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⍰ ASK What is the role of a registered agent in an offshore company?

A registered agent is an individual or a company appointed by an offshore company to receive official legal and tax correspondence on behalf of the company. The registered agent acts as the official point of contact between the offshore company and the government, and is responsible for forwarding all official correspondence to the company's management.

The role of the registered agent is crucial in ensuring that the offshore company remains in compliance with local laws and regulations, as they are responsible for receiving important notifications, such as tax bills, annual return reminders, and notice of lawsuits.

The registered agent must be located in the same jurisdiction as the offshore company, and must be available during business hours to receive and forward correspondence.

In addition, the registered agent may also provide additional services to the offshore company, such as providing a registered office address, maintaining company records, and filing annual returns.
 

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