If you no longer plan to conduct business through a foreign entity, you must officially close it in accordance with the laws of the country of registration. Simply “abandoning” the company or stopping payment of the annual fee is a risky path that leads to the Common Reporting Standard (CRS), huge fines for CFCs (Controlled Foreign Corporations), and personal liability for directors and beneficial owners.
Voluntary liquidation of a foreign company is the only legal way to completely discharge your tax and legal obligations.
The lawyers at the international firm Maira Consult provide professional assistance in closing a business abroad, ensuring full compliance with international law, protection of your interests, and confidentiality.
The procedure for liquidating a foreign company can be complex and require a deep understanding of international law. The lawyers at the international firm Maira Consult provide professional assistance in the liquidation of foreign companies and offshore companies, ensuring compliance with all legal requirements and protecting clients’ interests.
Stages of foreign company liquidation with Maira Consult
We handle the entire bureaucratic process and guide you every step of the way:
- Analysis of the current situation - a detailed assessment of the company's legal and financial status, verification of debts and assets.
- Development of a customized strategy - creating a plan for the official closure of the company tailored to the specifics of the chosen jurisdiction.
- Preparation of documentation - collection, preparation, and submission of the required set of documents (resolutions of directors/shareholders, liquidation balance sheets, etc.).
- Supporting the procedure and interacting with government agencies - communicating with registrars, tax authorities, and liquidators in the country of registration.
- Obtaining the Certificate of Dissolution or Liquidation - official confirmation that the company has been removed from the state register.
- Apostille certification of documents - legalization of the Certificate for its subsequent submission to Ukrainian tax authorities (in particular, for CFC reporting).
In which jurisdictions do we liquidate companies?
Our company’s experts have many years of experience working with both traditional European countries and low-tax havens:
- Europe and the United Kingdom: Cyprus, Estonia, Malta, the United Kingdom, Poland.
- Traditional offshore jurisdictions: BVI (British Virgin Islands), Seychelles, Belize, Panama.
- Asia and the UAE: UAE (Dubai), Hong Kong, Singapore.
We can help you dissolve an offshore company or a European firm, even if it was not previously under our management.
- Why do clients choose Maira Consult to close their businesses?
In-depth expertise: We understand the intricacies of corporate and tax law in dozens of countries around the world. - Protection from fines: We help you close your company in a way that ensures Ukraine’s tax authorities have no questions regarding CFC reporting.
- Full-cycle services: From the initial document audit to obtaining a legalized certificate with an apostille.
- Data security: We guarantee 100% confidentiality for every client.
