Terms and Conditions

In these terms and Conditions of Business:

"Client" means the person who has requested The Anjouan Registrar of International Companies or The Anjouan Offshore Finance Authority or Anjouan Corporate Services Ltd to provide services or any other person who has agreed to pay for services or has previously remitted payment for those services.

"Company" means any one or more companies or trusts for which the Client has asked The Anjouan Registrar of International Companies or The Anjouan Offshore Finance Authority or Anjouan Corporate Services Ltd to provide services.

"Person" shall include, as far as the context admits, any person, firm company or other body incorporated or unincorporated.

"Services" means any company formation, management, documentary, trust or trustee services, administration service, or any other provision of a service provided to the Client or his Company or a trust for or on behalf of the Client.

"Trust" means any trust or settlement established or administered for or on behalf of the client. Words importing one gender include all other genders and words importing the singular include the plural and vice versa.

"Service Provider" means Organization, business or individual which offers service to others in exchange for payment.

The Client agrees to pay the fees charged by which fees include annually recurring amounts but, although effort is made to maintain the same fee level for as long as possible, The Anjouan Registrar of International Companies or The Anjouan Offshore Finance Authority or Anjouan Corporate Services Ltd or its Services Provider reserves the right to increase the level of fees payable.

The fees are set out based on immediate settlement by the Client. If the Client fails to settle invoices properly rendered to him by Anjouan Corporate Services Ltd within the period for payment notified on that invoice then the Client authorises Anjouan Corporate Services Ltd or its Services Provider to deduct the fees from any account, monies or property under the control of Anjouan Corporate Services Ltd or its Services Provider and belonging to the Client or the Company.

If the Client, no longer requires any Services which have been provided by Anjouan Corporate Services Ltd or its Services Provider then within 30 days of receipt of the invoice for the forthcoming year's Services the Client shall advise Anjouan Corporate Services Ltd or its Services Provider accordingly. If the Client does not so inform Anjouan Corporate Services Ltd or its Services Provider, then they shall be deemed to have accepted liability to pay for the Services for the forthcoming 12 months period and shall be liable for the payment of the invoice in full. Domiciliary and management services are provided on a yearly basis. A termination fee shall be payable by the Client to Anjouan Corporate Services Ltd or its Services Provider upon the Services no longer being required whether this be due to liquidation, transfer of the management of a company or trust or otherwise. The fee payable shall be advised in respect of each company or trust established. This termination fee will be charged additionally to any fees payable for documentary work, time spent in effecting such termination and disbursements payable to third parties. Anjouan Corporate Services Ltd or its Services Provider reserves the right to decline instructions from a client without giving any reasons. It should be understood Anjouan Corporate Services Ltd, or its Services Provider offer no legal or tax advice relating to any service we offer. Should the client not wish to renew, a charge of £1500 will be invoiced to liquidate the company.

Should a license expire and then wish to be renewed by the same client at a later date, a charge of £500 per month until renewal will be charged to the client until the renewal date. Anjouan Corporate Services holds no liability should the License/Company name be taken by another client during that time.

No payment should be paid by the client to Anjouan Corporate Services prior to an invoice being received by the client from Anjouan Corporate Services.

It is understood from all clients that any company, individual, shareholder, director will not use any Anjouan company or license for any activity which is an offence or predicate offence of money laundering (which term shall be given the widest meaning attributed to it under the law and by international convention), including but not limited to receiving, investing, converting or distributing the proceeds from drug trafficking, terrorist activities; extortion; trading in arms, munitions or other weapons or for any purpose which is illegal under the law of the place of incorporation or management or criminal activities generally, or trading with such countries as might from time to time be subject to any embargo imposed by the Security Council of the United Nations, the United States or the European Union.

It is understood that if it is determined that any of the information provided to The Anjouan Offshore Finance Authority, The Registrar of International Business or Anjouan Corporate Services Ltd, or its Services Provider and its affiliated companies, directors, agents, servants and/or employees was provided with the knowledge that it was false, this may be subject to criminal prosecution and any Company and License granted will immediately be revoked.

The clients will at all times irrevocably and unconditionally hold harmless and indemnify The Anjouan Offshore Finance Authority, The Registrar of International Business and Anjouan Corporate Services Ltd or its Services Provider and any parent, subsidiary or affiliate thereof and their directors, partners, officers and employees against all proceedings, suits, damages, fines, expenses, penalties and liabilities arising or brought against any of them by reason of any breach of the above declarations or the provision of the Company and/or the Services.

