Offshore Corporation

Offshore Formation

Anguilla Corporation

Belize Corporation

Dominica Corporation

Offshore Corporation Formation

Offshore corporation formation is the legal process by which an offshore corporation becomes constituted and registered under the laws of a specific jurisdiction. Jurisdiction could refer to the ‘extent’ of a country’s power over one or more countries or territories (depending on geographical make up). But generally, in offshore corporation formation, the ‘jurisdiction’ of an offshore corporation can be described as the country where the offshore corporation is registered as an offshore entity which was registered and constituted under the laws of that country. Offshore corporation formation makes an offshore corporation governed by and subject to the law under which they are registered; but offshore corporations, similar to Belize corporation, must also always engage only legal activity and do business in accordance with the laws and regulations of the territories in which they operate. Offshore corporation formation in a jurisdiction gives a country the right to take action against an offshore corporation by removing it from its register and declaring that offshore corporation null and void if the laws under which the corporation is governed are seriously breached.

All the legal procedures for offshore corporation formation must comply with the legislation for offshore corporations, otherwise known as international business companies (ibc) or offshore company for short. Since customers, or the persons requiring an offshore corporation be created in accordance with the legal procedures for offshore corporation formation, are not physically located in the country, all correspondence is done by post, electronic mail and telephone. For offshore corporation formation to be carried out properly, an attorney at law must be involved in the offshore corporation process, especially since most documents need to be notarized and accompanied with apostille for further authentication and acceptance worldwide. The preparation of the memorandum and articles, register of shareholders and directors as well as the issuance of a certificate of incorporation by the registrar are legal procedures that are required under legislation for offshore corporation formation.

Registered agents are the companies or firms that are licensed and thereby authorized by governments to offer offshore corporation formation services. Every offshore jurisdiction has its own requirements and prerequisites for a company or individual (as in the case of a single lawyer, financial institution or a law firm) to provide offshore corporation formation as a service. Registered agents communicate with local government authorities on behalf of the offshore corporation and even after offshore corporation formation has been completed. There are follow-up services that an offshore corporation can be provided with.

A general rule and standard for offshore corporation formation is a registered office. An office must be appointed in the jurisdiction of the offshore corporation so that legal and formation documents of the corporation can be safely filed and available when needed physically. Legal advisories and general correspondence can be sent to the registered is such services and facilities are made available to the offshore corporation. In some jurisdictions, upon offshore corporation formation, the corporation is expected to appoint a secretary locally as a means of having a registered office and agent.

In the process of offshore corporation formation, an offshore corporation is expected to state the types of businesses that it intends to conduct. Offshore corporations can provide a very wide range of services and products but must operate within the confines of the law.