Fiduciary Services
A fiduciary duty is the highest standard of care in either equity or law. A fiduciary is expected to be extremely loyal to the person to whom he owes the duty (the "principal”)
The Fiduciary part of our work is by definition a heavily controlled and supervised service area with extremely tight internal controls, procedures, authorization levels and defined security levels to ensure the full protection of our clients' interests and assets at all times.
Our management services include, but are not restricted to:
Provision of shareholder services
As part of protecting our clients’ interests and providing a high degree of confidentiality we are able to offer nominee shareholder services. One of our fundamental principles is the preservation of client confidentiality. Our clients’ personal information will not be divulged under any circumstances, unless required to do so by the Courts of the country where a company is incorporated, as part of an investigation into certain specific criminal activities.
Provision of professional directors
In cases where we are appointing the directors of a company we ensure that the individual members are persons of high caliber, such as Chartered and Certified accountants, lawyers, or persons with a relevant background in relation to the company’s proposed activities.
Provision of secretarial services
In cases where we have been requested to provide a secretary to the company, we shall ensure together with our associates that the company’s statutory books and records are properly maintained in accordance with the laws of the jurisdiction in which the company is incorporated and we shall also make sure that all statutory forms, resolutions, returns, required by the Registrar of Companies are properly prepared and are filed promptly.
Setting up and managing bank accounts
With the ever increasing complexity of anti money-laundering regulations, opening and running bank accounts has become one of the most onerous tasks of operating in a new country. One of our roles can be to manage smoothly this whole process and enable our clients to process payments and do business as soon as possible. We can work with our own local and foreign banking contacts, or with your preferred bank partner, to quickly open an account and establish payment and settlement procedures.
Bank Account Maintenance
Once an account has been established it is important to keep the bank informed at all times with the affairs of a client company. Banks do not react well to unexplained account activity, so if a company's trading pattern is set to change or a large or unusual transaction is about to occur it is always prudent to inform the bank in advance and provide documentation such that the bank can understand and maintain evidence of the wholesomeness and reason for the proposed transaction.
Typically the banks we work with will require some or all of the following information to open and operate an account for a simple company which is owned by individuals (rather than a corporation, trust or other form of entity):
- Duly certified proof of identity of owners, directors, account signatories and all parties connected with the company (passport, national ID).
- Proof of residence of all parties associated with the company in original form or duly certified in a prescribed manner by an officer of the bank or a notary.
- The provision of a curriculum vitae for all owners.
- The provision of bank or professional references for all owners