Will you allow One IBC to send you notifications?

We will only notify the newest and revelant news to you.

Company Formation Services - FAQs

+ General

1. How to set up an offshore company?

How to set up an offshore company

Step 1 Initially, our relationship managers will ask you to provide detailed information for all shareholders and directors, including their names. You can select the level of services you need. This stage normally takes one to three working days, or a working day in urgent cases. Furthermore, give the proposed company names so that we can check the eligibility of the names in each jurisdiction’s/country’s company registry/company house.

Step 2 You settle the payment of our service fee and the official Government fee required for your selected jurisdiction/country. We accept payment by credit/debit card Visa Visa payment-discover payment-american , Paypal Paypal or by wire transfer to our HSBC bank account. HSBC bank account(Payment Guidelines).

See more: Company registration fees

Step 3 After collecting full information from you, Offshore Company Corp will send you digital versions of your corporate documents (certificate of incorporation, register of shareholders/directors, share certificate, memorandum and articles of association etc) via email. The full Offshore Company kit will be couriered to your residential address by express delivery (TNT, DHL or UPS etc).

You can open an offshore bank account for your company in Europe, Hong Kong, Singapore or any other jurisdictions where we support offshore bank accounts! You have the freedom to make international money transfers from your offshore account.

Once your offshore company formation is completed. You are ready to do international business!

2. What is the difference between a holding company and an investment company?

Fresh entrepreneurs oftentimes cannot tell the difference between a holding company and an investment company. While they do have a lot of similarities, holding companies and investment companies each have their distinct purposes.

A holding company is a parent business entity that holds the controlling stock or membership interests in its subsidiary companies. The cost to set up a holding company varies depending on the legal entity it is registered with, usually a corporation or an LLC. Large businesses usually set up a holding company because of multiple benefits it brings, including: Protecting assets, reducing risk and tax, no day-to-day management, etc.

An investment company, on the other hand, does not own or directly control any subsidiary companies, but rather is engaged in the business of investing in securities. Setting up an investment company is different from setting up a holding company, as they can mostly be formed as a mutual fund, a closed-ended fund, or a unit investment trusts (UIT). Furthermore, each type of investment company has its own versions, such as stock funds, bond funds, money market funds, index funds, interval funds, and exchange-traded funds (ETFs).

3. What is a corporate service provider?

A corporate provider or company provider has skills and knowledge that are necessary for every business entity at some time throughout their operation. A corporate provider makes sure that a company complies with all applicable laws and norms set forth by the local government where the business is located.

All the legal compliance requirements could be difficult for new businesses. The cost of hiring a company provider may also be prohibitive for small businesses because of the temporary nature of the position.

Typically, a corporate service provider has a section for corporate secretarial services with a group of devoted corporate secretaries. In relation to incorporation-related issues, it can also provide legal and tax advising services.

Corporate providers’ range of duties includes:

  • Establishing a private limited company under the Accounting and Corporate Regulatory Authority (ACRA)
  • Offering a registered office and mailing address for notices and communications
  • Named Company Secretary provision
  • Upgrading of the Company's statutory records and registrations
  • Submission of any applications, notices, or returns to ACRA
  • Resolutions from Directors and Shareholders are written
  • Convocation and documentation preparation
  • Annual Return filing with ACRA
  • Sending reminders about the due dates for filing
  • Helping consumers open bank accounts and setting up a meeting with a bank officer
4. What are the 4 key steps in developing a business plan?

1. Executive summary

Even though it is one of the shorter parts of a business plan, you should devote the most effort to it.

No matter how many pages your business plan is, whether it is five or thirty, the executive summary section must summarize everything in the plan in only two pages. This section draws a lot of attention because the reader may simply glance at it before deciding whether to continue or stop reading.

2. Marketing plan

Competitive analysis section

Reading the competitive analysis section helps comprehend enterprises’ competition.

