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Company Formation - FAQs

+ General

1. Offshore company formation/set-up – how it work?

How to set up your offshore company

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

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

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

You can open 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!

2. Why should I use Offshore Company Corp to open my offshore company?
  1. 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.
  2. We provide tailor-made advice to our clients, fully integrating the latest laws.
  3. We are one of the most competitive offshore providers.

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

3. What is an offshore company?

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

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

 
4. Which jurisdiction should I choose for my company?

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.

5. Who should use an offshore company?

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

Businessmen

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

Commerce over the internet (e-commerce)

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

Consultants/counsellors

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

International business

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

Holding intellectual property rights

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

For the custody of movable and immovable property

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

For inheritance purposes

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

Stockbroker/forex

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.

6. Do I have to pay taxes on profit or interest earned by my 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.

7. When do I have to pay my company's yearly fees (Renewal Fees)?

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.

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

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

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

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

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

10. What is a shelf company?

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

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

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

11. Can I choose the name of my company?

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

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

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

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

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

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

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

14. How can I settle my company fees?

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

Paypal, credit card/ debit card

Payment Guidelines

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

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

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

Benefits of the apostille

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

List of countries which recognise apostille certificates

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

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

Other countries

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

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

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

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

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

What do I need to get my DUNS number?

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

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

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

+ Delaware (United States of America)

1. Case Study - Delaware L.L.C or Corporation?

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.

2. Why Choose OffShoreCompanyCorp to Form a Corporation in Delaware?

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.

3. Delaware Corporation vs LLC
  L.L.C Company Corporation Company
Governance structure
  • All members are bound by an operating agreement.
  • The operating agreement determines all issues in the company.
  • The members may manage the company themselves or they may hire an external manager.

There are 3 tiers of power:

  • Shareholders – own the company
  • Directors – manage the major business actions
  • Officers – carry out day-to-day business activities
Federal taxation
  • IRS considers a single-member LLC to be a disregarded entity and a multi-member LLC to be a partnership.
  • The entity/partnership must fill in  a Federal Tax ID number (also called an employer identification number or EIN).

IRS taxes in 3 different ways:

  • C-corporation – pays taxes on profits each year and may
    choose to distribute dividends to shareholders. If the
    shareholders are a small, tight-knit group, this is often
    referred to as double taxation.
  • S-corporation – the tax liability on the profits and losses
    of the company are passed through to the shareholders.
    They must pay the taxes.
  • Tax exempt – the company must file IRS Form 1023
    and qualify for tax-exempt status by engaging in a
    qualifying charitable, religious or public-service purpose.
Privacy
  • No annual report required

Annual report must state:

  • the corporation’s physical address
  • all directors’ names and addresses
  • one officer’s name and address
4. Obtaining a tax ID or employer identification number (EIN) for a Delaware company

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.

How you obtain an EIN

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.

What to do if you lose your EIN

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.

5. Complete Delaware Company Kit package includes
L.L.C Company Corporation Company
 
  • Apostille
  • Certified Copy of Certificate of Formation
  • Notarized Statement of Authorized Person
  • Digital Corporate Seal
 
  • Apostille
  • Certified Copy of Certificate of Incorporation
  • Notarized Statement of Incorporator
  • Articles of Incorporation (BY-LAWS)
  • Digital Corporate Seal

Hard-copy of documents will be delivered to client’s registered / mailing address without courier fee charged.

6. Why Form a Delaware LLC

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.

7. What Is a Delaware Limited Liability Company (LLC)?

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.

LLC Operating Agreement

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.

How to Manage an LLC

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.

8. Seven Major Delaware LLC Advantages

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:

Advantage # 1: Custom LLC Business Structure and Rules

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.

Advantage # 2: Asset Protection Against Creditors

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

Advantage # 3: Statuary Limitation on Member Personal Liability

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.

Advantage # 4: Beneficial Tax Treatment by the IRS

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.

Advantage # 5: Simple Start-Up and Minimal Requirements

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.

Advantage # 6: Low Annual Fees and Simple Maintenance

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.

Advantage # 7: Delaware LLC Privacy

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.

9. What is Delaware Franchise Tax?
Corporation Company
There are 3 different annual rates for 3 circumstances
5,000 shares or less 5,001 - 10,000 shares over 10,000 shares
225 USD 300 USD 375 USD
(This fee already includes fixed 50 USD annual report fee)
Due date: March 1st of every year**
**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
10. Delaware (United State ) Corporation or Limited Liability Company (LLC) Formation- How it Works?

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.

How to facilitate your Delaware Offshore Company Setup?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Delaware Government Fee (Franchise tax) required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

11. What is a General Corporation in Delaware?

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.

Why choose Offshore Company Corp to form a corporation in Delaware?

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.

12. What is included in Delaware Company Kit?

Complete Delaware Company Kit package includes:

L.L.C Company Corporation Company
L.L.C Company
  • Apostille
  • Certified Copy of Certificate of Formation
  • Notarized Statement of Authorized Person
  • Digital Corporate Seal
 
  • Apostille
  • Certified Copy of Certificate of Incorporation
  • Notarized Statement of Incorporator
  • Articles of Incorporation (BY-LAWS)
  • Digital Corporate Seal

Hard-copy of documents will be delivered to client’s registered / mailing address without courier fee charged

13. Compare Business Entities in Delaware
  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

+ Hong Kong

1. Can an English company name end with the word

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.

2. How can I renew the business registration of my company?
Offshore Company Corp will help you renew your company business registration (BR) within a working day and will then return the new BR to you via email.
3. How to determine if a company name is the same as another?

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. 

4. What are the minimum requirements for setting up a Hong kong private company?

Anybody can form a Hong Kong company. Basic Hong Kong company formation must include at least:

  • one director (individual)
  • one shareholder (individual or corporate)
  • one secretary company
  • a registered office address in Hong Kong (PO box is not allowed).

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.

5. Which is most popular legal entity in Hong Kong?
Private Company limited by Shares is the most common type of entity.
6. What are the names that are prohibited to use for Hong Kong Company?

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.

7. What are the names that are prohibited to use for Singapore Company?
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.
8. Hong Kong company limited by guarantee (non-profit organisation)

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).

  • Relief of poverty
  • Advancement of education
  • Advancement of religion
  • Other purpose of a charitable nature beneficial to the community and not falling under any of the previous headings
9. The advantages of being an approved charitable institute (ACI)
  • Exempted from tax
    • Exempted from tax on profits if: 
    • the profits are applied solely for charitable purposes; and
  • the profits are not expended substantially outside Hong Kong; and either:
  • the trade or business is exercised in the course of the actual carrying out of the expressed objects of the institution or trust (for example, a religious body might sell religious tracts); or
  • the work in connection with the trade or business is mainly carried on by persons for whose benefit such institution or trust is established (for example, a society for the protection of the blind might arrange for the sale of handicraft work made by the blind).
  • Exempted from the obligation of business registration unless a trade or business is carried on

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).

