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Company strike off, also referred to as Dissolution, is the process by which a Company is removed from the Registrar.
There are many who would like to dissolve a company after they have completed their business goals, or who do not want to use a company anymore for some reason. Setting up companies seems to be simple, but when you dissolve them, you need to fulfill all your duties with the incorporated jurisdiction. Depending on the jurisdiction which the process can be complex as well as time-consuming.
However, some jurisdictions requiring a tax declaration: Hong Kong, Singapore, the US or the UK, etc the procedure is much more complicated, Accounting and Auditing report and other relevant documents must be submitted to the Registrar before the dissolution. Please refer to the Company Strike Off Processing or you can contact us for more information.
We can apply to get your company restored if it was struck off the register and dissolved by the Companies Registrar.
Our experienced partner’s ensures you stay ahead of legal requirements that can impact your company. You can apply for a company restoration if you were a director or shareholder of the company.
| Country | Time frame | Fee |
|---|---|---|
 United Kingdom |
2-3 months | US$ 350 |
 Hong Kong |
5-6 months | US$ 499 Note: The company must be in good standing in order to proceed with the liquidation. |
 Seychelles |
2 months | US$ 1,600 |
 St. Vincent - Grenadines |
2-3 weeks | US$ 850 |
 Belize |
2 months | US$ 1,600 |
 Anguilla |
6-9 weeks | US$ 1,950 Note: The company must be in good standing in order to proceed with the liquidation. |
 Delaware |
2-3 weeks | US$ 800 |
 British Virgin Islands |
6 weeks | US$ 1,600 Note: The company must be in good standing in order to proceed with the liquidation. |
 Vanuatu |
3-4 months | US$ 898 |
 Panama |
2 months | US$ 1,200 |
| Country | Time frame (From the Closing date of the Company) |
Fee |
|---|---|---|
| Seychelles |
Under 6 months | US$ 850 |
| Seychelles |
Over 6 months | US$ 1,150 |
| St.Vincent |
Under 6 months | US$ 930 |
 Marshall Islands |
Under 6 months | US$ 1,025 |
| Belize |
Under 6 months | US$ 1,150 |
| Belize |
Over 6 months | US$ 1,650 |
| Anguilla |
Under 6 months | US$ 825 |
| Anguilla |
Over 6 months | US$ 1,125 |
The company must meet the following conditions before making an application for deregistration/strike off.
An application for the restoration can be made to the Court of First Instance or Withdraw. The Team @ Multistream International can help you do it!
Winding up is the process of settling the accounts and liquidating the assets of a company for the purpose of making distribution of the net assets to members and dissolving the company.
Deregistration is A defunct solvent company, it is a relatively simple, inexpensive and quick procedure for dissolving defunct solvent companies.
As for striking off, the Registrar of Companies may strike the name of a company where the Registrar has reasonable cause to believe that the company is not in operation or carrying on business.The company shall be dissolved when its name is struck off the Companies Register. Striking off is a statutory power conferred on the Registrar, a company cannot apply for striking off.
Depending on the jurisdiction you are incorporated in and the status of your business, it normally it takes 1-2 months, but it may be 5 months for companies incorporated in Hong Kong, Singapore and the UK.
