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FAQ
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Q. If you register an offshore company
for me does that make you a partner in my company?
A. No. We are just your agent in setting up your
company. There is a requirement for a named local
contact for the company but that is NOT us. It is
usually the lawyer who registers the company on
your account.
Q. If you open a bank account for me does
that mean that you are a signatory on the
account?
A. No. We are simply a local agent empowered by you
to establish an account. Only you can withdraw
funds.
Q. Doesn't domain name licensing mean that
1001DiscreteServices owns my domain name?
A.Technically yes. But our agreement with
you guarantees you the sole rights to the name so
long as you abide by our
limitations and pay
the annual fee.
Q. If I don't abide by the
limitations
what happens?
A. The pointer to your web page is shut
down.
Q. If I'm shut down will I loose the use of
the name altogether?
A. Obviously it depends upon the
circumstances, but assuming that a situation may
arise whereby we no longer wish a continued
association with a licensee the agreement also
states that in the event that a breach of our
limitations forces us to shut the name down we will
offer it to you for $200.00 (the amount Network
Solutions charges to transfer ownership of a domain
name) plus a $50 handling fee. Only if you fail to
purchase the name do we have the right to sell it
or license someone else to use it.
Q. What if I choose to establish my own
offshore company?
A. We will organize it for you for $2350.00
per year (all taxes paid) and register the domain
name to your offshore company for free. For more
info on an offshore company
click here.
Q. If my site is shut down for a limitations
infringement will my offshore bank account be shut
down too?
A. Not by us. Only the bank can do that. We have no
control over your bank account.
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