Liquidation of foreign companies

If a company goes bankrupt or there are other reasons why it is necessary to close a business in another jurisdiction, Crystal Tax specialists will help you implement this project quickly and without any problems. It should be remembered that liquidation of companies through offshore is necessary in order to avoid penalties or other more serious penalties.

Liquidation of offshore companies: the main ways

Each country has different liquidation procedures. In some jurisdictions, everything can be quick and easy, for example, it is enough to leave the register, while in others, the process can be long, complicated and quite expensive. However, everywhere you can expect various unexpected nuances and peculiarities, the ignorance of which, even in simple cases, can lead to trouble.

There are two main ways to close a company:

1. Free closure - carrying out all procedures in the prescribed manner. It can be carried out by any company.
2. Deregistration - liquidation of offshore companies in the classic version.

In the latter case, the business may automatically be removed from the register if, for example, the state fee has not been paid. But this does not release the company from its obligations, including future ones.

In addition, the owner needs to be sure that no one is using his or her dormant company for their own benefit. Therefore, the best option is to continue the operation of the enterprise, carry out a complete liquidation in accordance with all the rules, and obtain a relevant document upon completion of the process in order to have the necessary evidence that the business is closed.

To do everything correctly and on time, taking into account the peculiarities of local legislation, contact Crystal Tax. Our specialists have vast years of experience in this field. They have thoroughly studied all the peculiarities of working in different countries and know all the pitfalls that may arise in the process.

How is the offshore liquidation going?

Voluntary liquidation offshore can be carried out according to the following scheme:

• written formalization of the decision to liquidate the business;
• repayment of all obligations assumed, including financial ones;
• appointment of a liquidator who informs the registration authorities about the start of the company's closure process;
• publication of information about the start of the liquidation commission in the official state publications;
• receipt of documents stating that the legal entity has been liquidated.

The duration of the procedure depends on the jurisdiction, but on average it takes about six months. To ensure that the process goes as quickly as possible, hire our professionals who will help you avoid all obstacles in time.

The company's specialists provide a full range of necessary services:

• Consultation on all issues;
• Preparation of a package of documents for a liquidation campaign;
• Representation of clients' interests and representation in negotiation procedures;
• Legal support at all stages.

With Crystal Tax, any business activity abroad can be carried out without problems, including such a troublesome part of it as liquidation through an offshore company, the cost of such services is the most affordable. We practice an individual approach to each client, it is profitable and reliable to cooperate with us.