We can restore a Seychelles company after it has been struck off by the Seychelles Financial Services Authority.
Non-payment of annual renewal fees will cause a Seychelles company to lose its status of Good Standing with the registry and struck off the register. Struck off companies can be restored on payment of outstanding licence fees, penalties and the company restoration fee.
Once your company has been restored to the register it is considered to be in Good Standing and deemed to have never been struck off the Register.
A struck off company is one which has been removed from the Register but has not yet been dissolved. Once a company has been struck off,the company nor any directors or shareholders may carry on any business or in any way deal with the assets or affairs of the company.
A company that has been struck off the Register remains liable for all claims, debts, liabilities and obligations of the company, and the striking-off does not affect the liability of any of its members, directors, officers or agents.
Late payment of the government filing fees in the Seychelles will result in a 10% penalty fee if the payment is up to 90 days late, and a 50% late penalty fee if the payment is over 90 days late. After this period the Seychelles Registrar of Companies will proceed to strike-off your company from the Registry for non-payment of the fees.
If the name of a company has been struck off the Register the company, or any person having an interest in the company may within 3 years immediately following the date of striking off, apply to the court to have the name of the company restored to the Register.
In order for a struck off company to be restored by the Seychelles Registrar the following fees must be paid:
If all fees are paid the Registrar shall restore the name of the company to the Register and upon restoration the name of the company shall be deemed never to have been struck off the Register.
If the company is not restored within 3 years the company is deemed to be dissolved.