A company must be renewed each year to maintain its good standing and comply with the local regulation. Each country has a different obligation on what are required to be renewed for specific company types and industries. Some business document renewal is just simple as paying a flat yearly fee as in the case of business registration. Others might involve a complicated process like business license renewal given trend in local regulation setting higher standards for conducting businesses to adapt to globalization.
Our business renewal service can help you to automate the renewing process with a reminder for notice of related concerns 1-2 months before the due date. Service covers the yearly renewal of followings:
Leverage our local expertise in preparation and fulfillment of annual compliance requirements
We always strive to deliver excellent services as we highly value long-term sustainable relationships with our clients
With a wide range of corporate services, we can easily handle your varied business needs with confidence
A reminder for company renewal with attached invoice and payment link will be sent to your email one month before the expiry date.
Upon receiving payment, we will send the necessary documents for you to sign.
After completing your business renewal with local authorities, we will notify and send you updated business documents.
| JURISDICTIONS | FIRST YEAR FEE | ANNUAL FEE | PACKAGE DETAILS | |
|---|---|---|---|---|
| Africa | Mauritius (AC) | 1,999 | 1,849 | See more |
| Seychelles | 599 | 579 | See more | |
| Americas | Anguilla | 899 | 859 | See more |
| Bahamas | 1,539 | 1,459 | See more | |
| Belize | 639 | 699 | See more | |
| British Virgin Islands | 1,099 | 1,059 | See more | |
| Caymand Island (Exempt) | 3,299 | 3,099 | See more | |
| St. Kitt and Nevis | 1,099 | 1,149 | See more | |
| Panama | 1,249 | 1,149 | See more | |
| St. Vincent and Grenadines | 1,099 | 999 | See more | |
| Asia | Hong Kong | 799 | 739 | See more |
| Ras Al Khaimah | 2,699 | 2,520 | See more | |
| Singapore | 2,499 | 2,390 | See more | |
| Europe | Cyprus | 2,650 | 2,399 | See more |
| United Kingdom | 699 | 639 | See more | |
| Jersey | 1,259 | 1,190 | See more | |
| Ocenia | Marshall Islands (IBC) | 929 | 859 | See more |
| Samoa | 929 | 899 | See more | |
Get to know more about company renewal service with frequently asked questions.
It depends on the local regulation, and usually falls within 1 month before the anniversary of incorporation.
The company renewal package includes one-year renewal for:
In addition, you will be able to utilize our full support from corporate secretary service.
One month before the due date, a reminder will be sent to your inbox with invoice and payment link. You can settle payment via:
If you want to reserve your company for later use, you can apply for dormant status, which allows your company to exempt from certain annual requirements.
There is a separate legal process in each country that governs voluntary company dissolution. Discontinuing your company by not paying the annual fee will lead to accumulated government penalties and company struck-off.
Final Rules of BVI Economic Substance Released
For those who are BVI legal entities, it should be noted that amendments have been made on The Economic Substance (Companies and Limited Partnerships) Act, 2018 (ESA) which was enacted in the British Virgin Islands on 31 December 2018 and came into effect on 1 January 2019.
