Certificate of good standing

A registrar's certificate that a company is on the register and up to date with its filings and fees, commonly required for BVI and Cayman companies.

A certificate of good standing is issued by a company registry to confirm that, on the date of issue, the company is on the register, has not been struck off or dissolved, and has paid the fees and made the filings the registry requires. The BVI Registry of Corporate Affairs issues one on application for a BVI business company with no overdue annual fees or penalties. The Cayman Islands General Registry issues one for a Cayman company and offers an online tool to validate a certificate by its file number and authorisation code. Hong Kong's Companies Registry does not issue a good standing certificate as such; the closest document is a certificate of continuing registration, and a company particulars search shows current status.

What it shows and what it does not

Good standing is about the registry's own requirements. It says nothing about solvency, litigation or regulatory standing, and it does not name directors or shareholders. In offshore jurisdictions where the public register holds little, the certificate and a registered agent's certificate of incumbency are often the only documents a bank can obtain about the company.

Why it matters

Lenders, fund administrators and counterparties ask for a current certificate before a transaction because offshore companies are struck off quietly when fees lapse. A certificate dated months ago does not prove the company exists today.

How Fill Easy relates to it

A BVI company search or Cayman company search through CorpVerify returns the registry's record and, where the registry issues them, the certificates it offers, with the price and turnaround confirmed with the order.

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