Posted by: Eagle Formations Limited on 01/01/2016

WHAT IS AN OFFSHORE COMPANY

WHAT IS AN OFFSHORE COMPANY

WHAT IS AN OFFSHORE COMPANY

Most normal business people have heard about offshore companies, formations and jurisdictions.

However not many people are aware of what these companies are used for and how they differ from other more common corporate entities.

In this report, we will introduce the key concepts related to offshore companies and outline some of their unique benefits of owning one.

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 is then a company incorporated for the purpose of operating outside the country of its registration and/or the place of residence of its directors, shareholders and beneficial owners. Again, this is typically pursued to realize various financial, legal or tax benefits.

OFFSHORE COMPANY USES:

As most other companies, an offshore company may enter into contracts, open bank accounts, purchase and sell various products and services, own property. A typical offshore entity, also known as an international business company (or an offshore IBC), does not have tax liabilities in its home jurisdiction (however it may have to pay taxes in the jurisdictions the actual business activities are being carried on),

”the rules are changing with government cross border tax agreements, so we suggest you talk to us “ UK 0044” 0701 177 0800” or skype us on flexymoneyworld”.

At the same time, it must also operate outside of the country of incorporation. A typical IBC is simply a corporation with a limited liability. This liability is limited only by company’s shares. Shares are owned by one or more shareholders while the company is managed by director(s). For more information, please visit our site www.eoffshoreformations.com

Offshore incorporations can be carried out in a variety of jurisdictions, including Belize, Seychelles, Panama, BVI and Nevis etc. The main decision criteria are price, reputation of the jurisdiction and time to incorporate. For instance, an offshore BVI company is the most popular among offshore entities, highly regarded by incorporation agents and business owners alike. An alternative would be a Seychelles company, which is the most affordable among popular offshore jurisdictions.

Belize IBC is a prudent balance between price, reputation and proximity to fairly developed banking system of Belize. “We suggest Belize as our recommendation, we offer Belize now for Aciti/Flexmoney users only £499+vat all in with bank account and free registered office “.

An alternative to incorporating in a classical offshore jurisdiction would be to register one’s company in an onshore country with favourable legal and tax benefits. These jurisdictions include Hong Kong, Canada, UK, Gibraltar, some USA states, most prominent of which is Delaware. Registration in these jurisdictions is reputable and may carry some of the benefits associated with offshore companies. For instance, Hong Kong companies do not pay taxes on profits generated from company’s activities outside of Hong Kong “but you still have to file the number of employees you employ, also you have to travel to open the bank account”.

www.Eoffshoreformations.com can help you, using our extensive professional contacts on four continents, we are able to provide offshore company formations at a competitive price in all offshore jurisdictions and incorporate onshore companies in most developed countries of the world.

We have spent the last five years operating Eagle Formations and have been carefully picking and choosing the best legal entity types available and are able to provide a variety of offshore services, including incorporation, registered agent, legalization of documents, provision of Apostles, certificates of good standing, nominee director services and other corporate documents.

If you need any help:

Call UK 0044 ”0701 177 0800” Skype: flexymoneyworld www.eoffshoreformations.com 

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