The offshore company Formation Procedures
Company Incorporation, Offshore Company Formation, offshore bank accounts
The idea of Offshore Company formation is very much simple, straightforward and inexpensive procedure. The procedure involved in the same is somewhere similar to Limited Liability Company/Corporation formation, which incorporates drafting legal documentations in accordance to the legal statutes in the incorporating jurisdiction. Of late this idea has simply become very much popular among the business circles owing to the presence of a number of benefits. Well, now let’s check the procedures involved in the offshore company incorporation as under:
First you are supposed to register your offshore company for which you are required to pay some fixed amount at your chosen country jurisdiction and to the relevant agents of representation once you decide upon your offshore company formation type. You also need fees for other things as well while going for the offshore company formation like the offshore companies’ incorporation fee, the post incorporation structure fee, the initial license fee, the fee for Disbursements, annual license fee, annual compliance fee and Annual statutory fee. Besides, you need to check several offshore operating formalities, which have to be understood clearly before you actually think of deciding the country that you chosen to invest offshore.
The registration process for offshore companies is very much simple and in most of the jurisdictions the potential offshore company is not supposed to travel to the offshore jurisdiction. You are supposed to name your offshore company but it has to be unique in the overseas location. In most of the jurisdictions you would need just one shareholder to complete the limited company registration process. Most of the jurisdictions only permit offshore company formation with one man (either the director or the shareholder of the company). But at the same time you can find certain exceptions in terms of the requirements as all these can change from one jurisdiction to another. There are certain jurisdictions that have the condition to appoint a company secretary by the offshore company.
You need two documents to complete this process- the memorandum of Association and the Articles of Association. You are supposed to submit these documents at the Registrar of Companies office in your chosen destination. The Memorandum of Association document has to be submitted with certain details, which include the name of your offshore company or the limited liability partnership, complete name and address details of your registered agent, your company’s registered address along with other details like company workers and employees.
Also, there are few offshore jurisdictions, which can plan for additional demands in order to register your offshore company including the Articles of Associate documents. At certain places, you can also find certain guidelines or protocols, which you need to follow to run the business. But regardless of the number of requirements you have for setting out the business overseas, keep in mind that these are very much user friendly and straightforward requirements, which you can easily suffice seeking the help of competent consultants working in this domain. So, by following these guidelines, you can easily end up forming the company overseas.
, offshore bank accounts
, Offshore Company Formation
, Offshore Tax