Offshore Company Formation
Offshore Companies are businesses that have been registered, established or incorporated outside of the country of residence. Incorporating offshore is a straight-forward process in all of the popular offshore financial centres and can provide a wide range of benefits to the company and company principal(s). Offshore company registration is undertaken by individuals primarily for the following reasons:
- Privacy
- Asset Protection
- Reduced Tax Liability
- Protection against Law Suits
- Flexible Business Laws
- Ease of Operation
- Confidentiality
EAIM Strategies
There are several levels of offshore company strategy which might be considered. Each has their own associated costs of offshore company incorporation and benefits and need to be weighed up carefully, according to your needs and requirements. The offshore company incorporation section deals with the entire offshore plan, including examples of how they are structured and the reasons for this type of overseas entity.
Top Recommended Jurisdictions
Although there are a wide variety of offshore financial centres and tax havens, EAIM currently recommend the following locations for offshore company formation from the UK.
- Belize - Companies, IBC (International Business Company) and Banking.
Offshore entities located in The Caribbean such as the following:
- Nevis - Stability, Privacy, Confidentiality and Convenience.
- Bahamas - Tax Free, Privacy and Low Fees.
- British Virgin Islands - Maximum Security, Asset Protection, Confidentiality and Privacy.
Offshore jurisdictions also have very different legal systems, which can be used to your financial advantage. For example, if your offshore company is involved in legal action, it is important to know that suing an offshore company is much more difficult than suing a UK / EU registered company. This, in turn, often puts off potential litigants. In the formation of an overseas corporation, you benefit greatly by taking advantage of an offshore company jurisdiction's legal statutes. The money saved by keeping your finances completely discreet and private in turn prevents legal action hence safeguarding your assets from litigation are just a couple of the many reasons for registering offshore.
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Types of Offshore Companies
Offshore Company types offer far greater financial confidentiality and privacy than resident entities, such as Limited Companies or Limited Liability Companies or an international business companies (IBC). There are many offshore jurisdictions that have incredibly favourable laws that the UK and the EU simply cannot offer. These jurisdictions actively compete for international clientele by offering complete confidentiality and protection: privacy of ownership; privacy granted to officers and directors; non-recognition of foreign court judgments.
Incorporating Offshore
In today's increasingly litigious society, the chance of legal action for British business-owners is rapidly becoming a fact of everyday life. You can learn more about how an offshore company formation can help with your asset protection requirements by contacting one of our advisors at EAIM. We register and incorporate thousands of international business entities every year, assisting many individuals with their asset protection and privacy needs and offering support and guidance through all of the offshore company formalities.
Offshore Company Incorporation Costs
As previously mentioned, with any offshore company incorporation there are fees and costs to be paid to the government office within the jurisdiction such as: the license division; compliance division; statutory regulatory agency; and others. In some jurisdictions, the notary, courier and small administration fees are included in the cost of incorporating. The list of offshore company costs, below, represent the total costs of incorporating your overseas entity in the different offshore financial centres.
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Nevis is an immensely popular jurisdiction with many offshore company benefits due to some of the strongest privacy and asset protection statutes in the world, in addition to the ease of set-up and cost effectiveness. To quote a sample, company formation offshore could cost anywhere between £795 / €1,195 in Nevis and £8220 / €12,225 in China depending upon where you are incorporating and the offshore company formation of the business entity(s). These figures are "package" costs which include all of the government filing / registration fees, legal requirements and set-up costs, including incorporation service agent costs.
EAIM has developed very strong relationships with foreign government officials over the last 5 years and we deliver your prepared documents to the government office for recording to enable priority filing for our clients. We employ highly trained professionals in our offices around the globe to ensure the highest possible service to our clients. We personally deal with your incorporation at each stage of the process, no matter which offshore location you choose to incorporate in.