{"id":5706,"date":"2019-02-08T14:25:19","date_gmt":"2019-02-08T14:25:19","guid":{"rendered":"https:\/\/offshore.sc\/?post_type=nessio_gl&#038;p=5706"},"modified":"2024-07-27T06:21:26","modified_gmt":"2024-07-27T04:21:26","slug":"renewal","status":"publish","type":"post","link":"https:\/\/offshore.sc\/en_us\/lexicon-2\/renewal\/","title":{"rendered":"What are the follow-up costs of an offshore company?"},"content":{"rendered":"<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1z50f77-a9e60a5d1047bd4b4cc4775340a2cc88\">\n.flex_column.av-1z50f77-a9e60a5d1047bd4b4cc4775340a2cc88{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-1z50f77-a9e60a5d1047bd4b4cc4775340a2cc88 av_one_fifth  avia-builder-el-0  el_before_av_three_fifth  avia-builder-el-first  first flex_column_div av-zero-column-padding'     ><section  class='av_textblock_section av-kf3xylrb-1eb0b63ad5bfd06f97c53a45458b71f8'   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><!-- Rate My Post Plugin - Results Widget --><div  class=\"rmp-results-widget js-rmp-results-widget js-rmp-results-widget--5706\"  data-post-id=\"5706\">  <div class=\"rmp-results-widget__visual-rating\">    <i class=\"js-rmp-results-icon rmp-icon rmp-icon--ratings rmp-icon--star rmp-icon--full-highlight\"><\/i><i class=\"js-rmp-results-icon rmp-icon rmp-icon--ratings rmp-icon--star rmp-icon--full-highlight\"><\/i><i class=\"js-rmp-results-icon rmp-icon rmp-icon--ratings rmp-icon--star rmp-icon--full-highlight\"><\/i><i class=\"js-rmp-results-icon rmp-icon rmp-icon--ratings rmp-icon--star rmp-icon--full-highlight\"><\/i><i class=\"js-rmp-results-icon rmp-icon rmp-icon--ratings rmp-icon--star rmp-icon--full-highlight\"><\/i>  <\/div>  <div class=\"rmp-results-widget__avg-rating\">    <span class=\"js-rmp-avg-rating\">      4.9    <\/span>  <\/div>  <div class=\"rmp-results-widget__vote-count\">    (<span class=\"js-rmp-vote-count\">1257<\/span>)  <\/div><\/div>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1jael0z-8abaefe3dcf5b46fe1316a73ff91d663\">\n.flex_column.av-1jael0z-8abaefe3dcf5b46fe1316a73ff91d663{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-1jael0z-8abaefe3dcf5b46fe1316a73ff91d663 av_three_fifth  avia-builder-el-2  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div av-zero-column-padding'     ><p><article  class='iconbox iconbox_top av-keswwjsy-20a17b87246c159155e9b8c7d7cbadf8  avia-builder-el-3  el_before_av_image  avia-builder-el-first  main_color'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class=\"iconbox_content\"><header class=\"entry-content-header\" aria-label=\"Icon: Follow-up costs, also known as annual renewal fees or renewal costs\"><div class='iconbox_icon heading-color avia-iconfont avia-font-entypo-fontello' data-av_icon='\ue80a' data-av_iconfont='entypo-fontello'  ><\/div><h2 class='iconbox_content_title'  itemprop=\"headline\" >Follow-up costs, also known as annual renewal fees or renewal costs<\/h2><\/header><div class='iconbox_content_container'  itemprop=\"text\" ><\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kesulvvg-e2884791c2b824af0009ffaf1a54a5ed\">\n.avia-image-container.av-kesulvvg-e2884791c2b824af0009ffaf1a54a5ed img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-kesulvvg-e2884791c2b824af0009ffaf1a54a5ed .av-caption-image-overlay-bg{\nopacity:0.7;\nbackground-color:#ffffff;\n}\n.avia-image-container.av-kesulvvg-e2884791c2b824af0009ffaf1a54a5ed .av-image-caption-overlay-center{\ncolor:#1358cb;\n}\n<\/style>\n<div  class='avia-image-container av-kesulvvg-e2884791c2b824af0009ffaf1a54a5ed av-styling-circle av-hover-grow av-hide-overflow av-img-linked avia_animated_image av-animated-when-visible-95 top-to-bottom avia-align-center  avia-builder-el-4  el_after_av_icon_box  el_before_av_hr  noHover av-overlay-on-hover'   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><a href=\"https:\/\/offshore.sc\/en_us\/lexicon-2\/\" class='avia_image'  aria-label='What are the follow-up costs of an offshore company?'><div class=\"av-image-caption-overlay\"><div class=\"av-caption-image-overlay-bg\"><\/div><div class=\"av-image-caption-overlay-position\"><div class=\"av-image-caption-overlay-center\"><p>Subsequent costs<\/p>\n<\/div><\/div><\/div><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-19268 avia-img-lazy-loading-not-19268 avia_image' src=\"https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-1024x410.jpg\" alt='What are the follow-up costs of an offshore company?' title='What are the follow-up costs of an offshore company?'  