Renew Company Registration and License
OVERVIEW
The annual renewal fees are the annually recurring government and professional fees that your company must pay in order to continue and maintain the company in good legal standing as per the laws of the state of registration.
Scope of services:
Provision of one additional year of registered address services
Preparation and filing of annual returns
Provision of one additional year of company secretary services
Payment of the annual registry fees to the authorities and/or registered agent fees
File review and update
Provision of SFM account manager for the full year
**Updated documents such as renewed business license, filed annual return, confirmation receipt, may only be available after the completion of the renewal.
Failure to pay the annual renewal fees by the due date will result in the company to lose its good standing. Authorities may impose a penalty for late annual fees. The company may be struck off the register after a certain period past the due date, this period is determined by the authorities.
FAQ:
Why are annual renewal fees required?
The annual renewal fees are required in order to maintain your company in good standing and to operate and act on its business activities. All companies are required to pay annual renewal fees in order to maintain its good standing status. Due dates for the annual fee are determined by the jurisdiction in which the company is incorporated in.What do the annual renewal fees consist of?
Annual renewal fees consist of the following:- Government fee
- Registered address and registered agent fee
- SFM services fee
What happens if I the renewal fees are not paid?
If a company does not pay the annual renewal fees by the due date, it loses its good standing, and the bank may close its bank account at any time. Authorities may impose a penalty for late annual fees. Also, the company may be struck off the register after a certain period past the due date, this period is determined by the authorities
How do I pay the annual renewal fees?
Payment can be made either by credit card or bank transfer. Cash payments can also be made at our offices, if you find this convenient
How should I properly discontinue usage of the company?
The proper procedure for discontinuation of a company is a voluntary liquidation. For more info please visit our link below:https://www.sfm.com/company-dissolution