About five competitors should be listed here, along with their advantages and disadvantages. When examining your competition, some points to consider include:

  • Operating time
  • Accessibility
  • Pricing
  • Return policy
  • Budget for marketing (or a rough estimate)
  • Reputation of a brand
  • Policy for product delivery (is it provided free, at cost, or not at all?)
  • Additional goods and services
  • Purchasing number (which may equate to lower or higher costs).

Specific marketing actions

Your marketing action plan, which is utilized to put your business idea into practice, develops the precise marketing actions.

 Make a note of the implementation costs for each of the five marketing phases (the sum of which will be your marketing budget), if enterprises can accomplish each step on their own or if they require help, and the projected sales (which when added together, become the sales forecast).

3. Key management bios

Include a one-page biography for each of the important figures in your company.

These biographies should be written in a way that shows you've "been there, done that," and you know how to do it again. You want to show that you possess both the technical know-how and the leadership abilities required for the job. Mention your plans for bringing on more team members to fill any potential experience or skill shortages.

4. Financial plan

The financial statements are one of the last components in your business plan. The business plan is demonstrated to be practical in the parts of products and services, marketing, operations, and personnel, but it is proven to be profitable in the financial area.

5. Why do you need to hire a corporate service provider for your business?

Corporate businesses offer accounting and tax services in addition to assisting new business owners in setting up their operations legally. You can save time and money by working with an expert corporate service provider. Here are 2 main reasons why you need to hire a corporate service provider for your business:


Incorporating a business can be time-consuming. It is a protracted process that needs both time and knowledge. Furthermore, if you complete everything by hand, you risk skipping a step in the registration process. It is generally advisable to contract out this responsibility to a corporate service provider in order to produce the papers flawlessly. A corporate service provider has the knowledge and experience required to register your corporation under legislation.

Understanding of current tax laws

The governments always work to improve their laws and regulations to keep up with the evolving economy. Even if a business owner can always handle the necessary documentation, it can be challenging to keep up with the constantly evolving regulatory requirements. The professionals in a corporate service keep track of all such changes through the press or courts. A business owner only needs to select a suitable company that offers the needed corporate service providers.

6. When do you need to engage a corporate service provider?

The process of starting a new business and taking on any associated risks with the intention of turning a profit is what we typically refer to as entrepreneurship. However, when conducting business, an entrepreneur or a corporation must face a number of difficulties.

You need to engage a corporate service provider for the majority of company formations and lessen many of the difficulties faced by business owners of all stripes. Typically, these difficulties take the shape of one or more of the following elements:

1) Limited expertise & experience

There will always be updated procedures, new policies, and new laws and regulations. CSP focuses on daily investigation, examination, and analysis of all of this data. These regular activities prepare CSP to be highly specialized in processing all the required paperwork that complies with legal requirements. Do you believe it will be as simple to remember, to create all the necessary documentation, and to put into practice as a corporate service provider?

2) Charges for conducting business

A smooth firm business operation depends on several various functions, including administrative, human resource, accounting, and many more. Other expenses include those for IT and office supplies, technology subscriptions, and other expenses that, regrettably, do not result in any revenue for the organization. The majority of the crucial positions and tasks in a firm are covered by CSP. Consider hiring one individual to fill each position, such as administrative, human resources, and accounting. Do you believe these costs will be more affordable than engaging a corporate service provider?

3) Short Period

No matter what sector a company operates in, it is critical that it devote time to research, analysis, and the development of a revenue-boosting plan. Do you believe you have enough time to grow your company and bring in enough money?

7. How does a corporate services provider help you?

In order to help any business with its administrative, human resource, and financial tasks, the government has granted a professional license to a corporate service provider (CSP), a business organization with professional qualifications. The corporate service provider helps you make sure that these businesses' operations adhere to the most recent laws and regulations set forth by the relevant government authority.

