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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 – US$675 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
  • Transfer in BVI company fee – US$480 = £345

+ 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. 2021 Renewal fees – £1380 – Including:

  • Provision of Registered Office and Resident Agent
  • Government Fee
  • Company Secretary
  • Directors Register Maintenance

Total = £1680 + 2. + 3. + £1600 + £1380

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
  • Transfer in BVI company fee – US$480 = £345

+ 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. 2021 Renewal fees – £1380 – Including:

  • Provision of Registered Office and Resident Agent
  • Government Fee
  • Company Secretary
  • Directors Register Maintenance

Total = £1680 + 2. + 3. + £1600 + £1380

BVI Penalty for Non-Filing of Directors Register – US$5000 – you can read more about it here: https://www.systemday.com/bvi-directors-register/