Question 1

What is the purpose of the company's services?

Accepted Answer

The company's services are designed to help individuals and businesses reactivate, reinstate or restore their offshore companies. This is important to avoid personal liability or recover corporate assets that may have been blocked or frozen due to inactivity.

Question 2

What are the typical issues that lead to an offshore company becoming inactive?

Accepted Answer

Offshore companies can become inactive due to a variety of reasons, such as the non-payment of annual registration fees, changes in beneficial ownership, or unresponsive beneficiaries. This often results in the company's bank accounts being blocked or closed, and the assets being held in reserve until the company is reactivated.

Question 3

What are the administrative challenges in reactivating an offshore company?

Accepted Answer

The administrative process of reactivating an offshore company can be complex and difficult to navigate, especially for those new to the offshore industry. This is because strict customer due diligence and know-your-client (KYC) regulations require the submission of fresh company documents and certified identification papers to financial institutions.

Question 4

How can the company's reactivation services help?

Accepted Answer

The company has created tailored reactivation packages for the most common offshore (and onshore) jurisdictions. Their legal and corporate services expertise, combined with their diligence and experience in the industry, allows them to ensure a smooth and efficient reactivation process for their clients.

Question 5

What are the benefits of using the company's reactivation services?

Accepted Answer

By using the company's reactivation services, clients can avoid the administrative burden and complexity of the reactivation process, ensuring a swift and successful outcome. This allows them to regain control of their offshore assets and avoid personal liability, while also complying with the necessary regulatory requirements.

Legal Floris LLC

Company Overview

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About Legal Floris LLC

Frequently Asked Questions about Legal Floris LLC

What is the purpose of the company's services?

What are the typical issues that lead to an offshore company becoming inactive?

What are the administrative challenges in reactivating an offshore company?

How can the company's reactivation services help?

What are the benefits of using the company's reactivation services?

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