Fiscal Services Limited

Terms and Conditions

1. Fiscal Services Limited, unless otherwise stated, guarantees that all of its own and ready made companies have never traded and that any listed officers and/or subscribers, or their equivalent, have only been employed to satisfy appropriate initial registration requirements
   
   
2. If services are requested then the beneficial owner, or owners, do undertake to supply a valid copy of his/her/ their passport(s) together with a standard letter of indemnity to Fiscal Services Limited its subsidiaries and directors. Once this is done, Fiscal Services Limited undertake to strictly respect "client confidentiality" and will not knowingly divulge any information to a third party save in the case of a proven criminal act or court order from a court located in the jurisdiction of record. Notwithstanding the aforementioned Fiscal Services Limited specifically indemnifies itself against any damages and/or consequent or inadvertent disclosure whether or not the aforementioned service is employed or not.
   
   
3. Where "nominee" facilities are requested the beneficial owner(s) must inform, in writing and with proof of identity, Fiscal Services Limited of any proposed changes to beneficial ownership or equity distribution. If the correct procedure is not adhered to then Fiscal Services Limited will continue to take instructions only from that party/those parties originally named on all original documents. A fee will be charged for cancelling existing and issuing new Deeds of Trust and making appropriate changes to the client file.
   
   
4. It is a strict term of sale that any service supplied by Fiscal Services Limited can only be employed for legal and moral purposes in all appropriate jurisdictions where there is doubt, it is incumbent on the beneficial owner(s) to immediately inform Fiscal Services Limited and seek legal advice.
   
   All British Passport holders and those holding assets or conducting business in the United Kingdom are reminded of the requirement to comply with the United Kingdom Bribery Act 2010. The statute became law in June 2011. Should you have any reservations concerning commissions to be received or paid, or hospitality and entertainment levels we recommend that professional advice is sought, to avoid an unintentional transgression
   
   
5. It is clearly understood that whilst Fiscal Services Limited will endeavour to always provide correct information on all its services, it is not providing legal or taxation advice. Fiscal Services Limited recommends that independent advice is sought from appropriately qualified persons, familiar with a beneficial owners personal circumstances, before proceeding.
   
   
6. With respect to the term client the client is defined as the beneficial owner(s) of the company xxxxxx Limited to which services are provided. Even though the invoices of Fiscal Services Limited will, after incorporation, be addressed to the company, as they may be offsetable against the company's revenue for taxation purposes, should the company have insufficient funds to cover the service charges and disbursements raised by Fiscal Services Limited, settlement of such costs are hereby guaranteed by and accepted by the beneficial owner(s) who acknowledge their liabilities in signing this agreement.
   
   
7. Transfer fees: If a beneficial owner does not require domiciliation (i.e. the provision of a company secretary, registered office and/or agent) or basic mechanism services then a standard "Transfer Fee" of £100 will be charged over and above the listed incorporation fees plus, if appropriate, any government duty and/or disbursement charges.
   
   
8. All beneficial owners undertake to ensure that any company provided, is used correctly and legally. Specifically, beneficial owners undertake to ensure that any and/or all government duties and franchise, or other taxes are paid expeditiously and, where appropriate, bona fide accountancy information is supplied to Fiscal Services Limited and/or designated firms or accountants/lawyers. If late payment is made, it is agreed that all beneficial owners will pay Fiscal Services Limited for any late filing fees/penalties that may have been incurred. The date of receipt for payment equates with the date in which cleared funds, identifiable to the beneficial owners, are received.
   
   
9. All beneficial owners accept that once the application form has been signed there exists a contractual relationship, subject to the terms and conditions herein outlined, binding the beneficial owner to pay for the ordered services and for Fiscal Services Limited to supply the aforementioned. If a client wishes to cancel an order no reimbursements can be made save, and totally at the discretion of Fiscal Services Limited, where notification has been received within 48 hours.
   
   
10. Whilst it is Fiscal Services Limited's policy to maintain consistent fees and services, unforeseeable changes in market conditions, offshore legislation and/or other factors demand that Fiscal Services Limited reserve the right to amend its fees and/or services without prior notification.
    
    
11. In the instance of beneficial owners forwarding funds to Fiscal Services Limited General Client's Account in whichever currency no interest will be due to the beneficial owner or their company with respect to such transfers whatever the amount of funds transferred or however long a period of time they remain in Fiscal Services Limited General Client's Account
    
    
12. With respect to Fiscal Services Limited's General Clients Account it is acknowledged that Fiscal Services Limited has provided an information sheet explaining the General Clients Account in accordance with the current Financial Supervision's rule book.
    
    
13. It is a strict condition of sale that when Fiscal Services Limited's bank instruction service is not employed that any third party bank is informed as to each parties "true" capacity. In particular, beneficial ownership must be declared on any and /or all appropriate bank forms and necessary "company officer" signatures be sought directly from Fiscal Services Limited.
    
    
14. Fiscal Services Limited specifically reserves the right to refuse service to any client without giving any reason or explanations thereto whether at the initial enquiry stage or after the completion of the first year's service.
    
    
15. In case of dispute, it is agreed that redress should be subject to the exclusive jurisdiction of the courts of the Isle of Man. If that dispute relates to unpaid fees and disbursements due to Fiscal Services Limited, the beneficial owner accepts that they have a joint and several liability with their company to pay such fees and disbursements and that court papers with respect to such claims may be served and accepted as served by ordinary or recorded post to the Beneficial Owners home address or if contact available by fax or e-mail.
    
    
16. Termination of Services. Our services are provided on a continuing annual basis and our fees are payable in advance. As companies are set up for an indefinite period, all nominee and other services are provided on the understanding that we are given six months notice in writing when our services are no longer required. Where a company has been properly invoiced for fees and expenses due on the first anniversary of the continuing year, these fees are due in full and no reduction will be given on notice to terminate our services. If fees are not settled within three months of an account being issued, without reasonable grounds, we reserve the right to take action to protect our interests. This will include transferring the registered ownership of a company's shares to the beneficial owner(s). Company Officials will resign and registered office facilities will be withdrawn.
    
    
17. It is accepted that in all cases Fiscal Services Limited may open any post for any company that is sent to their premises
    
    

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Phone: +44 (0)1624 670022 - Fax: +44 (0)1624 672504
e-mail: mail@fiscalservices.co.im
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Licensed by the Isle of Man Financial Supervision Commission
Website hosted by - DJN Consultants Limited - Last updated January 2012