ALBA MANAGEMENT
SERVICES LIMITED
 Company Formations & Company Management

Alba offers professional corporate services of the highest standards. These professional services include company incorporations, administration, accounting, audit, banking, and offshore trusts.

COMPANY INCORPORATION

We incorporate companies rapidly and efficiently in many countries of the world, both offshore and onshore. Alba Management Services Limited incorporations are on a full-service basis with all initial documentation completed and officers appointed where appropriate.

Whilst we do not give tax advice we are happy to compare and contrast the many offshore and onshore jurisdictions and to suggest alternative structures which your tax consultant can consider indeed a glance at the website shows some of our most popular Jurisdictions and allows you to compare and contrast between them.

The effectiveness of any structure depends very much on the planning process and having professional directors and efficient administration, which may involve accounting, invoicing, and operation of the company's bank account. At Calmanx we are able to provide all of these services to a very high standard.

Incorporation Procedure

Where Alba will provide ongoing services for a typical company the incorporation procedure will be as follows:

COMPANY ADMINISTRATION

Most of our clients prefer us to look after the ongoing administration of the companies we establish. A team of highly trained administrators look after the day-to-day operation. They deal with the arrangement of meetings, the production of minutes, agreements, bank instructions and many other functions, maintaining close contact and reporting regularly to the client.

We can offer a comprehensive service on a reasonable fixed price basis, or tailor-made services on a time-cost charging basis. The level and choice of services available is very flexible and our administrators can deliver any of the services detailed in this section upon request. We are happy to work with our clients at any level they wish.

Accounts

Most companies are required to keep some form of accounts, and to maintain the bookkeeping. Alba Company Management Limited can take care of this function for you through our client accounting team, costs are reasonable and the work will be carried out quickly and efficiently.

Audit

Some jurisdictions require an annual financial audit by an independent accountant or CPA of the company's activity for the year. We can advise on the selection of a suitable firm in many Jurisdictions to undertake this work and we will provide fee estimates based on the number and complexity of transactions.

BANK ACCOUNTS

Clients using offshore corporate structures through Alba will normally need banking facilities to facilitate their trading or movement of assets.

We can arrange a wide range of banking services in conjunction with company formation and administration.

Confidentiality is the main reason for setting up an offshore bank account. Alba normally establish bank accounts in the Isle of Man and Cyprus because of the close relationships we have there, but in practice bank accounts can be set up anywhere offshore. It is not necessary for the bank account to be in the same location as the company.

Opening a bank account:

Choice of Bank

Some clients may have a particular bank they wish to deal with, but most leave the choice of bank to Alba. We use only carefully selected international banks offering a wide range of facilities, and who are used to dealing with offshore structures.

Identification Requirements

Because of the stringent anti money-laundering laws now in place in most offshore jurisdictions, banks need a lot of information, in addition to that required to be held by us, before they will open an account.

Although the requirements differ from bank to bank, usually this is:

Operating the Company Bank Account

Where Alba staff are appointed as directors to the company, we will insist on providing signatories to the company's bank account. No fee is charged for the provision of signatories in these circumstances. Should the client wish to exercise a degree of control over the account, we can accommodate this by appointing the client as a joint signatory to the account. In this way neither the client nor Alba can transfer funds from the account without the other party's consent, but this can lead to delays due to the need to get all of the signatures on a transfer request.

All bank instructions passed to us by clients must be in writing and accompanied by documentation relevant to and supporting the transaction. The relevant company administrator then draws up the instruction to the bank.


Peace of Mind for our Clients

Alba only appoints its senior staff as signatories to client company bank accounts. Each instruction is checked for accuracy and signed off by a Manager as being correct. The instruction to the bank is then counter-signed by two of our signatories and passed to the bank for action.

CLIENT ACCOUNTING

As part of best practice and to meet with current compliance standards it is essential that the directors of a company maintain proper accounting records including the preparation of final accounts on an annual basis. In some jurisdictions accounts have to be filed with the Registry.

Our dedicated client accounting team can provide this service for our clients.

Services provided by Alba include:

INTERESTED IN BECOMING A CLIENT OF ALBA?