On a yearly basis, most Offshore Companies should be renewed with the Authorities. This ensures that the company is kept in Good Standing. Failure to renew your company could incur filing penalties, and the company will be removed from the Register of Companies.
We try to make things as simple as possible for our clients, however if you do have any queries please see our Frequently Asked Questions below:
1. How do I know when my Company is due for renewal?
Although it is the Director of the Companies responsibility to ensure that the Company is kept in Good Standing, we do send regular reminders to ensure that you are made aware that your Company is due for renewal.
The reminders are sent weeks before the Company is due, giving you plenty of time to make any necessary arrangements.
The easiest way to remember the renewal date for most locations is the date of Incorporation. With most locations, the renewal date is the same day of the same month each year.
2. How do I pay my Company Renewal?
Each locations renewal fees can be paid on our website. Once we have received your payment, we will take care of the rest and arrange for the necessary filings to be made.
We are required to obtain some documents for a few locations, however this is all explained on our useful reminder emails.
You can find the renewal service for your location on this page and select the ‘buy now’ button to pay for the renewal. It is that easy!
3. What happens if I don't pay the renewal in time?
If the renewal payment is not made in time, then penalties will occur. When you are ready to pay the renewal, please contact us. We can then look into the costs involved.
With some locations, the Registered Agent may resign from the Company if the renewal fees are not paid, which will mean that the Company is no longer in Good Standing and will result in eventual strike off.
4. I no longer require my Offshore Company - Do I need to pay my renewal fee?
You certainly don’t need to pay the renewal fees if you do not require the Company anymore.
Please inform us if this is the case, as you may need to pay a small fee to strike the Company off, as with some locations you are not able to leave a Company to be automatically Struck Off the register.
If you do still have any questions, please contact us. A member of our offshore team will be more than happy to assist you.
Testimonial
"I am very impressed with the service that CFS provided for the setup of my Seychelles Company. They made the process very easy and straight forward. I would recommend using CFS"
Individual, Norway
