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WHO WE ARE OFFSHORE COMPANY MANAGEMENT
If you also are seeking to plan your affairs to maximize fiscal efficiency and to protect your wealth for now and for future generations, or if you want to grow across international borders and wish to achieve financial efficiency, then you should be talking to us. Atrium Offshore specialises in tailor-made solutions for wealth preservation and enhancement and provides tax efficient structures to facilitate cross-border transactions. Our team of specialists with their constant presence and guidance will enable you to make wise decisions and choices. We will assist in the planning and implementation of strategies that will enable you to conduct your financial affairs with absolute confidentiality in an environment free from adverse tax laws. We have excellent, committed, reliable and competent trust and corporate officers with extensive experience in structuring client’s affairs, registering trusts and corporate entities and in administering them. Our philosophy is based on partnership. By building close working relationships with our clients we believe we are better able to understand and meet their individual needs in a professional and responsive manner. Our outlook is global, our solutions may therefore extend beyond the jurisdiction we are based to offer you the right blend of tax, laws and treaties that are best suited to your needs. It gives comfort to all our clients that they are dealing with a well run, efficient firm of the highest integrity and ethical standard. We give the highest priority to confidentiality and to the security of clients’ assets. In addition we are committed to good corporate governance principles and have in place an Audit Committee to ensure that our accounting and reporting framework are within international standards and also to review our internal controls and compliance procedures. We trust you will find in us a vital link for your financial success.
ABOUT ATRIUM Our main focus is in the formation and administration of companies and trusts for clients worldwide. By structuring ourselves as a Management Company, we are now able to provide a broader range of services which covers all aspects of fiduciary and trusteeship services and private wealth management to international clients. Our open-minded approach, service excellence and commitment supported by the use of advanced information systems, have helped to establish Atrium as one of the leading providers of offshore financial services. Our clients include major banking organizations, trust companies, law firms, accountants, tax advisors and other professional advisors located in Europe, USA and Asia. WHY CHOOSE ATRIUM We understand the importance of maintaining the confidentiality for our clients’ business affairs and the security of their assets. When you contact us, you speak to a professional not clerical staff and we respond promptly and efficiently to your e-mail, fax. We fully understand the offshore financial needs of individual clients and the diversified requirements of active business enterprises and can offer solutions best adapted to their present and future needs. We work in close co-operation with a number of respected institutions and experts worldwide to ensure that the highest possible level of service is provided to our valued clients. OUR CORE TEAM OUR SERVICES COMPANY FORMATION SERVICES These Companies provide efficient tax planning structures for investment holding, investment funds, trading, e-commerce and captive insurance.
COMPANY MANAGEMENT AND ADMINISTRATION SERVICES Company secretarial services including holding of directors’ and shareholders’ meetings, minute resolutions passed, maintaining directors’ and shareholders’ minute books. Company support services including registered office facilities, mail forwarding, telephone and facsimile answering services. Accounting services including the preparation of management, consolidated and statutory accounts, calculation of NAV’s, share and portfolio reports and analysis, bank reconciliation, filing of statutory returns, establishing bank accounts and treasury and banking functions, including arranging transfers of funds, standing orders and periodic payments. LEGAL ADVISORY SERVICES Our team approach to legal solutions has been extremely well received by clients particularly those clients with diversified businesses. We pride ourselves on being not just legal advisers but integral and value added members of each client’s business team. INTERNATIONAL TRADE LAW TRUST SERVICES AND INTERNATIONAL WEALTH AND ESTATE PLANNING This involves a thorough analysis of your personal situation that is, your nationality, residence, objectives for your inheritance etc. The solution proposed may take the form of a will, a gift or a change of residence or the setting up a trust. Trust allows flexibility in the acquisition, enhancement, preservation and transmission of one’s property with greater confidentiality and optimal tax planning within a strict legal framework. It also protects against claims based on foreign expropriation and exchange control laws. Atrium Offshore offers comprehensive advice and assistance with the establishment and administration of various forms of trust and asset management. OUR TRUSTEE SERVICES ENCOMPASSES OTHER SERVICES
LEGAL & TAX ADVISE ADMINISTRATION SERVICES OFFSHORE COMPANY MANAGEMENT LEVELS OF SERVICE It is important to choose the right configuration that suits you best. There is no universal recipe - each person and his business situation are different. What suits one client perfectly can be dangerous for another. A properly configured and managed offshore company can provide substantial tax benefits, protect assets, improve business efficiency, reduce costs and maintain confidentiality. An improperly configured offshore company is a recipe for disaster for the owner and his business. The necessity for some or all of the optional services will always depend on the actual circumstances of each individual client, and his business. These options should best be considered before placing an order for incorporation, although their integration at a later stage is also possible. In the following descriptions there will be frequent references to "Client". For the purposes of this