FAQ

  1. Are any of your tax havens blacklisted?
  2. Is there a difference between the terms ‘offshore company’ and ‘international business company’?
  3. What is an offshore shelf-company?
  4. Are there any hidden fees besides incorporation and annual government fees?
  5. Is it necessary to pay-in the full share capital of the international business corporation when incorporating?
  6. Can I open an offshore account for my IBC?
  7. Do you offer offshore banking services?
  8. Is there any traveling involved in IBC formation and opening the bank account?
  9. Can my offshore company have any name?
  10. Can I incorporate an offshore company without giving my personal information?

  11. Are any of your tax havens blacklisted?

No, none of the tax havens that are recommended by us are blacklisted. As a matter of fact, the last publications of the OECD regarding the matter presented white, gray and black listed countries. Very few countries, none of which are in our list of jurisdictions for incorporation, were blacklisted. A few of our jurisdictions were gray listed, but were eventually white listed by the 2010 deadline that was given to them to meet certain compliance and transparency measures. All of our jurisdictions are thus white listed, due to the level of compliance received from nearly every country that appeared on the list. This led many people to conclude that there are no ‘tax havens’ in the negative sense that was portrayed by the OECD and other organizations.

  1. Is there a difference between the terms ‘offshore company’ and ‘international business company’?

No, ‘offshore company’ can be described as the ‘common name’ for the international business company (IBC). Most international business company acts do not say offshore company, but International Business Corporation or simply Business Corporation, which makes these terms the official name for IBC’s that are incorporated in that particular jurisdiction. But, offshore company is used interchangeably and commonly.

  1. What is an offshore shelf-company?

An offshore shelf-company is an international business company that has already been incorporated but never used. It can therefore be described as being taken off the shelf or ready-made since all paper work and registration would have already been done at the time of being acquired.

  1. Are there any hidden fees besides incorporation and annual government fees?

No. Our company does not impose any fees that the customer is unaware of. In other words, what you see is what you get. You can therefore send in an order and pay online right away based on the prices/costs provided via the website.

  1. Is it necessary to pay-in the full share capital of the international business corporation when incorporating?

No. The jurisdictions that we work with are very flexible in that sense; therefore customers are not forced to come up with the full share capital when they are going through the international business company formation process.

  1. Can I open an offshore account for my IBC?

Sure. Offshore accounts are relatively very easy to open. You must however be mindful of the bank’s requirements and the types of businesses for which offshore banking services will and will not be provided for, such as adult entertainment for example.

  1. Do you offer offshore banking services?

Our company does not operate as an offshore bank. We only incorporate offshore companies and provide introductions to banks with which we have an intermediary agreement. If any help is needed in the event of delayed responses, we can help by getting in direct contact with the bank for you. We are only licensed to operate as an agent and registered office for companies and act in this capacity; not as an offshore bank.

  1. Is there any traveling involved in IBC formation and opening the bank account?

No. You do not need to travel since the entire incorporation process is done via distance and we remain in contact with customers via email, fax and phone.

  1. Can my offshore company have any name?

You can give your international IBC any name as long as it is unique and not yet registered as a business name in the jurisdiction, is not offensive or has words like government, municipality, bank, chamber of commerce, his/her majesty or royalty included. Names must also reflect the type of company which is registered and not be intended to confuse or offend any customer.

  1. Can I incorporate an offshore company without giving my personal information?

For many practical reasons, you will need to give us your personal details. We will need personal details in order to prepare the directors and shareholders registers, to prepare powers of attorney where applicable, to be able to contact you and conduct our routine due diligence. If your intention is to not have your name appear on any of the company’s documents we can provide you with a nominee whose name can appear as director and or shareholder as you instruct. A corporation can also be the director and or shareholder of the IBC and this in itself provides another form of privacy.