The International Offshore Business and Financial Partnership (Consortium) is usually founded by two and more legal entities, in entirely exceptional cases by natural persons, however it is not prohibited by the law. The International Offshore Business and Financial Partnership may have any structure; basically it can have only two founders (partners) and one president. However the model formed by a president (the statutory body), a secretary and a treasurer, who are also members of the Supervisory Board, is recommended. One person may serve all positions, i.e. the president, the secretary and the treasurer. Changes in the Supervisory Board, increase or reduction of the registered capital or business interest denomination are done by the General Meeting.
Standard „domestic“ partnerships are in many cases founded for the purposes of a legal entity establishment, such the association of apartment owners, association of lawyers or law firms, association of exporters or manufacturers, association of financial firms in case of larger investment projects, which may then better face the competition in the local (domestic) market. The International Offshore Business and Financial Partnership stands on the other side of the spectrum, it is used exclusively on international and multinational basis (i.e. extraterritorially) in the areas of law, business, services, construction, insurance, warranties, guarantees, capital market, financial and investment services. The International Offshore Business and Financial Partnership is founded in one host country, from which it is operates abroad and in the host country it has only the registered office without offering any services, which are often otherwise regulated (insurance business, finance, banking business, etc.).
The International Offshore Business and Financial Partnership founded by us is incorporated as extraterritorial, i.e. with registered office in the Dominican Republic, but with services offered exclusively outside the territory of the Dominican Republic. The company may have offices in the Dominican Republic or outside the Dominican Republic; however the services may be offered exclusively outside the Dominican Republic. The International Offshore Business and Financial Partnership must not have among its clients the citizens, firms or residents of the Dominican Republic. This rule must be complied with, as should it be breached, the International Offshore Business and Financial Partnership could be a subject to penalties imposed by the bank supervision, the Central Bank or other bodies supervising the relevant market segment, for offering financial or banking services in the Dominican Republic. Foundation of the International Offshore Business and Financial Partnership usually does not take longer than 30 days.