Viewpoints
2019-10-25
Offshore companies, like onshore corporations, use shares to reflect their ownership. Shares are in essence units of internal accounting, which represent a participation of an owner in the company. Taking (or buying) a share in a company means simply that a person has agreed to invest some of his personal money, or assets, or intellectual rights or property into the company. When he does so, he acquires the right to participate in the profits of the company, in proportion to his share. In addition to the right to receive dividend, the shareholder would also usually have the right to participate in the decision-making process of the company – although this may not be the case with non-voting shares. There are a few different types of capital. Authorized share capital This is the total amount of money that the company has been allowed (by its Memorandum of Association) to cash […]
2019-10-25
Seychelles Company Registration Costs Our fees together with the first-year maintenance fee for a Seychelles readymade (shelf) company are USD950 excluding delivery fee. In particular, our fees cover: first year license fee first year registered agent fee and year registered office fee first year nominee company secretary fee One complete company kit including the corporate documents and company seal our incorporation service charges A extra USD200 will be charged if the shelf company chosen comes with a Chinese name. Documents to be provided by client for the purpose of incorporation Photocopy of passport of each of the shareholder and director Residential address with proof, such as utility bills, telephone bills of each shareholder and director Amount of share capital (unless otherwise advised, all company will be incorporated with a standard share capital of USD50,000) and percentage of shareholding by each shareholder, if more than one shareholder A brief […]
2019-10-25
1. Seychelles Company Registration Fee Our services for handling the registration of a new Seychelles international business company together with the first-year maintenance fee are USD950 excluding delivery fee. In particular, the fee covers: (1) first year license fee (2) first year registered agent fee and year registered office fee (3) first year nominee company secretary (4) one complete company kit (5) our incorporation service charges An extra USD200 will be charged for addition of Chinese company name. 2. Documents to be Provided by Client for Incorporation (1) Photocopy of passport of each of the shareholder and director (2) Residential address with proof, such as utility bills, telephone bills (3) Proposed name of the company (at least two in order of preference) (4) A brief description of the principal business activities of the proposed Samoa company (5) Amount of share capital (unless otherwise advised, all company will be incorporated […]
2019-10-25
INTRODUCTION Samoa comprises of several islands situated approximately halfway on a line drawn between Hawaii and New Zealand. Apia is its capital. The population of the islands is approximately 160,000. Originally ruled by Germany from 1889 to 1914, Samoa was subsequently administered by New Zealand until it became the first South Pacific country to gain independence in 1962. Samoa was known as Western Samoa until 1997. Samoa has a parliamentary system of Government with elections every 5 years. There are 47 members of the Legislative Assembly who elect a Prime Minister who, with an eight-member Cabinet and the Head of State make up the Executive Council. Samoa’s legal system has its foundations in English and Commonwealth statutory law. The court system comprises the Magistrates Court, the High Court, and the Court of Appeal. THE OFFSHORE INDUSTRY In 1987 and 1988 Samoa (then known as Western Samoa) […]
2019-10-25
SAMOA INTERNATIONAL COMPANIES DUE DILIGENCE – BENEFICIAL OWNERS SAMOA INTERNATIONAL COMPANIES DUE DILIGENCE – BENEFICIAL OWNERS Samoa has enacted laws to assist in the prevention of money laundering. Those laws require that background information be obtained in relation to the Company. We therefore require information on each Principal Beneficial Shareholder/Owner of the Company, meaning any person beneficially owning 10% or more of the shares in the Company. For each Principal Beneficial Shareholder of the Company we require the following information be sent to Kaizen by airmail or courier before commencement of company registration: 1. A clear certified* copy of the photograph page of their current valid passport, national identity photograph I.D. card or driver’s license that bears a photograph of the Principal Beneficial Shareholder. 2. A clear certified* copy of the residential address proof bearing the full name and full detailed residential address of the beneficial shareholder/owner. Residential address […]
2019-10-25
SAMOA UPDATE – SAMOA INTERNATIONAL COMPANIES AMENDMENT ACT 2014 (“Amendment Act”) The Amendment Act regarding abolition of bearer shares and accounting records keeping for Samoa International Companies (the International Companies? was enacted in 7 April 2014. The main amendments to the International Companies are as follows: – 1. Section 39 – Bearer shares and share warrants A memorandum of a grandfather bearer share company is deemed to be amended with effect from 27 January 2014 to state that the company is not authorized to issue bearer shares or share warrants to bearer, convert registered shares; and with effect from that date, the company shall cease to be a bearer share company. 2. Section 39A – Transitional provisions Any bearer shares or share warrants that have been issued by an international company to bearer prior to 27 January 2014 shall continue for a period of 12 months from the commencement of […]
2019-10-25
1. Samoa Company Registration Costs Our fees together with the first-year maintenance fee for a Samoa readymade (shelf) company are USD1,050 excluding delivery fee. In particular, our fees cover: (1) first year license fee (2) first year registered agent fee and year registered office fee (3) first year nominee company secretary fee (4) One complete company kit including the corporate documents and company seal (5) our incorporation service charges An extra USD200 will be charged if the shelf company chosen comes with a Chinese name. 2. Documents to be provided by client for the purpose of incorporation (1) Photocopy of passport of each of the shareholder and director (2) Residential address with proof, such as utility bills, telephone bills of each shareholder and director (3) Proposed name of the company (4) Amount of share capital (unless otherwise advised, all company will be incorporated with a standard share capital of USD1,000,000) […]
2019-10-25
1. Samoa Company Registration Fee Our services for handling the registration of a new Samoa international company together with the first-year maintenance fee are USD1,050 excluding delivery fee. In particular, the fee covers: (1) first year license fee (2) first year registered agent fee and year registered office fee (3) first year nominee company secretary (4) one complete company kit (5) our incorporation service charges An extra USD150 will be charged for addition of Chinese company name. 2. Documents to be provided by client for incorporation (1) Photocopy of passport of each of the shareholder and director (2) Residential address with proof, such as utility bills, telephone bills (3) Proposed name of the company (4) A brief description of the principal business activities of the proposed Samoa company (5) Amount of share capital (unless otherwise advised, all company will be incorporated with a standard share capital of USD1,000,000) and percentage […]
2019-10-25
1. Scope of Services of Samoa Company Registration Package #SAMIBC03 (1) We will help to incorporate an international company in Samoa with a registered capital of USD1,000,000. In particular, our incorporation services include: (a) Preparation of incorporation documents and filing of the documents with the Registrar for incorporation; (b) Payment of official filing fee (c) Provision of registered office service (first year) (d) Provision of registered agent service (first year) (e) One company kit, including common seal and chop (2) Certificate of Incumbency Application for one Certificate of Incumbency immediately after the company is registered for the purpose of bank account opening. (3) Bank Account Opening Providing assistance to open corporate bank account with a leading international bank in Hong Kong, including preparation of certified incorporation documents as required by the bank, visiting the bank with client, forwarding Internet banking password and security device to client. Please note the bank […]
2019-10-25
Many people think that once the company has been dissolved, wound up or struck off, you cannot restore it to the register. This is a common misconception because you can. If your company in the BVI has been struck off or dissolved, we can assist you having it restored to the register at Companies Register. Our experienced staff will work to restore your dissolved or struck off company quickly and sympathetically with minimum hassle, ever mindful of the urgency and distress that is often involved. To restore or reinstate a struck off or dissolved company and continue trading you need to bring all of the company’s affairs up to date. It is sometimes possible to make an application to release frozen cash or assets and immediately strike the company off again, which is less onerous and often more economically viable, as it avoids a full company restoration. As […]