Home » Business & Work

Reliable Offshore Company Incorporator

Ranked #11,335 in Business & Work, #271,164 overall

Finding a reliable offshore company specialist

Most people who are looking into using an offshore company have only heard of one or two longstanding jurisdictions such as BVI and Cayman, and are fueled with the potential of minimised tax liability. Beyond this vague knowledge, the wide selection of jurisdictions and offshore products remains unknown.  

We have encountered numerous cases in which the clients were previously recommended the wrong offshore jurisdiction for their businesses or personal objectives.  Hence, they ended up having to incur additional and unnecessary costs to rectify an error of judgment (which was not theirs).

We hope that this article will serve two groups of people well - those who are unsure of the requirements of setting up an offshore company, and those who would like to set up an offshore company but is concerned with the dodgy internet offerings.  If the decision of choice rests on Quality vs. Value, do pick one that is reliable and professional.  "These days man knows the price of everything but the value of nothing..."  - Oscar Wilde 

Surely, you do not want to make a full payment upfront and find that the company did not have a physical office.  In some cases, the person that you have been emailing and speaking to over the telephone suddenly stops replying your email and can no longer be contacted on the telephone after you have made your payment!

Before committing to an order, we recommend that you run through our due diligence checklist, in the next section below.. Please keep in mind that the checklist should only be used as an additional evaluation measure. It is not exhaustive, and should not be relied upon as legal advice.  (Disclaimer: We are not solicitors, and we do not offer legal advice. When there is a need for clarification on the points raised in this article, please check with your own solicitor.)

If you have the opinion that professonal reliability is an important issue, and that the due diligence is a tedious process which does not guarantee the delivery of good quality service, we will be most happy to offer our assistance if you email us.

DUE DILIGENCE CHECKLIST

1. Is your email answered promptly by the consultant?


2. Are your questions answered as expected of professional standards?


3. Is the Service Provider using a "virtual" office address or using a professional answering service?


4. Is there a real physical office with full-time employees whom you can speak to?


5. If you are in another country outside that of your service provider, can you get a business associate to visit the office of your service provider?


6. Are you given sufficient and relevant information to make a purchase?


7. Are PAYPAL, E-GOLD, Western Union the only modes of payment?


8. Does the service provider have an account with a reputable bank and the account name is a registered business name?


9. Have you done a check on the legal status of the registered company name of your service provider?


10. What about reliable third party references that the service provider can provide?


Footnote


If you  happen to suspect that the service provider is a scam website, please do not hesitate to report it to the relevant authorities of your country.  Internet scam sites are increasing and it is our duty as netizens to try and do our part to curb these scamming activities.

Great Stuff on Amazon

Loading

ROGUE REGISTERED AGENTS

Many on the prowl..

man in dark sunglassesThe spotlight is on the client who purchase an offshore company. He or she will have to complete a set of due diligence forms for the Registered Agent (and banks), go through stringent interviews (basically to establish why and for what reasons or use he or she has for the offshore company). Why? Because these are the rules and regulations set by OECD and in turn adopted by the various Central Banks of certain reputable financial centres. The reason - AML (Anti Money Laundering), Terrorist Activities, Tax Avoidance/Evasion crimes. But what about protecting clients from rogue registered agents (in the offshore jurisdictions) who flood the internet space with their impressive websites to lure unsuspecting clients to pay upfront for services that will never be delivered? What about the registered agents who participated in internet scams and who are ciminalised in their county's courts? The regulatory authorities who introduced guidelines for due diligence procedures should equally be bringing such rogue activities to light, creating more public awareness and caution in dealing with the rogue agents.

New Amazon Plexo

1

Vote Up
Vote Down
Individuals' use of offshore holding companies.(part 2): An article from: The Tax Adviser by Paul M. Schmidt, Todd C. Lady

Individuals' use of offshore holding companies.(part 2): An article from: The Tax Adviser by Paul M. Schmidt, Todd C. Lady

This digital document is an article from The Tax A more...0 points

2

Vote Up
Vote Down
Footloose - Charlie Smith\'s Offshore Chronicles by Fred Sharp

Footloose - Charlie Smith\'s Offshore Chronicles by Fred Sharp

Offshore and off-the-wall -- Charlie Smith\'s capr more...0 points

3

Vote Up
Vote Down
In Colorado action by off-shore company against its Swiss administration company, Tenth Circuit upholds dismissal for lack of minimum contacts where Colorado-based ... An article from: International Law Update by Gale Reference Team

In Colorado action by off-shore company against its Swiss administration company, Tenth Circuit upholds dismissal for lack of minimum contacts where Colorado-based ... An article from: International Law Update by Gale Reference Team

This digital document is an article from Internati more...0 points

by

PB

Hi there! We are the owners of PB Corporate Services, a company formation specialist firm conveniently based in Singapore's CBD (please see photo).
Our... more »

Feeling creative? Create a Lens!

Explore related pages

Related Tags