BVI company closure (Shelf/Unused) Q

[wellington]

Normal to have a request for shelf BVI company closure to have 'Certified set of Corporate Documents to close company'?

 

[cuno]

Not if you use the same agent! If it is a other agent you use for company closure they will ask for it most often just to complicate the process.

Have tried this a few years with fidelity. But after they figured out I didn't want to pay their ridiculous fee they closed the company.

 

[wellington]

cuno said:
Not if you use the same agent! If it is a other agent you use for company closure they will ask for it most often just to complicate the process.
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It is the same agent.

Already paid a few grand.

Now asking for this (saying its the Gov).

 

[TheCryptoAnt]

cant you leave it unattended and let it be closed down by the government itself?

 

[wellington]

TheCryptoAnt said:
cant you leave it unattended and let it be closed down by the government itself?
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I was intending to do that but now you have to file accounts and they fine you so many hundred a month

Also being a UK citizen and BVI being a overseas territory I didn't want to cause issues for myself if I left it like that

 

[Houdini]

Yeah okay, as a UK citizens you may get troubles if you don't pay their fees. But you may be able to explain them that you don't have the docs any longer and they should just get the company closed. It can't be that difficult.

 

[wellington]

Houdini said:
Yeah okay, as a UK citizens you may get troubles if you don't pay their fees. But you may be able to explain them that you don't have the docs any longer and they should just get the company closed. It can't be that difficult.
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I believe the agent gets them certified - hence the bill for

If it was done my end I suspect it would have cost about 40 bucks not 400 lol

 

[Houdini]

Once they smell money, they don't let go. I believe all these offshore jurisdictions are facing big problems now that it's no longer enough just to register a company offshore. And now they're trying to hold on to the remaining customers they have.

 

[Sols]

AFAIK, not required by law but often required in the T&C you sign with the CSP or required if the company has bank accounts or other regulated relationships which may necessitate KYC prior to offboarding.

You can inquire with the FSA.

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This is the probably the answer to your question.

 

[wellington]

Sols said:
AFAIK, not required by law but often required in the T&C you sign with the CSP or required if the company has bank accounts or other regulated relationships which may necessitate KYC prior to offboarding.

You can inquire with the FSA.
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No bank(s) in company name (was dormant from creation).

Not sure what CSP stands for admittedly

 

[DeepDrilling]

wellington said:
Not sure what CSP stands for admittedly
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Corporate Service Provider

 

[Sols]

wellington said:
No bank(s) in company name (was dormant from creation).
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While it's not impossible that they have a legitimate need for the documents, based on what you've shared, it unfortunately sounds like they might be taking you for all the money that they can.

Toggle signature
This is the probably the answer to your question.

 

[wellington]

Reportedly related to the liquidation (irony in itself)

latest certified set of the corporate document of the company to proceed with the liquidation of the company.
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Mind its not much just wondered if normal, evidently not.