Free Remittance Of Profits
Security Of Property Rights
Access To Tax Treaties
Availability Of Experts
Customs And Duty Exemptions
Sanctity of Contracts
Higher Yields And Returns
Access To Top-rated Jurisdictions
Accessing Low-Cost Areas
Access To Foreign Insurance
Foreign Investment Inducements
Tested Legal Systems
Sophisticated Banking Facilities
If you answer YES to at least one of these needs, then you need to register an
What is an Offshore Company?
An offshore company is a company that is set up in a different country from the country of residence of the stakeholders, and it’s usually meant not to do any economic activities in that particular country.
For example, suppose your business operates in Europe. Setting up your legal business structure in Hong Kong but maintaining your operations in Europe, as well as doing business activities in countries other than Hong Kong, allows your company to enjoy the benefits offered by Hong Kong (e.g., tax exemption for activities outside HK).
“But isn’t it illegal?” you might ask. Fair enough, but here’s the thing; it’s a common misconception that offshore companies are said to be ideal for criminals, corruptors, and the likes to hide their money and avoid paying taxes. While it’s true in some cases, in many other cases, people use offshore companies for legitimate purposes.
Similar to any other type of companies, offshore companies are governed by the laws of the jurisdictions where they are established, allowing you to do your business activities legally.
Let’s talk more about the benefits by understanding the reasons why setting up an offshore company may be ideal for you.
Why Setup an Offshore Company?
Offshore company how it works
Consult an International corporation services provider
You could DIY the whole process, but unless you understand International laws and the formation process, it’s highly recommended to use offshore company formation services like us.
Read on to learn why.
Choose offshore jurisdiction(s) and devise the right plan
This is where things can be tricky: Not only you should know how to best navigate the laws and regulations of a particular offshore jurisdiction, but you also need to know the tax treaties between jurisdictions.
As mentioned above, it’s better to use a trusted corporation services provider. Providers like us know the ins and outs of offshore jurisdictions, including how to devise the right strategy for your business (e.g., should you involve more than one jurisdiction for your business set up? Where should you legally register your company and where should you open your bank account?
Since your need is unique, you need a customized offshore plan.
Prepare the required documents
Once the plan has been finalized, you need to submit various documents, such as proof of address, existing bank account details, and so on.
Following the requirements closely will speed up the company registration process.
Get your company registered
The whole process can take anywhere between 2 days and 3 weeks, largely dependent on your document validation process and the typical processing time of the offshore jurisdictions.
Do you need help to form your Offshore Company?
Our experts can help you achieve the register of a Company in various offshore jurisdictions around the world.