10. How is the name of offshore company proposed?
Generally speaking, company name should include wordings such as "Limited", "Corporation", or simplified "Ltd.", "Corp." or "Inc.". If the proposed company name is the same as any registered company name, it cannot be registered. Moreover, the company name generally cannot contain "Bank", "Insurance" or other words with similar meaning.
11. Can the name of an offshore company written in Chinese characters?
Yes, in certain countries, for example, in BVI, Cayman Islands, Samoa, Chinese characters can be used as company name.
12. Can an offshore company operate in Hong Kong once registered without declaration to Hong Kong government?
No. Company in any country or region, which conducts business in Hong Kong, shall apply Business Registration Certificate and declare tax. According to Section 11 of Companies Ordinance of Hong Kong, the company should be registered as an offshore company incorporated in Hong Kong.
13. How is the existence and validity of company certified?
After the company is registered, we will deliver the Certificate of Incorporation, steel seal of the company, articles of association and others to clients. In addition, we can also help clients apply for "Certificate of Good Standing" to local government.
14. Are there any special requirements for foreign investors in Hong Kong?
Foreign investors who want to open a Hong Kong offshore company are allowed to have full foreign ownership. However, there are considerations for the individuals who may become company directors and for the company formation in Hong Kong.
15. By what means can a dissolved company be restored to the Companies Register under the new Companies Ordinance?

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.

16. My company has applied for deregistration and I have changed my address. Should I report the change of address to the Companies Registry, and how?
You should notify the Companies Registry, by way of a letter, of any changes in the addresses of the presentor, applicant or the nominated person to facilitate future communication. In addition, if the address of the company's registered office has been changed, you should deliver a Form NR1 to report the change; if the addresses of the directors have been changed, you should deliver a Form ND2B to report the changes.
17. Can any company apply for deregistration?
No. Only a local private company or a local company limited by guarantee, other than those companies specified in section 749(2) of the Companies Ordinance, may apply for deregistration. The company must be a defunct solvent company.
18. Can I open an account without going to Hong Kong?
No, all banks in Hong Kong will request for a personal visit to the bank to have an interview with them.
19. Are all accounts multi-currency?
Yes, with a few minor exceptions, all Hong Kong bank accounts are multi-currency. This means you have just one account number, but when you log in to your internet banking, you’ll see separate balances for each currency. For example you might have some HK dollars, some Singapore dollars, some US dollars, some Euros etc. You can also hold Chinese Yuan Renminbi in your HK multi-currency bank account, and you can also hold virtual ounces of gold.
20. Is an offshore company, i.e. one incorporated outside Hong Kong, liable to pay Hong Kong profits tax?
The Inland Revenue Ordinance (“IRO”) contains no exemption from profits tax for offshore companies. Whether an offshore company is liable to profits tax depends on the nature and extent of its activities in Hong Kong.
21. What are the reporting requirements for an offshore company carrying on a business in Hong Kong?

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.

22. Is it necessary for an offshore company to submit audited accounts when it files its profits tax return?

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.

23. Does any officer of a Hong Kong company need to be resident in Hong Kong?

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.

24. Hong Kong Company (Private/Public) Limited formation - How it works?

How to Setup your Hong Kong Offshore Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Hong Kong Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

25. Can the share capital of a Hong Kong company be denominated in foreign currency?

Yes. But, once the company is incorporated, it is difficult to change the currency of the share capital.

26. Is there any capital duty on issuance of shares?
There is no capital duty on issuance of shares at par value. Capital duty of 0.1% is payable on the amount of premium at which shares are issued above par value (subject to a cap of HK$30,000).
27. If I want to incorporate a company with a specifc name, should I use a shelf company and change the name or should I ask to incorporate a company with the specifc name?
Either is possible unless you need a company to be in existence immediately. Most prefer to incorporate a company with the specifc name. This will take approximately four working days. Similarly, it will take approximately four working days to change the name of a company already in existence.
28. I do not want my details as shareholder and director to appear on the public record. What can I do?

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.

29. What are the continuing compliance requirements of a Hong Kong company? What if I fail to meet those requirements?

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:

  • change of share capital
  • change of directors and/or secretary and/or their
  • personal particulars
  • allotment of shares
  • change of company name
  • alteration of the Memorandum and Articles of Association
  • resignation of auditors
  • change of registered office

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.

30. Is a Hong Kong company required to obtain any business license after incorporation?
Incorporation of companies is governed by the Companies Registry of Hong Kong. However, the nature of the actual business activity could be subjected to control and regulation by other Government authorities and you may require a business licence or permit before you can actually begin business activities. Examples of some of the businesses that require a licence to operate include: travel agencies, restaurants, employment agencies, fund managers, insurance brokers, lawyers, liquor distributors, moneylenders, banks and childcare centres etc. You can apply for a business licence only after you have incorporated your Hong Kong company.
31. Do we need to engage a professional firm to incorporate a Hong Kong company?

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.

32. Does Hong Kong company law make a distinction between a regular director and a nominee director?
No, it does not. As per Hong Kong company incorporation laws, all directors are regarded as the same and are expected to fulfill their duties and responsibilities, fiduciary and otherwise.
33. Is the information regarding directors and shareholders of the company available publicly? What are the reporting requirements for shareholders and directors of a Hong Kong company?
Yes. Information about company officers versus directors, shareholders and company secretary is public information as per Hong Kong company incorporation laws. It is mandatory to file details of the company officers with the Companies Registry when you incorporate a Hong Kong company. If you wish to maintain confidentiality you can appoint a nominee shareholder and nominee director from your corporate service provider.
34. Are corporate directors and shareholders permitted?
Corporate director is restricted. It is required to have at least one individual director. Shareholders can either be natural persons or body corporates.
35. Can a Hong Kong company hire/ recruit foreign employees?

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:

  • Those with a degree or higher qualification in a full-time and locally accredited programme in Hong Kong (referred to as non-local graduates)
  • Those with foreign education but possess special skills, knowledge or experience of value to and not readily available in Hong Kong
  • Chinese residents who possess special skills, knowledge or experience of value to and not readily available in Hong Kong.
  • Note that the company must be incorporated first before an employment visa application can be filed.
36. Are Hong Kong companies required to file annual accounts?
As per Hong Kong company formation laws, every company formed in Hong Kong, unless specifically exempted, must file its audited accounts with the Inland Revenue Department of Hong Kong along with its profits tax return on an annual basis. The auditor must be a member of the Hong Kong Society of Accountants and must hold a practicing certificate. There is no requirement to file accounts with the Companies Registry.
37. Is there a stamp duty for allotment or transfer of shares for a Hong Kong company?

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: 

  • No Stamp Duty is payable on the allotment of shares.
  • Stamp Duty is payable on the transfer of shares as below.
38. Is a Hong Kong company required to have an annual turnover?
No. There is no such requirement.
39. Can the name be changed after incorporation of the company?
Yes. It is possible to change the company name any time after its incorporation, by passing a special resolution. A "Notification of Change of Company Name" must be filed with the Companies Registry within 5 days after the passing of the Special Resolution. Once the new name is approved, a Certificate of Change of Name will be issued.
40. How to close/Wining up a Hong Kong company?
Companies can be closed either by "Liquidation/Winding Up" or "De-Registration". Generally, de-registering a company is relatively simple, inexpensive and a quicker procedure when compared to winding-up or liquidation. However, there are certain conditions that the company has to satisfy if it wants to be de-registered. The process usually takes up to 5-7 months, depending on the complexities involved. Winding up a company is a lengthy, expensive and time consuming procedure.

+ Singapore

1. Singapore Offshore Company Formation - How it works?

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.

How to Setup your Singapore Offshore Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Singapore Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

2. What is the required documents for incorporation of a company Singapore?

Director/Shareholder's Passport(s)

Director/Shareholder's Residential Address Proof(s) (for example: Electricity/Water/Phone bill...not older than 03 months)

3. Does a Singapore company require a local resident director?

Yes, a Singapore company is required to have at least one local resident director. In order to qualify as locally resident, the person must:

  • be a Singapore citizen; or
  • be a Singapore permanent resident; or
  • hold an Employment Pass (the Employment Pass should be from the same company for which he/she wants to act as a director); or
  • hold an Entrepreneur Pass (the Entrepreneur Pass must be from the same company for which he/she wants to act as a director).

A director must be a natural person and over 18 years old. Corporate directors are not permitted.

4. How long will it take for incorporation process?

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.

5. Can a foreign individual or a foreign company be 100% shareholder of a Singapore company?

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.

6. Do I need a registered address in Singapore for my company?

Yes, all Singapore companies must have a Singapore registered address

7. How can a foreigner apply for a Business/ Company if he does not have a SingPass?

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).

8. What is the minimum amount of paid-up capital?

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

9. Do I need to be present for the incorporation process?

We can support the whole process online.

10. What are the differences between the various Singapore entity types?
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.
11. What are the key requirements for setting up a Singapore company?
  • A company needs to have at least one shareholder who can be a local or foreign individual or company.
  • At least one of the directors must be a natural person, above the age of eighteen years old, and a resident of Singapore.
  • A shareholder who is a natural person can also be a director of the company.
  • A qualified company secretary has to be appointed. The secretary must be a resident of Singapore.
  • Company must have a physical, local address in Singapore.
  • The company must have a paid up capital of at least $1.

 

12. What is role and scope of local director service?

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:

  • If you are not relocating to Singapore, you will need our local director service on an annual basis.
  • If you are applying for employment pass, you will need our local director service on a temporary basis. Once your employment pass is approved and you have local residential address, you will be able to take over as the local director.

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.

  • We will appoint one of our team members as the local director for your company
  • The service is offered for statutory compliance only. The local director will not be involved in any management, financial, or operational matters of the company. You must appoint one or more other individuals (who can be foreign individual(s) including yourself) as the executive directors who will be responsible for running the company.
  • In addition to our local director fee, we also collect a refundable security deposit for the provision of our local director service. The security deposit is collected to safeguard the interests of local director.
  • You can ask our local director to resign at any time by identifying another person who will be acting as the local director. We will refund the security deposit within 5 working days after the change has been affected with ACRA.
  • You are required to engage our Registered Address, Accounting & Corporate Tax Filing service unless otherwise approved by our compliance team.
  • You are required to provide copies of your company's bank and financial statements on a monthly basis.
  • The bank account must be with a bank that's on our list of approved banks (OCBC, UOB, DBS, Citibank, HSBC). Click here for more information.

Note that a higher local director or security deposit fee may apply if your company falls under any of the following:

  • The annual turnover of the company exceeds S$1 million.
  • The company has external debt.
  • The company has a bank account with a bank that is not on our list of approved banks.
13. What banks can I open the corporate account with in Singapore?

Yes, once company get done, we will go on supporting to open bank account in some the following banks:

OCBC, DBS, MayBank, UOB 

14. What is Resident Director Role?
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
15. Can I open a multi-currency bank account in Singapore?

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.

16. Are details of directors and shareholders public information in Singapore?
Yes, directors and shareholders information is public information in Singapore. It's listed in the company's business profile extract available for purchase from Registrar of Companies. If for certain privacy reasons you would like to stay anonymous, please contact us for a further discussion.
17. Do I need to be present in Singapore to open a corporate bank account?

All banks in Singapore require clients’ personal visit, so your presence is required

18. Are we required to visit Singapore to register our company?
No, you are not required to visit Singapore to incorporate your subsidiary company. We can work with you via emails and document couriering in order to get the necessary work done. However for the bank account opening, all banks in Singapore require an interview with the stakeholders and the process can go a lot smoother if there is a face-to-face meeting between you and the bank officer, otherwise we can support open bank account in other countries remotely.
19. How much for initial deposit of corporate account in Singapore?

Each bank has its own different regulations, It depends on which bank you choose and which package you are interested in

20. Do you have to pay income tax in Singapore ?

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.

21. Is having a local director necessary for a Singapore company?

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.

22. What is a dormant company?

A company is considered dormant during a period in which no accounting transaction occurs.

23. My company was dormant in the last financial year. What is my obligation with respect to filing audited accounts?

A dormant company does not need to have its accounts audited and can file unaudited accounts.

24. My company was dormant in the last financial year. Do I still need to hold an AGM (Annual General Meeting) ?

Even if a company was dormant, it is mandatory to hold AGM and file Annual Return.

+ United Kingdom

1. When should the annual return be delivered?

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.

2. How to file your UK Private Limited Company Tax Return?

You’ll need to provide:

  • Your limited company’s statutory accounts
  • The accounts required by your unincorporated association’s rules
  • Director’s loans (money owed to your business) that weren’t repaid by the end of the accounting period
  • Profit from selling assets (‘chargeable gains’)
  • Reliefs you’re claiming
  • Capital allowances you’re claiming for business assets
  • Losses you’re claiming

After the end of its financial year, your private limited company must prepare:

  • Full (‘statutory’) annual accounts
  • A Company Tax Return
3. What are the minimum requirements for setting up a UK Private Limited Company?

A basic UK Private Limited Company (LTD) must include at least:

  • one director (individual)
  • one shareholder (individual or corporate)
  • a registered office address in the UK (PO box is not allowed).

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.

4. Do I need to reside in the UK to have a company?

You do not need to be a UK individual to have a limited company. A foreigner can have 100% ownership of the UK company.

5. United Kingdom (UK) Private Limited (LTD) or Limited Liability Partnership (LLP) Company - How it works?

How to Setup your UK Offshore Company Formation?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official UK Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

6. What is a business secretary?

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.

7. What are the main differences of LLPs between limited companies?
Private Limited by Shares LLP
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.
8. What is difference Virtual Office address and Registration Address Services with my company?

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.

9. If I do not want my name shows up, how can I do that?

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.

10. What are the main differences & tax liabilities of LLPs between limited companies?

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:

  • capital investment opportunities;
  • flexibility of internal structure and members’ rights; and
  • the allocation and taxation of business profits.

The main differences between a limited company and an LLP

  • A limited company can be registered, owned and managed by just one individual – a sole person acting as both the director and shareholder (or guarantor). A minimum of two members are required to set up an LLP. However, one way around this is to set up a dormant limited company as the second LLP member.
  • 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.
  • It is easier to change the internal management structure and distribution of profits in an LLP.
  • A limited company can be operated as a non-profit business. An LLP must be set up with the intention of making a profit.

Different tax liabilities of LLPs and limited companies

Limited company tax liability

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.

LLP tax liability

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.

  • Limited liability protection
  • Corporate status with unlimited capacity
  • The ability of members to not only operate but also be taxed as a partnership

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.

11. How long does it take to get VAT and tax number for the UK company?

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.

12. Timeframe and minimum requirements for setting up a UK Private Limited Company/ LLPs?

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:

  • Passport of each shareholder/beneficial owner and director
  • Proof of residential address of each director and shareholder (Must be in English or certified translation version)
  • A SIC which has the closest description to your business activity
13. What are the business activities that I am allowed to register with The Companies House?

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)

14. What happens if I provide the wrong SIC code for my limited company?

You will just inform Offshore Company Corp who is the Secretary company to update the SIC for your company.

15. Why should I use Offshore Company Corp to form my UK company but not other provider who has lower fee?

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.

16. After finish registration, what will I get?

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

17. When should the annual return be delivered?

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.

18. My company is inactive-- do I still need to pay corporation tax as well as submit an income tax return?

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.

19. How do I shut my business?

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.

+ Malta

1. EU Compliant Tax Regime

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.

2. Malta Private Limited Liability Companies Can Be Used For What ?

This type of company can be used for:

  • VAT Registration
  • Asset Management and Holding
  • International Trading Activities
  • Ronaldsway Freeport Access
  • E-commerce Services
  • Aircraft Registration
  • Marine Registration
3. What are the benefits of a Malta private limited company?
  • No withholding of tax generally levied on outbound dividends, interest or royalties
  • No tax on capital gains generally levied on a disposal of shares in a Malta company
  • Absence of CFC legislation, thin capitalisation or transfer-pricing rules
  • No exit or entry taxes upon a shift of domicile or residence to or from Malta
  • No wealth or capital taxes
  • Competitive fees for company formation and administration
  • Low capital requirements
  • Strong legal system based on English common law and continental civil law
  • Access to the EU Parent-Subsidiary Directive and EU Interest and Royalty Directive (no withholding taxes are due on dividend, interest and royalty payments made from companies resident in other EU countries to a Malta company)
  • Internet Gaming licences available
  • Excellent Yacht Registry and VAT solutions available
4. Corporate vehicles

Malta offers various forms of partnerships and limited liability companies:

  • Public (plc);
  • Private (Ltd). Partnerships
  • en commandite the capital of which is divided into shares
  • en commandite the capital of which is not divided into shares;
  • en nom collectif
5. Company Law Aspects

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.

6. Company Tax System

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:

  • income or gains are derived from an investment which qualifies as a Participating Holding; or
  • in the case of dividend income, where such Participating Holding falls within the safe harbours or satisfies the anti-abuse provisions.

The 5/7ths refund

There are two cases where a 5/7 refund is given:

  • when the income received is passive interest or royalties; or
  • in cases of income arising from a participating holding which does not fall within the safe harbours or satisfy the anti-abuse provisions.

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%.

7. Effective system for relief of double taxation for companies

Malta companies may benefit from:

  • Unilateral relief, including credit system for relief of underlying tax
  • Double Tax Treaty Network
  • Flat Rate Foreign Tax Credit system (FRFTC)

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:

  • that the income arose overseas;
  • that the income suffered foreign tax; and
  • the amount of foreign tax suffered.

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:

  • a company holds directly a minimum of 5% of the equity shares of a company whose capital is completely or partly divided into shares, which holding confers an entitlement to at least 5% of any two of the following (“Equity holding rights”)
    • right to vote;
    • profits available for distribution; and
    • assets available for distribution on a winding up; or
  • a company is an equity shareholder in a company, therefore it is entitled to call for and acquire the entire balance of the equity shares not held by that equity shareholder company to the extent permitted by the law of the country in which the equity shares are held; or
  • a company is an equity shareholder in a company, therefore it is entitled to first refusal in the event of the proposed disposal, redemption, or cancellation of all the equity shares of that company not held by that equity shareholder company; or
  • a company is an equity shareholder in a company and is entitled to either sit on the Board or appoint a person to sit on the Board of that company as a director; or
  • a company is an equity shareholder which holds an investment representing a minimum total value of €1,164,000 or its equivalent in a foreign currency, as on the date or dates on which it was acquired, in a company and that holding in a company must be held for an interrupted period of a minimum of 183 days; or
  • a company is an equity shareholder in a company and where the holding of such shares is for the furtherance of its own business and the holding is not held as trading stock for the purpose of trade.
    Equity shares deal with the holding of the share capital in a company which is not a property company and which entitles the shareholder to at least any two of the following three years: the right to vote, the right to profits available for distribution to shareholders and the right to assets available for distribution on a winding up of the company.

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:

  • it is resident or incorporated in the EU;
  • it is subject to any foreign tax at a rate of at least 15%; or
  • less than 50% of its income is derived from passive interest or royalties.

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:

  • the equity shares held in the non-resident company must not represent a portfolio investment; and
  • the non-resident company or its passive interest or royalties have been subject to tax at a rate which is not less than 5%

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.

8. No other taxes
  • There are no withholding taxes on the distribution of dividends to shareholders;
  • No taxes or restrictions on the distribution of the dividends from the Malta company;
  • Tax is paid and refund is received in same currency of company’s share capital.
  • No withholding taxes on interest and royalties to non-residents;
  • No capital duties;
  • No wealth taxes;
9. Advance tax rulings

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.

10. Compliance with EU Law

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.

11. Double taxation treaties

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

12. Malta Offshore Company Formation - How it works ?

How to Setup your Malta Offshore Company?

Step 1Malta 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.

Step 2 You settle the payment for Our Service fee and official Malta Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

+ Switzerland

1. Switzerland Offshore Company Formation - How it works?

How to Setup your Switzerland Offshore Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Switzerland Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

2. What are the most frequent legal forms?

The most frequent legal forms are:

  • The Limited Liability Company in Switzerland (GmbH or S.A.R.L.) is usually formed by investors who open small and medium sized companies which cannot be listed on the Swiss stock exchange. This type of company must have shareholders who are mentioned in the company documents and disclosed in the Commercial Register. A minimum share capital of 20,000 CHF is required to form the S.A.R.L.
  • The Corporation (AG or SA) is suitable for all business needs and its simple requirements for the transfer of shares make it a widely used business form. The shareholders have limited liability and may remain anonymous (unlike for the S.A.R.L.). The corporation requires a larger minimum share capital than the limited liability company (minimum 100,000 CHF with at least 20% paid at the time of the incorporation).
3. How about the Corporate tax in Switzerland?
  • In Switzerland, corporate taxes are levied at two levels: federal level and cantonal/communal level;
  • Federal tax is charged at 8.5% on profit after tax. At cantonal level, profits are taxed at varying rates between 6% to 21%, depending on individual cantons;
  • Consequently, the effective corporate tax is typically between 12% to 24%;
  • Non - resident companies are subjected to corporate tax on income generated in Switzerland if  i). they are partners of a Swiss business ii). have permanent establishments or branches in Switzerland and/or iii). own local property;
  • Switzerland holding companies enjoy tax exemptions at cantonal/communal level, and pay a tax of only 7.8%.
4. When I set up a Company in Switzerland, What are company regulations should I know?
  • All GmbH and publicly listed AG need to publicly disclose its shareholders;
  • Anti -trust laws prevent Swiss resident firms from entering into contracts which form cartels or monopolies; For M&A matters, approval must be obtained;
  • Switzerland mandates the majority of board members of a Swiss AG to either be residents or citizens;
  • A Swiss AG can issue bearer shares only if the entire share capital (US$ 110,000) is fully paid up.  A Switzerland LLC (GmbH) can’t issue bearer shares;
  • Swiss resident firm must ensure that an annual general meeting (AGM) be held within 6 months of the end of the year;
  • Swiss resident firms must pay payroll taxes for foreign employees who do not hold a permanent residence in the country.

+ Offshore

1. What are the minimum requirements for setting up a Belize Offshore Company?

Basic Belize International Business Company (IBC) must include at least:

  • one Director (individual)
  • one Shareholder (individual or corporate)
  • Registered Office Address in Belize (PO box is not allowed)

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.

2. Which is the most popular legal entity in Belize?

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.

 

3. What are the minimum requirements for setting up a BVI Business Company (BC)?
Basic BVI Business Company (BC) must include at least:
  • one Director (individual)
  • one Shareholder (individual or corporate)
  • Registered Office Address in BVI (PO box is not allowed)

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.

4. When should the annual renewals be delivered in BVI?

Under BVI Business Companies Act 2004, there are 2 time frames for BC annual renewal.

  • 31st May next year: company registered in first half of year
  • 30th November next year: company registered in last half of year

Late payment of the Government duties in the British Virgin Islands will result in a:

  • 10% penalty fee if the payment is up to 2 months late
  • 50% penalty fee if the payment is over 2 months late.

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.

5. Which is most popular legal entity in BVI?
Under the BVI Business Companies Act 2004, companies incorporated in BVI are defined Business Company (BC).
BVI BC's 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.
6. What are the minimum requirements for setting up a Cayman Offshore Company?

Basic Cayman Exempted Company must include at least:

  • one Director (individual)
  • one Shareholder (individual or corporate)
  • Registered Office Address in Cayman Island (PO box is not allowed)

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.

7. When should the annual renewal fees be delivered?

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:

  • 33.33% increased if settle between 01st April and 30th June
  • 66.67% increased if settle between 01st July and 30th September
  • 100% increased if settle between 01st October and 31st December
8. Which is the most popular legal entity in Cayman?
Under the Companies Law CAP.22, companies incorporated in Cayman are defined as Exempted Company.

Cayman Exempted Company cannot do business within Cayman Islands, cannot manage business of banking, insurance, mutual funds without licenses. 

9. What are the minimum requirements for setting up a Seychelles Offshore Company?

Basic Seychelles International Business Company (IBC) must include at least:

  • one Director (individual)
  • one Shareholder (individual or corporate)
  • Registered Office Address in Seychelles (PO box is not allowed)

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.

10. When should the annual return be delivered of Seychelles?
The annual licence renewal fee for Seychelles IBCs is due on the day before the company’s incorporation anniversary date.
Penalties are applied as follows: 
  • 10% penalty fee if the payment is not settled before the due date
  • 50% late penalty fee if the payment is over 90 days late

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.

11. Which is most popular legal entity in Seychelles?

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.

12. Saint Vincent and the Grenadines Offshore Company Formation - How it works?

How to Setup your St. Vincent Offshore Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official St. Vincent Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

13. Anguilla Offshore Company - How it works?

How to Setup your Anguilla Offshore Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Anguilla Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

14. Samoa Offshore Company Formation - How it works?

How to Setup your Samoa Offshore Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Samoa Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

15. Bahamas Offshore Company Formation - How it works?

How to Setup your Bahamas Offshore Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Bahamas Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

16. Mauritius Offshore Company Formation - How it works?

How to Setup your Mauritius Offshore Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Mauritius Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

17. Panama Offshore Company Formation - How it works?

How to Setup your Panama Corporation Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Panama Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

18. Marshall Islands Offshore Company Formation - How it works?

How to Setup your Marshall Offshore Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Marshall Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

19. Jersey Offshore Company Formation - How it works?

How to Setup your Jersey Limited Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Jersey Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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.

Step 4 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.

20. Gibraltar Offshore Company Formation - How it works?

How to Setup your Gibraltar Limited Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Gibraltar Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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.

Step 4 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!

+ Netherlands

1. What does a Dutch Besloten Vennotschap mean?
The Netherlands offers two options for registering a company with limited liability (LLC) of the shareholders: a public LLC or Naamloze Venootschap abbreviated as NV, and a private LLC, Besloten Vennootschap, abbreviated as BV. Both the NV and the BV represent separate legal entities.
2. Are there any other differences between BVs and NVs, besides that one of them is private and the other public?

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:

  • a) Bearer shares can be issued only by NVs.
  • b) Only NVs are allowed to list shares on the Exchange Market.
  • c) The minimum share capital that needs to be issued and deposited for NVs is 45 000 EUR. No minimum requirement is set for BVs.
  • d) NVs can buy back one tenth of the issued share capital while BVs can buy back the whole capital, on the condition that a single share giving the right to vote is owned by another party.
3. Are the applications for BV registration subject to approval by the government?
According to the current Dutch legislation, no approval from the government is required for the official formation of a private LLC.
4. Are there any requirements regarding BV structure?
Dutch LLCs need to have a minimum of one Managing Director and a Shareholder. The assignment of Supervisors representing the Shareholders in the Managing Board of the company is optional.
5. What role does the Managing Director play?
The Director of a company with limited liability established in the Netherlands does not have to be a national or a resident of the country. Even other corporations can perform the functions of Managing Directors. The Managing Board (composed of a minimum of one Director) deals with the administration and management of the LLC, its daily routine and business operations. The Managing Board represents the LLC. In case the Board includes several members, the Articles / Memorandum of Association (AoA / MoA) must specify whether the Dutch LLC can be represented individually by each member, or joint action is required. Regardless of the distribution of obligations and tasks among the Directors, each of them can, generally, be held personally liable with regard to the company’s debts.
6. What are the functions of the Supervisory Directors, if relevant?

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.

7. Does the incorporation of BV require the existence of Shareholders?
Yes, at least one Shareholder is needed to establish a BV. The Shareholder is the actual owner of the company.
8. What does the Incorporation Deed represent?

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:

  • Company name;
  • Registered office,
  • Purpose and range of activities;
  • Amount of authorized capital, stated value and share class;
  • Financial year;
  • Managing directors’ authority;
  • Appointment of a Board of Supervisors;
  • Any limitation on the transfer and issue of shares;
  • Other relevant rules with respect to organization of meetings and adoption of resolutions. The Incorporation Deed can be executed only when certified by the Latin Notary.
9. Are information of BVI public records?

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.

10. Who carries the liability with respect to the operations of the private LLC?

Tha Managers and Supervisors are personally liable, either to the LLC or third parties, in any of the cases listed below:

  • accounting errors;
  • forced liquidation;
  • losses;
  • lack of compliance with the company’s internal provisions;
  • non-payment of taxes.
11. Is there a minimum capital required in order to incorporate a BV?
In the beginning of October, 2012, a new Act on BVs was adopted in the Netherlands abolishing the requirement for minimum capital of 18 000 EUR. The waiver of this requirement means there is no need to present a bank statement during the procedure of incorporation. The new flexible legislation brings the obvious benefit of allowing entrepreneurs to establish Dutch LLCs without the need to sacrifice limited resources at the start of their new ventures
12. Why should I incorporate a Dutch BV?

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.

13. What are the other advantages provided by the new and flexible Act on BVs?
Another main benefit, that might prove to be even more significant than the previous one, is the flexible procedure for issue of shares. Now voting and distribution of rights related to profit are optional. Therefore the private LLC can manage more efficiently its Shareholders’ interests and general social objectives. Shares can be separated into classes, depending on the rights and the level of the Shareholders. In addition, the BV Act allows the denomination of shares in currencies different from the Euro, which was restricted under the prior regulations. Other important characteristics of the new legislation are highlighted below.
14. Is the new BV Act applicable to all BVs in the Netherlands or to those registered after its entry into force?
The new Act is relevant for both newly established and existing BVs, so it covers and includes all private LLCs in the Netherlands. Existing BVs may find it appropriate to amend their AoA in order to take advantage of all options provided by the new legislation.
15. In summary, what does the new Act provide for?

In summary the new Act on BVs adopts the changes listed below (among others):

  • waiver of the requirement for a minimum capital of 18 000 EUR;
  • waiver of the requirement for a bank / auditor statement;
  • it is sufficient to have a single share giving voting rights owned by another party;
  • denomination of share capital in different currencies is allowed;
  • no mandatory restrictions on share transfer in the AoA;
  • more flexibility in distribution of voting / profit rights by means of shares;
16. Taxation of a Dutch BV

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:

  • at a 20% rate for companies that obtain profits up to EUR 200,000;
  • at a 25% rate for the amounts over EUR 200,000.

For more details about taxation of a Dutch BV, you may contact our local specialists in company formation.

  • no restriction in providing securities of loans to third parties willing to acquire BV shares;
  • Shareholders are free to adopt resolutions without holding a special meeting and have the right to directly dismiss or appoint Directors (one or more).
  • there is a possibility include the details of an Agreement between the Shareholders in the AoA of a private LLC.
  • the Managing Board of the BV must approve the profit distribution among the Shareholders.
17. What is the procedure for BV incorporation?

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.

18. How is the BV included in the Commercial Registry?

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.

19. What are the requirements regarding the purpose and range of activities of a private Dutch LLC?
The range of activities of a private LLC is not subject to any restrictions, if they do not contradict the general ethics or the provisions of the law in the Netherlands. The purposes of the BV are also included in the Registry at the Chamber of Commerce. Some activities in the country require the issue of a license.
20. Is a BV eligible to own assets?
The BV is a legal entity and therefore it can own assets.
21. What is the procedure for amendment of corporate documents of private LLCs?
The Articles of Association can be fully or partially amended by holding a general meeting of the Shareholders. Any amendments enter into force upon the execution of an Amendment Deed before a notary and must be drafted in Dutch. Rights of third parties (that do not act in the capacity of Shareholders) granted by virtue of the Incorporation Deed can be amended only with the consent of the third parties.
22. Do BVs pay corporate tax?
Yes. In the Netherlands LLCs are taxed with respect to their income generated worldwide. The current rate of corporate tax is 20 – 25%. Dividends from interests qualifying for exemption (the so called “participation exemption”) are not taxable as corporate income. The exemption is granted due to the assumption that the proceeds from profits already taxed as corporate income.
23. Are private LLCs subject to a withholding tax on royalties, interest and dividends?

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.

24. What are the accounting requirements for private Dutch LLCs?

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.

25. Are Dutch LLCs obliged to hold Yearly General Meetings (YGM)?
Yes. All BVs are obliged to hold a YGM once per calendar year. The agenda of the YGM of the Shareholders includes the adoption of the yearly report that will be submitted at the Commercial Registry.
26. What advantages does a BV offer?
Dutch LLCs are often preferred in terms of tax planning as intermediate finance and / or holding entities. The possibility for participation exemption in combination with the numerous tax treaties signed by the country allows entrepreneurs to save on taxes on distributions of profit by investments that are owned by shareholders of the LLC that do not reside in the Netherlands.

+ United Arab Emirates (UAE)

1. What type of company in RAK?

The type of the company in RAK is International Business Company (IBC)

  • IBC refers to International Business Company
  • It is a company which does not conduct substantial business in its country of incorporation.
  • It is formulated in a tax free jurisdiction.
  • It legally minimizes any type of tax burdens.
  • It improves one's wealth management
2. Is there any requirement/regulations governing availability of names for the RAK Offshore companies?
RAK Offshore International Business Companies (IBC) must use the suffix Limited or Ltd. to denote limited liability.
3. What is the minimum paid up for the capital of company in RAK
The usual authorized capital of RAK company is 1,000 AED. But there is no minium paid up for the company
4. Is it possible to hold 100% share by a foreigner?
It is possibe. A foreigner can own 100% share of the company
5. How do I remain anonymous with RAK company?
All information, documents are strictly kept confidential. No one can find the company information online. Furthermore, we have nominee services which can help to keep your name out of all the paperwork.
6. How much corporation tax do I have to pay?
Rak Offshore IBC doesn’t pay taxes on profit and capital gains, No value-added tax, No withholding tax.
7. What a RAK Offshore company may and may not do?

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.

8. What are the main activities that a RAK Offshore company can hold inside and outside UAE?

Inside UAE

  • Holding Assets
  • Holding Bank Account
  • Property Owning (Freehold Areas)

Outside UAE

What are the main activities that a RAK Offshore company can hold Outside UAE?

  • General Trading
  • Consulting and Advisory Services
  • Holding Company
  • Property Owning
  • International business services
  • Professional Services
  • Shipping and ship management companies
9. How long it takes to set up a RAK Offshore company?
Usually It takes 2 working day to set up
10. What are the required documents to open a RAK Offshore company?

For RAK Incorporation, Offshore Company Corp requires to have:

  • Copy of Notarized Passport;
  • Bank Reference Letter - original required;
  • Copy of Notarized Proof of residence in Englih (Utility bill) and the issued date must not later than 3 months.
  • Notarized Spicemen Signature
  • CV/ Resume
11. After finish registration, what will I get?

After the company is formed, we will send you soft documents via email. After that, we will courier the hard document to you:

  • Certificate of Incorporation
  • Memorandum of Association (M&A)
  • Resolution appointing officers
  • Registered Office
  • Registered Agent
12. May I name my company as Corporation or Corp or Inc?
RAK Offshore International Business Companies (IBC) must use the suffix Limited or Ltd. to denote limited liability.
13. Are bearer shares allowed?
No, the bearer shares are not allowed in RAK IBC
14. Do I have to do accounting and auditing for RAK IBC?
No annual reports or accounts need to be filed. Accounts must be audited and accounts must be distributed to shareholders (but NOT filed with the authorities)
15. Ras Al Khaimah International Business Company - How it works?

How it works?

Ras Al Khaimah and Dubai International Business Company is for Offshore Company Status.

  • 100% foreign ownership, complete confidentiality
  • Possibility of business address, bank account in Dubai
  • A tax free and business friendly environment

RAK / Dubai IBC is perfect for

  • Holding Company
  • Advisory and Consulting Services
  • Financial Services Company
  • Investments and Joint Investments Company
  • Intellectual property
  • International Trading (outside of UAE)

Step 1 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:

  1. Valid Passport
  2. Proof of Residential Address

After checking the documents, we will send you a proforma invoice for our service fees.

Step 2 Making Payment for your Order

We accept payments by Credit/Debit Card Visa Master American, Paypal Paypal or Wire Transfer to our bank accounts HSBC bank(we support multiple currencies with many banks around the world) (Payment Guidelines).

Step 3 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).

Step 3Confidently 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.).

16. What is the due date of RAK IBC?
The renewal date of RAK IBC is the anniversary date
17. If I want to increase the share capital later, how can I do that?

As the requirement from the Registry, We will prepare the following forms and let you to sign it:

  • Shareholder’s resolution mentioning the increase of share capital.
  • 3 set of the Amendment to the MOA’s form signed by the shareholder
  • You need to courier the original MOA to the authority for the amendment
18. After set up a new company, I want to have some additional documents such as Certificate of Incumbency, Certificate of Good Standing. What should I do?

We, the registered agent, can help you to issue those additional documents

  • Certificate of Incumbency
  • Certificate of Good Standing
  • Any additional documents

+ Cyprus

1. What are the benefits of incorporating in Cyprus?

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.

2. What is the procedure of incorporating in Cyprus?
Before any other steps are taken, the Registrar of Companies must be approached to approve whether the name by which the company is proposed to be incorporated is acceptable. After the name is approved, the necessary documentation needs to be prepared and filed. Such documents are the articles of incorporation and memorandum of association, registered address, directors and secretary.
3. What are “corporate documents”?