8. Why is business consulting important?

A widespread misconception regarding business consulting services is that they are primarily used by large, well-established businesses. In actuality, business consulting is important regardless of the sizes of businesses. Expert guidance and knowledge on a range of subjects are offered by consultants, enabling businesses to operate more successfully.

Let's take a closer look at the significance of management consulting for small businesses by taking a look at the typical functions that management consultants play. We'll find that hiring corporate management consultancy has a number of advantages.

The ability of a business consultant to make reliable recommendations about how to move your company ahead is ultimately the most significant advantage of engaging one.

Business consulting effectively assists organizations in improving performance and efficiency. When choosing the direction their firms should go, the majority of business owners think about hiring business advisors. The majority of business owners employ consultants to spot growth issues, gain insight into a particular market, boost employee productivity, alter business paradigms, identify new business objectives, train staff, fire ineffective business strata, resurrect stale but promising business opportunities, and influence decision-makers. The first thing a consultant does when they join a firm or a client is find out what their goals are. After that, the consultant discovers the opportunities for growth and makes plans accordingly.

9. What are the 4 types of business plans?

Operations Management

Motivational speaker for CEOs Mack Story stated on LinkedIn that operational strategies are about how things should proceed. There are established guidelines for completing the mission.

This kind of planning often outlines how the business is run on a daily basis. Operational plans are frequently referred to as ongoing or single-use plans. Plans for one-time events and activities are called single usage plans (such as a single marketing campaign). Ongoing plans comprise policies for tackling issues, rules for particular laws, and procedures for a step-by-step process for achieving specific goals.

Planning Strategically

"Strategic plans are all about why things need to happen." It involves long-term, big-picture thinking. Casting a vision and establishing a mission are the initial steps at the highest level.

A high-level perspective of the entire company is a component of strategic planning. It serves as the organization's fundamental framework and will guide long-term choices. The time frame for strategic planning can range from the subsequent two years to the following ten years. A strategic plan should include a vision, purpose, and values statement.

Planning for emergencies

When something unexpected occurs or a change is required, contingency plans are created. These plans are sometimes referred to as a particular kind of planning by business experts.

Planning for contingencies might be useful in situations where a change is necessary. Although managers should account for changes when engaging in any of the major planning activities, contingency planning is crucial in situations where changes cannot be anticipated. Contingency planning becomes more crucial to engage in and comprehend as the business environment becomes more complex.

Feasibility Business Plans

Two key considerations concerning a potential business endeavor are addressed by a feasibility business plan: who, if anyone, will buy the service or product a company wishes to market, and can the venture be profitable. Feasibility business plans often have sections detailing the need for the product or service, the target market, and the necessary funding. A feasibility plan concludes with suggestions for the future.

10. How do I make a business plan?

Starting a business is a thrilling yet frequently intimidating endeavor. Your next thought is probably to ask “How do I make a business plan?” after the initial excitement of having that fantastic company idea suddenly appear in your thoughts.The best course of action is to create a business plan. Business plans help you contact investors and request for loans while also giving your company direction. Launching a business is difficult, but understanding how to write a business plan is simple.

Depending on the requirements and objectives of your firm, the particular content in your business plan will change, however a typical plan will typically have the parts listed in the following order:

  • A succinct summary
  • Description of the company
  • Market research
  • Competitive research
  • Organizational management description
  • An explanation of the goods or services
  • Marketing strategy
  • Sales approach
  • Funding information (or request for funding)
  • Financial estimates

Consider adding a table of contents or an appendix if your plan is really lengthy or complex. Anyone with a stake in your organization is, in general, in your audience. They could be clients, employees, internal team members, suppliers, and vendors in addition to prospective and current investors.

11. What are the purposes of a business plan?

There are many purposes of a business plan but the most important one is to identify, describe, and analyze a business opportunity with an eye on its technological, economic, and financial feasibility. 

The business plan also can be used when seeking collaboration or financial support, it also acts as a business card for introducing the company to others, including banks, investors, institutions, governmental bodies, or any other agents engaged.

