Ownership and Control of my Offshore Company
How can I be sure that you are not going to steal my money and blackmail me?
Well, we are not in the business of stealing money and blackmailing. As a licensed Registered Agent firm we are monitored and regulated by the Financial Services Commission, which is quite a resourceful BVI Government institution. Any dissatisfied client with a valid claim can directly complain to the Financial Services Commission, in which case we will lose our license and go out of business, in a snap. In addition, we also hold a professional liability insurance coverage. In fact, You might ask this same question the next time You go to Your bank – Your bankers will probably be at loss of words, too.
On a more practical side, an offshore company can be set up in a way that neither the Registered Agent nor any associate or nominee related to the Registered Agent have direct access to company funds and accounts, or even knowledge as to where they are located. Such setup would demand the involvement of the beneficial owner in a sole signatory capacity - which is not the best option for tax optimization purposes - but in this case even a theoretical possibility of embezzlement by any third party is practically eliminated.