Register Shelf Company

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 30, 2009 -- The laws that were formulated by the International Business Corporation is the forefront governing legislation that guides the formation of the famous and much needed shelf company. The IBC Act of early 1990s gives guidelines on structure and the following should be considered:

 The IBC does not demand many directors, only one is needed. Hiring more than one director will be your own liking and choice.

 For register Shelf Company, the nationality or originality of the stakeholders or managers is not defined, they may come from any country.

 One shareholder who can as well be the director is allowed, but the director must not necessarily be a direct participant or stakeholder.

 There is no any statutory requirement for officers but if they are required then they can be the directors and the shareholders.

 There is a slot for nominee shareholder and director.

 Minimum requirement for register Shelf Company is one director and one shareholder. This can also be held by one person.

 Appointment of local shareholder(s) and director(s) has no procedural requirement.

For one also to be successful in registering Shelf Company, the IBC has some provisions on shares and principal requirements which include:

 Any amount of money is accepted as Authorized Capital fee, nevertheless the minimum recommended capital in Seychelles ranges from 100 USD-100,000 USD while in Belize is 50, 000 USD to pay for the legal integration fee.

 There is no capital limit for a Seychelles or Belize company.

 The availability of the Par value is not a necessity while issuing forms.

 Bearer shares are not allowed hence they are only issued in a valid or registered form.

 Shares of either Belize or Seychelles companies may be disbursed in different forms and classification. The Par or Preferential values may either be included or left out.

 Shares may also be exchanged with any other valuable property and in any currency.

 Lastly the share profits may disbursed even before payments are made
It is important that these `countries Seychelles, BVI and the Belize exempt taxes and stamp duties on offshore companies.

I BCs records and accounts must not be in possession of the officers instead if those records are available then they can be held anywhere in the world.

 The IBC does not make it mandatory for annual general meetings but if you must then it can hosted anywhere using any communication media including phones as long as there is effective communication from the stakeholders. Directors meeting are not a must but when a stakeholders or directors meeting are organized then proxy might represent any party or even vote on behalf of a party.

 No need keep prepared financial statement or accounts’ file. The auditor is also not needed. The company should keep copies of the minutes of its directors and shareholders and copies of resolutions the parties any time meetings are held by IBC.

Register shelf company lasts for a maximum, of 4 days and the names must contain phrases or abbreviations like “LTD”, “Limited” ”Corp” “ Corporation” o r “SA” “ Societe Anonyme’.

Release 30.10.09

More information can be found online at http://cclogic.com/register-offshore-company-online/

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