Offshore Greece

The procedure for the formation and registration of an Offshore Company is carried out by the registered agents (individuals or companies) in the jurisdictions, which have adopted the laws for the registration of Offshore Companies such as Marshall Islands, Seychelles, Cyprus, Liberia, British Virgin Islands etc. 

a.) The Articles of Incorporation or Memorandum of Association depending on the legal system on which is based the Offshore Company. 

This document confirms the registration of the Company with the Registrar of Companies and includes basic information for the Company, such as its name, the type of shares, the purpose for which the Corporation is formed and its activities. 

b.) The By-laws (or the Articles of Association, depending again on the legal system) contain the internal organization of the Corporation and determine the rights and obligations of the persons who are related to the existence and operation of the Company.

The By-laws can be amended by resolution of the board of the Company's directors, or by resolution of the majority of its shareholders. 

c.) The shares or the certificates of shares, 

d.) The Company's seal 

The information or documents depend on the requirements of the jurisdiction in which the Company is registered and on the majority of cases these are: 

- The name of the Corporation and the date of registration. 

- The copy of Articles of Incorporation (or Certificate of Incorporation) and By- laws (or Memorandum and Articles of Associations). 

- The name and the address of the registered agent. 

- The names and the addresses of the directors and shareholders. 

The formation and registration of the Company are made and the authorised capital is only nominated (it is not paid up). There is no need for the authorised capital to be increased to correspond to the real value of the Company's property.

The shares or the certificates of shares are issued in registered form or in bearer form according to the provision of the Memorandum and the Articles of Association.

The shares or certificates of shares are delivered to the owners after board resolution and can be easily transferred.

Nominees (directors and shareholders) are the persons who are appointed to be the directors and shareholders of the Company in case the beneficial owners wish to keep their anonymity.

There are specific legal and absolutely legitimate procedures, which insure the beneficial owners completely. Prime Interservices Ltd. may administer the whole subject by securing the legal co-operation of the beneficial owners with a series of documents.

-Reduction of the beneficial owner’s personal liability since all actions, contracts, agreements and activities are made by the Company.

-Separation of business activities and protection of the beneficial owners' assets.

-Reduction of taxation.

-Enhanced flexibility, since all transactions are carried through the Corporation instead of the beneficial owners personally.

-Complete anonymity of the beneficial owners.

-Financial continuity.

-Enhanced financial privacy in a world of inter - connected database.

-Easy and anonymous way of transferring ownership of almost any asset. 

–Minimized economic and political risks.

An Offshore Company can be a useful tool for just about any kind of business or profession. However, experience shows that most Offshore Enterprises fall into one of the following broad categories:

a.) For Import or Export Companies and International Trading Companies either outside or within the EU (where the company is registered within EU for VAT). In general, the Offshore Company can be used between the buyers and the sellers as an intermediate Company, acting independently.

Offshore Global Services Inc. is an international company specialising in the formation, registration and administration of Offshore Companies of any jurisdiction.

a.) The charges for formation, administration and maintenance.
b.) The communications and the political stability.
c.) The double treaty agreements signed between the specific jurisdiction and the other countries with which the Offshore Company will come in contact during its activities.
d.) The legal system in which the Corporation is based.
e.) The speed with which the various documents are processed and delivered.
f.) The information which is kept into the public files and concern the Offshore Company.

The cost of an Offshore Company depends on the jurisdiction and the additional services the beneficial owners wish to receive. Our current prices can be given on request.

The attached application form should be filled and sent to Prime Interservices Ltd. who handle the whole procedure and deliver to the clients the documents applicable to the Offshore Company ready for further use.

The typical mistakes made in the operating Offshore Companies are failures to follow formal corporate procedures (documents, resolutions, book of accounts - where they are required). Observing the correct corporate procedures means keeping all the proper documents with respect to the appointment of directors, issue the waiver of meetings, record the minutes of meetings, the issue of shares. Shareholders’ meetings may have to be connected at prescribed intervals and records tο be kept. When the Company opens bank accounts or enters into contracts, directors' meeting must be held, resolutions passed and minutes kept. Likewise proper books of accounts should also be kept. These matters are often neglected particularly if the Corporation is registered in a jurisdiction where filing of audited accounts, or names of directors and shareholders in the public registry is not compulsory. The failure to observe the proper corporate procedures is likely to expose the Company to the risk of legal dispute or to invalidate it.