12. Why should I use Offshore Company Corp to open an offshore company?
  1. Offshore Company Corp has more than 10 years’ experience in offshore consultancy. During this time we have been able to develop a network of offshore service providers that remains unparalleled.
  2. We provide tailor-made advice to our clients, fully integrating the latest laws.
  3. We are one of the most competitive offshore service providers.
  4. We have achieved many awards and certificates. See all Our Awards and Licenses

For further information, please read "Our Guarantees" section.

Just Order - We Do All For You

13. What is an offshore company?

First and foremost, it is essential to define the term Offshore. Offshore relates to managing, registering, conducting, or operating in a foreign country, often with financial, legal and tax benefits. 

An offshore company has a variety of uses and benefits for clients wishing to engage in international financial trade and investment activities. Depending on the specific offshore jurisdiction, an offshore company may have the following features and advantages: Ease of Incorporation, Minimal Fees, No Foreign Exchange Controls, High Confidentiality, Tax Benefits.

14. Which jurisdiction should I choose for my company?

Offshore Jurisdictions not only have some aspects of tax benefits, they are also good places to attract investors because of factors such as stable politics, good reputation and sophisticated corporate law.

Each offshore jurisdiction has its separate benefits that can meet customers’ strategic demands. OCC’s customer service team are trained to support clients to find out the applicable tax havens for their business.

We carefully list the service countries on our website, from the lower-fee countries to higher ones (See more: Company Registration Fees). Although there is some difference in fees, all of the jurisdictions guarantee their confidentiality and integrity to investors. For good offshore jurisdictions with high-ranking currencies, clients will be introduced to Hong Kong and Singapore (See more: Hong Kong offshore company formation and Singapore offshore company formation), which are well placed to attract businessmen due to their significant economical and tax benefits.

15. Who should use an offshore company?

An offshore company may be of interest to a great number of people, and it may be used for various activities.


Creating an offshore company allows you to begin an activity without having to deal with setting up a complicated infrastructure. An offshore company allows you to quickly create a stable structure with a simple administration and enjoy all the benefits of the offshore jurisdiction.

Commerce over the internet (e-commerce)

Internet traders can use an offshore company to maintain a domain name and to manage internet sites. An offshore company might be ideal for people whose business is on the internet. You might choose to incorporate the registered office of your company in an offshore jurisdiction to take advantage of the various benefits offered by these jurisdictions.


You can also carry on your consultancy or counselling business through an offshore company. You will find it easier to manage your company, while being registered in a stable jurisdiction and benefiting from all the strengths of that jurisdiction.

International business

International commerce can be carried out through an offshore company. It will handle purchases and sales operations. One IBC can also obtain a VAT number for companies that we incorporate in Cyprus or incorporate in the United Kingdom.

Holding intellectual property rights

Any kind of intellectual property right (a patent or trademark) may be registered in the name of an offshore company. The company may also buy or sell this type of right. It may also grant rights of use to third parties in return for payments.

Also read: Intellectual property services

For the custody of movable and immovable property

Offshore companies are used to hold both movable property (such as yachts) and immovable property (such as houses and buildings). In addition to confidentiality, the benefits and advantages they offer include exemption from certain types of taxes (e.g. inheritance tax). It should be noted, however, that some countries do not allow the acquisition of movable/immovable property through offshore structures and therefore those wishing to form an offshore structure are advised to check with a competent authority before proceeding.

For inheritance purposes

An offshore firm that always stays afloat (provided all costs associated with running it are paid) may, in some countries, be used as a means of avoiding inheritance-tax laws. With a view to minimising inheritance-tax liability, the offshore structure may also be combined with a trust or a foundation.


Offshore companies are very often used for share dealing or foreign-exchange transactions. The main reasons being the anonymous nature of the transaction (the account can be opened under a company name).

You are free to make international money transfers under your Offshore Company. We wish to make you aware that you ought to liaise with a tax advisor in your country of residence before setting up an offshore company.

