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BVI Business Companies Annual Financial Return (AFR) – a guide
As noted in our previous updater, amendments to the BVI Business Companies Act (Revised) came into force on 1 January 2023 introducing the requirement for BVI companies to file an annual financial return (AFR) with their registered agent. The BVI Business Companies (Financial Return) Order, 2023 (the Order) enacted in March, details (1) the form of the AFR, (2) the due and filing dates, and (3) entities exempted from filing the AFR.
We provide a comprehensive guide to the AFR requirements and what BVI companies need to know in order to be ready to prepare their AFR.
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Marbury specialises in assisting global clients establish and conduct their business in Asia Work visas are required in most countries where you are not a resident before you can take up any form of work (including unpaid voluntary work). For visa requirements in Hong Kong, Marbury can help you navigate the application procedures with an expert team dedicated to visa processing. We ensure professionalism, expertise and consultative advice when handling your case, boasting a 100% approval success rate. Marbury will assist you in processing and finalising the visa efficiently on your behalf. The most commonly processed visas are listed below, but we can help with the full range of visa applications. Hong Kong Employment Visa General Employment Policy (GEP) Admission Scheme for Mainland Talents and Professionals (ASMTP) Hong Kong Business Investor Visa Hong Kong Dependent Visa Who can apply? Documents need to be submitted by the applicants: Documents to be submitted by the sponsor: Note: In the case of built-in applications, where both the sponsor as well as the dependent are applying at the same time, it may not be possible for the sponsor (ie principal applicant) to furnish certain details like salary slips or rental receipts. In such cases, the principal applicant’s sponsor should provide affirmation by furnishing a copy of the principal applicant’s employment contract stating salary, benefits etc, or any other document that demonstrates the principal applicant’s ability to support his/her dependents.All documents submitted must be in English or Chinese or translated into English or Chinese by a certified translation body. The Immigration authorities reserve the right to demand further documents from the applicant or sponsor as and when necessary. Hong Kong Visa Extension Contact Us