Terms and Conditions
Citizenship By Investment ● Second Passport
The following Terms and Conditions are for preliminary information and review purposes only. The reader of is not bound by these Terms and Conditions while browsing the information published on this website. These Terms and Conditions will become applicable when an actual offshore company formation order or a request for any paid services is placed with CACitizenship.com.
These Terms and Conditions – or Terms – govern the provision of corporate services by the Agent to the Client – as identified and detailed further herein. Subject to their express acceptance by the Agent and by the Client, these Terms – in conjunction with any order forms, orders, requests and instructions – as issued by the Client to the Agent, shall constitute a binding legal agreement between the Client and the Agent.
CACitizenship.com: Corporation and any wholly owned subsidiary, affiliate or agent of CACitizenship.com which may be involved in the provision of the Services to the Client or to the Company, as the case may be.
Client: the natural person or persons who ultimately own and control the Company and/or such person(s) on whose behalf and for whose benefit the Services are to be provided under this Agreement, also including any person(s) who have been authorized to represent the Client; in case of more than one person all such persons jointly and severally.
Primary Contact: a person, designated by the Client to act as the first point of contact in all Communications between CACitizenship.comand the Client; such person being either the only Client himself, one out of a group of Clients, or a third party appointed by the Client.
Client of Record: a person or all persons, including the Client and the Primary Contact, who, pursuant to this Agreement, are entitled to issue binding instructions to CACitizenship.comin respect to the Company and the Services.
COVENANTS AND LIABILITY OF FIDELITY
CACitizenship.com has no ownership or beneficial interest in the Company or in its business whatsoever. The sole interest of CACitizenship.com at provision of any of the Services lays in the earning of the professional fees, as specified in the standard list of fees and charges of CACitizenship.com.
CACitizenship.com hereby covenants with the Client that it will not divulge to any third party any confidential information received from the Client or elsewhere in respect of the Client’s business, or use any such confidential information other than in the interests of the Client without the prior written consent of the Client, unless compelled to do otherwise by law.
PROVISION OF INFORMATION (DUE DILIGENCE)
CACitizenship.com is subject to financial services regulations that impose strict Due Diligence (Know Your Client) standards on all its business relationships, which includes this Agreement. As a pre-condition for this Agreement to enter into legal force and for any Services to be provided, the Client shall deliver all such information and documents to CACitizenship.com as it may reasonably require in order to satisfy itself as to the proper identities, addresses, business operations, financial status and reputation of all individuals and entities involved in the Company as beneficial owners, shareholders, directors, account signatories, representatives or in any other controlling capacity, unless such individuals or entities are already known to CACitizenship.com
At the request of CACitizenship.com, the Client shall at any time provide CACitizenship.com with such information, records and financial statements as it considers necessary to prepare accurate and complete accounts and as otherwise may be necessary to ensure that the Company complies with all applicable laws and that any officers provided by CACitizenship.com can perform their duties to the standards imposed by the law and the principles of sound governance.
At any time during this Agreement being in force the Client will be responsible for providing CACitizenship.com with such complete, accurate and timely information (including financial information and documents), as CACitizenship.com. may reasonably require in order to enable it to provide the Services. The client acknowledges that the frequency, scope and amount of such information to be provided may increase commensurate to the scope and level of Services provided by CACitizenship.com under this Agreement.
The Client agrees to immediately notify CACitizenship.com of any material changes in the beneficial ownership of the Company, of any change in its operational activities, and of any change in the usual residential, business, correspondence or email addresses, or in contact telephone and facsimile numbers of any of the Clients of Record.
INSTRUCTIONS AND PROCEDURES
In providing the Services under this Agreement, CACitizenship.com. shall always act solely on instructions received from the Client of Record, and shall never act in its own discretion, except when under legal obligation to act otherwise.
Where two or more persons constitute the Client, CACitizenship.com shall act: on instructions issued by the Primary Contact, if such has been designated by all Clients to issue instructions on their behalf pursuant to this Agreement; or on instructions issued and approved by all Clients of Record.
Regardless of the method of issuing instructions chosen under this Agreement, where two or more persons constitute the Client, each such person appoints each and every other such person to be his or its agent to exercise full power in respect of him or it and each such person agrees that their obligations under this Agreement are joint and several.
