BVI Company Restoration Fees

We can restore your BVI company that has been administratively struck off the Register.

Company Restoration Process

A BVI company which has been struck off the Register but, not yet dissolved can be restored to the Register by an administrative restoration. 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
  • The BVI Financial Services Commission charge a processing fee to check the company filings and calculation the restoration fees and penalties owed to the registry
  • Payment of all unpaid Registered Agent fees
  • BVI agents fee for arranging the restoration
  • Government fees
  • New Registered Office fee for 2018
    Where a BVI company has been struck from the register and remains struck off continuously for a period of seven years, it's dissolved with effect from the last date of that period. 

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.

A BVI company that has been administratively struck from the Register is dissolved 10 years after it was struck off, provided that it has not been restored to the Register in the meantime.

Once a company has been dissolved it can only be restored to the Register by the Court which must first declare the dissolution of the company to be void. An application to Court must be made within a 10 year period following the dissolution of the company. After that, a dissolved company cannot be restored to the Register at all.

BVI Court Restoration

Restoring a BVI company that has been dissolved will require an application to be made to the Court. An application to Court must be made within a 10 year period following the dissolution of the company.

With a Court Restoration BVI Legal fees to be paid by the Company, which includes preparation of documents, payment of Financial Services Commission legal costs, filing at High Court Registry, and attending court (not required if only recently struck off).

After 10 years of being dissolved a company cannot be restored to the BVI Register.

Legal Costs & Expenses on Company Restoration

  • Obtain a BVI company search from the BVI Registry Corporate Affairs
  • 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 in the BVI Gazette - if required
  • File the registers of directors (since March 2017) with the BVI Registry
  • Fling 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 will 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.

 

BVI Company Restoration Fees
  • BVI Government Restoration Fee - US$1500
  • BVI Government fees and penalties per year struck off - US$525
  • Drafting Resolution to appoint new BVI registered agent - £120
  • Filing fee to appoint new registered agent - US$150
  • Certified Documents to the BVI Registry - £70
  • Certified Documents to the BVI Registered Agent - £70
  • Gazette Newspaper Notices - US$75
  • Registered Office and Resident Agent fee per year struck off - £420
  • 3% Transfer fee - for penalties, fees and charges to the BVI - to cover exchange rate changes, bank charges and fees
  • Due Diligence Fee - per Director & Shareholder - £80
  • Company Search - £148
  • Our Assistance Fee to Restore BVI Company from - £1000
BVI Administrative Restoration Timescales
  • Time - 3 weeks to Restore your BVI company
For 2018 the following will be required for the BVI Company
  • Provision of Registered Office and Resident Agent - £420
  • Government Fee - US$450
  • Company Secretary - recommended - £400
  • Directors Register Maintenance - £175
For a Court Restoration there are these additional fees
  • BVI Legal fees to be paid by the Company, which includes preparation of documents, filing at High Court Registry, and attending court US$2500 - US$4500
  • BVI Financial Services Commission court restoration fee US$2500
  • Lawyers Draft Affidavit - Charged at Cost