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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 to strike off a company

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

CountryTime frameFee
Hong KongHong Kong6 monthsUS$ 499

The company must be in good standing in order to proceed with the liquidation.

British Virgin IslandsBritish Virgin Islands2 monthsUS$ 2800

The company must be in good standing in order to proceed with the liquidation.

United KingdomUnited Kingdom3 monthsUS$ 350
SeychellesSeychelles2 monthsUS$ 2300

The company must be in good standing in order to proceed with the liquidation.

Delaware (United States of America)Delaware (United States of America)1 monthsUS$ 1050

The company must be in good standing in order to proceed with the liquidation.

BelizeBelize2 monthsUS$ 2300

The company must be in good standing in order to proceed with the liquidation.

United Arab Emirates (UAE)United Arab Emirates (UAE)5 monthsUS$ 3300

The company must be in good standing in order to proceed with the liquidation.

Cayman IslandsCayman Islands3 monthsUS$ 1235

The company must be in good standing in order to proceed with the liquidation.

AnguillaAnguilla2 monthsUS$ 2170

The company must be in good standing in order to proceed with the liquidation.

Marshall IslandsMarshall Islands2 monthsUS$ 1200

The company must be in good standing in order to proceed with the liquidation.

Saint Vincent and the GrenadinesSaint Vincent and the Grenadines2 monthsUS$ 1500
GibraltarGibraltar3 monthsUS$ 2000
PanamaPanama2 monthsUS$ 1900

The company must be in good standing in order to proceed with the liquidation.

Saint Kitts and NevisSaint Kitts and Nevis2 monthsUS$ 1200

The company must be in good standing in order to proceed with the liquidation.

VanuatuVanuatu3-6 monthsUS$ 1200

Company Restoration Fee Schedule

CountryTime frame
(From the Closing date of the Company)
Fee
Hong KongHong Kong
Contact for more details
British Virgin IslandsBritish Virgin IslandsOver 6 monthsUS$ 2800
The company must complete all duties from the year of struck off. Contact for correct quotation.
Under 6 monthsUS$ 1900
The company must complete all duties. Contact for correct quotation.
United KingdomUnited Kingdom
Contact for more details
The company must complete all duties. Contact for correct quotation.
SeychellesSeychellesUnder 6 monthsUS$ 1050
The company must complete all duties from the year of struck off. Contact for correct quotation.
Over 6 monthsUS$ 1980
The company must complete all duties from the year of struck off. Contact for correct quotation.
Delaware (United States of America)Delaware (United States of America)
US$ 950
The company must complete all duties from the year of struck off. Contact for correct quotation.
BelizeBelizeUnder 6 monthsUS$ 1750
The company must be restored within 5 years.
The company must complete all duties from the year of struck off. Contact for correct quotation.
Over 6 monthsUS$ 2350
The company must be restored within 5 years.
The company must complete all duties from the year of struck off. Contact for correct quotation.
United Arab Emirates (UAE)United Arab Emirates (UAE)
US$ 1100
The company must complete all duties from the year of struck off. Contact for correct quotation.
Cayman IslandsCayman Islands
US$ 2200
The company must complete all duties from the year of struck off. Contact for correct quotation.
AnguillaAnguillaUnder 6 monthsUS$ 1025
The company must complete all duties from the year of struck off. Contact for correct quotation.
Over 6 monthsUS$ 1325
The company must complete all duties from the year of struck off. Contact for correct quotation.
Marshall IslandsMarshall IslandsUS$ 3025
Under 6 months since strike off date
Saint Vincent and the GrenadinesSaint Vincent and the GrenadinesUnder 6 monthsUS$ 1650
The company must complete all duties from the year of struck off. Contact for correct quotation.
FAQs

FAQs

1. 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.

Also read:

2. 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.

3. 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!
4. 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.

Read more:

5. 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

Read more: Strike off company

6. Which document I will get after Strike-off/Dissolve company ?
Provided that your company is solvent properly, you can arrange for voluntary liquidation. It is a formal and complete way of winding-up your company. Upon completion, a Certificate of Dissolution will be issued by the Company Registry.
7. If a offshore (BVI, Seychelles, Belize…) Company was struck off the Register by the Registry of Corporate Affairs due to non-payment of its licence fee, then how long would it take for that company name to be released for re-use ?

A company that is struck-off the Register will be deemed to be dissolved seven years after strike-off. The company name may be reused at any time after the company is dissolved. If the name of the company has been reused in accordance with the Act, the company is restored to the Register with its company number name.

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