It depends on the local regulation, and usually falls within 1 month before the anniversary of incorporation.
Staying compliant with business renewal service
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:
- Business registration certificate.
- Local registered company secretary.
- Local registered address.
- Unlimited company secretarial service.
What we can help you with
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
Go beyond renewal
With a wide range of corporate services, we can easily handle your varied business needs with confidence
How it works
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|
|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|
|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|
|United Kingdom||699||639||See more|
|Ocenia||Marshall Islands (IBC)||929||859||See more|
Get to know more about company renewal service with frequently asked questions.
1. When should I renew my company?
2. What are covered in the annual company renewal fee?
The company renewal package includes one-year renewal for:
- Business registration certificate
- Registered company secretary
- Local registered business address
In addition, you will be able to utilize our full support from corporate secretary service.
3. How can I pay for renewal fee?
One month before the due date, a reminder will be sent to your inbox with invoice and payment link. You can settle payment via:
- Online credit/debit card
- Paypal account
- Bank transfer with invoice number.
4. Is it legal to discontinue my company by not paying annual fee?
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.