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 Companies

Offshore companies are business companies which are incorporated in offshore jurisdictions or tax havens. Offshore companies are also called International Business Companies (IBCs). There are thousands of offshore companies incorporated around the world and the number is on the increase as more persons are becoming aware of the advantages of offshore incorporations. The biggest advantage to offshore company setup is the tax exemptions which these companies benefit from. Other advantages are privacy and asset protection. Offshore companies can be incorporated in Belize, Bahamas, Panama, Dominica, Cyprus, Seychelles, Gibraltar, St Kitts and Nevis, British Virgin Islands, Anguilla and Hong Kong. International tax planning efforts can be reinforced if you have a second citizenship. With a second citizenship someone is able to acquire wealth, invest in real estate, preserve wealth and have that property safeguarded by the laws of the second country of citizenship. Dual citizenship helps to increase personal and financial safety and promotes smart retirement planning.

For offshore company incorporation the process is not very costly and time consuming. An offshore service provider can safely register an offshore company. In some offshore jurisdiction the incorporation of offshore company can take one working day and in others the process may take longer sometimes up to two working days. For offshore companies incorporation the registered agent prepares a Memorandum of Association and Articles of Association which is filed with the offices of the Registrar of Companies for review. This must be accompanied by a registration fee. The information to be included is; a proposed name for the offshore company, the name and address of the registered agent, the authorized share capital for the company, the number of shares to be issued, the type of shares to be issued, the voting rights, powers ad restrictions placed on each type of share issued, the names and addresses of directors and shareholders of the offshore company, the by-laws of the company.

The offshore companies can do business in any country in the world but some offshore jurisdictions restrict the offshore companies from doing business in the country of incorporation. In these jurisdictions the offshore company is also prohibited from doing business on behalf of residents. The types of business operations an offshore company can undertake are many as long as the company acts legally and follows all regulations in the country of operation. Offshore corporations are widely used as trading companies and holding companies.

Offshore companies are tax exempt entities. An offshore company if incorporated in the right jurisdiction will pay no local taxes as there are tax havens which tax offshore companies on profits. The best offshore jurisdictions have no local taxes for the profits of offshore companies which are earned outside of the jurisdiction. All offshore companies must pay a registration fee and annual license renewal fees which maintain the company in god standing order.

Offshore companies are protected by privacy laws in the offshore tax havens which prohibit persons from divulging information about offshore companies to the public or other corporations. Punishments for breaking this rule include prison time and monetary fines. Asset protection laws also protect any assets placed in offshore companies from creditors and foreign court rulings. Assets which offshore companies can own includes real estate property, capital, stocks and bonds, art, jewelry, vehicles, shares and many others.

Offshore companies are perfect for tax planning and for protecting assets and they make good investments.

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