We can restore a Seychelles company after it has been struck off by the Seychelles Financial Services Authority.
Non-payment of annual government fees will cause a Seychelles company to lose its Good Standing status and it will be struck off the register. Struck off Seychelles IBC companies can be restored on payment of outstanding licence fees, filing of annual returns, penalties to the registry and the company restoration fee.
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. When we have restored you company an Apostilled Certificate of Good Standing can be ordered for your Seychelles company.
A company that has been struck off the Register remains liable for all claims, debts, liabilities and obligations of the company, and the striking-off does not affect the liability of any of its shareholders, directors, officers or agents.
Once your Seychelles company is restored, it is required to have a Registered Office which we will provide, we can also provide a company secretary service.
Late payment of the government filing fees in the Seychelles will result in a 50% late penalty fee, if the payment is over 90 days late, after this period the Seychelles Registrar of Companies will proceed to strike-off your company from the Registry for non-payment of the fees.
If the name of a company has been struck off the Register the company, or any person having an interest in the company may within 12 years immediately following the date of striking off, apply to the court to have the name of 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:
When all the fees are paid the Registrar shall restore the name of the Seychelles company to the Register and upon restoration the name of the company shall be deemed never to have been struck off the Register.
Where the Seychelles company is struck off the Register under section 272 and remains struck off continuously for a period of seven years, it is dissolved with effect from the last day of that period.
An application to restore can be made to the Court within seven years of the dissolution of a Seychelles company under the International Business Companies Act.
Under the Ammended Seychelles Companies Act IBC companies must file the directors register which, can be selected to be kept private. There are fines and penalties if this is not filed.
Failure to comply result in the following penalty and additional fine for each day of non compliance.
On 30 November 2018 the following amendments were introduced to IBC Act 2016:
The term for the restoration of IBCs after striking off was increased from 5 to 7 years.
From now on Court restoration of IBCs is possible within 12 years after the striking off.
IBCs may be restored in an administrative procedure, i.e. by the Registrar without Court engagement, if such IBCs are struck off by the Registrar due to non- compliance.
We can restore your Seychelles company and transfer the registered agent to ourselves.
For us to arrange the transfer and restoration of the Seychelles company we would need the following: