2 mins video Offshore Company has total exemption/low tax. In most jurisdictions/countries, no filing of accounts or submitting of annual returns is required after the offshore company has been incorporated. You can set up your offshore company in many jurisdictions, in many regions around the world, with no restriction based on your nationality, Many banks all over the world allow you to open a bank account for your offshore company and then do business internationally. The laws of almost all jurisdictions/countries we offer protect the confidentiality of the shareholders, directors and offshore company.
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.
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 
, Paypal 
or by wire transfer to our HSBC bank account. 
(Payment Guidelines).
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 a 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!
For further information, please read "Our Guarantees" section.
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
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 country 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. Although there is some difference in fees, all of the jurisdictions guarantee their confidentiality and integrity to investors. For good offshore countries with high-ranking currencies, clients will be introduced to Hong Kong and Singapore, which are well placed to attract businessmen due to their significant economical and tax benefits.
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.
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 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 register in Cyprus or in the United Kingdom.
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.
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.
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.
No. Most of the jurisdictions we work with do not impose taxes on profits made or interest earned by the company. Some, like Hong Kong or Delaware, only tax profits made within the jurisdiction, whereas Cyprus charges a 10% flat tax. 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.
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.
Yes. In most jurisdictions it is possible (and common) that the same person acts as shareholder and director of the company.
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.
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:
Note: shelf companies are normally more expensive than newly incorporated companies because of their age.
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.
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.
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.
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.
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.
The Hague Convention currently has over 60 countries as members. Furthermore, many others will also recognise an apostille certificate.
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.
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.
When registering for your DUNS number, you will need the following to hand.
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.
For better recognition on L.L.C and Corporation, let's take Google and YouTube for example
Google is a Corporation and YouTube is an L.L.C. Why did they choose different entity types? The L.L.C vs Corporation distinction is clearly defined by this one example that the new generation of entrepreneurs should take full take advantage of.
YouTube actually started as a corporation, filing its Certificate of Incorporation with the Delaware Division of Corporations on October 3, 2005. On November 8, 2006, just 13 months and five days later, it merged its Corporation into an L.L.C, which is one of the key advantages of Delaware companies: they can change from one form of entity to another, whenever they want.
YouTube L.L.C, on the other hand, is owned by a few members. Nobody but the insiders know how few, and nobody but the insiders know who the owners are. In addition, nobody but the owners know what the company finances are, because no public disclosure is required. That’s the benefit of a Delaware L.L.C—your members, their ownership percentages and your financial valuation are private matters, of which only the company insiders are aware. There is no public registration, no public disclosure and no federal requirement of any type that necessitates the owners of a Delaware L.L.C to reveal who they are on the public record.
Google chose to be a Delaware Corporation so it could go public and raise money, which they did on August 16, 2004. Once it did so, it quickly became one of the richest companies in history. Google's rise to power created tens of thousands of millionaires and a lot of billionaires. Even though 60% of Google is owned by institutions, there are millions of individual shareholders in the company. The company has current cash reserves of $50 billion.
Forming a Delaware corporation is easy with us. You can select which type of corporation you'd like to form, choose whether you'd like to obtain a Federal Tax ID Number and more. We also have a knowledgeable staff available to help over the phone, via email or by live chat.
| L.L.C Company | Corporation Company | |
|---|---|---|
| Governance structure |
| There are 3 tiers of power:
|
| Federal taxation |
| IRS taxes in 3 different ways:
|
| Privacy |
| Annual report must state:
|
After forming a Delaware corporation or LLC, the next step is to obtain a Federal Tax ID number (also known as an employer identification number or EIN). Just as having a social security number is important for US citizens, the Federal Tax ID Number is necessary for an LLC or corporation to lawfully conduct business activities, especially if you're operating a business in the United States. All US companies are required to have an EIN to open a US bank account, obtain loans, hire employees and more. The EIN is valid for the life of the company. However, if your business changes its entity type (for example, it changes from an LLC to a corporation), a new Federal Tax ID Number is typically required.
Offshore Company Corp offers an inexpensive service to assist you with obtaining a tax ID for your company from the IRS. This fast and easy service allows you to avoid dealing with the often-confusing IRS forms and procedures, and also includes professional customer support.
If you're forming a new company with Offshore Company Corp, you can save time and request that we obtain the EIN for you when we file your corporation or LLC. When you fill out our company order form, simply select that you would like for us to obtain your Federal Tax ID number, as well as which delivery time frame you prefer, and Offshore Company Corp will take care of the rest.
If you can't locate the Federal Tax ID number for your company, there are several ways to find it. If we obtained the EIN on behalf of your company, we can provide the number to you. Simply call us on +1 917 267 8538 and we'll be happy to assist you. Please be advised we will resend the number to the email address we have on file.
If you're still unable to find your EIN, you can contact the IRS directly on +1 800-829-4933 from 7am to 10pm US Central time, Monday through Friday.
Please note: Offshore Company Corp is not affiliated with the state of Delaware or the IRS.
| L.L.C Company | Corporation Company | ||
|---|---|---|---|
|
|
Hard-copy of documents will be delivered to client’s registered / mailing address without courier fee charged.
A Delaware LLC (Delaware limited liability company) is a type of business entity that is created by filing the proper certificate of formation with the Delaware Secretary of State.
So why form a Delaware LLC? The Delaware LLC is a truly unique business format in that the structure of the company and the rules that govern its members are contained in a contract called an operating agreement, which is drafted by the company's members (owners). In drafting the operating agreement, you have what lawyers call ‘freedom of contract’, which means that, as the owner, you have the freedom to tailor the terms and rules of your LLC to accommodate your specific business needs. Once signed and agreed to by all parties, the operating agreement is legal and enforceable by all parties.
When you form your Delaware LLC through OffShore Company Corp, our corporate kit, which is included in both the standard and premium packages, will provide you with an operating agreement to customise to your specific business needs.
An LLC is a relatively new type of entity in the United States. If properly structured, it combines the limited liability of a corporation with the pass-through taxation of a partnership. However, it is important to clarify that while LLCs can be treated as partnerships, they are not corporations.
An LLC is a business vehicle with a legal existence separate and distinct from its owners. Owners and managers are not personally liable for the company's debts and obligations. These features, when combined with non-U.S. source income, mean non-resident aliens of the United States can avoid U.S. taxation when using an LLC.
The operations and management of an LLC are governed by a written agreement, composed by its owners, called an LLC Operating Agreement. The Delaware Limited Liability Company Act allows the parties to define their operations, management and business relationship in the LLC Operating Agreement. This is known as freedom of contract.
An LLC guarantees secure confidentiality as well as the ability to create a customized management structure that establishes the economic relationship among owners. The LLC Operating Agreement can be written in any language and is typically not required to be translated into English.
While the Delaware LLC law permits a Delaware LLC to be managed by its members, it does not require members to be managers. More importantly, the law also states that no member or manager is personally responsible for any debts, obligations or liabilities of the Delaware LLC solely by being a member or acting as a manager.
With minimal start-up requirements, simple maintenance and the ability for members to establish their own company structures and rules, the Delaware LLC is the most flexible type of business entity offered by any state or country in the world
Below are seven of the significant benefits of a standard Delaware LLC:
This means the terms and rules of each LLC can be tailored to accommodate the specific needs and preferences of an LLC. This is the biggest benefit of an LLC over any other form of business entity. This power is called freedom of contract.
Delaware LLCs possess increased asset protection against creditors. This means that if a member of an LLC has a judgment filed against him/her, a creditor cannot attack the LLC nor acquire any portion of the LLC's assets. This benefit protects everyone in the company
A statutory limitation on the personal liability of the members of an LLC means that members are not held liable for repayment if an LLC fails and leaves behind debt. They just lose the amount of dollar they invested in the LLC.
When an LLC is formed, the owners can choose whether they want the LLC to be taxed as a partnership, an S corporation, a C corporation or a sole proprietorship. Single-member LLCs are not recognized by the IRS and therefore pay no taxes at all.
Very little information is required to form an LLC in Delaware, and start-up involves only a small filing fee. Additionally, there are no meetings or voting requirements.
The cost to maintain a Delaware LLC is simple and inexpensive. Once a year, a simple form and an annual Franchise Tax Fee of $300 must be filed with the Delaware Secretary of State, and a Registered Agent Fee must be paid annually, as all Delaware LLCs are required by law to have a Registered Agent to accept service of process.
You are not required to disclose any information about the owner of an LLC to the state of Delaware in order to form or maintain an LLC. In Delaware, you are required only to have a designated contact person and a Delaware Registered Agent.
| Corporation Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
There are 3 different annual rates for 3 circumstances
| |||||||||
| **Late payment will be imposed 125 USD + 1.5% of monthly interest | |||||||||
| L.L.C Company |
|---|
| Flat annual rate: 300 USD Due date: June 1st of every year* |
| *Late payment will be imposed 200 USD + 1.5% of monthly interest |
2 mins video Delaware Company is highly recognized country so easy to do as well as expanding your business. there is no state corporate income tax for companies, no personal income tax for non-residents.
With Delaware LLC which conduct no business/source income in the US are not subject to US federal income tax, not required to file a US income tax return. Delaware LLCs are popular vehicles for conducting international business. In other hand, Delaware Corporation can go public and/or raise capital as needed by selling stock. In general, it is Offshore Company Status.
Delaware Offshore Company Formation, initially Our Relationship Managers team will ask you have to provide the detailed information of the Shareholder/member names and information. You can select level of services you need, normal with 2 working days or a working day in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in Delaware’s Corporation Division system.
You settle the payment for Our Service fee and official Delaware Government Fee (Franchise tax) required. We accept payment by Credit/Debit Card 
, Paypal 
or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version of Certificate of Formation, Certificate of Member, Delaware First State, Statement of Authorized Person and Apostille via email. Full Delaware Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.)
You can open bank account for your company in European or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.
Your Delaware Company formation completed, ready to do international business!
A general corporation – often referred to as a stock corporation, open corporation or C corporation – is highly recommended when a company goes public or plans a private offering of stock. General corporations are also typically used when a company wants to attract venture-capital funding.
A general corporation has three tiers of power – shareholders, directors and officers. Each has different rights and responsibilities within the corporation.
Shareholdersprovide the financial resources in the company. They own the company but do not manage its routine. Holders of common stock receive one vote for each share they own, and they have the right to help elect the members of the board of directors, as well as to vote on certain other matters of major significance to the company.
The shareholder who holds a majority of the shares of issued stock also holds the right to control the company. They are sometimes referred to as majority shareholders. They possess a larger amount of responsibility than minority shareholders.
Other shareholders who hold no controlling role are referred to as minor shareholders. Generally, they bear no responsibility to the company. They are able to assign or grant their votes to anyone they choose, and sell their stocks at will.
Shareholders are rewarded in two ways – by dividends paid on their stocks and by the increased value of their stocks as the company grows.
Directors take responsibility for the company’s overall management. They manage all the major business actions, such as the issuance of stock, the election of officers, the hiring of key management, the establishment of corporate policies and the setting of their own and key officers' salaries and compensation packages.
Directors may make decisions and take action in pre-announced meetings with a quorum present, or without a meeting by unanimous written consent of all directors. Directors cannot give or sell their votes to other directors, nor can they vote by proxy.
Ordinarily, directors may be removed and replaced – with or without cause – by the majority vote of the shareholders. This is the controlling role of majority shareholders.
The officers work for the board of directors and handle the day-to-day business activity. Officers carry out the board's decisions and implement the board's policy. Officers are usually the President, Vice President, Secretary and Treasurer. The board of directors will appoint other officers such as CEO, Sale Manager, Operation Manager etc, to fit the company provision.
Officers do have the right to purchase company-issued stocks at the discretion of the board of directors.
Forming a Delaware corporation is easy with us. You can select which type of corporation you'd like to form, choose whether you'd like to obtain a Federal Tax ID Number, and much more. We also have a knowledgeable staff available to help over the phone, via email or by live chat.
Complete Delaware Company Kit package includes:
| L.L.C Company | Corporation Company |
|---|---|
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Hard-copy of documents will be delivered to client’s registered / mailing address without courier fee charged
| Limited Liability Company (LLC) | General Corporation | |
|---|---|---|
| Formation | State filing required | State filing required |
| Liability | Typically, members are not personally liable for the debts of the LLC | Typically, shareholders are not personally liable for the debts of the corporation |
| Raising capital | Potential to sell interests, contingent upon operating agreement restrictions | Shares of stock are usually sold to raise capital |
| Taxation | Not taxed at entity level if properly structured. Profit/loss passed through directly to the members | Taxed at the entity level and shareholders receiving dividends are taxed at the individual level |
| Formalities | Less formal meetings and minutes are required; state reporting required | Board of directors, formal meetings, minutes and annual state reports required |
| Management | Members have an operating agreement that outlines management responsibilities | Shareholders elect board of directors to appoint officers for day-to-day management |
| Existence | Perpetual unless otherwise specified | Perpetual unless otherwise specified |
| Transferability | Contingent upon operating agreement restrictions | Shares of stock are easily transferred |
Yes. “Ltd” is considered the same as “Limited”. However, the word “Limited” must be stated in all documents submitted to / issued by the Government, not “Ltd”. The “Ltd” can only be used for business activities.
In determining whether a company name is the same as another, certain words and their abbreviations will be disregarded: "company" - "and company" - "company limited" - "and company limited" - "limited" - "unlimited" - "public limited company". The type or cases of letters, spaces between letters, accent marks, and punctuation marks, also will be disregarded.
The following expressions "and" - "&", "Hongkong" - "Hong Kong" - "HK", "Far East" - "FE" are respectively to be taken as the same.
We are able support you to check the availability of your proposal company names at a glance.
Anybody can form a Hong Kong company. Basic Hong Kong company formation must include at least:
Standing as your secretary company, Offshore Company Corp will provide a registered office address and secretarial services. Offshore Company Corp can also provide a nominee director and a nominee shareholder if needed to protect your privacy.
There is no prescribed minimum share capital. For practical purposes, this is not usually less than HK$10,000 or the equivalent in a foreign currency. There is a capital duty of 0.1% payable on the authorised share capital (subject to a cap of HK$ 30,000).
The minimum requirement for forming a private limited company is to have at least one shareholder and one director, who can be the same person.
Word such as "Temasek" is prohibited to be used. This is a name which the Minister has directed the Registrar not to accept for registration. Offensive and vulgar words are also prohibited to be used for registration.
In general, a company limited by guarantee is set up for the purpose of advancement of education, religion, relief of poverty, trust and foundation, etc. Most institutions formed by this structure are not for profit-making, but they cannot be charitable. If an institution would like to be a charity, it must be established for purposes which are exclusively charitable according to law.
If an institution is fit for any of the following purposes, we can help them to apply to be an approved charitable institute (ACI).
Upon your request, we will provide you with an application form to fill in with the details of your institution, including the objectives of the institute, number of members, membership fee, membership classification, directors, company secretary etc.
Registering a “company limited by guarantee” follows the usual steps of registering a “company limited by shares” (the most common type of business entity for business in Hong Kong).
A company dissolved by deregistration may apply to the Court of First Instance for restoration.
A company dissolved by striking off by the Registrar of Companies may apply for restoration by court order or by administrative restoration.
An offshore company carrying on a business in Hong Kong is subject to the same reporting requirements as a Hong Kong company. The basic requirements are that the company has to register its business with the Business Registration Office of the IRD and to furnish profits tax returns issued to it.
If the company has profits chargeable to tax for any year of assessment but has not received any return from the IRD, it has to inform the IRD in writing of its liability within 4 months after the end of the basis period for that year of assessment.
Furthermore, the company is required to keep sufficient records (in English or Chinese) to enable its assessable profits to be readily ascertained and the records must be retained for at least seven years after the completion of the relevant transactions.
Where the company is incorporated in a jurisdiction whose laws do not require accounts to be audited and no audit has been performed on the company’s accounts, the IRD would accept unaudited accounts filed in support of the return. However, if an audit has actually been carried out notwithstanding that there was no such requirement under the laws of the relevant jurisdiction, the audited accounts should be submitted with the return.
Where an offshore company’s head office is outside Hong Kong but it has a branch in Hong Kong, the IRD is generally prepared to accept unaudited branch accounts without the cover of audited world-wide accounts. However, the assessor may request a copy of the audited world-wide accounts if circumstances warrant.
The company secretary must be either an individual resident in Hong Kong or another Hong Kong limited company.
The auditors must be a frm of Hong Kong accountants.
Shareholders and directors can be individuals or corporations of any nationality or residence, except that no corporate director is allowed in the case of a private company which is a member of a group of companies of which a listed company is a member.
2 mins video As one of the world's leading international financial centres, Hong Kong Company (Private/Public) Limited has a major capitalist service economy characterized by low taxation and free trade. Business outside Hong Kong is tax-free (Hong Kong Offshore status). Hong Kong Offshore Company Formation requires local secretary company, we will be your secretary company.
Hong Kong Offshore Company Formation, initially Our Relationship Managers team will ask You have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need,normal with 1 working day or 4 hours in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in Hong Kong Companies Registry system.
You settle the payment for Our Service fee and official Hong Kong Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Business Registration, NNC1, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Hong Kong Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in Hong Kong, European, Singapore or other other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.
Your Hong Kong Company formation completed, ready to do international business!
Yes. But, once the company is incorporated, it is difficult to change the currency of the share capital.
You can use a nominee shareholder to hold the share(s) on your behalf. We can provide the service of a nominee shareholder.
You can also appoint a nominee director to act on your instructions. We do not provide nominee director service but can provide you with contact details of those companies that do.
A Hong Kong company must hold an annual general meeting in every calendar year when, among other things, the audited accounts of the company are adopted. An annual return of the company must also be fled with the Companies Registry every year.
A Hong Kong company must also notify the Companies Registry of any special resolution passed (other than that to change the company’s name), the creation of a charge over certain assets and any change which may occur in the information contained in the documents already fled. The changes of a company which require notifcation include:
If a company fails to comply with such requirements, the company and every ofcer of the company who is in default shall be liable to a fne and/or imprisonment.
If you are residing in Hong Kong, it is not mandatory to appoint a professional services firm to incorporate your Hong Kong company and you can choose to self-incorporate the company. However, given the complexities of incorporation procedures and ongoing statutory compliances, it is highly advisable to use the services of a professional services firm.
If you are a non-resident and wish to incorporate a company in Hong Kong, you are required to engage a professional firm to act on your behalf.
Yes, a Hong Kong company can hire foreign employees to work in Hong Kong. The company must file an employment visa for each such employee and it must be approved by authorities. There are different schemes under the employment visa category that cater to different groups of employees:
Stamp Duty on share capital is also known as capital duty on share capital in many other countries. Stamp Duty on share capital in Hong Kong is as follows:
2 mins video Singapore is one of the world's leading international financial centres, third most globalized economy among 60 of the world’s largest economies, a major capitalist service economy characterized by low taxation and free trade. Singapore is the best ease of doing business over the world as World Bank. Singapore private limited company is most popular and easier for foreigner.
All business and bank account outside Singapore is tax-free (Offshore Status), Singapore Formation requires a minimum of one Local Director who is Singaporean citizen.
Singapore Private Limited Company Formation (Pte. Ltd), initially Our Relationship Managers team will ask You have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 3 working days or 2 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in Singapore Corporate Regulatory Authority (ACRA) system. Our services included Local Secretary who is local Singapore citizen.
You settle the payment for Our Service fee and official Singapore Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Singapore Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in Singapore, European, Hong Kong or other other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.
Your Singapore Pte. Ltd formation completed, ready to do international business!
Director/Shareholder's Passport(s)
Director/Shareholder's Residential Address Proof(s) (for example: Electricity/Water/Phone bill...not older than 03 months)
Yes, a Singapore company is required to have at least one local resident director. In order to qualify as locally resident, the person must:
A director must be a natural person and over 18 years old. Corporate directors are not permitted.
We can have your company approved by and registered with the Accounting Corporate Regulatory Authority (ACRA) within 1 day once receiving signed documents from you.
Yes, Singapore Companies Act allows for 100% ownership of Singapore companies by foreign persons or entities. There are also no restrictions on the type of business activities that a company can engage in. No special approvals are required by foreigners. In other words, there is no difference between a local or a foreign person who wishes to form a Singapore company.
Yes, all Singapore companies must have a Singapore registered address
The foreigner can register his business/company by engaging the services of a corporate service provider to do the registration on his behalf. What is SingPass: SingPass stands for "Singapore Personal Access". It is your common password to transact online with the Government and it acts as your signature when you e-file. A SingPass is also required to transact online via BizFile (www.bizfile.gov.sg).
A Singapore company can be registered with a minimum paid up capital of S$1 (or its equivalent in any currency). Standard amount we prefer is S$ 10,000
We can support the whole process online.
| Sole-Proprietorship | Partnership | Limited Partnership(LP) | Limited Liability Partnership(LLP) | Company | |
|---|---|---|---|---|---|
| Definition | A business owned by one person. | An association of two or more persons carrying on business in common with a view to pro?t. | A partnership consisting of two or more persons, with at least one general partner and one limited partner. | A partnership where an individual partner’s own liability is generally limited. | A business form which is a legal entity separate and distinct from its shareholders and directors. |
| Owned by | One person. | Generally between 2 and 20 partners. A partnership of more than 20 partners must incorporate as a company under the Companies Act, Chapter 50 (except for professional partnerships). | At least 2 partners; one general partner and one limited partner, no maximum limit. | At least 2 partners, no maximum limit. | Exempt private company –20 members or less and no corporation holds bene?cial interest in the company’s shares. Private company – 50 members or less. Public company – can have more than 50 members. |
| Legal status | Not a separate legal entity – owner has unlimited liability. Can sue or be sued in individual’s own name. Can also be sued in business name. Can own property in individual’s name. Owner personally liable for debts and losses of business. | Not a separate legal entity – partners have unlimited liability. Can sue or be sued in ?rm’s name. Cannot own property in ?rm’s name. Partners personally liable for partnership’s debts and losses incurred by other partners. | Not a separate legal entity. General partner has unlimited liability. Limited partner has limited liability – can probably sue or be sued in ?rm’s name. Cannot own property in ?rm’s name. General partner is personally liable for debts and losses of the LP. Limited partner is not personally liable for the debts or obligations of LP beyond the amount of his agreed contribution. | A separate legal entity from its partners Partners have limited liability. Can sue or be sued in LLP’s name. Can own property in LLP’s name. Partners personally liable for debts and losses resulting from their own wrongful actions. Partners not personally liable for debts and losses of LLP incurred by other partners. | A separate legal entity from its members and directors. Members have limited liability. Can sue or be sued in company’s name. Can own property in company’s name. Members not personally liable for debts and losses of company. |
| Registration requirements | Age 18 years or above. Singapore citizen/permanent resident/EntrePass holder. If the owner is not resident in Singapore, he must appoint an authorised representative who is ordinarily resident in Singapore. Self-employed persons must top up their Medisave account with the CPF Board before they register a new business name, become a registrant of an existing business name, or renew their business name registration. Undischarged bankrupts cannot manage the business without approval from the Court or the Official Assignee. | Age 18 years or above. Singapore citizen/permanent resident/EntrePass holder. If the owners are not resident in Singapore, they must appoint an authorised representative who is ordinarily resident in Singapore. Self-employed persons must top up their Medisave account with the CPF Board before they register a new business name, become a registrant of an existing business name, or renew their business name registration. Undischarged bankrupts cannot manage the business without approval from the Court or the Official Assignee. | At least one general partner and limited partner – both can be individuals (at least 18 years old) or body corporate (company or LLP). If all general partners are ordinarily resident outside Singapore, they must appoint a local manager who is ordinarily resident in Singapore. Self-employed persons must top up their Medisave account with the CPF Board before they register as a partner of a new LP, become a registered partner of an existing LP, or renew their LP registration. Undischarged bankrupts cannot manage the business without approval from the Court or the Official Assignee. | At least two partners, who can be individuals (at least 18 years old) or body corporate (company or LLP). At least one manager ordinarily resident in Singapore and at least 18 years old. Undischarged bankrupts cannot manage the business without approval from the Court or the Official Assignee. | At least one shareholder. At least one director ordinarily resident in Singapore, at least 18 years old. If a foreigner wishes to act as a local director of the company, he can apply for an EntrePass from the Ministry of Manpower. Undischarged bankrupts cannot be a director and cannot manage a company without approval from the Court or the Official Assignee. |
| Formalities and expenses | Quick and easy to set up. Easy to administer and manage. Registration cost is minimal. Fewer administrative duties. Can renew business registration for one year or three years. | Quick and easy to set up. Easy to administer and manage. Registration cost is minimal. Fewer administrative duties. Can renew business registration for one year or three years. | Quick and easy to set up. Easy to administer and manage. Registration cost is minimal. Fewer administrative duties. Can renew business registration for one year or three years. | Quick and easy to set up. Fewer formalities and procedures to comply with than a company. Registration cost is relatively minimal and fewer regulatory duties to adhere to than a company. No statutory requirement for general meetings, directors, company secretary, share allotments, etc. Only an annual declaration of solvency/insolvency must be lodged by one of the managers stating whether the LLP is able or not able to pay its debts during the normal course of business. | More costly to set up and maintain. More formalities and procedures to comply with. Must appoint a company secretary within 6 months of incorporation. Must appoint an auditor within 3 months after incorporation unless the company is exempt from audit requirements. Annual returns must be ?led. Statutory requirements for general meetings, directors, company secretary, share allotments etc must be complied with. |
| Taxes | Pro?ts taxed at owner’s personal income tax rates. | Pro?ts taxed at partners’ personal income tax rates. | Pro?ts taxed at partners' personal income tax rates (if individual) or corporate tax rate (if corporation). | Pro?ts taxed at partners’ personal income tax rates (if individual) or corporate tax rate (if corporation). | Pro?ts taxed at corporate tax rates. |
| Continuity in law | Exists as long as the owner is alive and desires to continue the business. | Exists subject to partnership agreement. | Exists subject to partnership agreement. If there is no limited partner, the LP registration will be suspended and general partners are deemed registered under the Business Names Registration Act. Once a new limited partner is appointed, the registration of the LP will be restored to “live” and general partners’ registration under the Business Names Registration Act ceases. | The LLP has perpetual succession until wound up or struck off. | A company has perpetual succession until wound up or struck off. |
| Closing the business | By owner – cessation of business. Registrar can cancel registration if not renewed or where Registrar is satis?ed business is defunct. | By the partners – cessation of business. Registrar can cancel registration if not renewed or where Registrar is satis?ed business is defunct. | By general partner – cessation of business or dissolution of LP. Registrar can cancel registration if not renewed or where Registrar is satis?ed LP is defunct. | Winding up – voluntarily by members or creditors, compulsorily by creditors. | Winding up – voluntarily by members or compulsorily by creditors. |
Each Singapore company must appoint one Singapore resident director.
If you are a foreign business professional or a foreign entity who does not have a local director, you can utilize our Local Director service to satisfy this statutory requirement.
The service can be provided on a short-term or annual basis as below:
Please note that in Singapore, a Local Director has the same responsibilities as any other director. Therefore providing a local director for your company imposes certain responsibilities on you as well as us and we would like to highlight the terms of our local director service as below.
Note that a higher local director or security deposit fee may apply if your company falls under any of the following:
Yes, once company get done, we will go on supporting to open bank account in some the following banks:
OCBC, DBS, MayBank, UOB
| Who acts as the executive director(s) of the company i.e. who runs the company? | Client |
|---|---|
| Who acts as the bank signatory? | Client |
| Who signs contractual and financial documents of the company? | Client |
| Who acts as the shareholder of the company? | Client |
| Is local director involved in any matters of the company except to satisfy the statutory local director requirement? | No |
Yes, in some banks you can open a multi-currency intergrated in the only account. And some banks require you need to deposit respectively for each type of currency . It depends on your choice of bank the specific account chosen.
All banks in Singapore require clients’ personal visit, so your presence is required
Each bank has its own different regulations, It depends on which bank you choose and which package you are interested in
With Singaporean company and bank account there you need to pay tax no matter where you run business or all income is derived from Singapore you are subject to tax also.
Yes, it is necessary for a Singapore company to have at least one director who is a local resident. In order to qualify as a local resident of Singapore, the individual has to be a Singapore citizen, a Singapore permanent resident or an Employment Pass holder (the employment pass must be from the same company where the individual wants to be a director). Furthermore, the local director must be a natural person above the age of 18 years and not a corporate entity. Foreign companies or entrepreneurs who wish to incorporate and operate a Singapore company can either A) have a foreign executive relocate to Singapore to act as the resident director (subject to the approval of their work pass); or B) use the nominee director service of a corporate services firm to meet the resident director requirement.
A company is considered dormant during a period in which no accounting transaction occurs.
A dormant company does not need to have its accounts audited and can file unaudited accounts.
Even if a company was dormant, it is mandatory to hold AGM and file Annual Return.
The annual return should be delivered to the Registrar of Companies for registration within 42 days after the company's return date. Different types of companies have different return date.
A Private Company should, except in the year of its incorporation, deliver an annual return in respect of every year within 42 days after the anniversary of the date of the company's incorporation.
For Public/Guarantee Company, you must deliver an annual return in respect of every financial year. The return date for a Public Company is 6 months after the end of the company's accounting reference period and 9 months for Guarantee Company. Accounting reference period is the period by reference to which the company's annual financial statements are to be prepared.
You’ll need to provide:
After the end of its financial year, your private limited company must prepare:
A basic UK Private Limited Company (LTD) must include at least:
Offshore Company Corp will provide a registered office address and secretarial services. Offshore Company Corp can also provide a nominee director and a nominee shareholder if needed to protect your privacy.
There is no prescribed minimum share capital. Usual number of shares the UK Government will issue is 1000 at £1.00 each.
The minimum requirement to form a UK Private Limited Company (LTD) is at least one shareholder and one director, who can be the same person.
You do not need to be a UK individual to have a limited company. A foreigner can have 100% ownership of the UK company.
2 mins video UK LTD/LLP Company Formation is highly recognized country so easy to do as well as expanding your business. In case UK Company holding by Offshore Company you can have solution with very low tax by pricing transfer (Offshore Company Status). You can using UK Company to investment or holding other Offshore Company.
UK Offshore Company Formation, initially Our Relationship Managers team will ask you have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 2 working days or a working day in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in Company House system.
You settle the payment for Our Service fee and official UK Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full UK Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.
Your UK Company formation completed, ready to do international business!
A business secretary is by and large named to take care of a percentage of the executives' obligations, for example, keeping up and documenting statutory registers and organization records. Moreover, the Secretary company will provide a business address for you.
| Private Limited by Shares | LLP |
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| Can be registered, owned and managed by just one individual – a sole person acting as both the director and shareholder | A minimum of two members are required to set up an LLP. |
| The liability of shareholders or guarantors is limited to the amount paid or unpaid on their shares, or the amount of their guarantees. | The liability of LLP members is limited to the amount each member guarantees to pay if the business runs into financial difficulty or is wound up. |
| A limited company can receive loans and capital investment from outside investors. | An LLP can only receive loan capital. It cannot offer equity shares in the business to non-LLP members. |
| Limited companies pay corporation tax and capital gains tax on all taxable income. | LLP members pay income tax, National Insurance and capital gains tax on all taxable income. The LLP itself has no tax liability. |
| You need to inform the Secretary company for each time changing of director, shareholder. | It is easier to change the internal management structure and distribution of profits in an LLP. |
Registration Address only receive mailing from local government authority related to your registration, annual return and tax return (if any for some jurisdiction).
Virtual address service allows your company to have a local address and to receive mail there, sometime you can have a local phone number, which, in some cases, can lend more credibility to your company.
Offshore Company Corp can also provide a nominee director and a nominee shareholder to protect your privacy. Nominee non-beneficiary, non-executive and just name only on paperwork.
Limited companies and LLPs share many similarities, most notably the reduced financial responsibility of the owners. However, they do have significant differences as well, namely:
All taxable income generated by a limited company is subject to corporation tax at 20%. Any salary a director receives will be liable for income tax, National Insurance and employers’ NI contributions. However, directors are often also shareholders. This means they are treated as employees of their own company. The distribution of profits to directors can be done in such a way that much of the money they receive is not subject to corporation tax or personal income tax.
A limited liability partnership (LLP) is a separate legal business structure that, at one and the same time, grants the benefits of limited liability while allowing the partnership's members to enjoy the flexibility of structuring the business as a partnership in the traditional sense. LLPs are intended for those businesses that carry on a profession or trade.
Just two LLP members are required to be held liable for filing LLP accounts and other secretarial duties.
If the LLP's members are not resident in the UK and the income of the LLP is derived from a non-UK source, then neither the LLP nor its members will be subject to UK taxation. So LLPs in the UK bring together a number of benefits.
Consequently, an LLP in the UK is characterised by being a very flexible body for trade in the international market place which, if structured correctly, can escape being subject to taxation in the UK.
Unique Taxpayer Reference (UTR). You’ll get an activation code in the post within 10 working days of enrolling (21 days if you’re abroad). When you have your code, sign in to your online account to file your return online. https://www.gov.uk/log-in-file-self-assessment-tax-return/register-if-youre-not-self-employed
Value Added Tax (VAT) usually takes at least 3 weeks to obtain.
The minimum requirement to form a UK Private Limited Company (LTD) is at least one shareholder and one director, who can be the same person. For the LLPs, at least 2 members must be provided. Offshore Company Corp will provide a registered office address and secretarial services. It normally takes 2 working days to form a new company
In order to set up a UK Private Limited Company, Offshore Company Corp will need:
A SIC code is a Standard Industrial Classification code. These are used by Companies House to classify the type of economic activity in which a company or other type of business is engaged. This information must be provided by all companies and LLPs at the time of company formation, regardless of whether the business will be active or dormant.
SIC codes must then be confirmed or updated on an annual basis when the company files its confirmation statement (formerly the annual return)
You will just inform Offshore Company Corp who is the Secretary company to update the SIC for your company.
Our professionals have 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.
We provide tailor-made advice to our clients, fully integrating the latest laws.
We are one of the most competitive offshore providers.
After the company is formed, our professional advisory team will always advise you. We provide customer support 24/7.
A hard company kit (Certificate of Incorporation, Memorandum of Association, Register of members, etc...) which will be delivered to your residence.
A business registration address and secrecterial services from Offshore Company Corp.
Your company information can be found on the official website of the Companies House
The annual return should be delivered to the Registrar of Companies for registration within 42 days after the company's return date. Different types of companies have different return date.
A Private Company should, except in the year of its incorporation, deliver an annual return in respect of every year within 42 days after the anniversary of the date of the company's incorporation.
If your business is presently not operating, investing or continuing company tasks, HMRC considers it inactive for corporation tax return objectives. In these circumstances, your business is immune for corporation tax and not needed to submit a business tax return.
In many cases, an inactive firm might still be responsible for corporation tax if HMRC sends out a 'Notification to supply a business tax return'. It could put on a recently operating that comes to be inactive throughout its corporation tax bookkeeping duration. If this occurs, you just submit a tax return within a year of the completion of your tax return duration.
A limited business that is inactive ought to notify HMRC when it does end up operating fully. You have 3 months from the beginning of the tax return accountancy duration to let HMRC recognise it is active, and also this could be conveniently done utilising HMRC's on-line enrollment solution or by offering the pertinent details in creating.
A business could be closed a variety of means. If your firm is bankrupt, you might request to strike off the Companies Register or you could begin a participants' volunteer liquidation. Otherwise, the company must be in good condition if you want to close it. The procedure will be done by your secretary company.
In 2007, Malta made the final revisions to its corporate tax system to remove the remnants of positive tax discrimination by extending the possibility to claim tax refunds to residents and non-residents alike. Certain features such as the participation exemption which serve to make Malta a more attractive tax planning jurisdiction were also introduced at this stage. Over the years Malta has modified and will continue to modify its tax laws to bring them in line with various EU directives and OECD initiatives thus offering an attractive, competitive, fully EU compliant tax system.
This type of company can be used for:
Malta offers various forms of partnerships and limited liability companies:
Capital Requirements
A private company must have a minimum issued share capital of €1,164.69. 20% of this amount must be paid up on incorporation. Any foreign convertible currency may be used to denominate this capital. The chosen currency will also be the company’s reporting currency and the currency in which tax is paid and any tax refund due is received, a factor which eliminates foreign exchange risks. Furthermore, Maltese company law provides for companies set up with a variable share capital.
Shareholders
Whilst companies are generally set up with more than one shareholder, there is the possibility to set up a company as a single member company. Various persons or entities may hold shares, including individuals, corporate entities, trusts and foundations. Alternatively, a trust companiy such as Chetcuti Cauchi's Claris Capital Limited, our trust company which has been authorised by the Malta Financial Services Authority to act as trustee or fiduciary, may hold shares for the benefit of the beneficiaries.
Objects
The objects of a private limited company are unlimited but must be specified in the Memorandum of Association. In case of a Private exempt limited company, a primary purpose must be stated as well.
Directors and Secretary
With respect to directors and company secretary, private and public companies have different requirements. While private companies must have a minimum of one director, a public company must have a minimum of two. It is also possible for a director to be a body corporate. All companies are obliged to have a company secretary. A company secretary must be an individual and there is a possibility for a director to act as a company secretary. In the case of private exempt companies, a sole director may also act as the company secretary.
While there are no legal requisites regarding the residence of directors or the company secretary, it is advisable to appoint Malta resident directors as this ensures that the company is managed effectively in Malta. Our professionals are able to act as or recommend officers for client companies under our administration.
Confidentiality
Under the Professional Secrecy Act, professional practitioners are bound by a high standard of confidentiality as established by the aforementioned act. These practitioners include advocates, notaries, accountants, auditors, trustees and officers of nominee companies and licensed nominees, amongst others. Section 257 of the Maltese Criminal Code stipulates that professionals who disclose professional secrets may be liable to a maximum fine of € 46,587.47 and/or a 2 year prison sentence.
Meetings
Malta companies are required to hold at least one general meeting every year, with not more than fifteen months elapsing between the date of one annual general meeting and that of the next. A company which holds its first annual general meeting is exempt from holding another general meeting in the year of its registration or in the following year.
Formation Procedure
To register a company, the memorandum and articles of association must be presented to the Registrar of Companies, along with the evidence that the paid up share capital of the company has been deposited in a bank account. Afterwards a certificate of registration will be issued.
Incorporation Time-Scale
Malta companies benefit from a relatively swift incorporation process which takes between 3 to 5 days once all information, receipt of due diligence documents and remittance of funds have been has been provided. For an additional fee, a company may be registered within just 24 hours.
Accounting & Accounting Year
Yearly audited financial statements need to be prepared in accordance with International Financial Reporting Standards (IFRSs). These statements must be filed with the Registry of Companies where they may be inspected by the public. Alternatively, Maltese law provides for a choice of financial year-end.
Companies registered in Malta are considered to be resident and domiciled in Malta, thus they are subject to tax on their worldwide income less permitted deductions at the corporate income tax rate which at present stands at 35%.
Imputation System
Maltese tax resident shareholders receive full credit for any tax paid by the company on profits distributed as dividends by a Maltese company, thus preventing the risk of double taxation on that income. In cases where the shareholder is liable to tax in Malta on dividend at a rate which is lower than the company rate of tax (which currently stands at 35%), excess imputation tax credits are refundable.