Where Anjouan Corporate Services Ltd or its Services Provider is arranging Directors, Shareholders and/or Company Secretary ("Officers") for the Company then:

• The Officers will always be willing to consider and entertain requests and suggestions from the Client, but they will not be willing to act in any manner which appears to them to be dishonest, illegal, improper, or incorrect.
• No Directors will be appointed until the due diligence has been confirmed acceptable and Due Diligence costs paid in advance. Due diligence costs will be determined and advised by Anjouan Corporate Services Ltd or its Services Provider.
• All Directors and Shareholders must be included on the register, and any changes must be advised to Anjouan Corporate Services Ltd or its Services Provider.
• Anjouan Corporate Services Ltd or its Services Provider will procure the resignation of the Officers they provide upon written request from the Client.
• The Client will always keep indemnified the Officers in respect of all actions, claims and demands, losses and costs incurred by the Officers in the exercise or purported exercise of their duties unless the Officers shall be guilty of personal dishonesty.

Where Anjouan Corporate Services Ltd or its Services Provider is providing a registered office facility for the Company then:

• No reference shall be made to that registered offices address in any advertisement or public announcement without the specific consent of Anjouan Corporate Services Ltd or its Services Provider.
• It may be necessary for Anjouan Corporate Services Ltd or its Services Provider to move the clients' offices to another location, and such a move may well make it necessary for the registered office address(es) of the Company to be changed. Anjouan Corporate Services Ltd or its Services Provider undertakes to give the Client as much advance notice as possible of any such move, but it will not accept responsibility for any costs incurred by the Client as a result thereof.

The Client agrees to inform Anjouan Corporate Services Ltd or its Services Provider immediately upon changing his usual business address or residential address or telephone or fax number, that Anjouan Corporate Services Ltd or its Services Provider may always be able to contact the Client should there be need.

All requests for action shall be transmitted to Anjouan Corporate Services Ltd or its Services Provider by the Client in writing by fax, mail or email. Anjouan Corporate Services Ltd or its Services Provider may agree to action any request or instruction given otherwise than in writing only on the express understanding that Anjouan Corporate Services Ltd or its Services Provider shall not be liable in respect of any misunderstanding or error occasioned in processing such action or request acted upon in good faith.

All communications in relation to the administration of the Company shall be deemed to have been properly communicated to the Client if sent to the address notified to Anjouan Corporate Services Ltd or its Services Provider by the Client in accordance with these Conditions of Business and all such communications shall be deemed to have been properly received by the Client ten days after posting such communication to the Client. It shall not be necessary for Anjouan Corporate Services Ltd or its Services Provider to provide proof of postage.

Anjouan Corporate Services Ltd or its Services Provider shall not be liable for any failure to comply with any instructions and shall not be responsible for non-receipt of instructions. The Client shall have no claim whatsoever against Anjouan Corporate Services Ltd or its Services Provider in respect of anything done or omitted to be done or in respect of any exercise of any discretion unless same shall be mala fide or fraudulently.

In its web site and other materials Anjouan Corporate Services Ltd or its Services Provider provides information on services. Such information does not purport to be legal or other professional advice and cannot be taken to constitute such advice. The Client agrees to provide Anjouan Corporate Services Ltd or its Services Provider upon request with whatever information Anjouan Corporate Services Ltd or its Services Provider may require about the background of the Client's Company.

If it is found at any time during the duration of the license that there are reported irregular or illegal activities. The license will immediately be suspended, and no refund will be given.

Any dispute arising between the Client and Anjouan Corporate Services Ltd or its Services Provider from or out of the provision of the Services by Anjouan Corporate Services Ltd or in connection with these Terms and Conditions of Business shall be referred to and determined by a sole arbitrator ("the Arbitrator") such arbitration to be held in the same jurisdiction as the situs of the particular office providing those Services or, if Anjouan Corporate Services Ltd or its Services Provider shall deem it more convenient elsewhere. The Arbitrator shall be appointed by agreement between the parties. For the avoidance of doubt the Client and Anjouan Corporate Services Ltd or its Services Provider agree that the decision of such arbitration shall be binding on all parties to that arbitration.