Offshore Company Registration
Registration of a company in offshore jurisdictions has been extremely popular. This is because of the attractive benefits like tax avoidance, asset protection, and confidentiality. These benefits are beneficial to all businesses registered and situated in that particular jurisdiction, regardless of the ownership and area of operations. Meanwhile, the tax concessions and benefits may vary in every jurisdiction. For instance, all companies in the British Virgin Islands (BVI) have zero income tax while a complete tax exemption for all international businesses operated by non-residents applies in Seychelles.
One of the main applications of an offshore company is to become a holding and property-owning company. A holding company can be registered and used to hold the shares and assets of its subsidiaries located in high-tax countries.
There are about fifty countries that promote offshore business. You may choose the right jurisdiction by considering the intended use of the offshore company, your personal and business circumstance, and the actual regions where your company plans to trade.
Pinery offers the incorporation of offshore companies in different jurisdictions. Contact us to know.
Featured Jurisdictions
📍British Virgin Islands (BVI)
The British Virgin Islands is by far the most popular offshore holding structure in the world. This is ideal for the registration of a company with the purpose of an international trading company, investment funds, property rights and licensing, financial wealth planning
The popularity is attributed to the following factors:
- Exemption from income tax, capital gains tax, inheritance tax, gift taxes, and VAT
- Flexible structure
- Flexible and commercial corporate legislation
- Offer a high level of privacy and confidentiality
- Minimum on-going compliance requirements
- Straight-forward incorporation process
- Administered by Registry of Corporate Affairs
📍Cayman Islands
The Cayman Islands is ideal for the registration of a company for investment funds, financial services, Science and Technology, and Maritime and Aviation services.
- No corporation, property, capital gains or withholding taxes
- A world-renowned centre for financial services
- With a full range of services and sophisticated business environment.
- A British overseas territory with a reputation for political and economic stability
- Robust regulatory regime
- Governed by the Cayman Islands Monetary Authority (CIMA)
📍Singapore
There are seven types of companies, namely Private Limited Company, Branch of a Foreign Company, Representative Office, Limited Liability Partnership, Limited Partnership, Partnership, Sole Proprietorship,that can be incorporated in Singapore. The most common type is a Private Company. Guide for Incorporation of Private Limited Company
Planning to have a business presence in Singapore? If you are yet to decide, you can conceptualize the business entity that you would like to set up with these helpful key considerations.
Easy steps to incorporate an offshore company
1. Check the availability of the proposed company name.
2. The client submits duly completed and signed incorporation checklist with the corresponding due diligence documents.
3. The client will arrange payments based on the invoice that we sent. Cheque, bank transfer, telegraphic transfer, Paypal are acceptable mode of payments.
4. The client will sign the incorporation documents and forms and complete the required certification / notarization.
5. Client will receive soft copies of incorporation documents Then, your new company in a jurisdiction is ready to do business! The client can also proceed to open a bank account.
Required documents
These are the basic documents required. Additional documents maybe requested for due diligence purposes.
Individual
- Certified passport copy
- Certified Proof of residential address not older than 3 months
Corporate
- Certified Constitutional documents with Registered Office Address i.e. Memorandum and Articles of Associations, Constitution, Trust Deed, or equivalent.
- Certified Certificate of Incorporation
- Certified Register of Directors and register of Shareholders or a current dated Certificate of Incumbency reflecting this information.
- Certified Corporate Structure
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