Tax Refunds
Upon receipt of a dividend, shareholders of a Malta company may claim a refund of all or part of the Malta tax paid at the level of the company on such income. In order to determine the amount of refund which one may claim, the type and source of the income received by the company must be considered. Shareholders of a company that have a branch in Malta and who are receiving dividends out of branch profits subject to tax in Malta qualify for the same Malta tax refunds as shareholders of a Malta company.
Maltese law stipulates that refunds are to be paid within 14 days from the day in which a refund becomes due, that is when a complete and correct tax return for the company and shareholders has been filed, the tax due has been fully paid and a complete and proper refund claim has been made.
Refunds may not be claimed in any case on tax suffered on income derived directly or indirectly, from immovable property.
100% refund
A full refund of the tax paid by the company, resulting in an effective combined tax rate of zero may be claimed by shareholders in respect of:
The 5/7ths refund
There are two cases where a 5/7 refund is given:
The 2/3rds refund
Shareholders who claim double taxation relief in respect of any foreign income received by a Malta company are limited to a 2/3 refund of the Malta tax paid.
The 6/7ths refund
In cases of dividends which are paid to shareholders out of any other income which has not being previously mentioned, these shareholders become entitled to claim a refund of 6/7ths of the Malta tax paid by the company. Thus, shareholders will benefit from an effective rate of Malta tax of 5%.
Malta companies may benefit from:
Unilateral Relief
The unilateral relief mechanism creates a virtual double tax treaty between Malta and a large number of countries around the world which provides for a tax credit in cases where foreign tax has been suffered irrespective of whether Malta has a double tax treaty with such jurisdiction or not. To benefit from unilateral relief, a taxpayer must provide evidence to the satisfaction of the Commissioner that:
The foreign tax suffered will be compensated through in the form of credit against the tax chargeable in Malta on the gross chargeable income. The credit shall not exceed the total tax liability in Malta on the foreign sourced income.
OECD based Tax Treaty Network
To date, Malta has signed over 70 double tax treaties. Most treaties are based on the OECD model, including the treaties signed with other EU member states.
EU Parent and Subsidiary Directive
As an EU member state, Malta has adopted the EU Parent-Subsidiary Directive which disposes of cross border transfer of dividends from subsidiary to parent companies within the EU.
Interest and Royalties Directive
The Interest and Royalties Directive exempts interest and royalty payments payable to a company in a member state from tax in the source member state.
Participating Exemption
Malta holding companies may be structured to hold shares in other companies and such participations in other companies qualify as participating holding. Holding Companies which meet either of the conditions mentioned below may benefit from this participating exemption based on participating holding rules both on dividends from such holdings and gains arising on the disposal of such holdings:
Participation exemption can also apply to holdings in other entities which could be a Maltese limited partnership, a non resident body of persons with similar characteristics, and even a collective investment vehicle where the liability of the investors is limited, as long as a holding satisfies the criteria for the exemption outlined below:
The above are the safe harbours set. In cases where the company in which the participating holding is held does not fall within one of the aforementioned safe harbours, the income which is derived therefore may nevertheless be exempt from tax in Malta if both the conditions below are satisfied:
Flat Rate Foreign Tax Credit
Companies which are receiving overseas income may benefit from the FRTC, provided that they provide an auditor’s certificate stating that the income arose overseas. The FRFTC mechanism assumes a foreign tax suffered of 25%. A 35% tax is imposed on the company’s net income grossed up by 25% FRFTC, with the 25% credit being applied against the Malta tax due.
In certain cases specified at law, it is possible to request a formal ruling to provide certainty on the application of domestic tax law to a specific transaction. Such rulings will be binding on the Inland Revenue for five years and survive a change in law for 2 years, and it is generally issued within 30 days of application. An informal system of Revenue feedback has been created through which a letter of guidance may be given.
As a member of the European Union, Malta has implemented all the relevant EU directives that concern the subject of corporate taxation, including the EU Parent-Subsidiary Directive and the Interest and Royalties Directive. This makes Malta’s corporate legal framework fully compliant with EU law and further harmonises the Maltese laws with the laws of all other member states.
In force: Albania, Australia, Austria, Bahrain, Barbados, Belgium, Bulgaria, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Georgia, Germany, Greece, Guernsey, Hong Kong, Hungary, Iceland, India, Ireland, Isle of Man, Israel, Italy, Jersey, Jordan, Korea, Kuwait, Latvia, Lebanon, Libya, Lichtenstein, Lithuania, Luxembourg, Malaysia, Mauritius, Mexico, Moldova, Montenegro, Morocco, Netherlands, Norway, Pakistan, Poland, Portugal, Qatar, Romania, San Marino, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Syria, Tunisia, Turkey, United Arab Emirates, United Kingdom, USA, Uruguay and Vietnam.
Treaties signed but not yet in force: Belgium, Ukraine, Curaçao
Tax Information Exchange Agreements in Force: Bahamas, Bermuda, Cayman Islands, Gibraltar, USA.
Tax Information Exchange Agreements – signed but not in force: Macao
2 mins video Malta Private Limited Liability Company Formation can get many advantage as apart EU, would be deemed to be a tax resident Company and would, accordingly, be entitled to access Malta's large network of double tax treaties. A Malta resident Director is not required. No withholding of tax generally levied on outbound dividends interest or royalties....
Malta Offshore Formation, initially our supporting team will ask You have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 3 working days or 2 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in Malta Registry of Companies system.
You settle the payment for Our Service fee and official Malta Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Malta Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in Hong Kong, Singapore, European or other other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your limited company.
Your Malta Offshore Company formation completed, ready to do international business!
2 mins video Switzerland Company Corporate income Tax is low, only 8,5% (Federal tax), Switzerland highly recognized country so easy to do as well as expanding your business. Holding companies are exempt from tax on income from capital gains and Commercial interest, including loans from foreign shareholders paid by a Swiss company are not subject to withholding tax (Offshore Status if your company is Holding). At least one director has to have his domicile in Switzerland company.
Switzerland Offshore Formation, initially Our Relationship Managers team will ask You have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 9 working days or 5 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in Switzerland Commercial Register system.
You settle the payment for Our Service fee and official Switzerland Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Switzerland Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.
Your Switzerland Company formation completed, ready to do international business!
The most frequent legal forms are:
Basic Belize International Business Company (IBC) must include at least:
Offshore Company Corp will provide a registered office address and secretarial services. Offshore Company Corp can also provide a nominee director and a nominee shareholder if needed to protect your privacy.
There is no prescribed minimum share capital. Usual amount of shares Belize Government will issue is 50,000 of USD1.00 each inclusive.
At last, the minimum requirement to form a Belize IBC is one Shareholder/Director who can be the same person.
Under the International Business Companies Act 2000, Chapter 270 of the Laws of Belize, companies incorporated in Belize are defined as Belize International Business Company (IBC).
The Belize IBC is the most popular form of offshore corporate structure. Belize offshore companies are used for a variety of tax planning and international investment purposes.
Offshore Company Corp will provide a registered office address and secretarial services. Offshore Company Corp can also provide a nominee director and a nominee shareholder if needed to protect your privacy.
There is no prescribed minimum share capital. Usual amount of shares BVI Government will issue is 50,000 of the desired currency.
At last, the minimum requirement to form a BVI BC is one Shareholder/Director who can be the same person.
Under BVI Business Companies Act 2004, there are 2 time frames for BC annual renewal.
Late payment of the Government duties in the British Virgin Islands will result in a:
After Offshore Company Corp give a 30 days’ notice, any fees still not paid will lead to the company being struck off by the Registrar of Companies.
Basic Cayman Exempted Company must include at least:
Offshore Company Corp will provide a registered office address and secretarial services. Offshore Company Corp can also provide a nominee director and a nominee shareholder if needed to protect your privacy.
There is no prescribed minimum share capital. Usual amount of shares Cayman Island Government will issue is 50,000 of USD1.00 each inclusive.
At last, the minimum requirement to form a Cayman Exempted Company is one Shareholder/Director who can be the same person.
Under the Companies Law CAP.22, all Annual Renewal Fee are due on 31st December of each year.
Any late paid Annual Renewal Fee shall result in penalties as follows:
Cayman Exempted Company cannot do business within Cayman Islands, cannot manage business of banking, insurance, mutual funds without licenses.
Basic Seychelles International Business Company (IBC) must include at least:
Offshore Company Corp will provide a registered office address and secretarial services. Offshore Company Corp can also provide a nominee director and a nominee shareholder if needed to protect your privacy.
There is no prescribed minimum share capital. Usual amount of shares Seychelles Government will issue is 1,000,000 of USD1.00 each inclusive.
At last, the minimum requirement to form a Seychelles IBC is one Shareholder/Director who can be the same person.
After Offshore Company Corp give 30 days’ notice, any fees still not paid within 180 days of the first penalty will lead to the company being struck off by the Registrar of International Business Companies.
Under the International Business Companies Act 1994, companies incorporated in Seychelles are defined as International Business Company (IBC).
Seychelles IBCs are very popular and widely used offshore companies because of their administrative ease, flexibility, taxation exempt status and the fact that they are widely accepted and recognized by the international financial community.
2 mins video Saint Vincent and the Grenadines International Business Companies (St. Vincent IBC) has totally exemption on taxes, according to the official Regulation. No filing of accounts or submitting annual returns is required after the offshore has been incorporated. Confidentiality Act adopted in 1996 affords true privacy for businesses and their owners/director for offshore company formation.
St. Vincent Offshore Formation, initially Our Relationship Managers team will ask You have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 4 working days or 2 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in St. Vincent Registrar of International Business Companies system.
You settle the payment for Our Service fee and official St. Vincent Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Certificate of Exemption from Direct Taxes, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full St. Vincent Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.
Your St. Vincent Offshore Company formation completed, ready to do international business!
2 mins video Anguilla International Business Company (IBC) has totally exemption on taxes, according to the International Business Companies Act, 2000. No filing of accounts or submitting annual returns is required after the offshore has been incorporated. Anguilla is not a party in any double taxation treaty, which provides enhanced protection against fiscal inquiries. The law protects the confidentiality of the Shareholder, Director and the offshore company.
