Hi
I'm steadily building up my domain name collection and have decided that I'd like to go offshore. I've searched the net for information on this but all I can find are sites offering to set up IBCs in various offshore jurisdictions. None of these sites seem to provide *clear and concise* information. Also, the prices vary greatly.
I am looking at the British Virgin Islands (BVI) and came across http://www.netincorp.com - their prices seem particularly attractive, especially the different packages they offer which include things such as mail forwarding, nominee director appointment and apossilation of documents.
The problem is; I don't know a great deal about all of this. I'm learning, willing to learn more and looking for advice.I figured I might be able to get it in here, since I have read this forum since it opened, and know that a number of domain name owners have incorporated in the BVI, the Cayman Islands etc.
What sort of fees should I be looking to pay to set up a BVI company and also on an annual basis? Do the fees at the site I listed look favourable? They seem better than elsewhere to me.
Also, whilst they probably are, how do I know that these places offering offshire incorporation are 'legit'?
Okay I can pay by credit card so it's protected. They'll also send me a load of documents by courier. However since I don't know the people setting up the company on behalf, and will never meet them, how would I know what I got back was actually 'legal'?
Many of these places give the option to appoint nominee secretaries and nominee directors. They'll also refer you to a bank to open an account.
The idea of having a nominee director to take instructions, such as signing contracts, does sound appealing. However couldn't I just 'invent' a ficticious person to act as a director instead? Then if any contacts or whatever needed to be signed, they'd be sent to the BVI address, forwarded onto the remote address where I would pick them up and sign them (obviously as the ficticious director).
If I elect to have a nominee director, does that mean they are equal to me (I myself would obviously be a director too) or is it the case that I (and whoever else) are directors (as listed on the company records) and the nominee is a pseudo director authorised to take instructions from the actual directors?
See, I am not totally sure on the technicalities.
If I also wanted to open a bank account, I'd probably want to be the only person (as well as any other real person I authorise) to be able to access it. Would the nominee director or secretary be able to access it? I am asking this because, like I said, I wouldn't know who these people were and thus I'd be wary of money disappearing and not being able to sort it out since I'd not be in the BVI myself.
I hope it's okay for me to post this here. I do think it's appopriate because I know that a number of domainers are 'offshore' (Anything.com, NameAdminInc etc) for various reasons. I am sure that others have considered it but it's complicated; finding out what the correct information is in relation to it and avoiding being ripped off.
Information appreciated.



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I figured I might be able to get it in here, since I have read this forum since it opened, and know that a number of domain name owners have incorporated in the BVI, the Cayman Islands etc.




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