Canada Offshore Ltd.

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Offshore Bank Accounts in tax haven of BVI, Switzerland, Bahamas, Belize, Panama, Antigua, Canada, Nevada
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Canada Offshore Ltd. ©Copyright 1996-2002
updated: 2004-09-07
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Frequently Asked Questions


1. Where are you located?

Canada Offshore Ltd. has headquarters at: 166 Front Street, Suite 215, Belize CIty, Belize. Fax 011-501-822-0323 Belize City, Belize, Central America.
Our full Contact Information is located HERE
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2. How long have you been in business?

Eight years, our business web presence began in 1996 as Canada Offshore Services, and was organized as a law office in the early years, but has become a para-legal firm specializing in offshore solutions tailored to country-specific client needs.
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3. How do I know you are not the Government?

Canada Offshore Ltd. is a private company operating from Belize and run by professionals living outside of North America. We can provide professional references on request. If we were a "sting operation", this would have been reported or posted somewhere on the internet, being the vast resource that it is. To see for yourself, enter "Canada Offshore Ltd."  into your favourite search engine and see if you find any indications that we are a "government sting operation". Primarily, we will not ask you to do anything illegal to set up a sting.
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4. How do I know you will deliver and are not a "scam"

Most scam companies do not put their address and phone number on their web sites - you can phone us 1 (250) 752-8734 and speak with an experienced planner. You can even come visit and sit down with us for a face-to-face meeting when properly qualified. Scam companies do not have merchant accounts, or long term Registry and Banking relationships like we do.

If we didn't deliver incorporations - we would not be growing for the past eight years.
News travel fast on the information superhighway, and Canada Offshore Ltd. is known as one of the most reliable offshore service providers in the world, both Online & Offline.
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5. Can you provide me with references?

Yes, professional references are available on request to qualified clients. We cannot give customer references because we fully protect their privacy, as you would expect if you become a client.
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6. I have seen other web sites almost identical to yours, why should I deal with you?

We have seen some of our articles stolen, and some imitation of our packages by new outfits without a fixed address or personal contact. We would caution you that they may likely steal from you also. If in doubt, please contact us by email with the site or individuals name.
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9. How long are the Master Card Cirrus™ Debit Cards valid for?

The Master Card Cirrus™ Debit Cards are typically valid for 2 years, and in some cases the plastic card may be valid for 1 year.
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10. What is required to get one of the Master Card Cirrus™ Debit Cards

The process of obtaining one of the Visa Electron™ Debit Cards is identical to opening any of our European or Caribbean offshore accounts.

a)  You will be required to complete an account opening form.
b)  You will be required to submit a notarized passport copy.
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11. How long are the Secured Major Credit Cards valid for?

The Secured Major Credit Cards are typically valid for between 1-3 years. Of course they are renewable annually provided you have kept the card in good standing.
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12. What is required to get one of the Secured Major Credit Cards

The process of obtaining one of the Secured Major Credit Cards is identical to opening any of our Caribbean offshore accounts.

a)  You will be required to complete an account opening form.
b)  You will be required to submit a passport copy.
c)  You will be required to submit a bankers letter of reference
d)  You may also be required to furnish a source of funds declaration, depending on the dollar amounts of your deposits to the card
e)  You will be required to make a security deposit in the amount of US$ 2,250 which will secure a credit limit of US$ 1,500 All documents submitted for the opening and establishing of the Secured Major Credit Card Card Account must be Notarized prior to submitting them to the bank.
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13. How long does it take for me to receive the cards you offer?

All of the card services offered by our firm can be delivered in approximately 2 weeks from receipt of your payment for the service, and return of the completed opening forms and required supporting documentation.
Some cards like the USA Based Global Debit ATM Debit Cards can be delivered in a much shorter time frame.
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14. Do the cards have an online facility?

All of the cards we currently offer have available an "online banking" type of system. These various systems will allow you to review your transactions, and card account balance online from the comfort and security of an internet enabled computer worldwide.
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15. Can I use these cards with PayPal™?

The only card of the cards we offer which may be used with PayPal™ is the Secure Major Credit Card . As this card works like any other Major Credit Card .
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16. How long does it take for me to open an offshore account?

Typical turn around time for the offshore account opening is approximately 2 weeks from receipt of your payment for our service, and return of the completed opening forms and required supporting documentation.
Some accounts take slightly longer to open, as is the case with the SWISS PERSONAL ACCOUNT which is typically 3-4 weeks
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17. What is required for me to open an offshore account?

The process of opening any of our offshore accounts and their requirements are as follows.
You will be required to complete an account opening form.
You will be required to submit a passport copy.
Depending on the account ordered you may be required to submit a Bankers Letter of Reference and/or a Professional Reference


All documents, and forms submitted for the opening and establishing of an Offshore Account anywhere in the Caribbean must be Notarized prior to submitting them to the bank for the account opening.

