Isle of Man Company Restoration Fees

Company Restoration Process

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

  • Pay all of the annual government fees it would have paid as if it had remained active
  • Pay the government restoration fee to the IOM Registry
  • Payment of all unpaid Registered Agent fees

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

The process to restore will take 10 to 12 weeks, as two sets of 30 day notices are required to be published in an Isle of Man newspaper.

All outstanding statutory filings will need to be brought up to date including the payment of any unpaid filing fees.

Company Search £120

The restoration fee with the registry is £1185

Fiscal’s fee with respect to the preparation of documents and filing the application to restore the company £1500

Newspaper advertising 2 x £300

Provision of new Registered Office inclusive of registered agent £1500 - £2000

Set-up of company, review of all client due diligence documents £200

Our fee £600

typical filing fees and fines:

Filing of the 2016 Annual Return £120
Government filing fee £380
Government late filing fine £250

Filing of the 2015 Annual Return £120

Government filing fee £380
Government late filing fine £250

 

Have any Tax Returns been completed for the Company? It would be usual for the Assessor’s Office to require confirmation that the company’s tax returns are brought up to date. Which will mean the preparation of Financial Accounts and Tax Returns for the year ended 31 December 2016 and 31 December 2015.

There will also be late filing fines with respect to the tax returns.

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

Transferring Registered Agent

A IOM 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.

 

Ask System Day
only required if you wish us to call you back
Isle of Man Company Restoration Fees
  • IOM Restoration fees
  • Registry Application fee - £1185
  • Annual Return late fine - £630
  • Late fees for other documents - £250
  • IOM Agent Restoration Fee around £2000
  • Newspaper notices – around £300
  • Our Fee £800