Bahamas Company Restoration Fees

Company Restoration Process

In order for a struck off company to be restored by the Bahamas 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 Bahamas registry
  • Payment of all unpaid Registered Agent fees
  • Bahamas Agents fee
  • Registered Office fee

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

Annual fee in respect of a company registered under this Act on 1st January in each year where authorised capital is not more than $50,000 and under $350.

Annual fee in respect of a company registered under this Act on 1st

January in each year where authorised capital is $50,001 and over $1000

If the company is struck off the register for more one year the cost is annual government fee plus 50%.

i.e. $525 plus $100 and for every year company has been off the register, plus $600 government restoration fee.

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

Layers fee likely to cost between $6,000 and $10,000 per IBC, depending upon any objection to the application by the Attorney General Office’s Lawyer, who is likely to appear for the Registrar of Companies.  Further, the Court is empowered to award that a portion of the Registrar’s  cost be paid by the applicant company.   We expect this to amount to $2,000  to $3,500 if no objection is put forward by him. 

Company Directors and Shareholders

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

Transferring Registered Agent

A Bahamas 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
We offer a Company Restoration service and can apply to have your company restored. To enquire about having your company restored to the the register please complete this form.

 

Bahamas Company Restoration Fees
  • Government Restoration Fee - US$1000
  • Government Restoration Penalty Fee - US$100 per year
  • Drafting Resolution to appoint new Bahamas registered agent - £120
  • Filing fee to appoint new registered agent - US$150
  • Annual Filing Fee - US$350 (plus US$175 overdue fine per year)
  • Court Fee - US$1000
  • Bahamas Lawyers Fee - US$7500
  • Registered Office Annual Fee - £800
  • 3% Transfer fee - for penalties, fees and charges to the Bahamas - to cover exchange rate changes, bank charges and fees
  • Due Diligence Fee - per Director & Shareholder - £80
  • Company Search - £220
  • Our Assistance Fee to Restore Bahamas Company - £1200