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Renewal Compliance

Annual Renewal Service for Your Company in the Cayman Islands

Let Vepapu handle the mandatory renewal procedure for your company with the registry to ensure that it continues to stay in good standing.

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1

Timely Reminders and On-Time Renewals

2

Complete the Renewal Process Online

3

Accurate Paperwork and Quick Liaison

Yearly Renewal

Things We Take Care in the Renewal Process

All mandatory procedures are taken care of for you to keep your company in good standing.

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Annual Return Preparation and Filing

We will prepare the paperwork necessary for the renewal of your company, share it with you for your review, request your action, such as a signature, and finally submit it to the registry.

Government Fee Payment for Renewal

We will make the payment of the mandatory government fee for renewal as stipulated by the registry for your company based on the size of the authorised share capital.

MADE EASY

Let Us Handle the Complexities

On-time renewal is an important key for a company's good standing

vs

Renew with Vepapu:

Included
Integrates seamlessly with Stripe
Included
Accurate paperwork and liaison
Included
On-time reminders and actions
Included
Renewal process done online
Included
No hidden fees. No surprises

Late/non-renewal leads to:

Actions on directors and members
Loss of the good standing status
Company may be struck-off
Severe financial penalties
Legal consequences
Renew Remotely

Renew Your Company in 5 Easy Steps.

The annual requirement of company renewal is taken care of for you by Vepapu in just five super easy steps, all done 100% remotely.

Number 1

Know the Deadline

Vepapu approaches you for your action on your company's timely renewal with the registry.

Number 2

Provide the Information

Our team requires a few details from you to facilitate the preparation of the paperwork required for the renewal.

Number 3

Approve Paperwork

Once the paperwork is completed, it will be shared with you for your review and action (if required) for the submission.

Number 4

Submission & Liaison

We will submit the paperwork, pay the stipulated government fee, and coordinate with the registry.

Number 5

Happy Renewal

And, that's it! You have successfully renewed your company. We will get in touch with you next year.

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Individuals and Businesses Worldwide Of All Sizes Count On

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" Our Cayman incorporation ... was done entirely online. ...took extra time to help me understand economic substance and annual filing requirements. I will recommend it to my network of offshore investors and business owners. "
Antoine
Verified review on Trustpilot
Mate, gotta give props to Vepapu for sortin out my Seychelles incorporation. Proper job they did.. Straight-up pricing, swift process, and all done online. Cheers!
T.R.P.
Verified review on ProductHunt
My company formation experience was just smooth and quick. Vepapu folks did an amazing job. They are extremely professional with their work and extremely friendly and understanding in their behaviour.
Chen
Verified review on Trustpilot
Made my journey really smooth. I recently incorporated in Caymans and Vepapu’s clear approach and their team’s eagerness to help me really made me very impressed.
Martin Luther
Product Designer at Uber.INC
Kevin
Verified review on Trustpilot
My experience was great. Got my Caymanian company incorporated without any hassle. They are the absolute professionals and experts in this field.
Martin Luther
Product Designer at Uber.INC
Martin Luther
Product Designer at Uber.INC
ACP Guy
Verified review on Trustpilot
Martin Luther
Product Designer at Uber.INC
Martin Luther
Product Designer at Uber.INC
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FAQ

Frequently Asked Questions

FAQs on the company renewal service for companies in the Cayman Islands

F.A.Q.

GENERAL QUESTIONS
About the Services

Are companies required to disclose operational details during the renewal process?

No, companies are not required to disclose their operational details as part of the annual renewal process. The renewal process primarily involves confirming the company’s compliance status, submitting annual returns, and paying the stipulated government fee based on the authorized share capital.

What is the deadline for renewing a company in the Cayman Islands?

The deadline for renewing a company in the Cayman Islands is January 31st of every calendar year. Companies must ensure their annual return filing and government fee payment are completed by this date to avoid penalties or potential striking off by the registry.

What happens if the annual renewal process is delayed or missed?

Failure to complete the renewal process on time can result in penalties and late fees. Continued non-compliance may lead to the company being struck off the register. Once struck off, the company loses its good standing and operational rights, and reinstatement requires additional fees and filings.

What is the purpose of an annual company renewal in the Cayman Islands?

The annual renewal process ensures that the company maintains its good standing with the Cayman Islands registry. It involves confirming compliance with local regulations, paying the government fee, and filing annual returns to validate the company’s active status. The filing of annual return confirms with the registry that there are no changes to the company's structure apart from the ones that are already disclosed to the registry with previous filings for structural changes.

How is the government fee for company renewal calculated?

The government fee for company renewal is calculated based on the size of the authorized share capital of the company. Companies with higher authorized share capital are subject to higher renewal fees as stipulated by the registry.

Should a struck-off company file for annual renewal?

No. A struck-off company cannot file for renewal. Instead, the company must first undergo a reinstatement (restoration) process to regain its status, which includes clearing outstanding fees and penalties as well as completing any overdue filings.

Are there any tax-related declarations required as part of the company renewal process?

No, there are no tax-related declarations required for annual renewal since the Cayman Islands does not impose corporate or income taxes. However, companies subject to Economic Substance regulations must ensure their compliance as part of the broader regulatory requirements.

Does Vepapu assist with resolving registry queries during the renewal process?

Yes, Vepapu assists in resolving any queries raised by the Cayman Islands registry during the renewal process. Our partnered license-holder liaises with the registry to address their concerns and ensures the renewal process is completed smoothly.

Is the government fee included in Vepapu's annual renewal package?

Yes, Vepapu’s annual renewal package includes the payment of the government fee as stipulated by the registry for the company’s minimum authorized share capital tier.

Can Vepapu assist with renewals if the company has overdue filings from previous years?

Yes, Vepapu can assist with renewals for companies that have overdue filings from previous years. However, additional steps and fees may be required to bring the company into compliance before the renewal can be processed.

Does Vepapu handle both the preparation and filing of annual returns?

Yes, Vepapu takes care of the complete process, including the preparation and filing of annual returns with the Cayman Islands registry. We ensure the accuracy of filings and provide updates throughout the process.

Can Vepapu handle renewals for companies with large authorized share capital?

Yes, Vepapu provides renewal services for companies of all sizes, including those with large authorized share capital. We manage the government fee payment and ensure the company’s compliance, regardless of its capital structure.

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Get in touch and ask us anything. We'd love to help.

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