This page explains OOBAC.COM’s terms and conditions. You must agree to these to use OOBAC.COM. By using any of the services through OOBAC.COM (hereinafter, referred to as "Oobac", “we”, “us” or “ourselves”), you, hereby, signify your assent to the following Terms and Conditions (hereinafter, referred to as "Terms") that will govern your relations with Oobac. You also signify your consent to the effect that you have read and understood these Terms.

Notwithstanding anything contained hereunder, the Website reserves the right to refuse enrollment for the affiliate program to anyone for any or no reason whatsoever.

Using Oobac

You agree to use Oobac only for lawful purposes. You must also use it in a way that does not infringe the rights of or restrict or inhibit the use and enjoyment of, this site by anyone else. Oobac is being updated and improved all the time. We reserve the right to change or remove content at any time without any prior notice and you agree that we will not be liable to you for any such changes.

Linking from Oobac

Oobac may link to websites that are managed by other agencies, service providers, or other organizations. Oobac does not have any control over the content on these websites. These links are provided for your convenience and may sometimes lead to partners, affiliates, and/or advertisers. We do not endorse the content and/or features of any of such website(s). Therefore, we disclaim any liability arising out of your dealings and interactions with such linked website(s). You agree to release us from any claims or disputes that may come from using these websites.

VIRUSES, HACKING AND OTHER OFFENCES

By using Oobac you agree that you will not misuse Oobac by introducing viruses, trojans, worms, logic bombs, or other materials that are malicious or technologically harmful. You also agree that you will not attack Oobac via a denial-of-service attack or a distributed denial-of-service attack or attempt to gain unauthorized access to Oobac, the server on which Oobac is stored, or any server, computer or database connected to Oobac.

We will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of Oobac or to your downloading of any material posted on it, or on any website linked to it.

Disclaimer

The content of Oobac is meant as general information for the public and no professional or expert advice is intended to be imparted through any content or feature of Oobac. We make every effort to keep Oobac up to date; however, we do not provide any guarantees, conditions, or warranties that the information will be current, secure, accurate, complete, or free from bugs and viruses. You use the Website at your sole risk and discretion.

The Website is provided to the users on "AS IS" basis and does not make any express or implied warranties, representations or endorsements whatsoever (including, without limitation, warranties of title or non-infringement, or the implied warranties of merchantability or fitness for a particular purpose) with regard to the products and/or services, any merchandise information or product or service provided through the Website. The Website shall NOT be liable for any cost or damage arising, either directly or indirectly, from any such transaction.

All content on Oobac is subject to change without any prior notice. Further, you shall be solely responsible to verify with competent professionals the exact advantages and laws that apply to you according to the product you order and to your country of residence and the international law.

You agree to fulfill all applicable legal requirements in your country/region before using the product/service. We strongly recommend you to comply with the laws of your country of residence, as well as the international law and the laws of the jurisdiction of your product, and also any other legal context that might be involved or related to the usage of the service/product you order.

Oobac may be subject to periodic maintenance: or due to any unforeseen event, the transmission of the site may be disrupted. Therefore, we do NOT guarantee uninterrupted or error-free service.

We do not give any legal or fiscal advice and shall not be liable to manage the legality and the tax compliance of your business. You should get professional or specialist advice before doing anything on the basis of the content. We only act as an administrative and experienced intermediary between you and the concerned institutions to ensure the product/service you order is properly delivered and most importantly we only act upon your solicitation with you having full knowledge of what you are doing and what you want to do with this product/service.

Eligibility

The products and services provided through Oobac are exclusively meant for the users who are of the age of majority and thus, capable of entering into a valid contract. For this purpose, the applicable law shall decide what is the age of majority. By using Oobac you acknowledge and warrant that you are at least eighteen (18) years old; otherwise recognized as being able to form legally binding contracts under applicable law, and you are not barred from purchasing or receiving the services under the laws of the United States or other applicable jurisdiction.

KYC (Know Your Client) Policy

Like any other corporate or banking related services, we shall conduct full KYC verification, in addition to regular verification of your information in order to keep your KYC information up to date.

Currently, our KYC requirements consist of providing us with a copy of passport and a document as proof of address (such as an energy bill, or telecom bill, or Bank statement or tenancy agreement or certificate of hosting, etc.). We may ask you to provide us the original certified documents to complete our internal Anti-Money Laundering procedures. If you fail to comply with our request within a reasonable time frame (specified at the time of any request), we may terminate your services and no refund shall be given for such failure.

Our required document for KYC may change from time to time depending on the type of service to be provided. Additional or new documents may be asked in order to complete the verification process.

As an intermediary of company service providers, we have an obligation to carry out regular checks on any company (including directors, officers, shareholders, and beneficial owners) that we provide services. By accepting this Terms, you agree that we are authorized to open any mail delivered to our offices in respect of any company you have incorporated via Oobac or have engaged us to provide ongoing services to. If we find any information or activities that are illegal, unethical, or high risk then we reserve the right to terminate services without any prior notice and without refund.

Users who do not order any service/product are not bound by our KYC requirements. Only users that order a corporate product or service will have to comply with the KYC requirements.

