Economic Substance Filing
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Why Do Companies Get Penalized or Struck Off?
Failure to maintain a Registered Agent/Address
What Is a Renewal Service?
A Renewal Service ensures your company remains in good standing by meeting all annual compliance requirements set by the relevant authorities.
Maintaining your company’s active status is essential to continue operating your business, sustaining bank accounts, and executing contracts without interruption.
This service covers:
- Ongoing compliance with jurisdictional requirements
- Maintenance of good standing status
- Continuity of business and banking operations
As each jurisdiction has its own renewal timeline, we proactively track your deadlines and provide timely reminders—helping you stay compliant and avoid unnecessary penalties.
What’s Included in Our Company Renewal Service
Reminder emails/letters about the annual Renewal due date.
Inform any news/legal requirements asked by the Government.
Provision of Company Secretaries, Registered Address.
Preparation, filing and payment of Government fees.
All updated statutory documents and compliance confirmations, tailored to each jurisdiction’s requirements, will be promptly delivered upon successful completion of the renewal process.
Renewal Timing
Renewal deadlines vary depending on the jurisdiction and regulatory requirements where the company is incorporated.
Below are common examples:
Seychelles, Hong Kong, Singapore
→ Based on the company’s incorporation anniversary date
Bahamas, Cayman Islands
→ Due on 31 December each year
BVI (British Virgin Islands)
→ 31 May (next year) for companies incorporated between 01 Jan – 30 Jun
May 31
→ 30 November (next year) for companies incorporated between 01 Jul – 31 Dec
Legal action against non-renewal company
Non-payment of annual renewal fees will incur severe late penalties, legal consequences and at risk of frozen bank account.
How It Works
1
Renewal Monitoring
Renewal deadlines are tracked based on the applicable jurisdiction and regulatory requirements.
2
Advance Notification
Upcoming renewal obligations are notified in advance to avoid late filings or penalties.
3
Service Confirmation
Required services and renewal scope are confirmed before proceeding.
4
Payment Processing
Renewal fees are settled in accordance with the confirmed services.
5
Filing & Submission
Renewal filings and statutory submissions are completed with the relevant authorities.
6
Status Update
Company status is updated and confirmed upon successful renewal.
Company Renewal Services Fee
| Fee Component | Description |
|---|---|
| Government Fee | Official annual renewal fees charged by the relevant authority to maintain the company’s good standing within its jurisdiction. |
| Service Fee | Professional service fees covering renewal processing, compliance checks, document preparation, & coordination with the authorities. |
| Local Director Fee (if applicable) | Fees for providing and maintaining a local director, where required by specific jurisdictions to ensure regulatory compliance. |
