However, the offshore agent does not adopt the role of advisory to the enterprise. He only provides the tax free vehicle for offshore business and investment at low cost and an efficient manner.
The company to be incorporated is also required to submit a Beneficial Owners Declaration [BOD], which provides the registered agent with information relevant to the owner's residence, career, present business activity and intended activity through the new organization. An undertaking is also given by the Offshore Company that it will not participate in any unlawful acts in the country of incorporation nor encroach upon other prohibited areas.
The documents of Incorporation are usually signed by a person called the 'Incorporator', who is most likely, closely associated with one's Offshore Service Provider. This person is also the first shareholder on behalf of the Beneficial Owner who in the early stages, acts as a legal signatory in the latter's absence. The Incorporator also subscribes for the legally acceptable, minimum requisite of shares. After Incorporation these can be transferred to the actual client.