Eternity Law International — Offshore company

Offshore company

Published:
February 1, 2020

Offshore company. What is offshore? An offshore is a territory with a specific business climate. There are reduced or zero tax rates for foreign companies.

An offshore company is a legal entity registered in a territory with a milder business climate: reduced or zero tax rates (offshore)

An onshore company is a legal entity registered in a territory with an unattractive business climate: strict requirements and taxes.

What is an offshore company used for?

For comfortable doing business abroad;

To attract foreign investment;

To save on taxes without breaking the law.

What are the types of offshore companies?

Investment – the basis of their activities are investments made in various projects. Profits are subject to minimum tax.

Holding – registered for the development of the business, or for making investments in other companies. Profits are not taxed in whole or in part.

Trade – used to establish trade links between branches of one company in different countries. With their help, it is possible to arrange the export and import of goods (works, services) from one state to another.

Banking – subsidiaries of all kinds of financial organizations.

Due diligence for an offshore company is an examination carried out to assess the current state of the company from a legal and tax point of view.

Offshore company management. The managing person of an offshore company is its director. It is possible to appoint a nominee director if the real owner wishes to remain incognito.

The purchase of a ready-made offshore company is a procedure for re-registering an already registered legal entity with a new owner and introducing him to the company’s shareholders council.

What is the difference between an offshore company and an onshore company? An offshore company is fully or partially exempt from taxation, its owner may remain unknown. Offshore and onshore companies operating in offshore territory practically do not differ from each other.

Offshore company registration process:

  1. Choice of name;
  2. Preparation of constituent documents and holding a constituent assembly;
  3. Approval of the authorized capital;
  4. Office registration.

An offshore company renewal is required annually. There is an annual tax payment, transfer of fees for the services of a registered agent, for a legal address and other services.

Why is the power of attorney for an offshore company given only for a year? The nominee director is re-empowered annually. This is necessary to minimize the risks of the actual owner, and also allows the owner to refuse nominee service if it is no longer needed.

Taxation of an offshore company. Depends on the specific country and type of legal entity. This can be the complete absence of any transfers, the minimum rate, or preferential taxation.

Concealment of the real owner (beneficiary) of the offshore company. Allows the owner to remain incognito to avoid any problems. Management, in this case, is carried out by a nominee director.

What is nominee service? This is a tool for managing a company, in which the actual owner remains unknown. The board includes nominee (dummy) persons: director, secretary, other members of the board of directors.

What is a nominee service for? So that the real owner of the organization remains unknown, for security reasons or to avoid the recognition of the parent and subsidiary companies as interdependent.

Liability of the offshore company denominations. The nominee director is responsible for the correct accounting, payment of the necessary taxes and fees, etc. In the event of any claims from the regulatory authorities, it is the face value that will have to be answered.

Set of documents for an offshore company:

  • Certificate of Incorporation;
  • Charter;
  • Appointment of a director;
  • Nominee service documents

What is apostille? Apostille is one of the types of certification of documentation, officially recognized by many countries of the world.

Apostilled stitching of documents of an offshore company is a list of certified documents required for running an offshore company.

A bank account for an offshore company allows you to take part in various transactions, invest in any projects, as well as protect the company’s money from arrest or other encumbrances.

A merchant account for an offshore company is required so that a legal entity can accept payments from global payment systems: Visa, Mastercard, Maestro, American Express.

The Good Standing certificate is a document confirming the legality of the company’s activities, as well as the absence of any debts for mandatory payments.

An Incumbency Certificate is a document containing the required information about officers.

 

You could be interested

IT Managed Service Provider for sale

This service provider represents services in the IT industry and brings a stable high income. It is a unique, reputable and respected service provider in professional circles that develops and actively implements computer technologies, provides IT support and many other. This offer is a huge number of opportunities for long-term development and growth. The business...

Palm Springs Prime Development

Palm Springs Prime Development is in the section “Investors / Partners Wanted”. GC developer, more than 36 years of successful and fruitful activity in the relevant industry which is a guarantee of stability. Location: Newport Beach which is a coastal city in Orange County, California, the USA. Newport Beach is famous for good surfing and...

Consulting and business management company for sale 

This offer includes consulting and business management company for sale.  Location: West Yorkshire. The company specializes in providing customized solutions for organizational development, including leadership activities and management, as well as mentoring and coaching, team development and the development of various strategies. The company has been operating for over 30 years. Key provisions of the...

Commercial Furniture Manufacturing for sale

This Commercial Furniture Manufacturing, which is being offered for sale, was founded more than twenty years ago in the Eastern Pennsylvania region. During this time, the company was able to collect an impressive portfolio of orders and assets. The main specialization of the company is the manufacture of office furniture for distributors, who are directly...

Ready-made company with bank account in local bank in Spain for sale

• ready-made (SL) company in Spain; • year of incorporation: 2020; • bank account in CaixaBank (Spanish commercial and private bank); • no debts and clean record; • local directorship is available. Asking price: on a request For details: Email: ernest.a@eternitylaw.com Telegram: @Ernest_EternityLaw

Ready-made company in Poland with bank account

Package includes: Year of registration of company registration: 2019; Type of company: SP Z.O.O; Local director for 1 year; Business activity: Non-specialized wholesale trade; Corporate bank account in Santander bank. * no need for ownership transfer Asking price: on a request For details: s.turobova@eternitylaw.com Please feel free to join our telegram channel in order to keep updated...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360