Offshore Incorporation

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We are specialists in offshore incorporation and bank accounts

Offshore corporate services provide flexibility for many international businesses.

A company which makes purchases in foreign currencies will find offshore incorporation invaluable. It will ease impact on cash flow due to variations on exchange rates.

Offshore services are administratively convenient.  Funds can be transferred in advance to overseas accounts and used when required.

They provide tax benefits

Hong Kong (HK)

  • HK is now part of China but retains its specialist tax status as a low tax regime.
  • Under present legislature, only income arising in or derived from HK is taxable there.
  • More importantly, there are no capital gains taxes, withholding taxes, interest taxes and Value Added Taxes.
  • Offshore business activities are limited to administration of external business.

Bahamas

  • Companies can be formed as limited by shares, or by guarantee.
  • Most offshore incorporations are governed by the Island’s International Business Companies Act 1989, as re-stated by the recent Companies Act 1992.
  • There is no minimum capital requirement.
  • No need to file annual accounts. Where accounts are filed, no audits are required.
  • Activities are exempt from Bahamian Exchange Control, stamp duties, and other taxes
  • However, offshore companies are not permitted to have ownership control in real estates. Banking and insurance businesses are not permitted.

Seychelles

  • The most tax effective way for offshore incorporation in the Seychelles is under the International Business Company (IBC).
  • There are no corporation taxes on profits.
  • There are no stamp duties on transfer of interests.
  • No minimum paid up capital requirements.
  • The minimum number of director and shareholder is one. No legal requirement for a secretary.
  • No requirements for filing annual financial statements
  • All IBC activities are now governed by the provisions under the Seychelles International Business Companies Act 1994.
  • An IBC will not be permitted to carry on business in Seychelles, own real estates in the Seychelles nor operate banking and insurance services.
  • Another benefits for a Seychelles registered IBC is that it may maintain Seychelles-based bank accounts and deposits. Many renowned banks have their international branches in Seychelles.

De-Enveloping Schemes  – We can also assist with de-enveloping properties held in offshore companies.  Recent changes in UK tax legislations means that it is no longer tax efficient to hold expensive properties in offshore jurisdictions.