When, due to various reasons, the life cycle of an offshore company comes to an end, its owner faces the question: how to liquidate an enterprise correctly and legally? The decision to close offshore may be due to economic unjustifiableness of business, a change in its direction or other circumstances. In addition, such firms are often created solely for the purpose of concluding one major transaction or completing a prospective project, after which they become unnecessary. The termination of support to the company (i.e. payment of the required fees) without official closure may have such consequences as fines, a “black” visa list and even criminal liability. In order to avoid such sanctions, the Finance Business Service experts strongly recommend the offshore company to be liquidated in the manner prescribed by law and offer qualified services in this direction.