PROFESSIONAL INTERMEDIARY AGREEMENT
CILTrust International Limited
THIS AGREEMENT is made this day of
(hereinafter called "the Professional Intermediary" which expression shall in the case of a company include its representatives and assigns and shall in the case of more than one person mean such persons jointly and severally and shall include the survivor or survivors of them and their respective, personal representatives and assigns) of the one part
CILTrust International Limited of #35 Barrack Road, Third Floor, Belize City, Belize, (hereinafter called "the Service Provider" which expression shall where the context so admits include its successors in title and assigns) of the other part.
(Hereinafter -'the Principals").
NOW IT IS HEREBY AGREED as follows:
1. The Service Provider shall provide the Services to the Professional Intermediary for or in respect of the Principals as the Professional Intermediary may from time to time request orally, in writing or in any other manner and as the Service Provider in its absolute discretion may agree to provide and without prejudice to the generality of the foregoing the Services may include: provision of trustees or trustee services for the Principals;
(ii) provision of registered trust agents of the Principals;
(iii) provision of the registered office and registered agent of the Principals;
(iv) provision of directors, alternate directors, officers and nominee shareholders;
(v) maintenance of statutory records and filing of statutory returns;
(vi) maintenance of books of accounts and other financial records and arranging for the preparation of financial statements of the Principals;
(vii) dealing with the Principals' correspondence and day-to-day affairs;
(viii) Investing the funds of the Principals on the Professional Intermediary's instructions or on the instructions of such advisers as the Professional Intermediary may recommend or from time to time appoint.
(ix) Keep the customer up to date on all new legislations and requirements as well as any changes to requirements and procedures.
(x) Offer the service of advising and assist to have companies compliant (some of this service will be at additional fees that will be agreed prior to providing the services).
2. As remuneration for the Services, the Service Provider shall receive from the Professional Intermediary such fees and in such manners as are set out in its fee scale which may be varied from time to time by the Service Provider.
3. The Professional Intermediary hereby covenants with the Service Provider and as a separate covenant with each person nominated by the Service Provider who may from time to time be or act as director, alternate director, secretary, assistant secretary, manager or other officer or shareholder of the Principals (hereinafter called "the appointees" which expression shall include any of them) that: -
(a) the Professional Intermediary will at all times guarantee the due payment and reimbursement to the Service Provider or the appointees of all fees, disbursements and expenses in connection with the Services rendered by the Service Provider at the request of the Professional Intermediary.
(ii) to receive the proceeds of drug trafficking (iii) to receive the proceeds of criminal activities
place of the Professional Intermediary or at other place(s) for giving instructions to the Service Provider;
The Professional Intermediary agrees to indemnify the Service Provider against all claims, costs, charges or expenses in relation to or arising out of the Service Provider acting in accordance with any instruction or by reason of any act done, failed to be done, or concurred in, which may have arisen out of, or by reason of the execution of instructions or duties, or supposed duties and as a consequence thereof to reimburse to the Service Provider all payments made as a result thereof. The Professional Intermediary irrevocably authorizes the Service Provider to debit any of the Professional Intermediary's accounts all such payments and to advise the Service Provider of any such claim immediately.
Terrorism(MLTP) (Prevention) ( Amendment) Act, 2023 and adherence to the MLTP Act by all clients under its management
(MAINTENACE) (AMENDMENT) Act, 2023 that requires the keeping of financial records at the office of the register agent and the keeping of accounting records up to 5 years following the ending of a relationship, dissolution , struck- of
(Amendment) Act, 2021 - that requires every IBC to be legally obligated to pay business tax levied by the IBT Act, specifically, Section 106s ( l ) and 107 and obtain a Belize Tax Identification Number (TIN)
(ii) the Service Provider requires any instructions from the Protèssional
Intermediary or the beneficial owners of the Principals; and
Service Provider in its absolute discretion considers adequate and proper;
Then subject as hereinafter provided the Service Provider may proceed in any or more of the following ways:-
PROVIDED THAT the Service Provider shall have given to the Professional Intermediary notice that the provisions of this clause 9 shall apply and unless within the period stated in such notice the Professional Intermediary has taken such actions as shall therein be specified.
This Agreement shall be binding upon and endure for the benefit of the successors in title or assigns of the parties hereto.
Signed by the Professional Intermediary:
Signed on behalf of Cll. Trust International Limited
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Document Name: PROFESSIONAL INTERMEDIARY AGREEMENT
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