Anguilla Offshore Formation, initially Our Relationship Managers team will ask you have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 3 working days or 2 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in Anguilla The Registrar of Companies system.
You settle the payment for Our Service fee and official Anguilla Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Anguilla Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your Anguilla Offshore Company.
Your Anguilla Offshore Company formation completed, ready to do international business!
2 mins video Samoa International Company (IC) has totally exemption on taxes, according to the International Companies Act. No filing of accounts or submitting annual returns is required after the offshore has been incorporated. Samoa is not a party in any double taxation treaty, which provides enhanced protection against fiscal inquiries. The law protects the confidentiality of the Shareholder, Director and the offshore company.
Samoa Offshore Formation, initially Our Relationship Managers team will ask You have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 2 working days or a working day in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in Samoa Company Registry system.
You settle the payment for Our Service fee and official Samoa Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Samoa Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.
Your Samoa Company formation completed, ready to do international business!
2 mins video Bahamas International Business Company (IBC) has totally exemption on taxes, according to the International Business Companies Act 2000. No filing of accounts or submitting annual returns is required after the offshore has been incorporated. Bahamas is not a party in any double taxation treaty, which provides enhanced protection against fiscal inquiries. The law protects the confidentiality of the Shareholder, Director and the offshore company.
Bahamas Offshore Formation, initially Our Relationship Managers team will ask you have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 9 working days or 5 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in Registrar General Companies of the Commonwealth of The Bahamas system.
You settle the payment for Our Service fee and official Bahamas Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Bahamas Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your Bahamas Offshore Company.
Your Bahamas Offshore Company formation completed, ready to do international business!
2 mins video Mauritius Offshore Company has become a credible jurisdiction offering a reliability and security to investors through its flexible regulatory framework, holding a Category 2 Global Business Company Licence (Authorised Company) is often used for trading and investment. Authorised Company No filing of accounts or submitting annual returns is required after the offshore has been incorporated. Mauritius is not a party in any double taxation treaty, which provides enhanced protection against fiscal inquiries. The law protects the confidentiality of the Shareholder, Director and the offshore company.
Mauritius Offshore Formation, initially Our Relationship Managers team will ask You have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 5 working days or 3 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in Mauritius Registrar of Companies system.
You settle the payment for Our Service fee and official Mauritius Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Mauritius Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.
Your Mauritius Company formation completed, ready to do international business!
2 mins video Panama S.A. ("Sociedades Anónimas") - Panama Corporation (Panama IBC) has totally exemption on taxes, according to the International Business Companies Act 2000. No filing of accounts or submitting annual returns is required after the offshore has been incorporated. Panama is not a party in any double taxation treaty, which provides enhanced protection against fiscal inquiries. Panama IBC Formation is required to has minimum of 3 Directors and 1 Shareholder. Directors' names will appear in the register, available for public inspection. Nominee Directors can be used in order to avoid the client's name appearing.
Panama Offshore Company Formation, initially Our Relationship Managers team will ask you have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 5 working days or 3 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in the Panama Registrar Of International Business Companies system.
You settle the payment for Our Service fee and official Panama Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Panama Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your Panama Offshore Company.
Your Panama Offshore Company formation completed, ready to do international business!
2 mins video Marshall International Business Company (Marshall Offshore - IBC) has totally exemption on taxes, according to the Marshall Islands Associations Law 1990. No filing of accounts or submitting tax returns is required after the offshore has been incorporated. The law protects the confidentiality of the Shareholder, Director and the offshore company.
Marshall Offshore Company Formation, initially Our Relationship Managers team will ask you have to provide the detailed information of the Shareholders/Directors. You can select level of services you need, normal with 6 working days or 4 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in the Registrar of Corporations.
You settle the payment for Our Service fee and official Marshall Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Marshall Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.
Your Marshall Company formation completed, ready to do international business!
2 mins video Jersey Limited Company (Jersey Ltd) has exemption on taxes (except Financial Services Entities, Utility, Rental and Property Development) according to the Companies Law 1991. No filing of accounts is required after the company has been incorporated. Jersey is not a party in any double taxation treaty, which provides enhanced protection against fiscal inquiries. The law protects the confidentiality of the Shareholder, Director and the company.
Jersey Limited Formation, initially our supporting team will ask you to provide the detailed information of the Shareholders/Directors. Furthermore, give the proposal company names so that we can check the eligibility of company name in Jersey Registrar of International Business Companies system.
You settle the payment for Our Service fee and official Jersey Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
Offshore Company Corp will have your documents notarized and compose the Memorandum and the Article of Association then signed on your behalf. All documents will then be submitted to the Financial Services Commission.
When the register procedure is done, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Jersey Limited Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in Hong Kong, Singapore, European or other other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your limited company.
2 mins video Gibraltar Private Limited by Shares Company (Gibraltar Ltd) has exemption on taxes according to the Gibraltar Companies Ordinance 1930. No filing of accounts is required after the company has been incorporated. Gibraltar is not a party in any double taxation treaty, which provides enhanced protection against fiscal inquiries.
Gibraltar Limited Formation, initially our supporting team will ask you to provide the detailed information of the Shareholder(s) / Director(s). Furthermore, give the proposal company names so that we can check the eligibility of company name in Gibraltar Companies Registrar system.
You settle the payment for Our Service fee and official Gibraltar Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
Offshore Company Corp will have your documents certified and compose the Memorandum and the Article of Association. All documents will then be submitted to the Gibraltar Financial Services Commission.
When the register procedure is done, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Gibraltar Limited Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in Hong Kong, Singapore, European or other other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your limited company.
Your Gibraltar Limited Company formation completed, ready to do international business!
The requirements for BVs are almost identical to the ones for NVs, but there are some differences between the entities. The main ones are outlined below:
The Board of Supervisors does not have executive powers and cannot represent the LLC. Its purpose is to monitor the operations of the Managing Board and the main course of development of the business, to support the activities of the Management and to always act in agreement with the best interests of the LLC. In this respect the AoA can require the prior approval of the Board of
Supervisors for particular transactions. The establishment of a Board of Supervisors is not mandatory for the incorporation of a Dutch LLC. It is rather an instrument that can be used by the Shareholders to monitor the operations of the Managing Board.
A Dutch LLC is established by a minimum of one incorporator through the execution of an Incorporation Deed before a Latin Notary. The Deed contains the new LLC’s constitution that is considered as company law. It must cover all procedures of the entity and is relevant to all operations of the newly established company.
The Incorporation Deed includes the AoA that present the following information:
The names of Directors and Shareholders do not appear on public record. Filed at the Companies Registry are the incorporation documents, which include details of the Registered Office and Registered Agent - new companies in the BVI have to disclose their business activities. The BVI Business Companies Act has been amended to introduce a requirement for all British Virgin Islands companies to file a copy of their register of directors with the Registrar of Corporate Affairs, this can made made available or selected to be kept private.
Tha Managers and Supervisors are personally liable, either to the LLC or third parties, in any of the cases listed below:
The main reasons why business people choose the BV entity in Netherlands are:
1) Tax benefits: Netherlands is a very good option to legally minimize your tax burden when doing business in EU and in the world in general.
2) Good local market: Netherlands is one of the most prosperous regions in the world offering a local market with very good potential.
3) Excellent Transportation network: Netherlands has perhaps the most important ports and transportation hubs in Europe.
In summary the new Act on BVs adopts the changes listed below (among others):
In order to benefit from double tax treaties signed by the Netherlands with other countries, it is recommended to have the majority of directors as Dutch residents and a business address in that country, which can be obtained traditionally, by opening an office, or by getting a virtual office. We offer you a useful virtual office package with a prestigious business address in Amsterdam and main cities in the Netherlands.
Companies registered in the Netherlands will pay corporate tax (between 20% and 25%), dividend tax (between 0% and 15%), VAT (between 6% and 21%) and other taxes related to the activities they have. The rates are subject to change, so it is recommended to verify them at the moment you want to incorporate a Dutch BV.
Companies that have residence in the Netherlands must pay taxes on their income obtained worldwide, while nonresident companies will pay taxes only on certain incomes from the Netherlands. The corporate tax will be paid as follows:
For more details about taxation of a Dutch BV, you may contact our local specialists in company formation.
The BV needs to be officially registered in front of a notary public. If the Shareholders cannot be present in person, then they may assign Proxies through a certified Power of Attorney (PoA) with apostille or a Mandate. Then proxies can act in the capacity of Incorporators and initially subscribe the BV’s shares, then transfer them to the Shareholders.
The Shareholders / Proxies must present the Incorporation Deed of the company to the notary public. The requirement for a bank financial statement to confirm that the minimum capital has been deposited not valid anymore, thanks to the BV Act of 2012.
Within 7 days after the presentation of the executed Incorporation Deed to the notary public the private LLC has to be included in the Registry at the Chamber of Commerce and Industry with its registered address.
Until inclusion in the Commercial Registry the Directors of the LLC are jointly and personally liable for any binding transactions concluded at the time of their management.
Importantly, among other things, the Dutch LLC needs to register its official name, date and place of formation, description of its business operations, number of staff, management details and information regarding the signatories and any existing branches.
In the Netherlands profit distributions, such as dividends and liquidation payments exceeding the contributed equity, paid by Dutch LLCs are taxed with 15% withholding tax. The rate can decrease in cases when non-residents receiving dividends are eligible for tax reduction by virtue of a relevant treaty on taxes concluded by the country or the EU Directive on the common system of taxation applicable in the case of parent companies and subsidiaries of different Member States. Under particular conditions it is possible to circumvent the withholding tax on dividends in the Netherlands by using a local cooperative.
Interest, rentals and royalties paid by resident Dutch LLCs to non-resident entities are not subject to withholding taxes.
Dutch LLCs have to submit annual reports on their transactions and activities in line with specific requirements listed in the local Commercial Code. According to the Code each LLC has to prepare a yearly report using a specific format. The report must be signed by all Managing Board members and, if necessary, by the Board of Supervisors at the company.
