We are offering support and assisting services for the registered company as well as the prolongation of the Power of Attorney for companies using “BBP Baltic” director services.
On your request we will be glad to remind you about the annual support payments by writing out an invoice and regularly sending the new Power of Attorney to the given address.
Annual support costs starting with the second year include:
| jurisdiction | terms of writing out the invoice; terms of the payment |
terms of filing the financial report |
| offshore jurisdictions | ||
| Belize | May 1 ; June 15 | filing the financial report is not needed |
| Panama | in two months before the registration date; in 15 days | filing the financial report is not needed |
| British Virgin Islands | if registered until the June 30 – May 15 if registered after the July 1 – October 15 |
filing the financial report is not needed |
| Dominica | in two months before the registration date; in 15 days | filing the financial report is not needed |
| Turks and Caicos Islands | in two months before the registration date; in 15 days |
filing the financial report is not needed |
| Nevis | in two months before the registration date; in 15 days |
filing the financial report is not needed |
| Samoa | in two months before the registration date; in 15 days |
filing the financial report is not needed |
| Marshall Islands | in two months before the registration date; in 15 days |
filing the financial report is not needed |
| Seychelles | in two months before the registration date; in 15 days |
filing the financial report is not needed |
| Hong Kong | in two months before the registration date; in 15 days |
8 months after the fiscal year has expired |
| Gibraltar | in two months before the registration date; in 15 days |
6 months after the fiscal year has expired |
| jurisdictions with a reduced taxation system | ||
| Cyprus | in two months before the registration date; in 15 days |
6 months after the fiscal year has expired |
| Great Britain | in two months before the registration date; in 15 days |
8 months after the fiscal year has expired |
| New Zealand | in two months before the registration date; in 15 daysмая |
8 months after the fiscal year has expired |
| USA, Arkansas | April 1; May 15 |
filing the financial report is not needed if the company does not have a taxpayer number |
| USA, Delaware | April 1; May 15 |
filing the financial report is not needed if the company does not have a taxpayer number |
| USA, Kentucky | April 30; June 15 |
filing the financial report is not needed if the company does not have a taxpayer number |
| USA, Oregon | in two months before the registration date; in 15 days |
filing the financial report is not needed if the company does not have a taxpayer number |
| USA, Oklahoma | June 1; July 1 |
filing the financial report is not needed if the company does not have a taxpayer number |
If you are planning to use your new company for more than 1 year, we recommend you allowing us to remind you about the terms of the annual support payments. This way you will be able to plan your cash flows properly and pay for the services promptly.
We will be grateful if you send us your fax number, e-mail address or some other contact by which we could warn you about the oncoming of the annual support payment.
Not paying the annual support will result in negative consequences for your company:
- governmental institutions will sentence a fine, which will have to be settled both in case of prolonging the activities and in shutting the company down;
- contracts and other juridical documents signed by the company will loose their juridical power starting with the expiration date of the payment terms
- if the Power of Attorney for operating the bank account will not be prolonged on behalf of the authorised person, the bank has the right to freeze the company bank account as the expiration date of the payment terms is due.
If you are not willing to prolong the company activities, the company (Cyprus, Great Britain, New Zealand, Hong Kong) must be shut down – in case of not shutting down the company the governmental institutions can sentence you a fine up to 7000 USD.
We are asking you to follow the terms of the annual support payments carefully and inform us about the shutting down of the company in due time.