Offshore Company Elimination
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Officially eliminated the company to avoid its exclusion from the Register because of failure to pay annual fees and / or non-reporting for registration (customers by allowing such an exception would not be able to continue to register a company in the country) are usually very difficult and expensive, particularly if Company led economic activities.
In Britain, for example, it is necessary to appoint a qualified "liquidators" (usually it provides a very large accounting firms, and therefore fees are very high). Required to hold various meetings, publish a notice specifying the dates in order to allow people to submit claim prior to its dissolution. Similar procedures are provided in Ireland and the Isle of Man.
In other countries like Gibraltar, the Bahamas or British Virgin Islands, the procedure is less complicated, because you are not required to register records, but you need to publish a notice in the relevant business newspapers, and then given time to file claims before the dissolution of the company.
If the company has not conducted any business activities, provided that all duties are paid and delivered all the necessary records, you can notify the Registrar that the company has no assets and liabilities that are not carried out and that the directors and shareholders have expressed a desire to remove the company from the Register. As a consequence, will be issued a notice of that fact in their respective local business journals, and through a standard, the company removed from the Register.
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