BVIAs an offshore company, the company is subject to the international commercial law of "no tax on non-local operations", regardless of its locationBVINo matter how much profit there is abroad, there is no need toBVIThe government pays a penny in taxes without having to be an auditor; However, it is required to pay the annual government fee every year, otherwise the company will be automatically cancelled and the bank account will be frozen.
Face a fineFailure to pay the annual fee and submit documents on time will result in delays and penalties.
delistingThe company will be expelled by the government if it does not have an annual inspection after one year.
Take responsibilityDirectors and shareholders may be liable accordingly.