The Client authorizes CACitizenship.com to act on all instructions, requests and representations issued by, or purporting to be issued by the Client of Record, or by any person CACitizenship.com. reasonably believes to be duly authorized by the Client of Record. Such instructions, requests and representations may be communicated by the Client of Record to CACitizenship.com. by any method of Communication. In case of reasonable doubt CACitizenship.com may (but is not obliged to) request the Client of Record to provide additional verification of any such instruction. CACitizenship.com shall not be liable for any loss or damage due to its failure to act until such instruction or request is verified to its satisfaction.
CACitizenship.com may in its sole discretion demand that any particular instruction, request or advice is issued in writing and shall not be liable for any loss or damage for its failure to act until such instruction, request or advice is so issued and communicated to CACitizenship.com.
In the absence of gross negligence of CACitizenship.com, the Client shall bear all risk of loss and damage caused by any instruction, request or information not being sent or received, by any such communication being incomplete, illegible, ambiguous or in error, or by any instructions or communication being issued by unauthorized third parties unlawfully purporting to represent the Client. CACitizenship.com shall not be liable for any loss or damage resulting from its reliance upon any instruction, notice, document or communication reasonably believed by CACitizenship.com to be genuine and originating from the Client.
CACitizenship.com may refrain to act on any instructions which appear to be incomplete, unclear, ambiguous, conflicting or of unclear authenticity, and shall not be liable for any loss or damage for its failure to act until such shortcomings are remedied to its satisfaction.
CACitizenship.com may refrain to act on any instructions, if it considers that such action may conflict with any provisions of the Memorandum and Articles of Association of the Company, expose CACitizenship.com or any of its members of staff to any personal liability or risk of prosecution in any jurisdiction, conflict with any laws of the Commonwealth of Dominica or other jurisdiction, or otherwise be illegal.
If any claim, demand or action is taken by a third party against the Company or against CACitizenship.com in consequence of or in relation to any Services provided by CACitizenship.com under this Agreement or if such other circumstances arise that in the opinion of CACitizenship.com demand urgent action in order to protect the interests of the Client, the Company or CACitizenship.com, and if in such circumstances CACitizenship.com is unable to obtain the assistance, information or instructions it reasonably seeks from the Client, then CACitizenship.com may do any one or several of the following:
take no action at all;
take no action in respect to the Company;
utilize any assets of the Company to defend against such claim, demand or action;
utilize any assets of the Company towards satisfaction of such claim or demand;
take whatever action CACitizenship.com regards appropriate to protect itself and the Company.
If the Client breaches any of its obligations or undertakings assumed under this Agreement and fails to remedy such breach within 14 days following a notice issued by CACitizenship.com, then CACitizenship.com may do any one or several of the following:
cease from providing any or all Services under this Agreement;
commence proceedings to wind-up and liquidate the Company;
utilize any assets of the Company towards remediation of the Client’s breach;
take whatever other action CACitizenship.com regards appropriate to protect its position.
CACitizenship.com will not be liable for any failure or delay to carry out the instructions and requests under this Agreement or for any errors in carrying out such requests other than in case of fraud, willful misconduct or gross negligence on the part of CACitizenship.com In no circumstances whatsoever will CACitizenship.com be liable for any loss of anticipated profit, business opportunity, expected savings or for any type of indirect, economic or consequential loss to the Company or to the Client, even if that loss was reasonably foreseeable.
Unless directorship and management services are provided by CACitizenship.com to the Company, the Client shall not make or permit any reference to the registered address of the Company in any business advertisement, promotion, public announcement or Internet site, representing the registered address as the location of the actual business operations, commercial records or management and control of the Company.
In the event of CACitizenship.com relocation involving the change of its registered address, CACitizenship.com shall give the Client thirty days’ notice of such change. CACitizenship.com will not be responsible for any associated costs incurred by the Client as a result of such change of the registered address.
When shareholders, directors or officers are provided by CACitizenship.comunder this Agreement, CACitizenship.com will have the discretion to designate any particular persons to any such positions, including any subsequent change, replacement or removal of such appointees, who may be both corporate bodies or natural persons.