height=\"410\" width=\"1024\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-1024x410.jpg 1024w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-300x120.jpg 300w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-768x307.jpg 768w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-16x6.jpg 16w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-705x282.jpg 705w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-600x240.jpg 600w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary.jpg 1500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kesw3ypz-50427d4daf13de3429da15f6a3feabd4\">\n#top .hr.hr-invisible.av-kesw3ypz-50427d4daf13de3429da15f6a3feabd4{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-kesw3ypz-50427d4daf13de3429da15f6a3feabd4 hr-invisible  avia-builder-el-5  el_after_av_image  el_before_av_textblock'><span class='hr-inner'><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-kqarfzsy-3c504cecdb115f584cd38a6abc78544b'   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>What are the follow-up costs of an offshore company?<\/h2>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-cfv8i2-108b70d2e9cf5d11dc680895dbf88f16\">\n#top .av-special-heading.av-cfv8i2-108b70d2e9cf5d11dc680895dbf88f16{\npadding-bottom:30px;\n}\nbody .av-special-heading.av-cfv8i2-108b70d2e9cf5d11dc680895dbf88f16 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-cfv8i2-108b70d2e9cf5d11dc680895dbf88f16 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-cfv8i2-108b70d2e9cf5d11dc680895dbf88f16 av-special-heading-h3 blockquote modern-quote  avia-builder-el-7  el_after_av_textblock  el_before_av_textblock'><div class='av-subheading av-subheading_above'><p>The follow-up costs of an offshore company (IBC)<\/p>\n<\/div><h3 class='av-special-heading-tag'  itemprop=\"headline\"  >Abstract<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-kfm9x05q-3c323c5068f5d43afcdc8ba98e1aa075'   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><ul>\n<li>The follow-up costs, including all fees incurred from the 2nd year onwards, are as follows<br \/>\n\u20ac 1.999,00<\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-b1wbp6-99d94adcb18c577843b7194c1324a2af\">\n#top .av-special-heading.av-b1wbp6-99d94adcb18c577843b7194c1324a2af{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-b1wbp6-99d94adcb18c577843b7194c1324a2af .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-b1wbp6-99d94adcb18c577843b7194c1324a2af .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-b1wbp6-99d94adcb18c577843b7194c1324a2af av-special-heading-h2 blockquote modern-quote  avia-builder-el-9  el_after_av_textblock  el_before_av_textblock'><h2 class='av-special-heading-tag'  itemprop=\"headline\"  >Detailed description<\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-kfm9ykkn-f5d1385d8e77efea2e492e5d8986c24a'   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>The follow-up costs for the offshore company, the subsequent years for the further operation of an offshore company, are often not exactly or not at all shown or described on the Internet. This can have several serious as well as unserious reasons.<\/p>\n<p>We have therefore given a lot of thought to how to show and calculate the effort and the associated costs as fairly, seriously and transparently as possible.<br \/>\nTheoretically, the follow-up costs should therefore be the same as in the founding year, and therefore also for subsequent years. The effort involved in the renewal is roughly the same as for the foundation, so we have to prepare various documents again, ask the client for his current place of residence (proof of address), request a current consumption bill from him and provide proof that his business activities have not changed.<\/p>\n<p>Likewise, one must apply to the Registrar, here in the Seychelles, for renewal so that they too are aware that the offshore company will continue to be active for the next 12 months.<\/p>\n<p>In addition, we will provide an address for a further 12 months, take over the mail service which consists of screening incoming mail, scanning it and informing the client of its contents.