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Can a company continue to operate without being in Good Standing?

April 26, 2017COMPANY Continue good standing operate

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Can a company continue to operate without being in Good Standing?

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An offshore company loses its ‘Good Standing’ status if it fails to pay the fees for the annual maintenance in good time, or to file the financial statements required by law. In the event that these requirements are not met, the company will not be immediately struck off the register of enterprises in the majority of jurisdictions; however, it will forthwith lose its ‘Good Standing’ status.