Nothing in this Agreement will make CACitizenship.com liable or responsible for any commercial decisions that the Client has made in respect to the Company or its business ventures.
COVENANTS AND LIABILITY OF THE CLIENT
The Client undertakes and guarantees that it will not involve CACitizenship.com and will not use, or permit to be used, any of the Services provided under this Agreement in any of the following: terrorism and terrorist financing, money laundering or receipt of proceeds from criminal activities, corruption, trade or trafficking in restricted substances, human trafficking, sanction busting, embezzlement, fraud or any other activity that is defined as criminal by the laws of BVI. The Client also confirms and guarantees that no asset introduced into the Company either at the commencement of business or later, is derived from any such activity, and that the Client has full authority to transfer such asset to the Company, and that the transfer of such asset does not constitute a fraud on the Client’s creditors.
The Client acknowledges that CACitizenship.com may, at its discretion, refuse to provide any Services under this Agreement if the Company is involved in any of the following: activities involving arms, weapons or munitions, human or animal organs, pornography, gambling, drug paraphernalia, multi-level marketing schemes, religious cults, political and non-profit organizations or any other such activity that, in the reasonable opinion of CACitizenship.com, may damage the reputation of the Commonwealth of Dominica, the country of incorporation of the Company, or CACitizenship.com.
The Client confirms and covenants that none of the Clients under this Agreement are prohibited under the any applicable laws from receiving any of the Services under this Agreement, in particular by reason of being minors, having no legal capacity, holding a political or public office, being undischarged bankrupts or being resident in any country subject to any international restriction or embargo, or by any other such reason that would legally prohibit them from receiving any benefit from this Agreement.
In consideration of CACitizenship.com providing the Services and acting upon Client’s instructions, the Client agrees at all times to keep CACitizenship.com, including its directors, officers, staff, associated agents and affiliated firms wherever situated, indemnified against all proceedings, actions, claims and demands which may be brought against CACitizenship.com and from all losses, costs, charges, damages and expenses which CACitizenship.com may incur or for which it may become liable by reason of its having acted on such instructions and notwithstanding that any such instructions may not have been duly authorized by the Client, excepting only actions, claims, demands, losses, costs or damages of any kind arising from fraud, willful misconduct or gross negligence of CACitizenship.com The termination of this Agreement shall not relieve the Client of his obligations to indemnify CACitizenship.com as described herein.
The Client acknowledges that in certain circumstances CACitizenship.com may be legally bound by order of a Court of law, the Switzerland Confederation unit, the International Business Authority or other competent authority to disclose confidential information pertaining to the affairs of the Company or the Client, and, should CACitizenship.com become legally bound and act upon such order, it shall not be liable for any compensation, loss or damage to the Client for reason of doing so.
FEES AND INVOICES
All fees charged by CACitizenship.com to the Client shall be in amounts indicated in the standard list of fees as posted on the Internet site of CACitizenship.com or as specifically sent to the Client by CACitizenship.com as an offer, proforma-invoice or pricelist. Any fees are subject to change and any increase of fees shall take effect upon 30 calendar days advance notice, except for increases in government fees and charges which shall take effect immediately, or in terms designated by the government.
The grounds for payment of any fees is an invoice issued by CACitizenship.com to the Company or to the Client of Record. Price quotations or proforma-invoices are not grounds for payment. Invoices will only be issued by CACitizenship.com after the Client of Record has clearly confirmed a request for services over any means of Communication. Invoices may be generated electronically and do not require signature. All terms of payment of the invoiced fees shall be indicated in the invoice. CACitizenship.com is not bound to provide any Services before its due fees are paid in full by the Client.
The Client acknowledges that late payment of certain fees, in particular annually recurring fees, may involve substantial late penalties or surcharges, to be payable by the Client before any further Services may be provided. The Client acknowledges that the failure to pay such fees on time may result in the Company being dissolved or struck off the Registry.
