Samoa has enacted laws to assist in the prevention of money laundering. Those laws require that background information be obtained in relation to the Company.We therefore require information on each Principal Beneficial Shareholder/Owner of the Company, meaning any person beneficially owning 10% or more of the shares in the Company.

Unless otherwise indicated, the Cayman Islands Company mentioned in below refers to an Exempted Company (limited by shares) formed and registered in accordance with the Companies Law (Revised) (Companies Law) of the Cayman Islands.The Cayman Islands Company must have at least one shareholder, that may either be a company or a person, regardless of nationality or residence.

The Registrar of Corporate Affairs (the “Registrar”) in the British Virgin Islands has responsibility for the incorporation, striking off and restoration of companies to the Register of Companies. If the company in the BVI has been struck off or dissolved, there are two restoration processes in the BVI: Restoring a company that has been struck off the Register but not yet dissolved; and Restoring a company that has been dissolved.

If the company has been active, possibly with outstanding assets or liabilities and the directors wish to have a proper discharge from their duties, then placing the company into voluntary liquidation and appointing a liquidator to wind up the business is the preferred choice.If the shareholders and directors are satisfied there are no assets or liabilities remaining in the company, and it has not been considered an active business

An IBC is required to keep minutes of all meetings of directors, members, and committees of directors, officers or members. Copies of all written resolutions consented to by the foregoing parties must also be kept. An IBC must also keep such accounts and records as the directors consider necessary or desirable to reflect the financial position of the Company.

In general, the management, directorship and practical operation of a Belize International Business Company (IBC) will usually be one of the following options: (1) Company directed by the beneficial owner:The beneficial owner, or other person that is designated by the beneficial owner can be appointed as the Director of an IBC. (2) Company directed by an appointed Nominee