Seychelles Company Restoration
We can restore a Seychelles company after it has been struck off by the Seychelles Financial Services Authority, within 12 years following the strike off date and apply to the court to have the company restored to the Register.
In order for a struck off company to be restored by the Seychelles Registrar the following fees must be paid:
- Overdue Government licence fees
- Penalty fees owed to the Seychelles registry
- Seychelles Restoration Fee
- Payment of all unpaid agent fees
- All Accounts Records will need to be drafted and filed.
- Filing fees to the Companies Registry on the restoration application
- As per the IBC Act of 2016 the IBC will need to during restoration file their directors register with the registry to ensure that they are compliant once restored
Once your company has been restored to the register it is considered to be in Good Standing and deemed to have never been struck off the Register.
Seychelles Company Restoration fees
| Seychelles Company Restoration fees | |
|---|---|
| Our Assistance fee to Restore Seychelles Company | £960 |
| Seychelles Government Restoration fee | US$600 |
| Seychelles Government annual fees and penalties per year struck off | US$570 |
| Amendment of Articles | US$150 |
| Amendment of Memorandum | US$150 |
| Filing Register of Directors | US$100 |
| Filing of Register of Beneficial Owners | US$50 |
| Resolution and Filing Fee to new Seychelles Registered Agent | £255 |
| Drafting and filing each annual return | £120 |
| Certified Documents to the Seychelles Registered Agent | £80 |
| Gazette Newspaper Notices | US$75 |
| Registered Office and Resident Agent fee per year struck off | £420 |
| Due Diligence fee – per Director & Shareholder | £80 |
| Company Search | £188 |
| Court fee if necessary, around | US$4000 |
| Certificate of Good Standing | £100 |
| 2% Transfer fee – for penalties, fees and charges to the Seychelles – to cover exchange rate changes, bank charges and fees |
Late payment of the government filing fees in the Seychelles will result in a 50% late penalty fee.
Seychelles Administrative Restoration
The Registrar can now restore dissolved IBCs without the need to apply to Court. An application to restore the name of a struck off or dissolved company to the Register may be made to the Registrar within one year of the date of the striking off and within five years of the date of dissolution.
The Registrar shall not restore the name of a company if the Registrar is not satisfied that the company is in compliance with its obligations —
- Under the IBC Act relating to accounting records, register of members and directors; and
- Under the Beneficial Ownership Act, 2020 relating to register of beneficial owners.
Seychelles Company Restoration procedure
- Obtain a Company Search report
- 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 the Registrar of Companies
- Advertisement – if required
- Filing the application with the Court if necessary
- Attending Seychelles Court Hearing
Disbursements and Expenses:
- Outstanding filing fees on annual returns
- Penalty for late filings and other penalties
- Court filing fees
- Under the IBC Act of 2016, all active IBC need to file their directors register with the registry to ensure that they are compliant
- Filing fees to the Companies Registry on the restoration application
Seychelles Court Restoration
Under Seychelles law the company having been struck off for 7 years, the company is dissolved.
Companies which are struck off, but not yet dissolved is restored by the Registrar upon receipt of payment of restoration fee and annual fees and penalties for the outstanding years.
When the company is already dissolved, restoration of the company is by the Court, under S.277 of IBC Act 2020.
The lawyer’s fees are $4000 to represent the company in the Court .The Court decision can take up to 9 months.
Company Directors and Shareholders
When a Seychelles company is restored, the previous Directors, Company Secretary, Shareholders and Registered Office are automatically assumed to have continued and shall be deemed never to have been struck off.