We invite you to read this FAQ that could meet your possible questions
Can you cash checks on the account and in what timeframe?
In most cases, banks do not cash your checks, before at least a 6 month period of trust. The deadline for cashing a check abroad is long (2-4 weeks) and, if unpaid, the bank is obliged to charge you for the risk that it is empty for the time of the payment problem.
Is there a dedicated contact at the bank?
As in any bank, account managers are assigned to each account. They may be contacted by any means at your convenience (phone, fax or email). Exception for some banks: all operations are done through your Internet Bank.
Where is the bank?
Is it possible to do their banking online?
What is the limit for transfers from a distance?
How quickly does a bank transfer in or out?
An incoming payment takes on average 24 hours to get credited to your account. Outgoing transfers made from your account are in debit with a value date, which ensures your recipient prompt payment.
Can we freely use the money?
What happens if there is an overdraft on the account?
What is the minimum amount to open an account?
What is the difference between offshore and onshore?
An offshore company is a non-resident company which is exempt from taxation, which does not file accounts and provides almost complete anonymity. Three conditions must be met: 1) That you be not of the nationality of the country where your company is registered. 2) That you are not a tax resident of the country where your offshore company is registered. 3) What do you do commercially with any company in the country in which you formed your offshore company? An onshore company is simply a country where taxation is more advantageous, such as England or Hong Kong. Taxes are levied, book-keeping is required, but the flexibility of the tax system benefits you in certain situations. You may submit three trade names. We will conduct an availability search of these names with the Trade Register of the chosen jurisdiction. This takes 48 hours.
Who registers the company?
We give instructions to our local agents in each country who realize the full administrative procedures.
Who chooses the name of the company?
You may submit three trade names. We will conduct an availability search of these names with the Trade Register of the chosen jurisdiction. This takes 48 hours.
Is there a physical business address?
Who appears in the statutes?
The director appearing is the Director Nominee. The latter dismisses the powers of the company by signing a Power of Attorney, a document conveying the rights and responsibilities in the company. It is through this document that the bank will recognize you as the beneficial owner of the company and to have only power over any offshore bank accounts. You and your prospective partners are the only shareholders, but you do not appear in the statutes, because the shares are either bearer or held by a Shareholder Nominee.
When and how do I appear?
What is the minimum capital of the company?
Is it possible to have a telephone line or fax to my company?
Who has access to bank accounts?
The anonymity is that the Power of Attorney is a document by private agreement and no copy or record exists. You are, with the bank, known only to have power of an offshore company with jurisdiction over the offshore bank accounts.
Who does the accounting?
Offshore, there is no tax, no accounting, or hold. In European countries, we will file accounting each year.
Template of an invoice with header?
What about the VAT?
What should you pay annually?
At the end of twelve months following the establishment of the offshore company, we will return to you to renew your offshore company: Fees and charges relating to the jurisdiction, the headquarters, the Nominee Director, Nominee Shareholder and the agent local authorized. The amount of the second period is specified in our quotation. We will inform you in time – on average 30 days before the anniversary – of the renewal.
Is it possible to close a company and what is the cost?
It is possible for non-use of the company, and the cost, according to country, varies between 700 Euros and 1000 Euros. The fence will be possible after emptying the bank account of the remaining funds and the bank asked to close bank accounts.
What are the formalities required when a foreign company uses an employee living in France?
What is the creation of the seal / stamp of the company?
What is a nominee director?
What is a nominee shareholder?
In which countries do you open bank accounts?
We can open offshore bank accounts in Switzerland, Liechtenstein, Seychelles, Cyprus, Dubai, UK, Latvia and Hong Kong within our partner banks.
Do I have to physically go to the bank to open an account?
Is it possible to open a private account in addition to the account in the name of my company?
How you do choose the location of the offshore company and its direct debit?
A best suited an offshore company?
We invite you to read this glossary that could meet your possible questions
How to make payment for your services?
Provided for your benefit?
Our estimates are detailed, and we take care of all paperwork to incorporate your offshore company, including any registration fees, head office, the appointment of Nominee Director and Nominee Shareholder, and delivery of original documents. Various documents are required for opening bank accounts: we ensure the supply of bank forms. We track openings of bank accounts and we respond to questions from the offshore bank, until the opening of accounts. We are available for information on banking, your company, how to activate accounts, and other details of your life.
Is the opening of bank accounts included in your prices?
Yes. The opening of bank accounts is included in our services. A company without bank accounts has no reason to exist.
Do we need to move abroad?
No. No travel to the country of registration or the bank is required, and all formalities are taken care of by us. Once your bank accounts are open we will send you, confidentially, your bank details. The bank will directly send your Visa/MasterCard and your access to Internet banking.
What currency is the bank account?
Is it possible to obtain one or more ATM cards for payment?
So how much do you charge with your credit card?
What are the costs, when making a purchase or a withdrawal with Visa or MasterCard?
Is it possible to get a checkbook to the bank account?
Which jurisdiction should I choose for my company?
The most important factor in choosing a tax haven jurisdiction is to ensure that the company will be incorporated in a country with the following features: 1) good communication, 2) political and economic stability, 3) good reputation, 4) the rights of companies adapted. Jurisdictions that we work with have all this support. The most suitable offshore jurisdiction also depends on where you live and your place of business. Generally, we recommend offshore companies in Seychelles (low fees, company formation fast and an excellent level of privacy).