If the Client fails to settle invoices within the payment period stated in the invoice, CACitizenship.com may deduct such outstanding fees from any account, funds or resources of the Client or the Company under management and control by CACitizenship.com
LEGAL AND TAX ADVICE
The Client acknowledges that CACitizenship.com is not qualified to advise on legal, financial or tax implications affecting the Company, specifically on such implications arising outside the Switzerland Confederation, as such, CACitizenship.com has not provided any legal, financial or tax advice to the Client, nor has CACitizenship.com made any representations, assurances or guarantees as to the suitability of any particular Service or corporate structure for any particular aims of the Client. None of the information contained in the brochures, Internet websites and other marketing material of CACitizenship.com shall be construed as tax or legal advice. The Client also acknowledges that CACitizenship.com has recommended the Client to seek independent legal and tax advice in all such jurisdictions that may affect the Company, any of its beneficial owners or any other persons concerned.
COMPLAINTS PROCEDURE AND JURISDICTION
In the event that the Client is aggrieved by the performance of CACitizenship.com under this Agreement, the exact nature of the complaint and the proposed remedy shall be set out in writing in reasonable detail, in English language, and forwarded by registered mail or fax to CACitizenship.com, addressed for the attention of the Director. CACitizenship.com will review the complaint within ten business days from its receipt and will endeavor to settle the dispute in good faith, while giving due consideration to the terms and conditions of this Agreement and the applicable laws.
Should a dispute between a Client and CACitizenship.com remain unresolved, the Client is entitled to submit a complaint to the regulatory body of CACitizenship.com, the Switzerland Confederation IBC Network.
This Agreement is governed by and construed in accordance with the laws of the Switzerland Confederation and the parties hereto irrevocably submit to the non-exclusive jurisdiction of the Courts of the Switzerland Confederation in relation to any dispute or matter arising out of or in connection with this Agreement.
CACitizenship.com may at its sole discretion and without obligation to disclose the reason for doing so cease to provide any or all Services under this Agreement by giving one month’s written notice to the Client.
The Client may at his sole discretion and without obligation to disclose the reason for doing so terminate this Agreement in its entirety or require CACitizenship.com to cease the provision of any particular Services by giving one month’s written notice to CACitizenship.com.
Should this Agreement be terminated in its entirety, CACitizenship.comshall, if required, hand over the Company records and any title documents of any assets or obligations of the Company to any such party as designated by the Client, provided that CACitizenship.com shall be entitled to claim a lien over any assets and records of the Company for any monies due and payable by the Client to CACitizenship.com.
Should CACitizenship.com be required to transfer the administration and management of the Company, CACitizenship.com shall not charge the Client any exit fees or transfer fees, save only for direct costs incurred to effect such transfer and for all such fees and monies already overdue to CACitizenship.com before such transfer.
At termination of this Agreement, CACitizenship.com shall not be obliged to reimburse any part of previously received professional fees and expenses, save for amounts paid on account for disbursements to be incurred and not yet incurred.
All notices that are to be served pursuant to this Agreement upon the respective parties hereto shall be in writing, and shall be deemed to have been given or made (i) immediately, when delivered in person to a natural person, or when delivered to the officer in the business office of a company; (ii) immediately, when sent by telefax, verification received; (iii) on the fifth business day when sent by Registered Airmail or the courier service, in each case addressed to the last known address of the party to whom same is addressed or, in the case of a company, to the registered office of such company.
Nothing in this Agreement precludes CACitizenship.com from providing Services to other clients, regardless of the fact that such other clients may be in competition with either the Client or the Company.
This Agreement, the Order Form and other documents, forms and agreements referred to herein, as the case may be, embody the entire agreement and understanding between the parties hereto and supersede all prior agreements and understandings relating to the subject matter hereof. No variation of this Agreement shall be valid unless agreed in writing. If any provision of this Agreement is held by a court or competent authority to be invalid, voidable or unenforceable, the rest of this Agreement shall remain in full effect.
Nothing in this Agreement purports to create a legal partnership between Client and CACitizenship.com.
No refund or partial refund is possible once the company incorporation or foundation formation process has begun in accordance with the client’s instructions. All Citizenship Programs also once initiated cannot be refunded as all government offices do not have refund policies.
For further information on the citizenship by investment programs of Guatemala, Nicaragua and Costa Rica, email CACitizesnhip.com today at: firstname.lastname@example.org