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)
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.