
• * August 1st – October 31st – 50% Penalty
• * November 1st- STRUCK OFF/ 50% Penalty+ Restoration fee $825 (Standard capital)
• February 1st – RESTORATION FEE USD 1125 (standard capital)

BVI Companies incorporated between July 1st to December 31st 

Fund must be credited to our account for payment to the Registry before October 30th deadline to avoid penalties below

• * December 1st – January 31st – 10% penalty
• * February 1st- April 30th – 50% penalty
• May 1st- STRUCK OFF/50% penalty + RESTORATION FEE $825 (standard capital)
• August 1st- RESTRORATION FEE USD 1125 (Standard capital)

It is the responsibility of all clients to ensure that payments are made to us in a timely manner thus keeping the companies in good standing with the BVI Government 

Read more: 

• British Virgin Islands offshore company
• Doing Business in British Virgin Islands