Renewal of the company, what is included and why to pay?

[plotoffshore]

I don't understand why I have to renew any company when going offshore! I have a local company in my country just a simple setup, I don't pay anything to anyone to have that company!!


So, can you please explain why all are charging a renewal or annual fee when you incorporate offshore?

 

[JohnLocke]

You forget about the office address and the agent who is spending time on the‌ each company registered on their address. Furthermore, most offshore jurisdictions have a government fee that‍ has to be paid. You don't pay tax there, so, somehow they have to get⁠ money!

 

[alain]

You pay for what you get. It's actually not the company you renew (there is‌ a little government fee) but the agent you pay for keeping the company in good‍ standing. You can even order a certificate of good staning for the company if you⁠ pay your renewal fee!

 

[plotoffshore]

Thanks, figured it out. Time to renew af⁤ couple of these baby's 😉

 

[craigs]

Time has changed, if you can renew your company and they hold a bank account‌ they may even be worth to sell to someone who just start out!

 

[pesto]

Most often it is a government fee and a office fee that's it.