Company Maintenance-Cayman Company-Shenzhen For You Business Service Co., Ltd

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Company Maintenance

Article Source：Youxinda Business Popularity：716 Published time：2014-12-26 11:57:20

To maintain Cayman Islands government annual charges and renew our annual parking services before due date.

Annual Renewal

Cayman Islands Company

for standard USD 51,200
Hong Kong Correspondence Address Parking

For You Business company will send reminder to clients and help to arrange the renewal matter.

License renewal due date	For You Business Reminder
Every year on November - 15th	Every year on September - 1st

Penalty case example

For authorized capital not exceed USD 51,200

Renewal overdue	Penalty	Renew Fee + Penalty
Within 30 days	USD 285	USD 3,165
Over 30 days but not more than 60 days	USD 570	USD 3,450
Over 60 days but not more than 90 days	USD 855	USD 3,735
Over 90 days	please contact us	-

As long as the Cayman Islands company is not carrying on business in Hong Kong, there is no duty of reporting or registration to Hong Kong government departments.

Closing a Cayman Islands company

There are two ways a Cayman Islands company can be closed:

Formal liquidation; or
Striking-off the Companies Register

Formal liquidation

For below conditions, placing the company into voluntary liquidation and appointing a liquidator to wind up the business is the preferred choice.

The company has been active;
With outstanding assets;
With outstanding liabilities;
Directors wish to have a proper discharge from their duties.

Striking-off the Companies Register

If the shareholders and directors are satisfied there are:

No assets remaining in the company;
No liabilities remaining in the company;
The company has not been considered an active business.

Shareholders and Directors can request the company be struck from the Register.

Setup Requirement

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