NetIncorp.com Corporation
       
Specialist in British Virgin Islands (BVI) Company Formations
We provide BVI offshore company formations and related services to clients worldwide. We are specialist in tax exempt BVI Companies. All aspects of the incorporation and post incorporation process can be completed on-line and via email. Professional personnel are available to help you on-line and off-line.
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Offshore Company Land NewsLetters?


 

I have not paid to renew my BVI Offshore Company. What will it cost to restore the company to good standing?
Staff writer: NetIncorp.com
Sept. 2012


It will cost more than you expect. In certain circumstances it is not worth it to restore the company. You will make this determination after you receive the restoration price quote. Only the current BVI Registered Agent of your company can arrange for the restoration. The BVI company cannot be transferred before the restoration of the company. 

The cost to restore the company is determined by the length of time the company has not paid to renew. The restoration fee involves the following items:

Annual Renewal Fees for each year not paid.
Government Late Payment Penalty for each year not paid.
Government Restoration Fee.
Service fee for attending to the restoration.
Certificate of Good Standing (optional)
Courier fee.

We cannot provide specific numbers because government fees increase depending on the amount of time that has passed in relation to each year's renewal. For example - If you did not pay the 2011 and 2012 renewal for your BVI company, the government late payment penalty would be higher on the 2011 renewal fee. The same thing applies to the government restoration fee. The fee depends on the length of time the company has been struck-off by the BVI Companies Registry for non-payment of the renewal fees.

Before we would proceed with a restoration, we would request updated due diligence in relation to the BVI Company. 

If you have any questions about the above, send us an email.

      


NetIncorp.com Corporation