An Application for a Certificate of Cancellation of a Foreign Business Trust Registered to Transact Business in Virginia is a form required for the cancellation of a foreign trust authorized to conduct business in Virginia. This form must be completed and submitted to the State Corporation Commission (SCC) in order to officially dissolve the trust. The application must include the name of the trust, the filing date, and the name and address of the registered agent for the trust. There are two types of Application for a Certificate of Cancellation of a Foreign Business Trust Registered to Transact Business in Virginia: the short-form and the long-form. The short-form is for trusts that have been in existence for less than two years, while the long-form is for trusts that have been in existence for more than two years. Both forms require the same information, but the long-form requires additional information such as a listing of any activities conducted by the trust during its existence. Both forms must be filed with the SCC and a filing fee must be paid. Upon approval, the SCC will issue a Certificate of Cancellation.