Posts Tagged bearer shares
Mechanisms to Archiving Anonymity with your Offshore Company
Posted by peter in Cyprus Company Formation on February 4, 2009
The ability to hide your identity is essential for authors who want to commit activities through the use of an offshore company for conducting business in a gray zone area .
Cyprus, while foreign companies and companies in general, provide a degree of “natural”, the anonymity of its owner, anonymity can be enhanced by using a variety of mechanisms, such as shareholders and administrators candidate.
These mechanisms can be used to conceal the identity of the owners of the authorities.
Cyprus within your company, you can not hide the identity of the owners of the authorities, because they require the beneficiary to be effective in their archives.
To avoid the registration of the owner, you can have another company, for example, into the sea to be the owner of your company in Cyprus, Seychelles offer 100% anonymous, but the limits of their opportunities.
In most other offshore jurisdictions main instrument used to record anonymous, are:
Bearer shares
Bearer shares are negotiable instruments which gives the property to the person holding the share certificate in bearer form.
Nominee Shareholders
Nominee Shareholders are used in most provinces. Regarding the shares traded, the candidates (registration of stocks) are common and legitimate, which is used to facilitate clearing and settlement of transactions.
Nominee Directors and corporate directors
Managers and directors of companies as ( “Company”) May also be used to conceal the identity of the beneficial owner, and makes use of the information provided to the Registrar of Societies less useful.
For more information or to register an offshore company Cyprus please contact the authorities cclogic.com have specialized in the formation of offshore and offshore bank accounts for
different services such as merchant account and payment processing,
The major benefits of establishing an Offshore Company for instant in Cyprus!
Posted by peter in Cyprus Company Formation on January 21, 2009
Much have been said about Offshore Company Formation and especially company formation in Cyprus, we have been through the topics of assets protection, how to establish an Offshore Company for instant in Cyprus and Offshore companies in other countries.
While we try to give you in depth going information about the phenomena “offshore company” to prepare you for starting your own offshore company in all areas of the world and of course also for establishment of Cyprus Companies, then we decided to highlight a few things which we think are of interest for you and has some grade of importance.
It is a fact that you are able to hide and shielding assets from creditors and other claimants and that it is an efficient way to use an offshore corporation for this purpose, many will define this step as illegal and unethical, however this isn’t your problem, since to operate a offshore company is not illegal as long as you comply with the local regulations in the jurisdiction the company formation take place.
Some say “ Corporate vehicles can also be misused to hide and shield assets from creditors and other claimants, such as spouses, heirs, and tax authorities” Again true. And they continue
“ The obscurity provided by certain types of corporate vehicles can be exploited to conceal the existence or ownership of assets in order to keep them out of the reach of creditors and other claimants. In some bankruptcy cases involving individuals, for example, funds have been siphoned out of one jurisdiction through shelf companies and trusts incorporated in other jurisdictions where it was extremely difficult to trace beneficial ownership”
So you are good Sherlock and I think in many cases it is not ethical right to hide and protect your assets from other peoples, creditors or any claimants, however, there are circumstances in which I believe it is a great to use your offshore vehicle as for this purpose. I have seen some cases where a 100% legit company was driven by an entrepreneur and which only hardly got the thing to take off, so he decided to take in partners which was people from the big business, what they did, they cheated the a.. out of my client and he was left with only a few percentage left of the company he started and with a huge load of owing money to others. If something would go wrong he would have lost everything if the client hasn’t protected his assets through an advanced offshore company structure before he started. The business partners took over the business and threw him out, in the believing that they could manage the business themselves.
I advised my client to strike off his position as manager and to leave the company and go. So what this story tells is that it would have been a disaster for this person if he wasn’t able to use an offshore corporation as instrument for protecting the assets.
Some examples of misused offshore vehicles are below and which the author of this article of course not comply to or in any way find acceptable, but it gives an idea of why authorities worldwide are chasing offshore corporations driven by experienced business people.
For instant it has been reported that former Philippine President Ferdinand Marcos used a number of Lichtenstein foundations to hide money stolen from the Philippine treasury. This is obviously not correct and something he needs to be punished for by court order.
Thank you for your reading and we hope to be able to serve you once in a while when you decide to register a Cyprus Offshore Company or need a Cyprus Bank Account or just want to Accept Credit Cards on your Website. Then please contact cclogic.com | Please also feel free to visit our Merchant Servise Discussion Forum
Bearer shares a great way to protect your company shares.
Posted by peter in Cyprus Company Formation on January 11, 2009
In certain jurisdictions, bearer shares have common legitimate use, such as to facilitate the transfer of shares and to avoid costs associated with the transfer of registered shares ( stamp duties, expenses incurred through the use of a notary, cost of printing new registered share certificate, etc.)
However, in certain jurisdictions and in certain commercial contexts, the high level of anonymity that bearer shares provide make them attractive for nefarious purposes, such as money laundering, tax evasion and other illicit conduct, especially when they are issued by private limited companies.
Bearer shares are permitted in many (but not all) jurisdictions, both onshore and offshore. However for instant in Uruguay it is the most common thing to form the company by using bearer shares, same in the Netherlands Antilles.
In many continental European jurisdictions, public limited companies are permitted to issue bearer shares while private limited companies are not allowed to do so.
In Gibraltar, for example, an exempt company may issue bearer shares but they must be disclosed to the authorities. Furthermore, the names of the beneficiaries must be disclosed to the authorities. Therefore Gibraltar lost their privilege as Offshore Jurisdiction and as TAX haven; it isn’t of interest for businesses or individuals to form companies there any longer.
Corporate service providers regularly design structures to ensure that the beneficial owner remains anonymous and often act as the intermediary between the client and the authorities in the jurisdiction of incorporation.
For Offshore Company Formation (IBC) or Cyprus Bank Account, please contact cclogic.com we have specialized our services to warrant your anonymity.
Offshore Company Experts