All documents, and forms submitted for the opening and establishing of an Offshore Account anywhere in a European Jurisdiction must be Notarized & Apostilled prior to submitting them to the bank for the account opening.
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18. Does opening an offshore account protect my assets?

The opening of an Offshore Account in and of itself will not offer proper asset protection.
This of course will offer a high level of privacy, which is a luxury no longer available "onshore", especially in High Tax Nations, however, for effective Asset Protection, the use of a structure consisting of IBCs, and/or Foundations, and/or Trusts, etc is the only way to legally have True Asset Protection.
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19. Does opening an offshore account mean I do not have to pay taxes?

Canada Offshore Ltd. is a service company and does not render ANY Tax, Legal or Financial advice of any kind.
For all tax issues and concerns we ALWAYS recommend consulting with a Tax Attorney or Accountant in your local area who is proficient with the laws in your jurisdiction and how they may apply to you.
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20. Can you assist me with opening an account and then deduct your fees from the deposit?

We do not provide any services until our fees have been paid.
Once your offshore account is established and opened, no one except you ( or any authorized signatories you designate ) has access to the account.
The banks will not even discuss an account with us or anyone else as they are bound under strict privacy laws.
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21. How private are offshore accounts?

Offshore accounts are extremely private.
All the banks we work with are bound by strict privacy and banking secrecy laws.
With the exception of information sharing treaties, and criminal investigations, offshore banks are prohibited from divulging, or revealing account holder information to anyone without express written consent from the account holder. In many cases violation of these privacy laws can mean large fines and prison terms for the violating employee.
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22. What kind of interest rates or rates of return can I expect on offshore savings accounts?

Interest rates paid by financial institutions and banks offshore are definitely higher than what the "onshore" institutions offer
Exact rates cannot be quoted by us generically, as rates will vary based on many factors.
  • Amount deposited
  • Length/Duration of deposit
  • Bank deposited with
  • Currency Funds Maintained in
  • Market conditions
  • Type of deposit ( Guaranteed or with Risk )

    and various other factors.

    If you are ready to proceed with an account opening and require approx rate information, contact us with all of the above information and we will provide a current rate being offered by one of the institutions we work with
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    23. What are the fees charged by the Offshore Banks?

    The fees charged for various transactions by the Offshore Banks we work with vary slightly between banks
    This guide for the range in fees should be considered
  • Deposits to account via wire transfer ... No Charge - US$ 20
  • Send Wire Transfer ... US$ 15 - US$ 70
  • Check Deposit & Clearing ... US 50 - % of face value plus costs
  • Monthly Account Keeping Charges ... No Charge - US$ 10
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    24. What is required for me to establish an Offshore Corporation or IBC?

    In order to establish an Offshore Corporation the following is required:
  • An order to form the corporation
  • Payment for the order
  • Desired Jurisdiction of Incorporation
  • Desired Corporate Name
  • Who the shareholders will be ( if not using nominees or Bearer Shares where available )
  • Who will be the officers ( President, Secretary etc )
  • Share Capital Denomination

    We may also require a passport copy for the registered agents records depending on the jurisdiction.
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    25. How long does it take to establish an Offshore Corporation or IBC?

    Incorporation of a New Offshore Corporation can be accomplished in a time frame of between 1-5 weeks depending on the jurisdiction selected.
    The incorporation process begins once we have received a confirmed and paid for order.
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    26. Does using an Offshore Corporation or IBC provide Asset Protection?

    Using an Offshore Corporation or IBC can provide incredible benefits. One of these benefits is Asset Protection.
    While using an Offshore Corporation or IBC by itself does not provide "bullet proof" asset protection it is still extremely effective.
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    27. Does using an Offshore Corporation or IBC mean I do not have to pay taxes?

    The majority of the Offshore Corporations or IBCs we incorporate are not required to pay taxes in the jurisdiction in which they are domiciled.
    Depending on your country of residence and it's tax laws, you may be subject to taxation on the Offshore Corporation or IBC's financial activities.
    Canada Offshore Ltd. is a service company and does not render ANY Tax, Legal or Financial advice of any kind.
    For all tax issues and concerns we ALWAYS recommend consulting with a Tax Attorney or Accountant in your local area who is proficient with the laws in your jurisdiction and how they may apply to you.
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    28. Can you assist me with opening an Offshore Account for my Offshore Corporation or IBC?
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    29. Can I trade Stocks and make other investments with an Offshore Corporation or IBC?
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    30. What is required for me to establish an Offshore Trust or Foundation?


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