Business formation is one of the main areas of practice of our Firm. We provide consultations on formation of Trading, Holding, and Investment companies registered in in majority of offshore jurisdictions: Bahamas, Belize, British Anguilla, British Virgin Islands, Commonwealth of Dominica, Hong Kong, Marshall Islands, Mauritius, New Zealand, Republic of Panama, Samoa, St. Kitts & Nevis, St. Lucia, St. Vincent & Grenadines, Seychelles, UAE.
Advantages of using offshore company:
- No restrictions on nationality
- No requirements to disclose ownership
- No restrictions on foreign owned corporations
- No restrictions concerning ownership of shares
- Shares could be suscribed to the Bearer or By Name
- No residence requirements for Directors/Officers
- No paid-in capital requirements
- No Income Tax is paid or reported if the corporation operate outside the jurisdiction
- No exchange controls
- No restrictions on Mergers, Acquisitions or Joint Ventures
- No requirements to file annual Financial Statements
- No requirement to hold annual General Meetings of Shareholders or Directors
- Secrecy and Anonymity
- Total tax exemption on all and any business activity or transaction carried on outside the jurisdiction
- Total business privacy
- Registration takes between 10-20 days depending on the jurisdiction and shelf companies are readily available
- Reasonable Annual Registration and Resident Agent Fees
- The accounting books for the corporation could be kept in any part of the world and in any language
- Amendments can be made to the incorporation documents upon the needs of the corporation
- Established base of bilingual accountants and lawyers specialized in banking, corporate and trust services
- Flexible corporate laws permitting foreign corporations to rotate their domicile or seat between Panama, BVI, Bahamas and other locations.
- While not providing any specific legal or tax counsel, nevertheless for some individuals or companies, offshore companies may offer specific tax advantages over other jurisdictions. Any potential client seeking legal or tax advise should consult with their individual legal or tax advisor