Annual Renewal Fee

All companies are required to pay an annual renewal fee, commencing the following year after the year of incorporation (formation).

The Annual Renewal Fee includes:

• Annual Government Fee
• Annual Registered Agent and Registered Office Fees

Our company maintains local registered agents and registered offices for all US and UK companies of our clients. We collect clients annual renewal payments according to the schedule listed below, make required annual filings and payments to the local governments. As a result, our clients companies are always in good standing.

If a client does not pay the annual fee by the due date, the company loses its good standing. Such client is not able to obtain a Certificate of Good Standing or any other documents confirming legal existence of the company.

A couple of months after the due date names of non-renewed companies are struck off the Register of Companies. Non-renewed companies may not conduct any business thereafter.

Please be aware, the fact that a company is struck off the Register does not prevent the company from incurring liabilities, or any creditors from making a claim against the company, and does not affect the liability of any of its members, directors and officers. Therefore, when you do not need your company, you should dissolve it.