Flexibility and easy way of company establishment 6. Who uses offshore?
• High net wealth individuals: International Investors, Entrepreneurs, Property Owners • TNCs: Financial institutions and Financial institutions • The Offshore Sovereign States 7. What are the company registration documents? In the majority of the countries the company’s registration documents include a Memorandum and an Operating Agreement. Usually, the Memorandum consists of the following sections: • a name of the company • an address of its registration office • the purposes and powers of the company • position about restriction of the responsibility of shareholders • the size of the share capital, number of shares and their face- value • the subscribers meeting in regards of the company establishment The Operating Agreement, as a rule consists of the following items: • shares issue requirements • the measures applied in case of shares non-payments • transfer of shares • increase or reduction of the capital • distribution and reception of loans • meetings of shareholders • director’
