Offshore Company Formation
Company Formation
What is an Offshore Company ?
Essentially, an IBC (aka International Business Company) or Exempt company is formed in an offshore jurisdiction which is political stable and has a reliable legal system. Recommended and well known jurisdictions (aka Tax Havens) offering very low or zero tax rates are:
Why form an Offshore Company
Expatriates, high net worth individuals, entrepreneurs and business owners from all over the world set up offshore companies for international trading or consulting business, as a holding to onshore companies or for investment purposes. An offshore entity is allowed to own any assets such as cash, securities, shares, real estate, yachts & ships, aircrafts, patents, copyrights etc. At the same time, however, the identity of the owner of the company itself can be protected by offshore legislation or even remain completely anonymous.
Offshore Company Advantages
Offshore Company - Definition
As the words offshore, international and exempt indicate, an IBC or Exempt Company is NOT ALLOWED to:
British Virgin Islands (BVI) IBC Company Formation
Belize IBC Company Formation
Isle of Man (IOM) International LLC Formation
Jersey Exempt Limited Company Formation
Hong Kong Private Limited Company Formation
Panama Non Resident Company Formation
Seychelles IBC Company Formation
Essentially, an IBC (aka International Business Company) or Exempt company is formed in an offshore jurisdiction which is political stable and has a reliable legal system. Recommended and well known jurisdictions (aka Tax Havens) offering very low or zero tax rates are:
- British Virgin Islands (BVI)
- Belize
- Isle of Man (IOM)
- Jersey
- Hong Kong
- Panama
- Seychelles
Why form an Offshore Company
Expatriates, high net worth individuals, entrepreneurs and business owners from all over the world set up offshore companies for international trading or consulting business, as a holding to onshore companies or for investment purposes. An offshore entity is allowed to own any assets such as cash, securities, shares, real estate, yachts & ships, aircrafts, patents, copyrights etc. At the same time, however, the identity of the owner of the company itself can be protected by offshore legislation or even remain completely anonymous.
Offshore Company Advantages
- Asset protection against threatening creditors or an angry spouse
- Access to Private Banking in it's most sophisticated form
- Fewer restrictions on doing business
- Fewer bureaucracy (simple administration)
- Privacy protection
- Low or no tax
- Risk management
Offshore Company - Definition
As the words offshore, international and exempt indicate, an IBC or Exempt Company is NOT ALLOWED to:
- Do business in the jurisdiction of incorporation
- Buy and own real estate in the jurisdiction of incorporation
- Provide banking, insurance, trust or legal services
- Maintain a local bank account (or bank in any other jurisdiction)
- Engage a loal solicitor, accountant or manager
- Hold meetings and maintain books there
- Own a ship, yacht or aircraft registered in the jurisdiction
British Virgin Islands (BVI) IBC Company Formation
- Minimum number of company officers: ONE
- Local secretary required: NO
- Share capital: 50,000 USD (no need to pay this in) or more
- Annual government fees: 350 USD (1,000 USD if share capital more than 50.000 USD
- Disclosure of information: NO
- Double tax treaties: NONE
Belize IBC Company Formation
- Minimum number of company officers: ONE
- Local secretary required: NO
- Share capital: 50,000 USD (no need to pay this in)
- Annual government fees: 100 USD
- Disclosure of information: NO
- Double tax treaties: NONE
Isle of Man (IOM) International LLC Formation
- Minimum number of company officers: ONE
- Local secretary required: YES
- Share capital: N/A
- Annual government fees: 475 GBP
- Disclosure of information: YES
- Double tax treaties: UK only
Jersey Exempt Limited Company Formation
- Minimum number of company officers: TWO
- Local secretary required: NO
- Share capital: 10,000 GBP (no need to pay this in)
- Annual government fees: 600 GBP
- Disclosure of information: YES
- Double tax treaties: UK, Guernsey & France
Hong Kong Private Limited Company Formation
- Minimum number of company officers: TWO
- Local secretary required: YES
- Share capital: 1,000 HKD (no need to pay this in)
- Annual government fees: 350 USD
- Disclosure of information: YES
- Double tax treaties: China
Panama Non Resident Company Formation
- Minimum number of company officers: THREE
- Local secretary required: NO
- Share capital: 10,000 USD (no need to pay this in)
- Annual government fees: 250 USD
- Disclosure of information: NO
- Double tax treaties: NONE
Seychelles IBC Company Formation
- Minimum number of company officers: ONE
- Local secretary required: NO
- Share capital: 100,000 USD (no need to pay this in)
- Annual government fees: 100 USD
- Disclosure of information: NO
- Double tax treaties: NONE
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