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:

  • Certificate of Incorporation
  • Memorandum of Association
  • Articles of Association
  • A share certificate
4. What is the Memorandum and Articles of Association?

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).

 

5. What are the share capital requirements?
There is no legal requirement as to the minimum or maximum share capital of the company.
6. What is the minimum number of directors and shareholders, and who can be one?
Under Cyprus Law, every company limited by shared must have a minimum of one director, one secretary and one shareholder. From a tax planning point of view, it is often required that the company is shown to be managed and controlled in Cyprus and, accordingly, it is recommended that the majority of the directors appointed are Cyprus residents.
7. What information is required for each shareholder and /or beneficial owner and director?

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.

  • Scan in color of notarized valid Passport
  • Scan of notarized Proof of Personal Address
  • Bank Reference Letter
  • CV

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

8. What is a registered office?
Every company must have a registered office from the day it commences business or within 14 days after its incorporation, whichever is earlier. The registered office is the place where writs, summonses, notices, orders and other official documents can be served upon the company. It is at the registered office where the company’s register of members is kept, unless the company informs the Registrar of Companies of another place.
9. Do we need to have an office in Cyprus to set up the company?

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

10. How long does it take to register a company in Cyprus?
It usually can take up to 10 working days to establish a new company in Cyprus. If time is of high importance, there are shelf companies available.
11. What is a shelf company?
Shelf companies are already registered companies with no prior activity. Shelf companies have a past incorporation date and an existing registration number and can be easily transferred to a client within one working day, which gives the advantage of time for urgent situations.
12. Can you open a bank account for a Cyprus company?
Yes, we can. Most of case, we support client to open an account with Bank of Cyprus in Cyprus. However, you still have many choice in other jurisdictions.
13. Can we have a corporate shareholder/Director?
Yes. Certified Company Documents and Personal Documents of Director/Shareholder of this company (as #7) are required.
14. Can the company issue the Bear Share?

No

15. Can I have Visa to stay and work in Cyprus?
The company does not help you get a Cypriot Visa. You must apply for it through the Immigration Department or Cypriot Embassy in your residence country.
16. What is the minimum capital for Company in Cyprus.
There are no mandatory requirements for a minimum share capital for a private limited liability company. Although the registered capital is not required to be paid up, our company registration experts in Cyprus recommend that you do deposit an initial capital for your company of approximately 1,000 EUR. The public limited liability company required no less than 25,630 EUR as minimum share capital.
17. Cyrus Company Limited formation - How it works?

How to Setup your Cyprus Offshore Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Cyrus Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

18. What are the types of companies that can be incorporated in Cyprus?
The types of companies in Cyprus are: private and public limited companies, partnership, sole proprietorships or branches of foreign companies. Please contact Our experts to help you understand the particularities of each business type.

+ Cayman Islands

1. How long will it take to incorporate an exempted company?
After fulfilling the requirements of The Compliance. An exempted company is incorporated upon filing incorporation documents with the Registrar of Companies. A Certificate of Incorporation will be issued by the Registrar of Companies within 4-6 working days after filing.
2. What is the advantage of registering in Cayman as opposed to another jurisdiction, for example BVI/Belize/Seychelles
The Cayman Islands has an edge in terms of industry perception. There is a wealth of experience among local professional firms. The maturity of the jurisdiction is such that you are guaranteed find the skill and know-how for most financial business operations.
3. What are the requirements for Knowing-Your-Customers (KYC) documents?

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:

  • A passport or utility bill can be certified by a lawyer, or notarized by Notary Public.
  • A recent English utility bill issued within the last 3 months or a bank statement are acceptable as address proof. If It's not in English, a certified translation will be required
  • A reference letter can be issued by a professional (such as a lawyer, a CPA, a banker) The referee must have known the person who is the subject of the reference for at least two (2) years.
4. Will the information of the company will be publicized?
The information of Beneficial Owner of the company must be disclosed to The Registrar but it definitely not be published. There is no person can find your confidential information.
5. Is Cayman Islands a tax free country?
The Cayman Island operate an alternative tax regime. There is no income tax, company or corporation tax, inheritance tax, capital gains or gift tax in the Cayman Islands.
6. Does such a company need to have local directors or shareholders?
It is not necessary to have local directors and shareholders for setting up a Cayman Islands exempted company. The entity should have at least one director in the company
7. Any requirements about accounting and auditing for Cayman Islands company?
Annual returns should be filed yearly in the Cayman Islands. However, there is no requirement for corporations to submit financial records when filing annual returns. However, there is no requirement for corporations to submit financial records when filing annual returns.
8. Do I have to pay the share capital to set up a company?
The usual authorized share capital is US$ 50000 with par value US$ 1. There is no minimum paid up required to set up the company.
9. When I need to pay the annual fee for Cayman Islands company?
The renewal date of Cayman Islands company is 31 December
10. How much time it takes to close an exempted company in the Cayman Islands
A simple company termination can last two to three days to be completed.
11. Cayman Islands Offshore Company Formation - How it works?

How to Setup your Cayman Offshore Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Cayman Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

+ Seychelles

1. What types of company will be set up?
International Business Companies are the companies incorporated under International Companies Act 2016 (Seychelles). The type of companies coulbe Private Limited by Shares (Pte Ltd) or Limited Liability Company (LLC).
2. Time frame and quotation of the incorporation process?

 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:
  • Scan in Color of Passport
  • Scan of Address Proof in English (Utility Bill, Bank Statement,...)
 

 

3. What is the cost of registering an IBC?
The fee for the registration of an IBC having an authorised share capital up to US$1,000, 000 is US$250 Government fee plus US$439 our professional service fee. Total US$689
4. What are the annual renewal fees?

US$589 including all service fee. The renewal date is the anniversary date of your company.

5. Seychelles Offshore Company Formation - How it works?

How to Setup your Seychelles Offshore Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Seychelles Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

6. What happens if I don't pay the annual IBC renewal fees?
Non-payment of annual renewal fees will make the offshore company lose its status of good standing, the company will also incur severe late penalties and legal consequences. At any time after the due-date of the Government fees, the Registrar of Companies is entitled to strike-off the company from the Registry for non-payment of fees, after giving the Company a 30-day notice.
7. Are there any other taxes payable?
Are there any other taxes payable?
8. Are bearer shares allowed, and are corporate directors allowed?
No. Bearer Shares are not allowed.. Corporate directors are allowed.
9. Can an IBC have only one director and one shareholder?
Yes.
10. What about the filing of accounts?
No accounts need to be filed but accounting records must be maintained.
11. What confidentiality is granted to an IBC?
The information of Beneficial Owner of the IBC must be disclosed to The Registrar but it definitely not be published. There is no person can find your confidential information.
12. Can I set up a company with the Nominee Director and Shareholder?
Yes. Absolutely!
13. Where should the offshore company open a bank account?

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.

  • What are the services available at the particular bank? 
  • What are the costs? 
  • Will your company be able to maintain the minimum required balance or satisfy any other financial requirements for the account? 
  • What are the client acceptance prerequisites at the bank? 
  • Are there any requirements of the bank that may prevent your company from becoming its client? 
  • Is the bank in Your time zone or the time zone of your clients to be able to contact it at the time you need? 
  • Do they speak Your language? 
  • What is the quality of work ethics in the particular bank or in the jurisdiction of the bank in general as this may result in good service, quick and accurate work or, on the contrary, delays, mistakes and poor attitude. 

