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Anguilla Annual Renewal Fees
[license fees] [registered agent] [nominee] [mail forwarding] [penalty fees] [striking off registry] Anguilla Companies pay their annual renewal fees according to their incorporation date. Under the IBC Act, the annual fee is payable not later than the last day of the calendar quarter in which the IBC was incorporated. Therefore if a company was incorporated on the 1st of September, the company must pay it's annual renewal fees no later than the 30th of September of the following year. The last day of each quarter is: March 31st, June 30th; September 30th; and December 31st. License Fees:The license fees are set as follows: $200 - if the authorised capital does not exceed $50,000.00 and all the company's shares have par value; $ - if it's authorised capital is less than $50,000, but some or all shares have no par value; $ - if the company has no authorised capital and all shares are of no par value $ - if its authorised capital exceed $50,000.00; Registered Agent Fees:Each registered agent in Belize has its set fee for acting a the registered agent of the company and providing a registered office. Nominee Fees:Depending on the services provided (directors / officers / shareholders), the fees may differ. Mail Forwarding Fees:It is also possible to request additional services, such as mail forwarding, which will incur further monthly or annual fees. Penalty Fees:An IBC that fails to pay the annual fee by the due date will incur a 10% penalty on the government fees. So, where the government fees are $200.00, this will be $20.00. If a further 3 months passes, i.e. the payment was due on the 30th of June, on the 1st of July the 10% penalty was incurred, but on the 30th of September the government fees and penalty have still not been paid, then the penalty fees will increase to 50%. The company has 3 months in which to make this payment, before being struck off. So, to continue the example, if the company anniversary is May, the annual renewal fees are due by the 30th of June. On the 1st of July a penalty of 10% is incurred. This applies until the 30th of September. On the 1st of October, if the government fees and penalty have still not been paid, the penalty will increase to 50%. This penalty applies until the 31st of December. Striking off :Companies which have not paid their government fees and the penalties which are described above, will be struck off the register by the Registrar of Companies. The relevant dates are:
If the company is restored within 6 months of the date on which is is struck off, the government restoration fee is $300.00\ If the company is restored more than 6 months after the date on which is was struck off, a $600.00 restoration fee is payable. Please see our Schedule of Fees for more information. |
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Last edited: 27-Oct-2009 © Koru Corporate Services, Inc. 2006 - 2007 |
