Offshore Incorporation Services

Offshore incorporation services are offered in the offshore jusdictions or tax havens. Offshore...

Offshore Foundations

Offshore foundations are offshore entities which are used because of their ability to provide...

Offshore Companies

Offshore companies are business companies which are incorporated in offshore jurisdictions or tax...

Offshore Incorporations Limited

Offshore incorporations limited refer to a number of offshore corporations and entities which can be incorporated in offshore tax havens. Offshore incorporation of the following can be done in offshore jurisdictions with the legislation to support their incorporation; offshore companies or International Business Companies (IBCs), offshore foundations, offshore trusts and many others. The offshore companies are perhaps the most popular offshore entity incorporated in the offshore jurisdictions. Offshore incorporations can be done in Dominica, Anguilla, St Kitts and Nevis, Mauritius, Seychelles, Cyprus, British Virgin Islands, Belize, Singapore, Panama, Bahamas, Cayman Islands, Gibraltar, Hong Kong, Dubai and Switzerland among many others.

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Offshore incorporations of offshore companies can be done by registered agent who provides offshore incorporation services in the tax haven. This saves the offshore client time and money since by employing a registered agent will remove the need for the person interested in offshore entities to travel to the jurisdiction. Registered agents are also employed for registering offshore foundations and offshore trusts in the offshore tax havens. Only persons licensed to carry out offshore services can perform such duties.

For offshore company incorporation the registered agent has to prepare the incorporation documents; the Memorandum of Association and Articles of Association. These documents are submitted to the Registrar of Companies in the offshore jurisdiction. The Registrar then reviews the documents and if they pass inspection then a Certificate of Incorporation will be issued making the offshore company a legal entity. For offshore company incorporation the following information is needed:

  • The proposed name for the offshore company
    • The name and address of the registered agent
    • The names, nationalities and address of the company shareholders and directors
    • The authorized share capital of the offshore company
    • The number of shares the company wishes to issue
    • The types of shares
    • A statement declaring the rights, voting powers, restrictions, limitations and privileges of each type of shares
    • The purpose for forming the offshore company
    • The by-laws of the company

The registration of offshore foundations is done by offshore registered agents. A Foundation Charter must be presented for offshore foundation registration along with a registration fee. The foundation must appoint a Founder, Foundation council, beneficiaries and each offshore foundation has a settlor. The foundation council must be made up of three or more person and these persons manage the assets of the foundation, the settlor is the person who transfers the assets and the founder is the individual who registers the offshore foundation. The beneficiaries inherit the offshore foundation’s assets. The offshore foundation charter must include;

-The name of the offshore foundation
-The assets to be placed in the foundation
-The names of the council members
-The names of the beneficiaries
-The length of time the foundation must be in existence

Offshore incorporation of offshore trusts involves the registration of a trust deed. All offshore trusts must appoint a trustee and beneficiaries. The trustee of the offshore trust is the person who is made responsible for all the trust assets and affairs. The beneficiaries are the ones who stand to benefit from offshore trusts. Offshore trusts and foundations are not permitted to carry out normal business operations (commercial activities) but can from time to time engage in actions which will benefit the trusts and offshore foundations. The trust deed must show the name of the trust, the number of years the trust will be around for, circumstances under which the offshore trust can be dissolved, how the assets are to be distributed and other information.

All offshore incorporations effect on offshore tax havens will end up with business corporations, trusts and foundations which are tax exempt entities. These offshore entities will pay no local taxes in the offshore jurisdiction on any capitals and other types of assets which has been outside of the offshore jurisdiction of incorporation. Offshore companies will pay a registration fee and the same applies for offshore foundations and trusts. Offshore incorporation guarantees that these offshore entities receive asset protection. All assets placed in offshore foundations, offshore companies and offshore trusts during incorporation are protected by laws in the offshore tax havens. The benefits of offshore incorporation are unlimited and offshore incorporation limited is good investments.

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