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Renew Company Registration and License

OVERVIEW

The annual renewal fees are the annually recurring government and professional fees that your company must pay in order to continue and maintain the company in good legal standing as per the laws of the state of registration.

Scope of services:

Provision of one additional year of registered address services

Preparation and filing of annual returns

Provision of one additional year of company secretary services

Payment of the annual registry fees to the authorities and/or registered agent fees

File review and update

Provision of SFM account manager for the full year

**Updated documents such as renewed business license, filed annual return, confirmation receipt, may only be available after the completion of the renewal.

Failure to pay the annual renewal fees by the due date will result in the company to lose its good standing. Authorities may impose a penalty for late annual fees. The company may be struck off the register after a certain period past the due date, this period is determined by the authorities.

FAQ:

Why are annual renewal fees required?

The annual renewal fees are required in order to maintain your company in good standing and to operate and act on its business activities. All companies are required to pay annual renewal fees in order to maintain its good standing status. Due dates for the annual fee are determined by the jurisdiction in which the company is incorporated in.

What do the annual renewal fees consist of?

Annual renewal fees consist of the following:

Government fee
Registered address and registered agent fee
SFM services fee

What happens if I the renewal fees are not paid?

If a company does not pay the annual renewal fees by the due date, it loses its good standing, and the bank may close its bank account at any time. Authorities may impose a penalty for late annual fees. Also, the company may be struck off the register after a certain period past the due date, this period is determined by the authorities

How do I pay the annual renewal fees?

Payment can be made either by credit card or bank transfer. Cash payments can also be made at our offices, if you find this convenient

How should I properly discontinue usage of the company?

The proper procedure for discontinuation of a company is a voluntary liquidation. For more info please visit our link below:
https://www.sfm.com/company-dissolution

Jurisdiction Renewals

Jurisdiction

Renewal Due date

Penalty in case of late renewal

Anguilla

Anniversary date

EUR 50

1-3 Months after anniversary date

EUR 100

3-6 Months after anniversary date

EUR 600

Restoration fees – Applicable 6 months after the anniversary due date

Bahamas

Anniversary date

EUR 50

After the anniversary due date

EUR 700

Restoration fees – Applicable as of January 1^st the following year from anniversary due date

Belize

Anniversary date

EUR 50

After the anniversary due date

EUR 600

Restoration fees – Applicable as of January 1^st the following year from anniversary due date

BVI– First semester companies / January - June

Anniversary date

EUR 50

After the anniversary due date

EUR 300

As of August 1^st

EUR 500

Restoration fees – Applicable as of November 1^st of anniversary due date

BVI– 2^nd semester companies / July - December

Anniversary date

EUR 50

After the anniversary due date

EUR 300

As of February 1^st following year

EUR 500

Restoration fees – Applicable as of May 1^st the following year from anniversary due date

Canada

Anniversary date

EUR 50

After the anniversary due date

EUR 400

Restoration fees – Applicable after 1 year from the anniversary due date

Cyprus

Anniversary date

EUR 150

After the anniversary due date

Restoration fees are decided by the registry on a case by case basis

Delaware

May 31^st

EUR 200

As of June 1^st

EUR 300

Restoration fees – Applicable after 2 years from the anniversary due date

Florida

April 30^th

EUR 400

As of May 1^st

EUR 200

Restoration fees

Gibraltar

Anniversary Date

EUR 150

After the anniversary due date

Hong Kong

Anniversary Date

EUR 150

1-3 Months after anniversary date

EUR 250

3-6 Months after anniversary date

EUR 500

6-9 Months after anniversary date
Restoration fees are decided by the registry on a case by case basis

St. Lucia

January 1st

USD 330

15th February - 14th March

USD 360

15th March to 14th April

USD 450

15th April - 31st December

Malta

Anniversary Date

EUR 50.00

42 days after anniversary date
Restoration fees are decided by the registry on a case by case basis

Marshall Islands

Anniversary date

No late fee penalty on renewal

EUR 500

Restoration fees – Applicable after 1 year from the anniversary due date

Mauritius (Authorized Company):

July 1^st

EUR 400

After July 1^st

Restoration fees are decided by the registry on a case by case basis

Mauritius (GBC 2)

July 1^st

EUR 250

After July 1^st

Restoration fees are decided by the registry on a case by case basis

Nevis

Anniversary date

EUR 150

15 days before the anniversary due date

EUR 500

6 Months after anniversary date

Restoration fees are decided by the registry on a case by case basis

Panama

Anniversary date

EUR 50

After the anniversary due date

EUR 300

Restoration fees – Applicable 2 years after the anniversary due date

Ras al-Khaimah (UAE)

Anniversary date

EUR 100

90 days after anniversary date

EUR 250

120 days after anniversary date

EUR 400

150 days after anniversary date

EUR 500

Restoration fees – Applicable 6 months after the anniversary due date

Samoa

Anniversary date

EUR 100

After the anniversary due date

EUR 350

Restoration fees – Applicable 1^st Feb of following year

Seychelles

Anniversary date

EUR 50

After the anniversary due date

EUR 150

90 days after anniversary date

EUR 350

Restoration fees – Applicable between 3-6 months after anniversary due date

EUR 650

Restoration fees – Applicable 6 months after anniversary due date

Anniversary date

No late fee penalty on renewal

EUR 500

Restoration fees – Applicable after 1 year from the anniversary due date

Vanuatu

Anniversary date

EUR 100

After the anniversary due date

EUR 300

Restoration fees – Applicable after 6 months from the anniversary due date

St Vincent

January 1^st

EUR 50

Per month

EUR 300

Restoration fees – Applicable after 1 year from the anniversary due date

SFM makes company renewal a straightforward process. The annual fees payable by your company not only cover the maintenance and continuous good standing of your company, but also include a dedicated SFM account manager to handle all your queries and ensure compliance with local regulations.

Browse through our jurisdictions list to find the best country or jurisdiction for company formation that will suit your company's unique requirements and business goals.

Each jurisdiction offers unique advantages and our team can help you navigate the many options at your disposal, including advising you on corporate structure and regulatory compliance.