BVI Company Restoration Fees

Company Restoration Process

In order for a struck off company to be restored by the BVI Registry the following fees must be paid:

  • Pay all of the annual government fees and penalties as if it had remained active
  • Financial Services Commission legal costs - $1000
  • Payment of all unpaid Registered Agent fees
  • BVI Legal fees to be paid by the Company, which includes  preparation of documents, filing at High Court Registry, and attending court - $4500 (not required if only recently struck off)
  • BVI agents fee for arranging the restoration will be $450
  • Our fee £400
  • New Registered Office - £320

When all the fees and penalties are paid, the Registrar shall restore the name of the company to the register and upon the restoration the company shall be deemed never to have been struck off.

Indication of Filing Fees and Penalties

Year 2010 (350 plus 50% penalty 175)  $525
Year 2011 (350 plus 50% penalty 175)  $525
Year 2012 (350 plus 50% penalty 175)  $525
Year 2013 (350 plus 50% penalty 175)  $525
Year 2014 (350 plus 50% penalty 175)  $525
Year 2015 (350 plus 50% penalty 175)  $525
Year 2016 (350 plus 10% penalty 35)    $385

Legal Costs & Expenses on Company Restoration

  • obtain a company search
  • obtaining and perusing relevant filings and various related documents
  • drafting and completing the documents necessary for the application
  • drafting the restoration order
  • serving documents and communicating with on the Registrar of Companies
  • advertisement if required
  • filing the application with the Court if necessary
  • attending court hearing

Disbursements or Expenses:

  • outstanding filing fees on annual returns
  • penalty for late filings and other penalties
  • court filing fees
  • filing fees to the Companies Registry on the restoration application

Company Directors and Shareholders

When a BVI company is restored, the previous Directors, Company Secretary, Shareholders and Registered Office are automatically assumed to have continued.

Transferring Registered Agent

A BVI company can only be restored by the registered agent on record or the agent must be changed to a new agent undertaking the company restoration, which we can organise.

Company Restoration Form
Submitting this form does not commit you, we will let you have the fee and time-scale shortly.

 

BVI Company Restoration Fees
  • Registry Application Fee - £1185
  • Annual Return Late Fine - £630
  • BVI Agent Restoration Fee around £500
  • Newspaper Notices – around £300
  • Our Fee - £400