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Overview

Company strike-off 

Company strike off, also referred to as Dissolution, is the process by which a Company is removed from the Registrar. 

There are many who would like to dissolve a company after they have completed their business goals, or who do not want to use a company anymore for some reason. Setting up companies seems to be simple, but when you dissolve them, you need to fulfill all your duties with the incorporated jurisdiction. Depending on the jurisdiction which the process can be complex as well as time-consuming. 

However, some jurisdictions requiring a tax declaration: Hong Kong, Singapore, the US or the UK, etc the procedure is much more complicated, Accounting and Auditing report and other relevant documents must be submitted to the Registrar before the dissolution. Please refer to the Company Strike Off Processing or you can contact us for more information.

Company restoration

We can apply to get your company restored if it was struck off the register and dissolved by the Companies Registrar.

Our experience ensures you stay ahead of legal requirements that can impact your company. You can apply for a company restoration if you were a director or shareholder of the company.

How it works

Step 1
Choose the jurisdiction you have incorporated

Choose the jurisdiction you have incorporated

  • Choose the jurisdiction you have incorporated.
  • Provide information of the company and required documents.
Step 2
Pay for the services

Pay for the services

  • Pay for the services you have ordered.
Step 3
Strike-Off

Strike-Off

  • We will file the Strike-Off

Fee Schedule

Company Strike Off Fee Schedule

Country Time frame Fee
United Kingdom United Kingdom 2-3 months US$ 350
Hong Kong Hong Kong 5-6 months US$ 499 
Note: The company must be in good standing in order to proceed with the liquidation.
Seychelles Seychelles 2 months US$ 1,600
St. Vincent - Grenadines St. Vincent - Grenadines 2-3 weeks US$ 850
Belize Belize 2 months US$ 1,600
Anguilla Anguilla 6-9 weeks US$ 1,950
Note: The company must be in good standing in order to proceed with the liquidation.
Delaware Delaware 2-3 weeks US$ 800
British Virgin Islands British Virgin Islands 6 weeks US$ 1,600
Note: The company must be in good standing in order to proceed with the liquidation.
Vanuatu Vanuatu 3-4 months US$ 898
Panama Panama 2 months US$ 1,200

Company Restoration Fee Schedule

Country Time frame
(From the Closing date of the Company)
Fee
Seychelles Seychelles Under 6 months US$ 850
Seychelles Seychelles Over  6 months US$ 1,150
St. Vincent - Grenadines St.Vincent Under 6 months US$ 930
Marshall Islands Marshall Islands Under 6 months US$ 1,025
Belize Belize Under 6 months US$ 1,150
Belize Belize Over  6 months US$ 1,650
Anguilla Anguilla Under 6 months US$ 825
Anguilla Anguilla Over  6 months US$ 1,125
FAQs

FAQs

1. Can any company apply for deregistration?
Yes, any type of company formed/incorporated by Offshore Company Corp in any jurisdiction can apply for deregistration/strike-off.
2. What are the general conditions and requirements for a company to make an application for deregistration/strike-off ?

The company must meet the following conditions before making an application for deregistration/strike off.

  • All the members of the company agree to the deregistration.
  • The company has not commenced operation or business, or has not been in operation or carried on business during the 3 months immediately before the application.
  • The company has no outstanding liabilities.
  • The company is not a party to any legal proceedings.
  • The company has obtained a Notice to Authority/Company Registry.
3. Do I need to file all outstanding Annual Returns before delivering the application for deregistration ?

Yes. A company is required to file Annual Returns and observe its obligations under the Companies Ordinance until it has been dissolved. Failure to do so will make the company liable to prosecution.

4. How can I restore a deregistered company?
An application for the restoration can be made to the Court of First Instance or Withdraw. Offshore Company Corp can help you do it!
5. What are the differences among terms deregistration, striking off and winding up ?

Winding up is the process of settling the accounts and liquidating the assets of a company for the purpose of making distribution of the net assets to members and dissolving the company.

Deregistration is A defunct solvent company, it is a relatively simple, inexpensive and quick procedure for dissolving defunct solvent companies.

As for striking off, the Registrar of Companies may strike the name of a company where the Registrar has reasonable cause to believe that the company is not in operation or carrying on business.The company shall be dissolved when its name is struck off the Companies Register. Striking off is a statutory power conferred on the Registrar, a company cannot apply for striking off.

6. How long does it take to strike off a company?
Depending on the jurisdiction you are incorporated in and the status of your business, it normally it takes 1-2 months, but it may be 5 months for companies incorporated in Hong Kong, Singapore and the UK

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