How to choose the right 'offshore'-package provider?

[spirit123]

I have asked this question in another thread, but decided to make a new thread about the topic,

Because in my research I have encountered quite some firms or sites that offer offshore packages. But how does one know that you are 'talking' to the right one.

Isn't this business just waiting for crooks to take your money and never to be heard of again..and what do you do when that happens and you can't go to authorities to complain about it?

I have noticed that many sites, take the bulk of your money first and then 'deliver'. Isn't there any one out there that takes part of the sum in advance to startup the work and everything is paid in full on delivery of what has been agreed upon? Are there firms that work on an escrow basis?

What do you look at or do to make sure that you are dealing with the right partner for your offshore needs?

thx..

[Offshore Service Provider]

Hi Spirit, thats the spirit in doing good dealings. Please visit my website www.glo-consult.com and also quote GG in the subject enquiry when contacting us.

Now coming to escrow model, we do have clients that come based on arrangements like this only. My way of professionalism in my approach is much more comforting for the client to work with.

Say an incorporation may cost in the range of 1,000 to 10,000 dollars. Once I receive the KYC documents from the client, I will kick for the incorporation and will require only amount that will be paid to the Authorities as Government fees. Then after having completed the set up, with certificate of incorporation and license with account opening, I will require the full amount of my services to be paid. The client will have full trust that his services has been completed.

Hope this is a good start of your thread.

Cheers

[wmXchange]

Originally Posted by spirit123

What do you look at or do to make sure that you are dealing with the right partner for your offshore needs?

First of all you must be sure the services provider have the right license for the services/products you want to get from them. Its best if you choose a firm that has a license in their name for the services/products they offer.

There are a lot of intermediaries on the Internet without a proper license that offer offshore services using the services of an licensed firm. They put themselves between you and the actual offshore provider and increase the actual services/products fees of the offshore provider with their own fee.

For example, instead of paying 600$-700$ for an Belize IBC directly from an firm licensed in Belize that offer incorporation services, you will end up paying 1000$ or even more to an intermediary that all they do is just to pass your order and a cut of your payment to the licensed firm in Belize.

The problem with this intermediaries is that after a while most of them disappear and leave you with the hassle of keeping your company alive. In the end you will end up contacting directly your company registered agent, that is in fact the licensed firm in Belize that incorporate your company and will have to sign a new services agreement with them, pay new fees, submit KYC documents and so on.

So to avoid such hassle is best if you avoid intermediaries and deal from the start with an local licensed firm.

All offshore jurisdictions have some local authority that is responsible for licensing the offshore services providers, and usually this local authority have a website where they list all the licensed offshore services providers for that jurisdiction, with their contact details (phone, email, website).

This can be a good point from where you start your research. You can check the websites of all the licensed services providers and choose one or two that suits your needs.

After that do some research on google about that providers and see what came up. If you find complains about one of the providers than you must be very carefully not to end up like the people that made the complains. But keep in mind that if somebody you don't trust say something good or bad about another person/business this doesn't mean is 100% true.

After your research turn out some good providers contact them and ask all your questions regarding what services/products you want to get, including terms, prices, KYC policy, refund and so on.

After you see how quick and how good/professional they reply to your inquiry you can choose the provider you thing is the best for you.

[spirit123]

Originally Posted by wmXchange

First of all you must be sure the services provider have the right license for the services/products you want to get from them. Its best if you choose a firm that has a license in their name for the services/products they offer.

There are a lot of intermediaries on the Internet without a proper license that offer offshore services using the services of an licensed firm. They put themselves between you and the actual offshore provider and increase the actual services/products fees of the offshore provider with their own fee.

For example, instead of paying 600$-700$ for an Belize IBC directly from an firm licensed in Belize that offer incorporation services, you will end up paying 1000$ or even more to an intermediary that all they do is just to pass your order and a cut of your payment to the licensed firm in Belize.

The problem with this intermediaries is that after a while most of them disappear and leave you with the hassle of keeping your company alive. In the end you will end up contacting directly your company registered agent, that is in fact the licensed firm in Belize that incorporate your company and will have to sign a new services agreement with them, pay new fees, submit KYC documents and so on.

So to avoid such hassle is best if you avoid intermediaries and deal from the start with an local licensed firm.

All offshore jurisdictions have some local authority that is responsible for licensing the offshore services providers, and usually this local authority have a website where they list all the licensed offshore services providers for that jurisdiction, with their contact details (phone, email, website).

This can be a good point from where you start your research. You can check the websites of all the licensed services providers and choose one or two that suits your needs.

After that do some research on google about that providers and see what came up. If you find complains about one of the providers than you must be very carefully not to end up like the people that made the complains. But keep in mind that if somebody you don't trust say something good or bad about another person/business this doesn't mean is 100% true.

After your research turn out some good providers contact them and ask all your questions regarding what services/products you want to get, including terms, prices, KYC policy, refund and so on.

After you see how quick and how good/professional they reply to your inquiry you can choose the provider you thing is the best for you.

Hmm thank you for this very good input

I am going to look for a list of registered agents

[slogold]

it is not that simple, there are benefits with both ways, local providers have lower prices, but they lack international information, one day we talked with one Belize provider and they try to convince us that Belize do not have any agreement signed, but we showed them that they were wrong

[Barron]

Originally Posted by slogold

it is not that simple, there are benefits with both ways, local providers have lower prices, but they lack international information, one day we talked with one Belize provider and they try to convince us that Belize do not have any agreement signed, but we showed them that they were wrong

I think you're right on that one, most ppl want information on several areas and on which ones suite their needs best. They need someone to give them a more global view with more than one option, best regards

[luckystrike23]

I think the way to go is to ask pertinent questions and trust your instinct!!

For instance I've asked some of these consultants a fairly simply question:

The Isle of Man will start divulging information on client banking details coming this July. Does the EU information sharing apply just to individuals or also corporate companies in the Isle of Man?

I haven't received many responses from these professionals on this!

Also, look at Offshoreprivacy - he seemed a fairly professional individual but his trust scheme based in Germany sounded shady. Offshoreprivacy seems to have disappeared now.

[zgp]

Barron trashed his trust scheme a lot. Now it seems that Barron was right. That trust probably attracted lots of bad people and now OffshorePrivacy is in trouble. If I was him, I would disappear like Jason Bourne in the 2nd part of the trilogy, but I would get myself a better looking girlfriend.

[Barron]

Originally Posted by zgp

Barron trashed his trust scheme a lot. Now it seems that Barron was right. That trust probably attracted lots of bad people and now OffshorePrivacy is in trouble. If I was him, I would disappear like Jason Bourne in the 2nd part of the trilogy, but I would get myself a better looking girlfriend.

I had a different opinion than him on a point, it's unlikely that this trust would attract the wrong kind of ppl where it is. The wrong kind of ppl wouldn't go there, they'd try to find something else if they even could.

I agree with you about the girlfriend part though, she wasn't that great, lol

[Offshore Service Provider]

Hey Spirit,

Try and visit www.glo-consult.com and quote GG in your online inquiry. I will love to respond to you.

Cheers