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.

14. What is the timeframe for an offshore bank account opening?

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

15. If I use a nominee director, how can I control and operate the bank account?

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.

+ Belize

1. What types of company will be set up?
International Business Companies are the companies incorporated under International Companies Act 2011 (Belize). The type of companies coulbe Private Limited by Shares (Pte Ltd) or Limited Liability Company (LLC).
2. Time frame and quotation of the incorporation process?

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:

  • Scan in Color of Passport
  • Scan of Address Proof in English (Utility Bill, Bank Statement,...)
3. What is the cost of registering an IBC?

The fee for the registration of an IBC having an authorised share capital up to US$ 50, 000 is US$350 Government fee plus US$510 our professional service fee. Total US$860.

4. What are the annual renewal fees?

US$799 including all service fee. The renewal date is on 2nd Jan.

5. What happens if I don't pay the annual IBC renewal fees?
Non-payment of annual renewal fees will make the offshore company lose its status of good standing, the company will also incur severe late penalties and legal consequences. At any time after the due-date of the Government fees, the Registrar of Companies is entitled to strike-off the company from the Registry for non-payment of fees, after giving the Company a 30-day notice.
6. Are there any other taxes payable?
No. All IBCs are subject to zero taxation in Belize.
7. Are bearer shares allowed, and are corporate directors allowed?

No. Bearer Shares are not allowed.. Corporate directors are allowed.

8. Belize Offshore Company Formation - How it works?

How to Setup your Belize Offshore Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Belize Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

9. Can an IBC have only one director and one shareholder?
Yes.
10. What about the filing of accounts?
No accounts need to be filed but accounting records must be maintained.
11. What confidentiality is granted to an IBC?
The information of Beneficial Owner of the IBC must be disclosed to The Registrar but it definitely not be published. There is no person can find your confidential information.
12. Can I set up a company with the Nominee Director and Shareholder?
Yes. Absolutely!
13. Where should the offshore company open a bank account?

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.

  • What are the services available at the particular bank? 
  • What are the costs? 
  • Will your company be able to maintain the minimum required balance or satisfy any other financial requirements for the account? 
  • What are the client acceptance prerequisites at the bank? 
  • Are there any requirements of the bank that may prevent your company from becoming its client? 
  • Is the bank in Your time zone or the time zone of your clients to be able to contact it at the time you need? 
  • Do they speak Your language? 
  • What is the quality of work ethics in the particular bank or in the jurisdiction of the bank in general as this may result in good service, quick and accurate work or, on the contrary, delays, mistakes and poor attitude. 

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.

14. What is the timeframe for an offshore bank account opening?

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

15. If I use a nominee director, how can I control and operate the bank account?

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.

+ British Virgin Islands

1. When should arrange for the annual renewal of BVI company after it is incorporated?
BVI company incorporated in or before June should be renewed before 31 May each year to ensure its legal status and recognition. Whereas BVI company incorporated in July to December can be renewed before 30/ Nov each year
2. Is there any other compliance rule for BVI company?
Basically, except for the annual renewal of the BVI company, the company is not required to submit any other form of annual return or financial statements to the BVI government, thus, this has greatly increase the simplicity of managing a BVI company.
3. What are the annual renewal fees?
The annual renewal fees are the annually recurring government and professional fees that You would pay in order to continue and maintain Your offshore company in good legal standing as per the laws of the state of registration, for as long as the company continues operations. In a way, You can compare these fees to taxes and the administrative overhead, only in the case of an offshore company the figures would probably be much less
4. Does the company have to file accounts or a financial statement?
There is no requirement to file accounts or a financial statement
5. Is the company taxed on profit?
A BVI company is exempted from all local taxes
6. Does the company have to maintain books and records in the BVI?
The company does not have to keep records in the BVI. If the company chooses to keep records they can be kept anywhere in the World.
7. What happens if I don't pay the annual renewal fees?
Non-payment of annual renewal fees will make the offshore company lose its status of good standing, the company will also incur severe late penalties and legal consequences.
8. Does BVI company need to file Register of Directors?
It is mandatory for a Register of Directors to be kept at the BVI registered office. There is no need to file the Register of Directors with the Registrar.
9. British Virgin Islands (BVI) Offshore Company Formation - How it works?

How to Setup your BVI Offshore Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official BVI Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

10. Does BVI Company need Registered Office and Registered Agent?
A company shall, at all times, have a registered office and agent in the Virgin Islands.
11. What is BVI FSC’S roles?
The BVI Financial Services Commission is an autonomous regulatory authority responsible for the regulation, supervision and inspection of all the British Virgin Islands financial services including insurance, banking, trustee business, company management, mutual funds business, the registration of companies, limited partnerships and intellectual property
12. Do I need to comply with all regulations of FSC when opening BVI company?
Yes, BVI company formation need to be under all regulations of FSC and BVI Laws, Registered agent will guide you in the first stage and update when there are any changes from these regulations
13. What is penalty fee If I fail to pay renewal fee in due course?

Companies incorporated between January 1st to June 30th-

Fund must be credited to our account for payment to the Registry before 31/ May deadline to avoid penalties below

  • June 1st- July 31st-10% Penalty
  • * August 1st – October 31st – 50% Penalty
  • * November 1st- STRUCK OFF/ 50% Penalty+ Restoration fee $825 (Standard capital)
  • February 1st – RESTORATION FEE USD 1125 (standard capital)

Companies incorporated between July 1st to December 31st 

Fund must be credited to our account for payment to the Registry before October 30th deadline to avoid penalties below

  • * December 1st – January 31st – 10% penalty
  • * February 1st- April 30th – 50% penalty
  • May 1st- STRUCK OFF/50% penalty + RESTORATION FEE $825 (standard capital)
  • August 1st- RESTRORATION FEE USD 1125 (Standard capital)

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 

 

+ Vanuatu

1. Is my physical presence required to Formation Vanuatu Company?
No, To Incorporation Vanuatu you do not requires to visit
2. Do I need Address in Vanuatu to open company and apply bank account?

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.

3. Do I need renewal (Annual Returns) to Vanuatu Company Registry
Every year companies must submit an annual return. If you do not submit an annual return on time you will have to pay late fees. If you fail to submit an annual return for 6 months, your company will be removed from the register. There are no annual return filing dates in December or January due to the holiday season. If your company incorporated in December, then the annual return filing date will be November. If your company incorporated in January, your filing date will be in February.
4. With Vanuatu company, I (Shareholders, Directors) in formation is Disclose or not?
No, Vanuatu offshore company Not Disclosed information of Shareholders or Directors.
5. What is advantages of Vanuatu offshore company?
  • Vanuatu IBCs are tax exempt
  • Domestic taxation is not payable on the net chargeable profits of Exempt and International Companies
  • Vanuatu does not have party in any double taxation treaty with another country
  • It is not required to hold annual general meetings
  • There is no need to file annual returns
  • The international companies may name natural or legal person as directors, and may be of any nationality
  • There are no exchange controls in Vanuatu
6. Vanuatu Offshore Company Formation - How it works?

How to Setup your Vanuatu Offshore Company?

Step 1 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.

Step 2 You settle the payment for Our Service fee and official Vanuatu Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account (Payment Guidelines).

Step 3 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!

About us

We are proud your partner and operate in Leading Company Formation, Financial and Corporate Services Provider where clients need to achieve their objective international market. Our Solution. Your Success.