review, the "Client" means the real, beneficial owner of the company or the person who has requested us (the Agent) to form the company, or any other persons whom the beneficial owner has designated or involved in the company structure in any capacity, all such persons being independently introduced by the client himself and NOT controlled or employed by us (the Agent). GROUND LEVEL - BASIC COMPANY Registered Address and Resident Secretary are the mandatory minimum domiciliation services. Any company registered in Gibraltar is required by the law to have a local address (Registered Address) and a legal agent in its country of incorporation. The Resident Secretary essentially serves as an intermediary between the owner of the company and the Gibraltar Government. In this capacity the Secretary arranges for the formal annual renewal of the Company with the Government Registrar. This service is provided by us as standard. Without it, the company can not legally exist. Shareholder. In a Basic Company, the actual Client would be directly registered as the Shareholder and the Director. Thus, the client would clearly and publicly appear as the owner and controller of the company. The information of who are the registered shareholders and directors of the company is not confidential! In Gibraltar, this information is directly filed at the Registrar of Companies, showing the names, addresses, nationalities and occupations of the registered shareholders and directors. The files at the Registrar of Companies are available for inspection by anyone. So, it is public information, freely available. Such total lack of owner confidentiality may cause several legal problems. Being directly registered as a shareholder to an offshore company makes the person clearly linked to that company. This may cause punitive taxation if such offshore company enters into business with the domestic company of the same client (the concept of "related enterprises"). It may also involve the client being requested to report and pay tax on his personal income from such foreign shareholding. Director. With a Basic Company the client would also serve as a Company Director. In this official capacity the actual client would fully and personally operate the company - sign in bank accounts, issue invoices, sign all contracts and correspondence. Similarly as with being a shareholder, serving as a Director to an offshore company raises serious legal problems. Again, the offshore company may be considered as legally "related" to the domestic firm of the client. Serving as a Director of an offshore company raises the important legal question of the place of management and control of the company. Many high-tax countries will consider that any company becomes taxable where it is managed and controlled - and this is usually where the company Directors resides. So, if the client serves as a Director of an offshore company, he may be requested that his offshore company reports and pays full domestic tax on its worldwide income. This would usually defeat the whole purpose of having an offshore company. Communications. With a Basic Company the client would be unable to use the address of the Company for receiving or sending out any routine business correspondence, because the Registered Address is not intended for that purpose. The Registered Address does not include any local telephone or fax number for use by the Company. Therefore, the owner of such Company would have to use his own personal or business facilities to conduct correspondence for his offshore business. This could facilitate confusion and would also clearly identify the Company as really "offshore". While having all of these drawbacks, the Basic Company may still be useful for some self-employed globally-mobile individuals who would use the offshore company merely as a separate corporate body to conduct their international activities. In some circumstances such owners may afford not be concerned about being openly registered as shareholders and directors of an offshore company. In these special cases, they would enjoy minimum maintenance cost and a very straightforward company structure. For anyone else a proper management system of the offshore company should be established. This can include the services of a third-party shareholder, a third-party director, an account signatory and various communications services. OPTIONAL SERVICE DESCRIPTIONS
NOTES ON DUE DILIGENCE (KNOW YOUR CLIENT) RULES The advent of the modern legislation to prevent money laundering has caused significant change in this business over the last few years. Today, the offshore corporate manager will need to be completely informed of the identities of his clients and the nature and details of their business. The logic and reason behind this is quite simple -offshore companies have been used in the past by terrorists, drug traffickers and corrupt politicians to facilitate their illegal doings. To help prevent this from happening, the offshore service provider needs to get acquainted with the activities of his clients. At the outset the offshore service provider will ask for comprehensive proof of the clients' identities and contact details. Thereafter - especially if more advanced offshore services are ordered - the offshore manager will ascertain the client's goals and will also need to assure itself that a particular structure is not being set up to engage in or hide the proceeds of fraud, corruption and all other types of criminal activity. The manager will also check that proposed activities are not "sensitive", even if legal, for example arms trading. Having established the client's intentions the manager will then agree how a company will operate. If the offshore service provider is to provide such advanced services as third-party Director or account signatory, it is important for the client to understand that the offshore Directors' liabilities are exactly the same as those of any other director. On an ongoing basis the directors are responsible for the good governance of the Company. Therefore, full co-operation with the Client is essential. Atrium Offshore is licensed to provide all of the offshore company management services as described above.
OFFSHORE INCORPORATION SERVICES FREE CONSULTANCY |
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