From the date of incorporation of the company, our clients benefit from a management service for this same company for a period of twelve months. If needed and at the request of our clients, we can also conduct communications with bank representatives.

We remain at our clients’ disposal throughout the year as needed.

In the eleventh month of management, we contact our clients to remind them of the anniversary date of their company’s incorporation and offer them the annual renewal of the offshore company and the continuation of our management services.

Payment of our fees for the annual renewal of the offshore company is due on the anniversary date of the incorporation of this same company.

The annual renewal of the offshore company includes the following elements:

1. Payment of government fees to local authorities: Regardless of where your activities are carried out, government fees to local authorities must be paid annually, during the offshore company renewal. The amount of this flat-rate tax depends on the country and is independent of the payment of corporate tax or its exemption. Payment of these fees is mandatory for the company to remain active.
2. Handling relations with local authorities of the offshore company: Mandatory annual declarations to the tax administration, Filing of the Annual Return with the Commercial Register, Holding shareholder meetings for account approval, signatures of the Company Secretary and Director, management decisions.
3. Updating the offshore company structure: Renewal of the company’s registered office for a new 12-month period. This is the legal address of the company. Renewal of the Registered Local Agent function: mandatory function in a large number of jurisdictions Renewal of the Company Secretary function: In charge of the company’s compliance with corporate law of the jurisdiction (declarative obligations, holding meetings…).
4. Updating our ancillary and optional services: Renewal of the Director Nominee function for a new 12-month period. Renewal of the Shareholder Nominee function for a new 12-month period. Renewal of virtual office (optional): The provision of a commercial address for the company and mail forwarding to your attention, a telephone with an international code, an email address, a website…

If you would like to know more about our company management practices and our fees, we invite you to contact ICD Fiduciaries.

Discover also:

• Our team and office;
• International and offshore jurisdictions for your company registration;
• Bank account opening with ICD Fiduciaries.