The jurisdictions are Belize, Seychelles, Cyprus. There has been no trading activity.
So far I have not seen anyone getting trouble with just avoiding to renew a company and let it go. I have personally done that many times and never heard a single word from any authority.I have been quoted $23k by the provider to dissolve the structure, and threats of legal action if I don't pursue. My belief was that I can simply choose to not pay the renewal fees?
would be nice to see this funny "invoice"... what on earth might be behind a fee quote of $23k...I have been quoted $23k by the provider to dissolve the structure, and threats of legal action if I don't pursue. My belief was that I can simply choose to not pay the renewal fees?
how and from where do they know who is behind a PROFESSIONALLY structured legal entity... never heard of any government agency checking an "european blacklist" when filing documents to form an uk, german or swiss company... never ever...Seychelles and Belize - just stop paying a renewal fees.
Cyprus? This is something else. Cyprus will not strike off your company just for not paying a fees. There are some legal obligations which you have to fulfill. It is not just about filling one paper ase Admin wrote, here. Cyprus is very strict about all formalities. If you will just stop paying and stop answering, the best case is just to be blacklisted in Cyprus and maybe in all EU for the business for a next 10 years. The worst scenario is, that not fulfilling a formal obligations is a criminal offence. And cyprus authorities can issue arrest warant after some time. But to be honest, I never seen such case. They usualy just blacklist you. And all EU countries has a common blacklist. If you will want to incorporate a company in any EU country in a next 10 years, it will be not possible. And you will be not able to travel to the Cyprus for next 10 years.
Usual costs of closing a structure: Belize and Seychelles - less than 1000 USD each.
Cyprus - 5000-8000 Eur. Depends on many factors.
It can not cost more than 10K in total.
Cyprus law required registered agent to know details of UBOs and have certified copies of their IDs. It is very easy for cypriotic authorities to know how is behind. Cyprus is just a small island. It takes them less than hour to visit office of any registered agent and have a complete copy of a file.how and from where do they know who is behind a PROFESSIONALLY structured legal entity... never heard of any government agency checking an "european blacklist" when filing documents to form an uk, german or swiss company... never ever...