16. Do I have to pay taxes on profit or interest earned by my offshore company?


Most of the jurisdictions we work with do not impose taxes on profits made or interest earned by offshore company. Some, like Hong Kong or Delaware, only tax profits made within the jurisdiction, whereas Cyprus charges a 10% flat tax.

See more:

While a company may not be subject to tax reporting to its local authorities, from a personal standpoint it mustn’t relieve you from seeking counsel from a tax advisor in your country of residence in order to assess the extent of your own obligations, if any.


17. When do I have to pay my company's yearly fees (Time of renewal)?

You will be asked to settle the yearly fees prior to each anniversary of your company, not at the end of each calendar year. To avoid any last minute rush, we will send you a renewal invitation before the anniversary.

See more: Company Renewal Fee

18. Can the same person be a shareholder of the company and act as its director at the same time?

Yes. In most jurisdictions it is possible (and common) that the same person acts as shareholder and director of the company.

19. What is the difference between a shareholder and a director?

The shareholder is the person who owns the company through a share certificate. A company can be owned by one or several shareholders. The shareholder can be an individual or a company.

The director is the person responsible for the management of the company. He will sign any business contracts, account opening forms etc. Directors are elected by the shareholders. A company can have one or several directors. The director can be an individual or a company.

See more: Nominee Director and Shareholder Services

20. What is a shelf company?

Shelf companies are corporate entities that have been established by a provider who holds the company until a purchaser is found. Post transaction, the ownership of the company transfers from the provider to the purchaser, who then commences trading activity under the company name. The benefits of purchasing a shelf company include:

  • reduction in the time it would take to create a new corporation;
  • enables contract bidding (some jurisdictions require a fixed business age to allow this function); and
  • the appearance of corporate longevity.

Note: shelf companies are normally more expensive than newly incorporated companies because of their age.

Read more: 

21. Can I choose the name of my company?

Yes, It is even recommended that you do so. On the application form you are asked to input three company names, in order of your preference. We will then check with the Company Registry of the offshore jurisdiction if those names are available for incorporation.

Read more: 

22. Does my company have to provide accounts to any tax authority?

No, generally not. This is one of the main advantages of offshore companies.

However, in a few select jurisdictions, such as Hong Kong, Cyprus and the UK, it is indeed mandatory for companies to produce yearly accounts, to have them audited and, in some cases, to pay taxes (please refer to our jurisdiction comparison table).

While a company may not be subject to tax reporting to the relevant authorities, from a personal standpoint it must not relieve you from seeking counsel from a tax advisor in your country of residence in order to assess the extent of your own obligations, if any.

Read more:

23. How long will it take for me to receive my corporate documents?

Every jurisdiction has its own incorporation timeframe. Please refer to our jurisdiction comparison table. Once the company has been incorporated, it will generally take about two to six days for the corporate documents to reach you.

Read more: 

24. How can I settle my company fees?

You can either pay by Paypal, credit card/ debit card or wire transfer.

Paypal, credit card/ debit card

Payment Guidelines

25. Why are your fees lower than those of your competitors?

Having our own offices or partners in the jurisdictions where we provide our services, we are able to offer straight-forward and competitive prices, thus we can avoid any intermediaries.

26. What are the benefits of the apostille and which countries recognise apostille certificates?

Benefits of the apostille

With the Hague Convention, the whole legalisation process has been deeply simplified by the delivery of a standard certificate entitled “apostille”. Authorities of the state where the document was issued must place the certificate on it. It will be dated, numbered and registered. This makes finalising the verification and registration through the authorities who forwarded the certificate much easier.

List of countries which recognise apostille certificates

The Hague Convention currently has over 60 countries as members. Furthermore, many others will also recognise an apostille certificate.

