A note from the president:
The VALIS Group started as VALIS Information Systems in 1992 in Vancouver, British
Columbia, which is located on the Southern West Coast of Canada (a very beautiful area.)
We later incorporated in Alberta, Canada, to become VALIS Group Inc.
Becoming highly involved in the Internet and wanting to do business internationally we set
out to find the answer. After talking to our account manager, we discovered that in
order to get a merchant account we would have to put up $30,000 in advance. This seemed
unreasonable to us, knowing how easy it was for Americans to accomplish the same thing.
After hundreds of hours of searching and asking questions we found that the only
way to go was to setup an American Corporation. We spent hundreds of more hours
researching where to incorporate (advantages/disadvantages) and how to incorporate
efficiently. So we incorporated in the State of Delaware as VALIS Group Inc. --
Having two companies in different countries with the same name makes life interesting.
Next, we found we had to get a United States Bank Account (the US Account, routed through New
York, setup by our Canadian Bank wasn't good enough) so we searched for hundreds of more
hours. We contacted every bank with a web site. Not one would allow us to open
an account unless we came down and opened the account in person. Luckily we didn't
have to go far to get everything we needed (about a 2 hour drive, each way, across the
border into Washington State). We found a reputable bank that offered full Internet
access to our account and a US VISA debit card.
Finally we could get our merchant account. Of course this was still painful as
the Merchant Account Provider, didn't know what to do with a foreign owned US Corp.
Luckily we negotiated our way through to success.
After that harrowing experience we came to the conclusion that Internet Commerce was
heavily weighted in favor of the US Market and simply put: that is unfair. Our mission is to level the international playing field.
We struck a deal with the bank that allowed us to open accounts, in person, on behalf
of our international clients. We found the best way to incorporate and to take
advantage of an existing network of registered offices across the USA. We have
become a US Merchant Account Provider specializing in International Businesses, and can
offer the lowest discount rates and prices available anywhere, to US or foreign citizens.
We have struck partnership deals with several Real-time On-line Secure Credit Card
Transaction Networks, to offer our clients the best services available, and allow hands
off Internet Commerce. We are proud of what we've accomplished so far and plan to
expand our services to make it even easier for International Citizens to get in on the
booming Internet Commerce Market.
In the near future we will be able to setup Corporations in the Cayman Islands to
create parent corporations for our clients' US corporations. This will enable the US
corporations to lose money every year and the C.I. managing/parent corporations to have
the income in a tax free environment. Thus our clients will only pay local taxes on
the funds they draw from the C.I. corporations for their own use. Yes this is
perfectly legal. We plan to do the US tax returns and C.I. annual statements of any
of our clients who wish to keep their US corporations losing money. Thus relieving
all the extra burdens of owning foreign businesses and conducting international business
for you, our client.
David Gendron, President
VALIS Group Inc. (International)