Limited Liability Companies

Limited Liability Companies (LLCs) can be formed in Pacific for the conduct of legitimate or legal business activities. The application for the formation of an LLC must be made through a Pacific licensed Registered Agent.

A Limited Liability Company is governed by an Operating Agreement where managers and members are assigned interests in the company. The LLC Act provides for the formation of Single LLCs or Series LLCs. LLCs are registered in FPFSA within 24 hours.

Articles of Formation and the requisite fees must be provided to the Registrar of Limited Liability Companies to facilitate the incorporation process. Limited Liability Companies can be formed within 24 hours of the receipt of the application.

Limited Liability Companies:

• must have a Registered Agent in FPFSA, through which all applications to the Registrar of Limited Liability Companies are to be made
• must provide all customer due diligence information on the Ultimate Beneficial Owner, Manager, and Members to the Registered Agent prior to the application for Formation
• must state the nature of the business activity it intends to engage in upon formation

Managers, members, and officers may reside anywhere in the world, and their meetings may be held wherever they decide. There is no residency or nationality requirement for managers, members, and/or officers of an LLC formed in Pacific.