Eligibility

The products and services provided through Oobac are exclusively meant for the users who are of the age of majority and thus, capable of entering into a valid contract. For this purpose, the applicable law shall decide what is the age of majority. By using Oobac you acknowledge and warrant that you are at least eighteen (18) years old; otherwise recognized as being able to form legally binding contracts under applicable law, and you are not barred from purchasing or receiving the services under the laws of the United States or other applicable jurisdiction.

Country-Specific Regulations

Oobac products and services are compliant with country-specific law systems, customs, and regulations. We do not accept any illegal or gray zone matters, including but not limited to:

• Practices that are considered illegal in your country
• Businesses that breach international laws and treaties
• Drug and arms dealings
• Money laundering
• Illegal trade with countries prohibited by the U.S.
• Child pornography, bestiality, etc.
• Illegal bank accounts, insurance, and securities businesses
• Tax evasion
• Activities that support violence

Oobac can support only the legal and rightful activities.

Security & Privacy

All information submitted through this Website is secured and encrypted by Secure Socket Layer (SSL).

All such information is not shared with a non-concerned third party.

However, in order to conduct our business efficiently and legally, and for purely administrative reasons, we reserve the right and the discretion to provide your details and information to the concerned and authorized partners that we work with, including but not limited to, banks, law firms, public notaries and registration offices or any other professional involved in our workflow.

When ordering one of our corporate services, and once the access to our Online Application System is granted, you will be required to submit all correct and complete information needed for the Bank Account Opening Application, or Company Formation Application or any other application/service you have ordered.

Any false or incomplete information provided can lead to cancellation of the service with no refund and eventually can lead to further legal problems if the Bank or the institution concerned learn that you provided false information.

All the information that you will submit to us shall be kept and archived in a secure manner.

Limitation of Liability

Oobac SHALL NOT be responsible, in any event, even if it has been advised of the possibility of, for:

• (i) any incidental, consequential, or indirect damages (including, but not limited to, damages for loss of profits/revenues, business interruption, loss of programs or information et al) arising out of the use of or inability to use the service, or any information, or transactions provided on the service, or downloaded from the service, or any delay of such information or service.
• (ii) any claim attributable to errors, omission, or other inaccuracies in the service and/or materials or information downloaded through the service.

Regarding the supply of any goods or services ordered by you through Oobac, we shall not be liable for any delay or failure to carry out any of our duty if the delay or failure results from events or circumstances outside our reasonable control, including but not limited to change of banks regulation, change of country regulation, authorities failure or delay to respond, strikes, lockouts, accidents, war, fire or failure of any communications, telecommunications or computer system.

Indemnification

You agree to indemnify, defend and hold harmless the Oobac, its officers, directors, employees, agents, licensors, suppliers and any third party information providers to the service from and against all losses, expenses, damages and costs, including attorneys fees, resulting from any violation of this Terms and Conditions Agreement (including negligent or wrongful conduct) by you or any other person accessing the service through your membership information.

Government and Central Bank Regulations

Governments and Central Banks periodically change their policies to accommodate different businesses. This can be seen in the change of interest rate and the level of difficulty in opening a new account. We are obliged to comply with these changes, and in turn, will need to make adjustments in our own prices to accommodate these changes.

Company formation

Any agreement for the operation and maintenance of the company is closed for a full year. You must pay the full amount (including but not limited to, government fees, duties, taxes, and other third-party disbursements together with Nominee Directors or Shareholders fees) and these fees are not refundable. An additional transfer fee of EUR 500 will be applied if you like to terminate the contract or transfer your company to another agent or corporate service provider.

Opening a bank account

The service will end once the account is opened and thereafter you are responsible for any communication and relationship between you and the bank. We will not be liable for any loss or damage caused by the bank (including but not limited to, change of bank regulations and terms, change of fees, closure of the bank, bankruptcy, and whatsoever).

You agreed to provide all information and documents requested by the bank within fifteen days. Failure to comply with such a request causes the rejection of a bank account opening and no refund shall be given for such failure.

Payments and Refunds

1. All payments to OOBAC.com shall be made by bank transfer or online credit card transaction or any other means without the involvement of any intermediary.
2. For all credit card payments, we reserve the right to terminate or freeze the service provided to the client in the case, when it is found that the client has done or tried to do a fraudulent payment. Additionally, we also reserve the right to take permissible legal action against such a client.
3. Once an application is initiated, no request for a refund shall be entertained. Please verify that you can provide all the documents and information required by each type of application for each type of product/service before ordering.
4. If your order has not yet been processed and the application is not yet initiated, you may request a refund of the ordered product/service within 7 (seven) days timeframe from the date of the confirmation of your payment. Any refund inquiry after this period shall not be entertained.
5. You undertake to pay any transaction fee, if applicable, related to the payment of your order.
6. No request for a refund shall be entertained if services are terminated by us due to breach of these Terms.

Changes in Our Service Prices

Our pricing is based on current international rates. Should there be changes in these rates, note that we will have to adjust our prices to accommodate these changes without prior notice.

Governing law

These terms and conditions are governed by and construed in accordance with the laws of Cyprus. Any dispute arising out of your use of Oobac shall be subject to the laws and courts of Cyprus.

Changes to these terms and conditions

Changes to these terms and conditions Please check these terms and conditions regularly. We can update them at any time without any prior notice. You’ll agree to any changes if you continue to use Oobac after the terms and conditions have been updated.
Last updated 10 September 2020