Q: Who are you?
A: We are Corporate Service Providers and business people, originally established over 15 years ago on the Isle of Man, now with offices in, UK, Canary Islands, Nevis, Delaware and our head office in Gibraltar- Now known as the Octopus Group.
Our experiences in the offshore world have been attained personally, as our key personnel have all had their own profitable businesses.
” Our team are able to chat on a one to one basis with our clients, rather than dictate scripted, unfounded or un-challenged structures. Our team are here to help discuss your business problems both on-shore and offshore.“
We are not accountants or solicitors, but licensed company managers. Additionally we do have at our disposal a vast array of internationally qualified accountants, lawyers, solicitors and professional people that we work closely with on a day-to-day basis.
Q: Who are the nominees?
A: The Nominees in all cases are Offshore Companies. The jurisdiction of those companies will usually be different to the jurisdiction in which your company would be registered. Therefore creating a “significantly” strong structure. Our Nominee companies are ultimately controlled by our Board of Directors, who again are in various jurisdictions around the world.
Q: How safe are the structures?
A: We are always careful to match the right jurisdiction for registration of your company to your worldwide needs and your location. Therefore ensuring that you, your company bank account, your company or your client base are not in the same country.
This creates a very secure uncompromising structure. In other words, if any official were trying to trace your ownership they would have many courts around the world to apply to before they established that the company had nominees as its Shareholders, Directors and Secretary, and there would be no mention of your name on public record.
Q: How safe are my assets and money?
A: In other words you want to know if we can run away with your money or the properties that you have bought in the company name?
Don’t worry every client gets around to this one eventually!
We have a responsibility to you as our client to ensure that once introduced to the banks, you would be sole signatory (if that is your preference, and it is in most cases). By being sole signatory, it means that we cannot even obtain as much as a balance for you. You interact with the bank on a one to one basis, and it is very secure and confidential.
As for any properties or other assets that belong to your company or foundation, you would always retain all the legal and binding PRIVATE paperwork and deeds of the properties, to prove beyond a shadow of a doubt that those ultimately belong to you, as do the shares of the company and the company’s bank balance.
Corporate Service Providers who advocate the use of Trusts, where the client has absolutely no access to their assets or bank account without going through the trustees are the ones that put the clients at risk! This is not a structure the we entertain.
Q: How do I access my money?
A: With any of our recommended bank accounts you can have an internationally recognized credit/debit card.
All have on-line banking and most have fax indemnity instruction for electronic transfers. And additionally you can chat to the bank using telephone banking as you would any on-shore account.
Q: What security do I have against you?
A: Good question, and again, one that everyone comes to in the end.
We work for you. That’s the basis of it. We have a contract with you, as the anonymous beneficial owner.
We also provide you with signed but undated resignation letters on behalf of the nominee companies. The contract protects both you and ourselves. At anytime that you wish to dispense with our services you simply date the resignation letters and send us a copy. You would then appoint yourself or another company or person, in the place of director and secretary.
Remember, ultimately, we are your employees, paid for on an annual basis. During our “employed” period, we can never gain control of your assets or access your bank accounts, but a little trust on both sides always goes a long way!
Q: Is the company bank account private & confidential?
Which is why we put your company and bank account in different jurisdictions. For example, if you have a Nevis company, with a bank account in the Cayman Islands , neither government holds jurisdiction over the other. Therefore any authorities approaching the Cayman Islands bank for information would not be successful without an international court order first applied for in Nevis, then a second one executed through the Cayman Islands courts. As you can imagine a very lengthy business. However, because the nominees are not based in either jurisdiction, they also cannot be forced to release information.
We can also assure you that we only recommend established and internationally recognized banks. We do not work with banks that are at risk of disappearing over night. Although unfortunately we are not able to offer guarantees.
Q: What is the difference between the jurisdictions you favour?
A: There are over 200 tax efficient jurisdictions around the world, but some are more favourable than others at certain times, although they all do basically the same job for you.
When you first contact us we strive to understand your business model and ascertain your specific needs. We then discuss with you the various pro’s and cons of the most popular jurisdictions. Gibraltar, Seychelles and Delaware for example are excellent for general trading, Nevis and Gibraltar are particularly good for property as is a Panamanian Foundation, which is the only structure that you can “gift” an unencumbered asset into.
From time to time there are changes within the offshore industry and we will inform clients, usually at the time of renewal that there may be a more favourable jurisdiction for them to change to. It can be common business practice to have a company with us for twenty years but have moved its location 3 or 4 times.
Q: Do you “manage” on-shore companies?
A: Dependent on which countries, but yes. We can provide a number of nominee services for a range of onshore companies.
We provide full accountancy, PAYE, and director/secretary services, as well as correspondence addresses, for UK companies.
Q: If its that easy, why isn’t everyone doing it?
A: Ahh, yes! How do you know that they are not??
In all honesty, many people used to think that having an offshore company, trust or foundation was only for the rich.
But how do you think they amassed their wealth in the first place, or hung on to it when they got it?
Many more people every year are looking at offshore options. From your millionaires, politicians, TV stars, highflying business people right down to the hard working business manmaking a few thousand selling handbags on the Internet, they are all doing it.
And why? Because, if there is a legal way to reduce your tax burden, no matter where you are in the world, you have the right to pursue those methods.
Q: Do you ever refuse business?
A: Yes, we do.
We have the right to refuse business in any circumstances. However, the main reasons would normally be because the client is not prepared to convince us of their real business activities and we may then feel that they are involved in a business that we would not be happy to represent i.e. drugs, terrorism or pornography.
On occasions we also have had potential clients who are not prepared to comply with our due diligence procedures. As you can imagine, since Sept 11th 2001 we all have to be on our guard and without knowing who we are representing and what their business activities are we are not prepared to take on high risk clients. However, I will add that all information we hold is kept very confidential and not in your country, or that of your company.