Most offshore Companies should be renewed with the authorities where the company is registered on a yearly basis to ensure that the company is kept in good standing.
The yearly renewals will cover the government fees, the registered office fees and registered agent fees for the company.
If you fail to pay for the yearly renewal, then penalties may occur and the company could potentially be removed from the register.
To help take away the pressure of remembering the yearly renewals, we do send courtesy reminders in plenty of time to arrange the payment for the renewal. However, please note that it is the Directors responsibility to ensure that the Company is in good standing.
If you have an offshore company that was formed through us and it is due for renewal then please click here.
If you have any questions or would like to discuss the renewals further, please contact us here.