BVI Company Restoration fees
These companies will now be required to restore via the courts. Below is a breakdown of the court fees:
- Our professional fee for assisting with restoration is $1000.
- The estimated legal fees are $5500.00, which includes disbursements.
- FSC legal fee is $1,000
- Registry fee for court restoration for companies struck within one year is $2,000 and application fee for restoration of $400.
- Registry fee for court restoration for companies struck over one year is $4,000 and application fee for restoration of $600.
- Any outstanding renewal fees, which can be determined by a company search if the client is not aware.
- Appointment of Agent fee $300.
Please note that the legal fee will increase if there are unexpected difficulty and delays in the matter.
The process for this type of application is as follows:
A shareholder/member or director must swear an affidavit stating the circumstances surrounding the non-payment of fees and stating that the company has assets and or is operating. Please note that the affidavit will be drafted by the lawyers when the information is provided by you, but the Affidavit must be sworn at the country of residence of the member or director.
A copy of the Register of member/director to support above is required.
A copy of the Title of property or bank statement to show that the company has assets is required.
A copy of the Registry search which shows struck off dissolved status is required.
A copy of the Certificate of Incorporation is required.
After the company is restored by the lawyer, we will then proceed to file the Appointment of Agent to bring the company under our management.
- Our Service fee for the Restoration – including liaising with the Financial Services Commission and the BVI Registrar of Companies: £2000
- Registry application fee: US$600
- Registry restoration fee: US$4000
- Financial Services Commission legal costs: US$1000
- Legal fees, filing at high court and attending: US$5000
- Penalty for failure to file copy of register of directors – up to US$5000
- BVI Government fees and penalties per year: US$675
- Compliance + BOSSS statutory filing fee (filing Economic Substance with the International Tax Authorities): US$750
- Resolution to change the new BVI Registered Office and Registered Agent: US$150
- Resolution to appoint the new BVI Registered Office and Registered Agent: US$150
- Registry filing fee to file the Register of Directors: US$100
- Registry filing fee to appoint new Registered Agent: US$150
- Transfer in BVI company fee: US$480
- Obtain a Company Search from the BVI Registrar of Corporate Affairs to check company file & filings: £60
- BVI registry form R303 fee: US$150
- Registered Office and Resident Agent fee per year struck off: £560
- Annual Directors Register Maintenance: £180
- Due Diligence– per Director & Shareholder: £80
- Calculation of the outstanding fines and penalties notice by the BVI Registrar: £75
- Seal and pliers for Seal Impression: £80
- 2% Transfer fee – for penalties, fees and charges to the BVI – to cover exchange rate changes, bank charges and fees
- BVI Financial Services Commission Restoration fee: US$2500
- High Court filing disbursements, and they may be more depending on the number of documents in total: US$2,090
BVI Directors Register Penalty
If your BVI company failed to file its Register of Directors before March, 2017 penalties apply, the penalty fee is US$5000.
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Our professional fee for assisting with restoration is $1000.
The estimated legal fees are $5500.00, which includes disbursements. The lawyer will charge a separate fee of $1500 to engage the registered agent to collect the documents in order to proceed.
FSC legal fee is $1,000
Registry fee for court restoration for companies struck within one year is $2,500 and application fee for restoration of $500.
Registry fee for court restoration for companies struck over one year is $4,600 and application fee for restoration of $750.
any outstanding renewal fees.
The court will need to know the reason(s) why the company was placed into voluntary liquidation and the reason(s) for terminating the liquidation.
This application may be made by the voluntary liquidator, director, member or creditor of the company. The said person will have to provide an affidavit in support of the liquidation.
The following will also be required by the lawyer:
- Certificate of Incorporation;
- Memorandum and Articles of Association;
- Proof of the current status of the Company. A print out from VIRRGIN shall suffice.
Once the application is granted the company will be restored in good standing.