Offshore Corporation

Offshore Formation

Anguilla Corporation

Belize Corporation

Dominica Corporation

Offshore Incorporation

Offshore incorporation refers to the formation of an offshore company or corporation for the purpose of doing business throughout the world or outside one’s regular place of domicile. But in addition to this, offshore entities, like Belize companies, have several benefits which make offshore incorporation one of the best ways of expanding business, lowering taxes and building international business relationships.

Offshore incorporation is a service that is made available by registered agents and offshore service providers that are licensed for carrying out offshore incorporation and formation. Offshore incorporation may include other legal and support services, including after care services that facilitate changes within the company, offering financial and legal advice to the owners of companies about offshore incorporation and company management.

Offshore incorporation is essential to the offshore sector because of the income that jurisdictions are able to generate from offshore incorporations. Offshore incorporation services are not directly available from governments, and instead are administered and provided by licensed agents. These licensed agents operate as intermediaries between their clients and local government authorities or departments. Government authorities and departments that are involved in offshore incorporation would include the companies’ registry and the financial services unit or commission (FSU, FSC).

An offshore corporation, by law, must have a registered office. The registered office represents a form of physical presence in the jurisdiction and is the place where legal documents that were prepared and issued for offshore incorporation are filed.

As a requirement for offshore incorporation, registered offices and registered agents are there also to ensure that contact is maintained with the jurisdiction, especially where legal matters are concerned and contact needs to be established with the offshore company. Renewal fees must be paid annually and by maintaining this contact after offshore incorporation, agents are able to communicate with companies and issue reminders about upcoming renewal dates and other matters. After offshore incorporation, changes made to the offshore corporation with regard to share capital (increase, decrease), share ownership (transfer, sale, purchase, exchange etc.), directorship (appointment or removal of directors etc), shareholders, change of name or purpose must be communicated with the agent so that the necessary legal actions can be taken to formalize these changes.

Companies and individuals engage in offshore incorporation because of the beneficial qualities and features that offshore companies possess. With regard to the primary function of an offshore corporation, persons and companies may be in search of a reliable means of protecting their assets and lowering their tax responsibilities if for one reason or the other they should feel overburdened.

When incorporating offshore, customers must remain mindful that quite a few jurisdictions are modifying their offshore incorporation laws and offshore regimes to accommodate international demands. For example, not all jurisdictions are zero tax jurisdictions like before and have implemented an offshore incorporation system for low tax companies rather than zero tax or tax exempt offshore corporations like they once did. For offshore incorporation, and especially if not familiar with the concept and formalities involved, it is wise to request sufficient information for a licensed agent, and to find get the advice of a financial or tax professional.