1. 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.

2. Do I have to keep financial records for my offshore company in the registered office?

No, there is no such requirement. You can keep your offshore IBC records anywhere you wish.

3. How safe is it to mail credit cards if they can be lost or stolen?

Almost 100% safe. The bank, not our company, sends the cards directly to you. And even if your card is lost or stolen, nobody will be able to use it. To activate your card the bank needs the confirmation number from you personally. And you can only do it after you have received your card.

4. How long does it take to set up an offshore company (IBC)?

Once the payment and all the required information are received from our clients, the documents will be dispatched the next working day by courier post (FedEx or DHL) from Dominica.

5. 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.

6. 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.

7. 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.