The annual compliance filing must be submitted within 12 months of the entity’s financial year-end. For most Bermuda exempted companies whose financial year ends on December 31, the filing deadline is December 31 of the following year. Missing this deadline attracts a first-instance penalty of BMD $10,000, escalating to BMD $100,000 for continued non-compliance, with potential strike-off of the entity from the Bermuda register.