Maybe. You can lower the annual renewal fee of your BVI offshore company by doing certain things. First, you can evaluate how you have used your BVI company and decide if you still need optional services such as Nominee Director, Mail Forwarding, Etc. Sometimes in the beginning you believed that you needed these services and now they are irrelevant or past the time of their usefulness.
Next, you can ask the BVI registered agent of your BVI company for a discount off their registered agent's fees. Your chances of getting a discount are better if you have a good relationship with the BVI registered agent of your offshore company. If you never ask, then it is unlikely that you will ever get a discount. Discounts are not always available.
If you have any questions about the above, send us an email.