Offshore Company Management
Levels Of Service

An International Business Company can be configured with a number of regular and optional services. This resembles ordering a new car – by installing certain optional equipment the vehicle gets safer, more comfortable and more useful.

It is important to choose the right configuration that suits you best. There is no universal recipe – each person and his business situation are different. What suits one client perfectly can be dangerous for another.

A properly configured and managed IBC, also quoted as “Offshore Company” can provide substantial tax benefits, protect assets, improve business efficiency, reduce costs and maintain confidentiality. An improperly configured business company is a recipe for disaster for the owner and his business.

The necessity for some or all of the optional services will always depend on the actual circumstances of each individual client, and his business. These options should best be considered before placing an order for incorporation, although their integration at a later stage is also possible.

In the following descriptions there will be frequent references to “Client”. For the purposes of this review, the “Client” means the real, beneficial owner of the company or the person who has requested us (the Agent) to form the company, or any other persons whom the beneficial owner has designated or involved in the company structure in any capacity, all such persons being independently introduced by the client himself and NOT controlled or employed by us (the Agent).

International Trade Law

Advising and Assisting foreign individuals and Corporations investing or forming and operating businesses.

Notes On Due Diligence
Know Your Client Rules

For many years some clients of offshore jurisdictions would expect to form an offshore company, appoint nominee directors and then be given complete control of the company’s activities so that the offshore service provider would know nothing of the company’s activities.

The advent of the modern legislation to prevent money laundering has caused significant change in this business over the last few years. Today, the offshore corporate manager will need to be completely informed of the identities of his clients and the nature and details of their business. The logic and reason behind this is quite simple -offshore companies have been used in the past by terrorists, drug traffickers and corrupt politicians to facilitate their illegal doings. To help prevent this from happening, the offshore service provider needs to get acquainted with the activities of his clients.

At the outset the offshore service provider will ask for comprehensive proof of the clients’ identities and contact details. Thereafter – especially if more advanced offshore services are ordered – the offshore manager will ascertain the client’s goals and will also need to assure itself that a particular structure is not being set up to engage in or hide the proceeds of fraud, corruption and all other types of criminal activity. The manager will also check that proposed activities are not “sensitive”, even if legal, for example arms trading. Having established the client’s intentions the manager will then agree how a company will operate.

If the offshore service provider is to provide such advanced services as third-party Director or account signatory, it is important for the client to understand that the offshore Directors’ liabilities are exactly the same as those of any other director. On an ongoing basis the directors are responsible for the good governance of the Company. Therefore, full co-operation with the Client is essential.

COI is licensed to provide all of the company management services as described.