Message
X

The naked truth about BEARER SHARES

May 29, 2013 - by Nida U.
Bearer Shares

Little background on what is that in general?

A bearer instrument (aka bearer share) is a document indicating that the owner of this document has title to property, so who physically holds the bearer share is assumed to own the property. For this reason the main benefit is the ability to quickly and anonymously transfer the ownership of the shares.

How it works in reality:
• In British Virgin Islands the law requires for all bearer shares to be „immobilized”, this means that all Bearer Share Certificates must remain with licensed custodian, moreover together with a written indication.
• In Belize the same scenario, all bearer shares must remain in custody with the Registered Agent, and the same way together with information indicating who the actual owners of the bearer-shares are.
• In Seychelles, very similar, but a nit better! In this case bearer shares don’t have to stay with the Registered Agent or Licensed Custodian, but the Registered Agent of the company must create and keep a Register of Bearer Shares, where the names and addresses of all individuals, to whom the bearer shares have been issued, are recorded! A subsequent transfer of a bearer share will not be effective until the name of the new holder of a bearer share is recorded in that Register.

So, funny enough, based on these requirements, even if you incorporate company with bearer shares, in two cases you will never actually get to see them and in all three cases information of who holds the „share” will be right there!

What is the point in this case? None really!

Usually under services we count down benefits, but in this case I can point out some DISADVANTAGES:
• The actual benefit of having bearer shares is lost.
• Use of the bearer shares is very limited.
• Besides, you pay more, as government fees are higher for companies with bearer shares.
• In case of BVI, you also pay a fee for Licensed Custodian services.
• Most banks in the whole world refuse bank account openings for companies that have bearer shares.

Thank you for reading my post! And you are welcome to leave comments, feedback, suggestions for other posts or contact me for more information.