The Commercial Code specifies a number of regulations and rules regarding the auditing, reporting
and filing that depend on the Dutch LLC’s classification.
All Dutch LLCs, excluding the ones classified as small businesses, are required to use the services of an auditor who shall review their yearly report and prepare an opinion.
The annual declarations on tax liabilities need to be submitted electronically no later than five months after the financial year’s end. If necessary, companies can apply for an extension of this period (maximum eleven months). The period for fiscal carry-back of tax losses is one year and for carry-forward – nine years.
The type of the company in RAK is International Business Company (IBC)
It may have non UAE resident as director or shareholder.
It may have UAE resident as director or shareholder.
It may have corporate shareholder/corporate director
It does not require the shareholder/director to be physically present in the UAE for incorporation
It may hold shares in other UAE and worldwide companies.
It may maintain bank accounts and deposits in the UAE or worldwide.
It may own real estate in the UAE, with prior authorization from RAK Investment Authority.
It is not obliged to maintain its books and records.
It cannot have physical offices in the UAE.
It may not carry on business within the UAE.
It may not obtain UAE Residency Visa.
It may not do banking and insurance business without special license.
What are the main activities that a RAK Offshore company can hold Outside UAE?
For RAK Incorporation, Offshore Company Corp requires to have:
After the company is formed, we will send you soft documents via email. After that, we will courier the hard document to you:
Ras Al Khaimah and Dubai International Business Company is for Offshore Company Status.
Preparation
Request FREE Company Name Search.
We check the eligibility of the name, and make suggestions if necessary.
Send your Required Documents scanned copies to us:
After checking the documents, we will send you a proforma invoice for our service fees.
Making Payment for your Order
We accept payments by Credit/Debit Card 
, Paypal 
or Wire Transfer to our bank accounts 
(we support multiple currencies with many banks around the world) (Payment Guidelines).
Incorporation
We prepare the incorporation forms of your proposed company for you to sign (we will need your company’ structure, initial share capital information…etc).
Confidently starting your business
We will notify you when the company is incorporated and send you the company documents’ soft copies first. All of the RAK Company / Dubai Company Documents will be couriered to your desired shipping address by express (TNT, DHL or UPS etc.).
As the requirement from the Registry, We will prepare the following forms and let you to sign it:
We, the registered agent, can help you to issue those additional documents
Cyprus is considered to be one of the most attractive jurisdictions in Europe to form a limited liability company due to its advantageous tax system. Cyprus holding companies enjoy all the benefits that the low tax jurisdiction has to offer such as full exemption from tax on dividend income, no withholding tax for dividends paid to non-residents, no capital gains tax and one of the lowest company tax rates in Europe of just 12.5%.
In addition, Cyprus has more advantages such as its corporate laws which are based on the English Companies Act and are in line with EU directives, low incorporation fees and a quick incorporation process. Moreover, Cyprus has a wide double tax treaty network and is currently negotiating for more.
It is recommended to ensure that upon the incorporation of the company, its beneficial owners or other appropriate officials are provided with copies of all corporate documents. Such corporate documents normally comprise:
Every Cyprus Company must have its own memorandum and articles of association. The memorandum contains the basic information of the company such as the company name, registered office, the objects of the company and so on. Care must be taken that the first few object clauses are tailored to the specific circumstances and main business objects and activities of the company.
The articles specify rules about the governance of the internal management of the company and regulations about the rights of the members (appointment and powers of directors, transfer of shares, etc).
For shareholders: Full name, Date and place of birth, Nationality, Residential address, Utility bill as a proof of a residential address or passport with registration stamp for CIS countries, Occupation, Copy of passport, Number of shares to be held.
For directors: Full name, Date and place of birth, Nationality, Residential address, Utility bill as a proof of a residential address or passport with registration stamp for CIS countries, Occupation, Copy of passport, Registered Address.
The following type of documents of Director/Shareholder be sent via email.
The time frame for the incorporation process is 5-7 working day after we clear our KYC procedure as well as there is no other question from Cyprus Registrar. At the last stage, we need you to send the notarized copy of all above documents to Cyprus for our record.
The shares may be held by nominees in trust for the beneficial owners without public disclosure of the owners’ identity.
For more information about nominee service, please refer here
Our service can provide you The Office Address Registered for the incorporation process. As the Secretary company, we also offer the Virtual Office Service to keep record of your company documents.
Other benefit of Virtual Office service, please refer here
No
2 mins video Cyprus Limited Company Formation can get many advantage, lowest taxation in Europe (10%) on their taxable net profits (some activities attract 0% tax). Holding companies can be established with 0% tax rate on dividends received. For global trading company is 0% taxation for ownership who is foreigner (Offshore Company status). With Cyprus Offshore Company you can have European “stamp of respectability” so easy to expanding your business internationally.
Cyrus Offshore Company Formation, initially our supporting team will ask You have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 7 working day or 5 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in Cyprus Registrar of Companies system.
You settle the payment for Our Service fee and official Cyrus Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Registry of Directors/Shareholder, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Cyprus Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.
Your Cyprus Company formation completed, ready to do international business!
For entities, certified copies of charter documents and registers (where applicable) are required. For individuals, identity certification, address proof and a reference letter from a recognized professional are required as following:
2 mins video Cayman Islands exempted company (Cayman Offshore Company) is the best choice among international investment fund managers and investors. The popularity of the exempted company is principally as a result of the Cayman Islands being rightly recognized as a stable jurisdiction for structuring international investments. Cayman Offshore Company have no direct taxes of any kind. There are no corporation, capital gains, income, profits or withholding taxes. The law protects the confidentiality of the Shareholder, Director and the offshore company.
Cayman Offshore Company Formation, initially Our Relationship Managers team will ask You have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 5 working days or 3 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in Cayman Registrar of Companies system.
You settle the payment for Our Service fee and official Cayman Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Cayma Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.
Your Cayman Company formation completed, ready to do international business!
The incorporation process takes only 1-2 days since we receive all required documents and payment from your side.
The fee for the registration of an IBC having an authorized share capital up to US$1,000, 000 is US$ 439 our professional service fee and Government fee plus US$ 450. Total US$ 889.
US$589 including all service fee. The renewal date is the anniversary date of your company.
2 mins video Seychelles International Business Company (Seychelles Offshore - IBC) has totally exemption on taxes, according to the International Business Companies Act, 1994. No filing of accounts or submitting annual returns is required after the offshore has been incorporated. Seychelles is not a party in any double taxation treaty, which provides enhanced protection against fiscal inquiries. The law protects the confidentiality of the Shareholder, Director and the offshore company.
Seychelles Offshore Company Formation, initially Our Relationship Managers team will ask you have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 2 working days or a working day in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in the Registrar of International Business Companies system.
You settle the payment for Our Service fee and official Seychelles Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Seychelles Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your Seychelles Offshore Company.
Your Seychelles Company formation completed, ready to do international business!
Nowadays in the globalized world the exact location of a bank is less important than the choice of the bank itself. When choosing a bank, a number of questions should be considered.
All in all, there is no single answer as to the most appropriate location of an offshore bank account – it is always a compromise between your financial abilities, convenience and reliability.
The time actually starts ticking after the completed application file, which includes quite a lot of documents and information from the beneficial owner, has reached the bank. We can not really influence the time taken by the client to fill the forms and to obtain the few due diligence documents. From the moment the file is with the bank, it can be from a couple of days to a couple of months until the bank comes up with a letter of acceptance – or, sometimes, rejection. In some cases the bankers would ask for some clarifications or additional documents from the new client. Then, obviously, the timer would stop until such information or document is furnished.
All in all, it is practically impossible to determine an exact timeframe. We would certainly share our previous experience with any particular bank, and sometimes this information gives something to go by
The relationship between the beneficial owner and the professional director is regulated by the standard Terms & Conditions of business and, if necessary, by a more specific client-manager agreement. Such agreement could determine, in particular the method of passing any instructions and information from the client to the manager and the fact that the account signatory shall never act on his own accord without express consent by the beneficial owner. As all the instructions to the Director come exclusively from you and the Director will stay passive in the absence of such instructions, you are actually the exclusive person controlling the account.
The incorporation process takes only 1-2 days since we receive all required documents and payment from your side.
What is the Requirement for the Incorporation Process?
The requirement is simple. You just need to submit 2 types of documents:
The fee for the registration of an IBC having an authorized share capital up to US$1,000,000 is US$ 709 our professional service fee and Government fee plus US$ 550. Total US$ 1,259.
US$799 including all service fee. The renewal date is on 2nd Jan.
No. Bearer Shares are not allowed.. Corporate directors are allowed.
2 mins video Belize International Business Company (Belize Offshore Company - IBC) has totally exemption on taxes, according to the International Business Companies Act, 2000. No filing of accounts or submitting annual returns is required after the offshore has been incorporated. Belize is not a party in any double taxation treaty, which provides enhanced protection against fiscal inquiries. The law protects the confidentiality of the Shareholder, Director and the offshore company
Belize Offshore Company Formation, initially Our Relationship Managers team will ask you have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 2 working days or a working day in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in the Registrar of International Business Companies system.
You settle the payment for Our Service fee and official Belize Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Belize Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your Belize Offshore Company.
Your Belize Company formation completed, ready to do international business!
Nowadays in the globalized world the exact location of a bank is less important than the choice of the bank itself. When choosing a bank, a number of questions should be considered.
All in all, there is no single answer as to the most appropriate location of an offshore bank account – it is always a compromise between your financial abilities, convenience and reliability.
The time actually starts ticking after the completed application file, which includes quite a lot of documents and information from the beneficial owner, has reached the bank. We can not really influence the time taken by the client to fill the forms and to obtain the few due diligence documents. From the moment the file is with the bank, it can be from a couple of days to a couple of months until the bank comes up with a letter of acceptance – or, sometimes, rejection. In some cases the bankers would ask for some clarifications or additional documents from the new client. Then, obviously, the timer would stop until such information or document is furnished.
