The benefits of such a solution

Having an offshore business has several advantages:

  • Support for foreign countries at all levels;
  • No taxation;
  • Privacy;
  • Protection of assets;
  • Ease of registration;
  • Flexible legislation.

With such registration, you can protect your business from liquidation attempts, wrongful claims, illegal claims, and more. Usually, registering an offshore business is beneficial for business owners if there are problems with the courts and the executive branch in their country.

Most jurisdictions do not impose capital requirements. The registration process usually takes only a few days.

Jurisdictions that offer to register such a company are interested in attracting foreign business; therefore, they give them impeccable protection and various benefits and comprehensively try to help their development: lack of strict control, ease of paperwork, simplified taxation, and much more. Even if there is a country that exempts you from paying taxes, it will receive additional bonuses in the form of investments, jobs, and other things.

Jurisdictions for registering

Seychelles

  • Registration takes 2-3 days;
  • Tax rate 0%;
  • General legal system;
  • No public registry;
  • No accounting requirements.

UAE

  • Registration takes 2-3 days;
  • Tax rate 0%;
  • Regulated by UAE law;
  • No public registry;
  • No accounting requirements.

Panama

  • Registration takes 1-2 days;
  • Tax rate 0%;
  • General legal system;
  • No public registry;
  • No accounting requirements.

SVG

  • Registration takes 2-3 days;
  • Tax rate 0%;
  • General legal system;
  • No public registry;
  • No accounting requirements.

Mauritius

  • Registration takes 7-10 days;
  • Tax rate 0%;
  • General legal system;
  • No public registry;
  • There are accounting requirements.

Cyprus

  • Registration takes 6-8 weeks;
  • Tax rate 12.5%;
  • General legal system;
  • There is a public register;
  • No accounting requirements.

Malta

  • Registration takes 3-4 days;
  • Tax rate 5%;
  • General legal system;
  • There is a public register;
  • There are accounting requirements.

Switzerland

  • Registration takes 10-12 days;
  • Tax rate 13.99%;
  • Civil legal system;
  • There is a public register of directors;
  • There are accounting requirements.

Latvia

  • Tax rate 15%;
  • General legal system;
  • There is a public register;
  • There are accounting requirements.

Offshore Company registration involves 4 main stages

  • Stage 1

Choice of jurisdiction

It is one of the most critical steps. Each country sets its own rules and requirements for the applicant company, so the council will learn more about several jurisdictions at once to make the right decision.

  • Stage 2

Payment of fees and services of the state registrar.

Each country sets its own fixed fee. It does not change depending on the activities of the organization. The total price can be obtained from our specialists.

  • Stage 3

Opening a bank account and depositing the minimum authorized capital (if necessary).

Each country sets its requirements for the size of the authorized capital. You still need to open a bank account even if it is not required.

  • Stage 4

Collection of necessary documents.

The passage of each of the stages involves the collection of required documents. All papers must be translated into the language of the country where you want to register.

Offshore company groups

Not all entrepreneurs benefit from having offshore companies. However, there are specific categories for which this can be an ideal solution:

  • Digital entrepreneurs. They usually do not have fixed addresses or offices and want minimal financial reporting requirements to keep costs down.
  • eCommerce. Sales tax is a significant concern when running an online business, and some jurisdictions do not charge this when buying domestically.
  • Consultants.
  • Trading business. The presence of offshore registration allows you to make international companies more flexible.
  • Holding business. Having offshore registration allows you to reduce tax, increase asset protection and increase privacy.
  • Forex and crypto business. Jurisdictions have well-thought-out asset protection and corporate anonymity laws. They have a friendly environment and vital financial services ideal for starting a related company.

Forex and crypto industries are illegal in some regions, so having an offshore registration allows you to avoid problems in your home country.

Required documents

The required documents list highly depends on the jurisdiction you have chosen. You must prepare an identity card for the company’s owner, shareholders, and managers. Also, you need to provide the legal address of the company.

If you decide to register an organization not on your own but through an intermediary, you must issue a power of attorney.

Also, it would be best if you drew up a memorandum of association, where all the general rules for the organization of the corporate structure will be spelled out. It also contains the following required data :

Mandatory information that must be included in the documents of an offshore company:

  • Name;
  • Data of founders;
  • Data of the registered agent;
  • The legal address of the offshore organization;
  • Regulations spelled out the goals of the company’s activities and powers.
  • Amount of authorized capital and currency.
  • Features of activity and some other things.

These items may change depending on the company’s activities and your chosen jurisdiction. A complete list of required documents can be obtained from our specialists.

Simple advice on choosing a jurisdiction

Choosing a jurisdiction is a highly complex process that requires a lot of knowledge and even business sense. We advise you to first of all pay attention to such points:

  • The economic stability of the country;
  • Your country of residence (several jurisdictions impose restrictions on entrepreneurs from certain countries );
  • Tax regime (some completely exempt offshore companies from paying taxes, while in others, it can be up to 20% of profits);
  • Reputation (many partners refuse to work with organizations if the jurisdiction has a bad reputation);
  • Level of risk.

Today several zones are on the “red” list, namely in the list of non-cooperative EU tax countries, countries subject to US sanctions. You should avoid such cooperation if you want your business to develop successfully and actively.

Also, when choosing, you need to pay attention to the speed of registration if you have time constraints. Some entrepreneurs try not to advertise that they have foreign companies to avoid problems in their native country. In this case, they should choose a jurisdiction with no public registry.

This website uses cookies to ensure you get the best experience.