It depends on your needs. If you need to show a
Certificate of Dissolution to a 3rd party as evidence that the company was
dissolved in the BVI, then you would have to do a formal dissolution with the
BVI Companies Registry. If this is not an issue for you then being Struck-Off
for non-payment of the renewal fee may be the option for you.
The cost of a dissolution can range between US$3,500 to US$5,500. The cost
of letting the offshore company be Struck-Off due to non-payment of the renewal
fee is US$0. Which option do you think most clients pick?
However, if your BVI Company was Struck-Off and then you decided to do a formal
dissolution with the BVI Companies Registry you would have to restore
the BVI Company to good standing before filing the
If you have any questions about the above, send us an email.