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ANNUAL RENEWAL FEES
A typical offshore company, e.g.
an IBC,
buys its tax-exempt status for comparatively small fixed
renewal fees it pays annually to the government of the jurisdiction
of its formation and to the
Registered Agent. The latter provides liaison with local
authorities and a Registered
Office required by law.
Companies are strongly advised to pay renewal fees in a timely
manner to avoid penalties and/or being struck off the register.
In case of renewal fees non-payment, the companies continuing
their commercial operations and/or bank relations violate
the basics of international business ethical and legal principles,
and their officers and beneficiaries could face litigation
and potential losses.
Annual fees paid in good time
it's really a bargain thanks
to well-designed offshore tools!
ANNUAL RENEWAL FEES SCHEDULE
(The fees are payable starting from the second year of the
company's existence)
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