You can request for a company search to be performed
at the BVI Companies Registry to determine the status of your BVI offshore
company. Prices for this services varies among service providers. There are
several possible statuses your offshore company could have. It could be, in Good
Standing, Not in Good Standing, Struck Off or Dissolved / Liquidated.
In Good Standing means that all the government fees due from the company has
been paid. Not in Good Standing means that the latest annual renewal fee has not
been paid on time and a government late payment penalty applies. Struck Off
means that the company has not paid its annual renewal fee in over five (5)
months past the BVI Registry's due date. A government restoration fee
would now apply. Dissolved means that the company was liquidated and no longer
exists as an active BVI offshore company.
Clients prefer to get the status of their offshore company independently when
they do not trust that their BVI service provider has been paying the government
If you have any questions about the above, send us an email.