All in all, it is practically impossible to determine an exact timeframe. We would certainly share our previous experience with any particular bank, and sometimes this information gives something to go by
The relationship between the beneficial owner and the professional director is regulated by the standard Terms & Conditions of business and, if necessary, by a more specific client-manager agreement. Such agreement could determine, in particular the method of passing any instructions and information from the client to the manager and the fact that the account signatory shall never act on his own accord without express consent by the beneficial owner. As all the instructions to the Director come exclusively from you and the Director will stay passive in the absence of such instructions, you are actually the exclusive person controlling the account.
2 mins video British Virgin Islands (BVI) Business Company (BC) has totally exemption on taxes, according to the BVI Business Companies Act, 2004. No filing of accounts or submitting annual returns is required after the offshore has been incorporated. BVI is not a party in any double taxation treaty, which provides enhanced protection against fiscal inquiries. The law protects the confidentiality of the Shareholder, Director and the offshore company.
BVI Offshore Company Formation, initially Our Relationship Managers team will ask You have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 3 working days or 2 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in the Registrar of Corporate Affairs system of BVI.
You settle the payment for Our Service fee and official BVI Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full BVI Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.
Your BVI Offshore Company formation completed, ready to do international business!
Fund must be credited to our account for payment to the Registry before 31/ May deadline to avoid penalties below
Fund must be credited to our account for payment to the Registry before October 30th deadline to avoid penalties below
It is the responsibility of all clients to ensure that payments are made to us in a timely manner thus keeping the companies in good standing with the BVI Government
You need registered office and a postal address for your company. The registered office address of the company where company records are kept, and where certain records may be viewed by shareholders; this must be a physical address – it cannot be a PO Box or Private Bag address. Our Incorporation fee including registered address for your company.
2 mins video Vanuatu International Company (Vanuatu Offshore Company - IC) has totally exemption on taxes, according to the International Companies Act. - Cap 222, no filing of accounts or submitting annual returns is required after the offshore has been incorporated. Vanuatu is not a party in any double taxation treaty, which provides enhanced protection against fiscal inquiries. The law protects the confidentiality of the Shareholder, Director and the offshore company.
Vanuatu Offshore Company Formation, initially our supporting team will ask you have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 5 working days or 3 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in the Registration Department of Vanuatu Financial Services Commission system.
You settle the payment for Our Service fee and official Vanuatu Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Vanuatu Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in Vanuatu, European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your Vanuatu Offshore Company.
Your Vanuatu Company formation completed, ready to do international business!
3% of Audited Net Profit for trading activities.
No tax for Non-Trading activities.
Foreigners are allowed to register their company in Vietnam. In most industries, they can own 100% of the shares of their business. In a few selected industries, company registration in Vietnam is only allowed in a joint venture agreement with a Vietnamese individual or corporate shareholder. One IBC’ Vietnam company registration specialist will advise you with regards to the need for a joint venture partner.
Yes. in many ways. Foreigners registering a new business in Vietnam are notably required to open a capital account in the country, which they will have to use in other to inject their company’s share capital.
Not necessarily. A foreign investor may set up a new legal entity as a wholly foreign-owned enterprise (“WFOE”) or as a JV (and contribute capital to this entity): in this case, an investor must apply both for an investment registration certifcate (“IRC”) and an enterprise registration certifcate (“ERC”), which was formerly called a business registration certifcate (“BRC”). A foreign investor may also contribute capital to an existing legal entity in Vietnam, which does not require an issuance of an IRC or ERC.
Thus, in respect of foreign investors carrying out their frst project in Vietnam, the incorporation of the Vietnamese legal entity takes place simultaneously with the licensing of their frst project. In other words, a foreign investor cannot incorporate a legal entity without a project. However, subsequent to the frst project, an investor may carry out additional projects either using the established legal entity or by setting up a new entity.
A foreign investor (just like a local investor) may select one of the following Vietnamese legal entities to carry out a project:
The two main factors that lead a foreign investor to choose a JV are: (i) some business sectors in Vietnam require a JV to establish a commercial presence in Vietnam; and (ii) the Vietnamese party has a key asset, local know-how and knowledge, or other factors that make the JV the preferred choice. For example, in real estate development projects, the Vietnamese party usually has the land use rights, which by law cannot be directly transferred to a foreign investor, but may be contributed into a JV.
The standard corporate income tax (CIT) rate is 20%, though enterprises operating in the oil and gas sectors will be subject to rates between 32% and 50%;
Dividends paid by a Vietnamese company to its corporate shareholders will be completely tax exempt. Furthermore, no withholding tax will be imposed on dividends remitted to overseas corporate shareholders. For individual shareholders, the withholding tax will be 5%;
Interest payments and royalties paid to non-residents individuals or corporate entities will be subject to withholding tax of 5% and 10% respectively;
Personal income tax for residents is levied under a progressive system, ranging between 5% and 35%. However, for non-resident individuals, the tax is levied at a flat rate of 20%.
There are three VAT rates: zero percent, 5%, and 10%, depending on the nature of the transaction. The tax rate of zero percent applies to exported goods and services, international transportation and goods and services not liable to value-added; offshore reinsurance services; credit provision, capital transfer and derivative financial services; post and telecommunications services; and exported products which are unprocessed mined resources and minerals.
Annual corporate income tax returns must be filed with the General Department of Taxation within 90 days from the end of the fiscal year. However, the company will be required to make quarterly income tax payments, based on estimates.
Accounting records must be kept in the local currency, which is the Vietnamese Dong. They must also be written in Vietnamese, though they may be accompanied by a common foreign language such as English.
A Vietnam-based auditing company must audit annual financial statements of foreign business entities. These statements must be filed with the licensing agency, the Ministry of Finance, the statistics office, and tax authorities 90 days before the end of the year.
With the new Law on Enterprises implemented in 2014, an entrepreneur must obtain a Foreign Investment Certificate before company incorporation and will be allowed to appoint multiple legal representatives for the Vietnam company.
A foreign investor may set up a new legal entity as a wholly foreign-owned enterprise or as a JV. The investor must apply for both a Foreign Investment Certificate (FIC) and an Enterprise Registration Certificate.
A private Vietnam company is required to maintain both a local registered address and a resident legal representative. Before the Government approves company registration, the company must sign an office premises lease agreement.
Before any Vietnamese company can repatriate profits, it must submit audited financial statements and complete tax filings to the authorities. Once these compliances are fulfilled, the company must inform the local taxation office, after which it can remit its profits; These profits must be remitted through the company’s capital account, instead of its corporate bank account which is used for daily business operations.
In order to complete incorporation, foreign-owned LLCs will be required to open a capital account with a local bank, required for share capital injection and transfers of future earnings abroad and obtain approval for a foreign investment certificate (FIC), required by the Vietnam government to allow foreigners to invest in Vietnam. Approval of the FIC requires a minimum investment, commonly set at US$10,000 but which may be higher in some industries.
All Vietnamese LLCs are also required at incorporation to provide the authorities with a registered address in Vietnam, which may be provided by One IBC if needed and a bank certificate of deposit for the amount of share capital, which will need to be transferred no later than 12 months after incorporation is complete.
Post incorporation, all foreign-owned LLCs must provide the authorities with an annual return and submit annual audited financial statements, which are a prerequisite for any remittance of earnings to their parent company.
Yes, foreign citizens are entitled to expand to Vietnam and incorporate a foreign-owned company in the country. However, there are certain restrictions and 100 % Foreign Invested Enterprise in Vietnam can be started only in the form of Limited Liability Company (LLC) or Joint Stock Company (JSC). Depending on the type of business entity you want to pursue, there are further regulations for foreigners to follow when establishing a company in Vietnam.
The most common company types are Limited Liability Company known as LLC and Joint Stock Company known as JSC. Both types are suitable for foreigners with an LLC being recommended to smaller companies with a few owners while a JSC better fits big businesses or those that plan to go public.
Although the local law does not stipulate the minimum capital, US$ 10,000 is commonly considered as the minimum capital investors should prove during the registration.
Most probably yes. The Vietnamese law enables foreigners to open foreign-owned companies in most business sectors except for six business fields mentioned in the Negative List, namely:
No. One IBC can legally incorporate your Vietnam company without you needing to travel.
Under statutory regulations, a Vietnam company requires a minimum of one director.
Yes, a company in Vietnam can be 100% foreign-owned in selected sectors.
A Vietnam company requires a minimum of two shareholders.
Yes.
All foreign company in Vietnam are obliged to submit an annual return and are required to have their financial statements audited annually.
A foreign-owned company is prohibited from operating 100% foreign-owned entities for the distribution of imported and domestically-produced goods, investment in the securities businesses, warehouse services and freight transport agency services, and maintenance and repair services of household equipment.
The process to register a company involves 5 steps.
This is the standard process to register a company to operate any type of business in Vietnam. After this, depending on the nature of the business, the entity may or may not require additional sub licenses.
If you do not have an address to register your entity, One IBC will provide you with a legal address for a competitive price. Alternatively you can use any of the many virtual office services in Ho Chi Minh City.
The next step after an enterprise registration certificate has been issued is opening up of a company bank account, transferring in the charter capital and registering the tax code with the tax department.
Depending on the nature of your business you may or may not need a special licenses.
For example if you consider the case of any un-conditional businesses such as general consultancy, no special license is required. On the other hand any sort of food or cosmetics related business, though unconditional may require some special licenses. For example a whole sale food import business will require a food import license issued by the ministry of health. A similar license is required to setup and operate a restaurant or food processing facility.
In the case of conditional business, most of these require additional licenses. For example investors looking to setup up educational institutions, require a special education license from the department of education. Retail trading also requires a special retail trading license issued by the department of industry and trade.
It should be noted that for both conditional as well as unconditional business, these special licenses can only be obtained after an investment registration certification and enterprise registration certificate have been issued. A good rule of thumb is to examine the licensing laws for a particular business in your own country along with the required criteria. Generally something of a similar nature will be applicable in Vietnam.
One IBC as an experienced consultant can advise and assist in procuring these additional licenses. Furthermore in certain cases where the investor may not be able to meet certain conditions, we can suggest practical solutions or workarounds to overcome the more stringent requirements.
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.
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