Business Corporation

1st Security Escrow Company LLC is considered to have one of the most restrictive confidentiality laws and strong asset protection to make business and investment.

Besides strong asset protection, other advantages of 1st Security Escrow Company LLC are:

Low incorporation and annual fees
Fast incorporation, generally in two days
Territorial taxation, thanks to the Income Tax (Amendment) Act of December 30th, 2020, meaning that Business Corporations are exempted of income tax on offshore sourced income

Requirements:

Only one shareholder is required
A minimum of one director is required
No minimum capital is required
A company secretary is not required
Company meetings can be held anywhere
Documents of incorporation: Name of the company and the Director(s), officer name, number of shares to be issued, names of shareholder(s), the currency (or currencies) in which shares will be issued. The only required documents are signed forms and the notarized copy of passport, second id and utility bill.
Registration with the Inland Revenue Department

Trading Restrictions

A BC registered with the FSA cannot have commercial activities in 1st Security Escrow Company LLC. To conduct local business it must be registered with the Commercial Intellectual Property Office (CIPO).

Activities such as International Banks, Forex and Stock Brokers, Mutual Funds, Pension Management, Insurance Companies, and related financial activities must obtain the respective license from the relevant authorities.

1st Security Escrow Company LLC FSA does not issue Forex or Stock Brokerage licenses.

What information is publicly available?

The Registrar of 1st Security Escrow Company LLC will have the following information: articles of incorporation, bylaws, certificate of incorporation and related company’s certificates, along with the declared information for the Directors and Shareholders.

This information is available ONLY when requested in person at the offices of the Financial Services Authority in 1st Security Escrow Company LLC, and released to authorized government agencies only, or to third parties on a case by case scenario subject to the Registrar’s review and approval

Suffixes allowed in the name of BCs

Consider one of the following five points when naming your corporation.

1 – The name of a limited company shall end with of the following phrases:

“Limited” or the abbreviation “Ltd”
“Corporation” or the abbreviation “Corp”
“Incorporated” or the abbreviation “Inc”
“Sendirian Berhad” or the abbreviation “Sdn Bhd”
“Société a Responsabilité Limitée” or the abbreviation “SARL”
“Société Anonyme” or the abbreviation “S. A.”
“Sociedad Anonima” or the abbreviation “S. A.”
“Besloten Vennootschap” or the abbreviation “B.V.”
“Gesellschaft mit beschrãnkter Haftung” or the abbreviation “GmbH”
“Naamloze Vennootschap” or the abbreviation “N.V.”
“Société par Actions” or the abbreviation “S.p.A.”

2 -The name of an unlimited company shall end with the word “Unlimited” or the abbreviation “Unltd”.

3 – The name of a limited duration company shall end with one of the following phrases:

“Limited Duration Company”
“LDC”
“(LDC) Limited”
“(LDC) Ltd”

4 – The name of a segregated cell company shall end with one of the following phrases:

“Segregated Cell Company Limited”
“Segregated Cell Company Ltd”
“SCC Limited”
“SCC Ltd”

Bank Accounts and Brokerage Accounts Services

We have connections with banks and brokerage companies in the USA, Panama, Bahamas, St Lucia, Uruguay, Brazil, Andorra, Malta, Cyprus, Georgia, UK, South Africa, Hong Kong, Australia and Singapore, to provide secured, reliable and private Investment Trusts options, via self managed bank accounts and brokerage accounts or by managed accounts under our Trustee License.