A Guide to Offshore Business Registration – Widen your Horizons
If your business is doing well and you are looking to penetrate foreign markets, creating an offshore business entity might be a wise move. When you consider how much tax you pay when trading from your home country, it makes sense to register a new business in a tax-free country, not to mention the many other benefits that offshore company registration brings to the table.
International law firm
The first step towards offshore company formation is to make contact with a top-rated international law firm, where you can talk to an experienced business lawyer. There is a lot to consider, location, for example; you can register an offshore business in quite a few countries, such as:
- United Kingdom
- Cyprus
- Switzerland
- Malta
- Madeira
- UAE
- Singapore
- Hong Kong
- Cayman Islands
- Belize
- British Virgin Islands
Of course, each nation has its own set of rules, regulations and laws that foreign investors must meet and talking to an experienced law firm can help you make the right choice when it comes to business registration.
Types of offshore business entities
There are typically 3 options for a foreign investor, which are:
- International business company – Perhaps the most common choice, you need one director and one or more shareholder, while capital investment is minimal. The entity is unrestricted in business activities; your lawyer can help with offshore banking solutions, assisting you to open company bank accounts and preparing all the required documentation.
- Limited liability company – If you want limited liability, this might be the best option; ideal for a holding partnership and requires one general partner and at least one local partner. Of course, the entity is subject to local laws and regulations, but is not restricted in its activities and can be set up within 2 weeks. The business is subject to local laws and regulations.
- International trading – You can set up a global trading entity or if you are a financial adviser, you can set up equity funds and trusts with a limited number of investors. The business is not restricted in activities and is subject to local laws. For more information, search the web for a leading international law firm and enquire about setting up an international trading entity in Singapore, or any of the other countries that offer offshore registration.
Essential business services
The law firm can connect you with local providers of the following services:
- General secretarial
- Bookkeeping & accountancy
- Company reports and meeting minutes
- Call handling
- Sales & marketing
Forging a working alliance with the right law firm is the key to a smooth transition; with the best advice, you will be assured of minimum tax and full compliance. Click here to find out about how to plan for your retirement.
You can request a free Zoom consultation in order to discuss your needs, which could lead to a plan being put together and you can choose the nation and the type of business. Once all the documentation is collected, the registration process can begin and you are in good hands when you work with an established leading international law firm.
