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Frequently Asked Questions (FAQ's)
What is an Offshore Corporation? An offshore Corporation is an entity recognized by law as a separate "person" with limited liability. A Corporation has the option to sell shares, the right to sue and be sued, and has perpetual existence. How are Offshore Corporations Used? Offshore corporations may be used to own and operate businesses, issue shares, bonds or otherwise raise capital, guarantee obligations, hire employees, buy goods and services, sell goods and services, make contracts, rent office space, maintain checking and saving accounts, and maintain retirement plans for employees. Although most offshore corporations are private and closely held, some are publicly traded on major stock exchanges. What is The Memorandum of Association? The Memorandum of Association is the document which establishes the corporation and contains basic information such as the name, registered agent and office, share structure, and purpose of the corporation. What are The Articles of Association? The Articles of Association or the By-laws in some jurisdictions, are rules the corporation creates for its shareholders, officers, and directors. For example, the rules for issuing and registering shares will be outlined within the Articles of Association. What Does A Corporate Search Reveal? A corporate search will reveal the name of the corporation, the date of existence, amendments, the Register of Directors & Officers, and any other publicly filed documents. Under Bahamian law, there is no requirement that the names of shareholders be filed with The Registrar of Companies. Such information therefore remains confidential. Bearer shares are not permitted under the International Business Companies Act, 2000. Registered share certificates indicate the name of the owner on the document. The name of the shareholder is also recorded in the internal corporate records of the company and is not filed with The Registrar of Companies. Although the registered owner is recorded in the corporation's internal corporate document, it is available only to the directors, officers and shareholders. Shelf-Companies are ready-made corporations that have been created to meet a client's immediate needs. A Registered Agent is required to ensure that the corporation has an assigned representative at a known address to receive all service of process (legal notices) on its behalf. The Registered Agent forwards these documents to the address of record of the corporation. Usually, the Registered Agent also provides the Registered Office. The Registered Agent & Office is filed with the Registrar of Companies. Do You Provide Nominee Directors? Yes, we provide nominee directors (minimum of 1), under the condition, that we are the only director(s). Our company policy is that we do not share directorships. A "Maildrop" is a Mail Forwarding Service that allows a person to use their (the Mail Forwarding Service's) address to receive mail and then have it forwarded on to another address where the person wishes to receive mail. This could be to any address in the world from The Bahamas. Mail is sent to the "Maildrop" and is then placed unopened into another envelope and mailed to its final destination. As long as your intentions are legal, there are never any problems with authorities. A good, reliable, service does not condone fraudulent business activity. You can still use your regular address to receive most of your mail but your confidential mail goes to the Mail Forwarding Service and then to you.
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