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-8tzqlm-896f4ee9ed331cb6eeaf3be79fd6b704\">\n#top .av-special-heading.av-8tzqlm-896f4ee9ed331cb6eeaf3be79fd6b704{\npadding-bottom:30px;\n}\nbody .av-special-heading.av-8tzqlm-896f4ee9ed331cb6eeaf3be79fd6b704 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-8tzqlm-896f4ee9ed331cb6eeaf3be79fd6b704 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-8tzqlm-896f4ee9ed331cb6eeaf3be79fd6b704 av-special-heading-h3 blockquote modern-quote  avia-builder-el-11  el_after_av_textblock  el_before_av_textblock'><h3 class='av-special-heading-tag'  itemprop=\"headline\"  >In summary, one pays subsequent costs in the following years for this service incl. fees<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-kfm9zm6i-862b5540a7d9f512f78c7bb699c06e8c'   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><ul>\n<li>Effort to prepare the documents for the extension of the offshore company<\/li>\n<li>Communication with the client, request for various documents<\/li>\n<li>Preparation of all documents received from the client and ours created<\/li>\n<li>Application for renewal to the registry<\/li>\n<li>Payment of all fees incurred by the renewal at the registration office<\/li>\n<li>To provide a local address for the next 12 months<\/li>\n<li>Mail service, such as receiving, screening, scanning and transmitting to clients for incoming letters.<\/li>\n<\/ul>\n<p>The follow-up costs for the operation of a Seychelles <a href=\"https:\/\/offshore.law\" target=\"_blank\" rel=\"noopener\">Offshore<\/a> Company are often not transparent on the Internet. Costs from the 2nd year of an offshore company in the Seychelles, i.e. the costs that arise after the year of incorporation, are transparent with us, as shown below.<\/p>\n<p>However, the effort is often very different from offshore company to offshore company and client to client. We cannot see this expense at the time of foundation and therefore look at the first 12 months of each individual client to calculate the follow-up costs. However, this does not sound transparent and arbitrary.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-7uqnve-849e0ef85d46ba66dfcf7aeb572581f7\">\n#top .av-special-heading.av-7uqnve-849e0ef85d46ba66dfcf7aeb572581f7{\npadding-bottom:30px;\n}\nbody .av-special-heading.av-7uqnve-849e0ef85d46ba66dfcf7aeb572581f7 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-7uqnve-849e0ef85d46ba66dfcf7aeb572581f7 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-7uqnve-849e0ef85d46ba66dfcf7aeb572581f7 av-special-heading-h3 blockquote modern-quote  avia-builder-el-13  el_after_av_textblock  el_before_av_textblock'><h3 class='av-special-heading-tag'  itemprop=\"headline\"  >Our cost calculations for subsequent years as follows are dependent on these factors<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-kfma2g5y-7d4d48937e849b990f951ce2878e5427'   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><ul>\n<li>How many letters do we receive within the 12 months, which then have to be processed?<\/li>\n<li>What additional requests by email, phone or Skype come from the client that cannot be charged with other services?<\/li>\n<\/ul>\n<p>Therefore, the underlying and theoretical follow-up costs for the following years are the same as for the foundation.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kfmbk45t-a9ac8fab368ad2081356949f3a9f82e8\">\n#top .av-special-heading.av-kfmbk45t-a9ac8fab368ad2081356949f3a9f82e8{\npadding-bottom:20px;\n}\nbody .av-special-heading.av-kfmbk45t-a9ac8fab368ad2081356949f3a9f82e8 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-kfmbk45t-a9ac8fab368ad2081356949f3a9f82e8 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-kfmbk45t-a9ac8fab368ad2081356949f3a9f82e8 av-special-heading-h4 blockquote modern-quote  avia-builder-el-15  el_after_av_textblock  el_before_av_textblock'><h4 class='av-special-heading-tag'  itemprop=\"headline\"  >This means that the follow-up costs, including all fees incurred from the 2nd year onwards, amount to<\/h4><div class='av-subheading av-subheading_below'><p><strong>\u20ac 1.999,00<\/strong><\/p>\n<\/div><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-kfma9gaf-189168e04ed973e6e319915b6c48cbe1'   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>Do you still have questions about the follow-up costs of an offshore company or is something still unclear? Please contact us\u00a0<strong><a href=\"https:\/\/offshore.sc\/en_us\/contact\/\">Contact<\/a><\/strong>\u00a0on.<\/p>\n<p>You can find more and further information in our <strong><a href=\"https:\/\/offshore.sc\/en_us\/glossary\/\">Lexicon\/Glossary<\/a><\/strong> or in the <strong><a href=\"http:\/\/offshore.law\" target=\"_blank\" rel=\"noopener\">IBC Act<\/a><\/strong>.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kqargn32-2fd4b5b5da43f47d1afeb8fb27753f45\">\n#top .hr.hr-invisible.av-kqargn32-2fd4b5b5da43f47d1afeb8fb27753f45{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-kqargn32-2fd4b5b5da43f47d1afeb8fb27753f45 hr-invisible  avia-builder-el-17  el_after_av_textblock  el_before_av_textblock'><span class='hr-inner'><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-kf3xz1it-00c7bec55e0798be9b963d6fe7e88255'   itemscope=\"itemscope\" 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