Commentaries

  • Justina February 14, 2016 at 04:22 PM
    Very rapidly this website will be famous among all blogging and site-building viewers, due to it\'s fastidious articles
  • xxx April 5, 2016 at 06:21 AM
    Hey! I could have sworn I\'ve been to this website before but after browsing through some of the post I realized it\'s new to me. Nonetheless, I\'m definitely glad I found it and I\'ll be bookmarking and checking back often!
  • Nida U. April 19, 2016 at 12:36 PM
    @Justina and @xxx love that you like it!
  • ManyRSaldvir June 14, 2016 at 10:00 PM
    Piece of writing writing is yet another excitement, when you be familiar with then you are able to write otherwise it is complex to write down.
  • CorieZHudman June 16, 2016 at 07:55 PM
    Hi there, I like reading each one of your article post. I like to publish a bit comment to aid you.
  • Nida U. June 17, 2016 at 08:22 AM
    Thank you ;) CorieZHudman
  • Nida U. June 17, 2016 at 08:24 AM
    FYI: • From the 16th of December 2013, pursuant to the amendments to the IBC Act, Seychelles IBCs are no longer permitted to issue bearer shares!
  • DarioQObryon June 17, 2016 at 09:11 PM
    Good article. I am going to be dealing with a few of these issues also..
  • TishRBudge June 19, 2016 at 03:06 AM
    Excellent blog right here! Additionally your site a lot up fast! What hosting company are you using? Can I am getting your affiliate hyperlink in your host? I wish my website loaded as quickly as yours lol
  • CoreyBHelton June 28, 2016 at 04:17 PM
    I had been recommended this blog via my cousin. I am now not positive whether this put up is written by him as nobody else know such special about my difficulty. You will be incredible! Thanks!
  • JulioFArmada July 11, 2016 at 06:53 PM
    It\'s truly very complex within this full of activity life to listen news on TV, therefore I simply use web for your reason, and obtain the newest news.
  • ElvaTAalbers July 16, 2016 at 04:13 PM
    It\'s difficult to find well-informed people regarding this subject, however, you appear to be do you know what you\'re talking about! Thanks
  • JoeTSchermer July 20, 2016 at 12:10 PM
    Hello! This is kind of off topic but I need some help from an established blog. Is it tough to set up your own blog? I\'m not very techincal but I can figure things out pretty quick. I\'m thinking about setting up my own but I\'m not sure where to start. Do you have any points or suggestions? With thanks
  • HallieMDonis July 23, 2016 at 11:01 PM
    Wow, incredible weblog layout! How long have you been blogging for? you made running a blog glance easy. The entire look of your site is excellent, as well as the content material!
  • DaleCSpinner July 25, 2016 at 09:19 PM
    Hi there! Would you mind if I share your blog with my zynga group? There\'s a lot of people that I think would really appreciate your content. Please let me know. Many thanks
  • AntonyYHages July 27, 2016 at 04:54 AM
    Howdy, i read your blog site every now and then and i own a similar one and i was just curious should you get lots of spam responses? If exactly how do you reduce it, any plugin or whatever you can recommend? I have so much lately it\'s driving me crazy so any support is extremely much appreciated.
  • InSWeisman July 27, 2016 at 07:47 PM
    It\'s hard to come by well-informed people with this subject, however you look like do you know what you\'re talking about! Thanks
  • RethaMPastor July 31, 2016 at 07:04 PM
    This site definitely has all of the information and facts I needed concerning this subject and didn\'t know who to ask.
  • LyleJChuta August 5, 2016 at 01:22 AM
    At this time it sounds like Movable Type is the preferred blogging platform out there right now. (from what I\'ve read) Is that what you are using on your blog?
  • BunnyRWhan August 5, 2016 at 01:42 AM
    Pretty nice post. I simply stumbled upon your blog and wished to state that I have got truly enjoyed surfing around your blog posts. In fact I\'ll be subscribing on your feed and I am hoping you write again soon!
  • RolandKGreem August 10, 2016 at 12:33 AM
    Hello there! I simply prefer to provide you with a huge thumbs up for your personal excellent information you might have here on this post. I will be returning to your blog site for additional soon.
  • ClarkMZagara August 11, 2016 at 08:15 PM
    Hi to all, how is all, I think every one is getting more from this website, and your views are pleasant designed for new viewers.
  • StasiaYAlert August 13, 2016 at 09:09 PM
    Very good article! We are linking to this particularly great article on our website. Keep up to date the great writing.
  • SalMNellum August 15, 2016 at 03:00 PM
    Everyone loves it whenever people meet up and share views. Great blog, continue the excellent work!
  • BreannaJMort August 17, 2016 at 12:46 AM
    There exists certainly a great deal to learn about this issue. I like all of the points you have made.
  • EricaKAdle August 17, 2016 at 08:25 PM
    It is actually actually a nice and useful piece of information. I\'m happy that you just shared this useful information with us. Please keep us informed this way. Thanks for sharing.
  • TommySLear August 18, 2016 at 06:30 AM
    Thanks intended for sharing such a fastidious thinking, paragraph is pleasant, thats why we have read it fully
  • MichaleXWida August 18, 2016 at 01:42 PM
    I needed to thank you for this great read!! I certainly loved every little it. I have got got you bookmarked to look into new stuff you post
  • LynnPBraud August 19, 2016 at 03:01 PM
    Everybody loves it when folks come together and share opinions. Great site, keep it going!
  • CheriseSTack August 20, 2016 at 07:04 PM
    Many thanks for finally writing about >The naked truth about BEARER SHARES
  • NicoleFMenez August 20, 2016 at 07:19 PM
    This component of writing is in reality a fastidious one it assists new web visitors, who are wishing in favor of blogging.
  • DannyPBliven August 26, 2016 at 07:44 PM
    Awesome! Its in fact amazing post, I have got much clear idea about from this article.
  • JuanJTatsuta August 27, 2016 at 07:02 AM
    Hello Dear, are you truly visiting this site regularly, if so afterward you will absolutely take nice knowledge.
  • DongQCariaga August 28, 2016 at 07:27 AM
    Hello there, I stumbled upon your blog via Google even as seeking a comparable subject, your website got here up, it appears to be like great. I actually have bookmarked it within my google bookmarks. Hi there, just become alert to your weblog through Google, and located that it\'s really informative. I am just gonna watch out for brussels. I am going to appreciate should you proceed this later on. Numerous other folks will probably be benefited through your writing. Cheers!
  • GennieDKusch August 31, 2016 at 01:47 PM
    Hurrah! In the end I bought a website where I have the ability to actually obtain valuable information regarding my study and data.
  • AaronSToline September 5, 2016 at 11:36 PM
    Every weekend i used to pay a simple visit this site, because i want enjoyment, as this this site conations truly nice funny stuff too.
  • HesterPNieto September 13, 2016 at 12:02 AM
    Right now it looks like Drupal is the best blogging platform available right now. (from what I\'ve read) Is that what you are using on your blog?
  • ZacharyOCubr September 19, 2016 at 08:40 AM
    I such as the helpful information you provide on your articles. I\'ll bookmark your weblog and check again here regularly. I\'m relatively sure I\'ll learn lots of new stuff proper here! Good luck for the next!
  • DevonSKoss September 24, 2016 at 02:08 PM
    Hi, I want to subscribe for this blog to take newest updates, thus where can i do it please help out.
  • BritniNVogts September 25, 2016 at 02:46 PM
    I\'m impressed, I must say. Rarely do you encounter your blog that\'s equally educative and entertaining, and without a doubt, you may have hit the nail on the head. The thing is an element that insufficient people are speaking intelligently about. I am thrilled which i found this inside my search for something regarding this.
  • DeeQPreiss September 29, 2016 at 06:12 PM
    Hey there! Do you use Twitter? I\'d like to follow you if that would be okay. I\'m absolutely enjoying your blog and look forward to new updates.
  • DamonWJeskie October 3, 2016 at 12:45 PM
    I love everything you guys are often up too. This sort of clever work and reporting! Keep up to date the great works guys I\'ve incorporated you guys to my personal blogroll.
  • LaureZReagey October 7, 2016 at 03:06 AM
    Hello colleagues, how is everything, and what you wish for to say on the topic of this article, in my view its really remarkable designed for me.
  • RichIAbide October 8, 2016 at 05:40 PM
    Appreciate the advice. I want to try it out.
  • BVI Offshore Company January 1, 2017 at 02:38 PM
    Excellent weblog right here! Additionally your web site quite a bit up fast! What host are you the use of? Can I get your affiliate hyperlink on your host? I want my web site loaded up as fast as yours lol

Add a comment




image

Offshore Publications

 Subscribe in a reader

Subscribe

Enter your email address below to subscribe to our newsletter.



Categories