We will start by checking the BVI gazette’s to see whether the company has been struck off the Register.
Administrative Restoration Cost
(restoring a company within 7 years of it being struck off from the Registry)
1. Compliance and Due Diligence fees – £1680 – this includes:
- BVI Registry Company Search
- Outstanding fees & penalties notice
- Due Diligence for each director, shareholder and the Ultimate Beneficial Owner
- Director Register Drafting and Filing fee
- Beneficial ownership secure search system filing fee
- Economic Substance Administrative and compliance fee
- Economic Substance legal assessment fee
- Gazette Notices
+ 2. Registry and Penalty fees – variable – Including
- BVI Financial Services Commission – Restoration fee – US$1500
- BVI Financial Services Commission – Late Filing Penalty fees – 50,000 or less Share capital = US$675 per year since Inactive / more than 50,000 share capital US$1,800 per year since Inactive
- Resolution to change BVI Registered Office and filing fee – US$150
- Resolution to appoint BVI Registered Agent and filing fee – US$150
- 2% Bank transfer fee – for penalties, fees and charges to the BVI to cover exchange rate, bank charges and fees
+ 3. BVI Registered Office fees – variable – Including:
- BVI Registered Office – outstanding fees for previous years – £480 per year
- Economic Substance fee, from 2020 – £450/year
Transfer in BVI company fee – US$480 = £435
+ 4. System Day Ltd fees – £1600 – Including:
- Our service fee
- Liaising with the Financial Services Commission and the BVI Register of Companies
- Certifying documents for the BVI Registry, articles, shareholders, directors
+ 5. 2022/2023 Renewal fees – £1603 – Including:
- Provision of Registered Office and Resident Agent – £480
- Government Renewal Fee – (US$575) – £498
- Economic Substance Filing Fee – £450
- Shareholder & Directors Register Maintenance – £175
Total = £1680 + 2. + 3. + £1600 + £1600
BVI Penalty for Non-Filing of Directors Register – US$5000 – you can read more about it here: https://www.systemday.com/bvi-directors-register/
Court Restoration Cost
Restoring a company with Dissolved status, within 10 years of being Dissolved.
1. Compliance and Due Diligence fees – £1680 – this includes:
- BVI Registry Company Search
- Due Diligence for each director, shareholder and the Ultimate Beneficial Owner
- Director Register Drafting and Filing fee
- Beneficial ownership secure search system filing fee
- Economic Substance Administrative and compliance fee
- Economic Substance legal assessment fee
- Gazette Notices
+ 2. Registry and Penalty fees – variable – Including
- BVI Financial Services Commission – Restoration fee – US$2,500
- BVI Financial Services Commission – Late Filing Penalty fees – US$675 per year since last paid
- BVI Financial Services Commission Legal costs – $1,000
- Resolution to change BVI Registered Office and filing fee – US$150
- Resolution to appoint BVI Registered Agent and filing fee – US$150
- 2% Bank transfer fee – for penalties, fees and charges to the BVI to cover exchange rate, bank charges and fees
+ 3. BVI Lawyer & Registered Office/Agent fees – variable – Including:
- BVI Lawyers fees on Account – $4,500
- Drafting registry forms, meetings
- Restoration work
- Liaising with the Financial Services Commission and the BVI Register of Companies
- BVI Registered Office – outstanding fees for previous years – £480 per year
- Economic Substance fee, from 2020 – £450/year
Transfer in BVI company fee – US$480 = £435
+ 4. System Day Ltd fees – £1600 – Including:
- Our service fee
- Liaising with the Financial Services Commission and the BVI Register of Companies
- Certifying documents for the BVI Registry, articles, shareholders, directors
+ 5. 2022/2023 Renewal fees – £1603 – Including:
- Provision of Registered Office and Resident Agent – £480
- Government Renewal Fee – (US$575) – £498
- Economic Substance Filing Fee – £450
- Shareholder & Directors Register Maintenance – £175
Total = £1680 + 2. + 3. + £1600 + £1603
BVI Penalty for Non-Filing of Directors Register – US$5000 – you can read more about it here: https://www.systemday.com/bvi-directors-register/