Statements and Reporting Requirements
BVI company law provides minimum obligation to file any returns or reports. BVI BC's are not obliged to prepare or file financial accounts, annual returns or records. Also, there is no requirement to prepare and file financial declarations that are usually associated with income tax reporting. However, the company must keep whatever financial records the Directors feel enough to show and clarify at any time the transactions carried out, and to determine the financial position of the company. It is not required for the company to keep these records only in the British Virgin Islands, and it is not required to file or make publicly available any financial or commercial documentation of the company.