How long does it take to open an offshore corporation?
Usually, about two weeks. However, you can purchase a ready-made company from our shelf list and have the documents with you within 24 hours.
What is an IBC?
IBC means International Business Company or International Business Corporation. An IBC is a legal entity incorporated in a tax haven which is free from all local taxes (except small fixed annual-fees). The only restriction, which is hardly likely to be a problem for you, is that an IBC cannot conduct business in the country of incorporation. For instance, a company registered in the British Virgin Islands can't open a supermarket there and begin selling to locals.
What are offshore companies most commonly used for?
Offshore companies are most commonly used for offshore banking, to conduct international trade, investment activities, and for asset protection. They can buy and sell goods and services, and operate onshore (UK) businesses. Offshore companies are also used for the ownership of real property and land; for ownership of intellectual property, licensing and franchising; for offshore e-business. These are just some examples; the purposes you use your offshore IBC for depend solely on your imagination.
What are the differences between an offshore company, offshore corporation and IBC?
There is no significant difference between them. They are all offshore legal entities, called by different names in various jurisdictions. Other terms used include non-resident company or corporation.
What is the difference between a registered shareholder and a nominee shareholder?
A registered shareholder is the beneficial (real) owner who records his name on the share certificate and in the Register of Shares as the owner of the allotted shares.
If you choose not to have your name on the share certificate or in the share register as the beneficial owner, we can supply a third party to act as a nominee shareholder on your behalf. Then, although the nominee's name appears on the certificate and in the register, real ownership remains with you because the nominee signs a Declaration of Trust giving up voting rights or the right to sell or transfer the shares.
The nominee shareholder is used where the Companies Registry may be open to public scrutiny, or if the beneficial owner requires a greater degree of privacy. Our company offers this service free of charge.
What's the purpose of a Declaration of Trust by the nominee shareholder?
A Declaration of Trust by the nominee shareholder to the beneficial owner is to ensure that the nominee can't use the shares in any way without the express authority of the beneficial owner.
What is a nominee director?
A nominee director is a third party provided by us for registration as the director of the company. On his appointment at the first meeting of the subscribers to appoint the board, an undated letter of resignation is signed by the nominee director, which can be executed by the beneficial owner at any time. The nominee director also provides the beneficial owner with a General (Unlimited) Power of Attorney which gives total authority and control of the company to the beneficial owner.
What is the purpose of the nominee director?
The appointment of the nominee director is simply to provide anonymity for the beneficial owner. He doesn't assist in the management of the company, nor sign documents and contracts on its behalf. Of course, if desired, a nominee may sign certain standard documents such as contracts, invoices etc.
How do I control my company with a nominee director?
Control over the company is exercised through the General Power of Attorney signed by the nominee director. And, of course, he can be dismissed at any time by virtue of the undated letter of resignation mentioned above. The use of nominee directors and nominee shareholders is routine; so much so that some nominees are directors and shareholders of literally thousands of companies.
Do the banks you represent provide debit cards?
Yes, you can apply for a debit card from any bank we recommend.
What methods of payment do you accept?
We accept payments by Paypal, Western Union, Cheque, E-Gold, Bank Transfer or Cash at our Leicester, UK office, or by Special Delivery.
What other services can you provide?
We can help you with anything at all related to offshore banking, finance and business. If we can't help with something specific we can point you in the direction of someone who can. For example, if a client requests internet marketing advice we can make sure you recieve the best business consultancy services available.
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