  • Albania, Andorra, Antigua & Barbuda, Argentina, Armenia, Australia, Austria, Azerbaijan
  • Bahamas, Barbados, Belarus, Belgium, Belize, Bosnia and Herzegovina, Botswana, Brunei Darussalam, Bulgaria
  • Colombia, Croatia, Cyprus, Czech Republic
  • Dominica
  • El Salvador
  • Fiji, Finland, Former Yugoslav Republic of Macedonia, France
  • Germany, Greece, Grenada, Guyana
  • Honduras, Hong Kong (SAR), Hungary
  • Ireland, Israel, Italy
  • Japan
  • Kazakhstan, Kiribati
  • Latvia, Lesotho, Liberia, Liechtenstein, Lithuania, Luxembourg
  • Macau (SAR), Malawi, Malta, Marshall Islands, Mauritius, Mexico, Monaco
  • Netherlands (including Aruba and Netherlands Antilles), New Zealand, Niue, Norway
  • Panama, Portugal (including Madeira)
  • Romania, Russian Federation
  • Samoa, Serbia and Montenegro, San Marino, Seychelles, Slovakia, Slovenia, Solomon Islands, South Africa, Spain (including the Canary Islands), Sri Lanka, St Kitts & Nevis, St Lucia, St Vincent & the Grenadines, Surinam, Swaziland, Sweden, Switzerland
  • Tonga, Trinidad & Tobago, Turkey, Tuvalu
  • Ukraine, United Kingdom of Great Britain and Northern Ireland, United States of America (including Puerto Rico)
  • Vanuatu, Venezuela
  • Yugoslavia

Other countries

The countries listed below have approved the apostille certificate as proof of legalisation. Although it is likely to be accepted most of the time, a consultation with the legal entity supposed to receive it is recommended.

  • Afars and the Issas, Andorra, Angola, Anguilla, Aruba
  • Bermuda, Brazil, British Antarctic Territory, British Virgin Islands
  • Canada, Cayman Islands, Chile, China, Comoros Islands
  • Denmark, Djibouti
  • Egypt, Estonia
  • Falkland Islands, French Guiana, French Polynesia
  • Georgia, Gibraltar, Guadeloupe, Guernsey (Bailiwick of), Guyana
  • Iceland
  • Jersey, Jordan
  • Malaysia, Martinique, Montserrat , Morocco, Mozambique
  • New Caledonia
  • Sri Lanka, St Georgia and South Sandwich Islands, St Helena, St Pierre and Miquelon
  • Turks and Caicos
  • Virgin Islands
  • Wallis and Futuna

Also read:

27. What is the DUNS number for my company & how to get it?

The DUNS number is a unique nine-digit number that identifies business entities on a location-specific basis. Assigned and maintained by Dun & Bradstreet (D&B), the DUNS number is widely used as a standard business identifier.

Your DUNS number will be used to check the identity and legal-entity status of your organisation as part of our enrolment-verification process, especially relating to internet services, game/app development (like SSL), Trust Seal on your website or your Apple/Google apps development account – even with applications to credit and financing institutions.

Your DUNS number will be directly linked to your company’s credit file and will play an important role in your company’s search for credit and financing. With a DUNS number and business-credit report, lenders, suppliers and creditors will now be better able to assess the creditworthiness of your business.

What do I need to get my DUNS number?

When registering for your DUNS number, you will need the following to hand.

  • Legal name
  • Headquarters name and address for your business
  • Doing Business As (DBA) or other name by which your business is commonly known
  • Physical address, city, state and ZIP code
  • Mailing address (if different from headquarters or physical address)
  • Telephone number
  • Contact name and title
  • Number of employees at your physical address

With Offshore Company Corp services, we can support you with everything. Your DUNS number can be issued within 2-5 working days and for a fee from US$190, depending on the jurisdiction your company is registered in.

Read more: 

What the media say about us

About Us

We are always proud of being an experienced Financial and Corporate Services provider in the international market. We provide the best and most competitive value to you as valued customers to transform your goals into a solution with a clear action plan. Our Solution, Your Success.