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

Ready-made company with three bank accounts in Poland for sale

What’s included: ready-made company in Poland; year of company incorporation: 2019; company has opened bank accounts in Pekao Bank, Citibank and TransferWise; declared activity: consulting, marketing, agent of the sale of various goods, trade in agricultural products; company didn’t conduct any activity, no debts; local director services. Asking price: on a request For details: dmitriy.l@eternitylaw.com...

A ready-made company with a local bank account in Estonia for sale

Below you can see the information regarding the ready-made company in Estonia for sale Ready-made company in Estonia with bank account – whats included: Place of company incorporation: Tallinn, Estonia; Year of company incorporation: 2019; Company has opened bank account in LHV Bank (EUR, USD, GBP); Declared activity of company: administrative and support service activities;...

Operating Forex Business in Australia for sale 

✔️ No debts, no loans. ✔️ Australian Financial Services License (AFSL). ✔️ Large scope of probable services (including Forex). ✔️ Active business with staff. ✔️ Informational support for new owner. Note: For receiving additional information client’s profile and proof of funds (POF) are required. Asking Price: on a request The accounting department of the company...

Ready-made crypto exchange with license in Poland for sale

A ready-made crypto exchange with license in Poland for sale is a new company with a clean history that has not operated before. Buy a ready-made crypto exchange with license in Poland A crypto exchange with license for sale in Poland can offer exchange between cryptocurrencies, exchange of fiat currencies for crypto and vice versa,...

Companies with MSO licenses in Hong Kong for sale

Eternity Law is pleased to offer ready-made Hong Kong companies with Money Service Operator (MSO) license for sale. Authorizations of the license: money exchange and money remittance. Option 1. Hong Kong MSO License. The company is semi-dormant. It was incorporated in 2018, has raw license, director service and office. Option 2. Hong Kong MSO License....

Chemical&Fertilizer Application Provider in the USA for sale

This Chemical&Fertilizer Application Provider is engaged in the production of agricultural products and chemicals. The firm specializes in providing aero processing services for regional businesses. In addition, the company provides soil application services and sells plant protection products and fertilizers to interested consumers. Basic provisions The company has been operating for over 50 years. Reliable...

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