Company Formation FAQ

WHAT ABOUT PAYMENT?
Payment is required in advance for all incorporations. This enables us to keep down our costs and pass these savings on to you, our clients.

CAN YOU OPEN BANK ACCOUNTS?
Yes, we work with a number of banks, both offshore and onshore. Nowadays, all banks require an introduction from someone they already have a relationship with and we can use our relationship to introduce you to a suitable bank.

WHICH JURISDICTION DO I CHOOSE?
There are many to choose from, so it makes sense to contact one of our professional advisors who can give you specific advice depending on what structure you need.

WHAT ARE NOMINEES?
Nominees are individuals that use their name in the company records instead of using yours. This adds to the level of anonymity that we can offer and provide you with the maximum confidentiality. In general, they do not run the company, they pass on this responsibility to you by means of a Power of Attorney.

WHAT IS A POWER OF ATTORNEY?
This is a legal document recognised everywhere in the world as giving the person named in the document the legal rights as specified in the document. Typically, this includes the right to open and operate a bank account in the company’s name and sign contracts on it’s behalf.

WHERE WILL THE CORPORATE DOCUMENTS BE DELIVERED?
Anywhere in the world, by courier, as you so designate.

WHO WILL KNOW I AM THE BENEFICIAL OWNER?
Due diligence requirements require us to know and the bank will always require to know. Some jurisdiction also require this and we always discuss this with you before you choose. In general, we consider this to be highly sensitive information covered by client privilege and as such use all available legal means to ensure your privacy.

WHAT IS DUE DILIGENCE?
All reputable incorporators, banks, accountants and legal firms operate under a Code of Conduct. This Code requires that you “know your client”. This information is private and therefore held under client privilege. By this means, we can help prevent fraud and the spread of criminal activity throughout the world.

WHERE IS MY PERSONAL INFORMATION HELD?
To maxmise security, all personal information is held in Cyprus where the confidentiality Laws are strict. No outside agency can breach these Laws unless they are able to prove a Cyprus law has been broken. For example, non-payment of taxes in another jurisdiction does not constitute a breach of law in Cyprus.

WHAT IF I WISH TO CLOSE MY COMPANY?
We can liquidate your company at your instructions by notifying the relevant jurisdictional authority.

WHICH OFFSHORE JURISDICTION IS THE LEAST EXPENSIVE?
Seychelles.

WHAT IS AN OFFSHORE COMPANY?
A corporation is an entity recognized by law as a separate "person" with limited liability. A corporation has the option to sell shares, the right to sue and be sued, and can have perpetual existence. An offshore company is restricted in that it cannot trade within the jurisdiction of incorporation, but in return it is usually exempted from income taxes.

IS OFFSHORE FOR ME?
HOW ARE OFFSHORE COMPANY USED?
Offshore companies may be used to own and operate businesses, issue shares, bonds or otherwise raise capital, guarantee obligations, hire employees, buy goods and services, sell goods and services, make contracts, rent office space, maintain checking and saving accounts, and maintain retirement plans for employees. Although most offshore companies are private and closely held, some are publicly traded on major stock exchanges.

WHAT ARE STATUTORY DOCUMENTS?
The Statutory documents are the documents which establishes the company and contains basic information such as the name, structure, and purpose of the company. Articles of Association are rules the company creates for its shareholders, officers, and directors. Articles are adopted as one of the first organizational steps in setting up a company.

WHAT DOES A COMPANY SEARCH REVEAL?
A company search will reveal the name of the company, the date of existence, amendments, and any other publicly filed document.

WHAT ARE BEARER SHARES?
Bearer share certificates do not indicate the name of the owner. The certificate is endorsed in blank such that the person having physical possession of the document is the owner. Bearer shares facilitate the transfer of assets because transfer of ownership is accomplished simply by the transfer of the certificate.

WHAT ARE REGISTERED SHARES?
Registered share certificates indicate the name of the owner on the document. The name of the shareholder is also recorded in the internal records of the company.

WHAT ARE OFF-THE-SHELF COMPANIES?
OFF-THE-SHELF Companies are ready-made, never used companies that have been created to meet a client's immediate needs, and avoid the waiting time for formation of a new company. We always have many available.

WHAT IS A REGISTERED AGENT?
A Registered Agent is required by Law to ensure that the company has an assigned legal representative at a known address to receive all service of process (legal notices) on its behalf. The Registered Agent forwards these documents to the address of record of the company.

DO YOU PROVIDE NOMINEE DIRECTORS?
If you so desire, we can provide nominee directors with almost any of the Offshore Companies we offer.

WHO CAN BENEFIT FROM YOUR SERVICE?
- Persons with multinational interests
- Persons with multinational assets
- Persons working in different countries e.g consultants .
- High net worth individuals

HOW CAN Ii GET STARTED?
- All you have to do is provide us with some basic information about yourself, and we will perform a preliminary assessment of your particular circumstances. The results of this preliminary assessment will tell you whether you are likely to benefit from a tax-efficient structure, and will set a protocol by which you can proceed further.
- print, fill out, and fax to us