The annual renewal fees are required in order to maintain your company in good standing and to operate and act on its business activities. All companies are required to pay annual renewal fees in order to maintain its good standing status. Due dates for the annual fee are determined by the jurisdiction in which the company is incorporated in. Annual fees are also required to maintain the registered address of the company. As part of the incorporation price that you have paid, Pearlem offers an official registered address for your company.