Registration of offshore and onshore companies.
Main aspects of registration of offshore companies.
The term "offshore" comes from the English "offshore" and literally means "offshore" "abroad", indicating the basic principle of using such companies - outside the country of registration. In everyday life, we are used to calling "Offshore" not only the jurisdiction itself, or rather, the principle of using companies, but also the companies themselves registered in an offshore country. Moreover, we note that we have the right to call "offshore" only those jurisdictions or those companies that meet the corresponding, inherent only to them, characteristics, and if the state does not provide a similar mode of operation for companies registered with them, they can no longer be called offshore. We call such companies, as a rule, "onshore" or "low tax".
Features of offshore companies:
- Offshore companies are full-fledged subjects of international business.
- These companies pay an annual registration fee instead of traditional taxes.
- Offshore companies are not obliged to regularly submit financial statements and be audited.
- Information regarding the structure of an offshore company, for example, about directors and shareholders, is closed to third parties
- the company independently maintains the relevant registers and does not submit information to the registering authority.
- In order to ensure complete confidentiality, the registration of offshore companies may involve the use of a nominee service.
- Offshore companies have registered agents who perform administrative functions to support the offshore company in the country of their registration.
- Offshore companies have the right to engage in any entrepreneurial activity, even if it is not expressly specified in the charter.
- An offshore company cannot engage in banking and insurance activities, any other activity requiring prior licensing.
- Registration of offshore companies can be carried out in various forms, but often IBC (International Business Company \ International Business Company) is used in the form of LTD (Company with limited liability shares).
- Offshore companies are not required to form their authorized capital in cash.
- Offshore companies, as a rule, should not do business with residents of the country of incorporation of the offshore.
- In the country of registration of offshore companies, the activities of such companies are mainly regulated by the laws on "international business companies".
Opening offshore companies may be necessary for the following areas:
- For conducting foreign economic activities and conducting trade operations
- For owning real estate or movable property (cars, ships) For the purpose of owning corporate rights
- To make adjustments to gross expenses in the country where the real business owners are located
- For the implementation of various credit schemes
- In order to replenish working capital
- To optimize the ownership and use of intellectual property
Tax optimization and asset ownership registration
It should be noted that most often the opening of an offshore is carried out for two purposes: reducing taxes in the country of doing business - tax optimization and for owning assets.
In the case of using a tax optimization scheme, the offshore is used as an auxiliary company. Offshore companies can act as an intermediary between the buyer and the seller (customer and contractor), in addition, they can provide various types of services to local companies.
Also, offshore companies are popular for the purpose of registering ownership of assets (real estate, company shares, cash). This is due to both the solution of the problems of tax optimization and the achievement of confidentiality of asset ownership.
These are far from all the possibilities of using offshore companies in building a business, restructuring existing holdings, owning, managing Russian companies, optimizing taxation (tax optimization schemes). It will be possible to find out exactly which companies, of what type, registered in which of the countries we offer and in what combination, only after studying your situation, since the solution for each business must be individual. This is the main principle of our company, we are deeply convinced that only in this way, without using standard approaches, by combining methods and schemes, you can achieve the best result.
Main jurisdictions for registration of offshore companies
The legal framework of specific countries where an offshore can be registered has some differences, so you can always choose the most effective combinations of offshore countries, types of offshore companies, offshore schemes and schemes of financial and commodity flows that will be optimal for achieving specific goals.
Registration of offshore and onshore companies
DCG EASTERN EUROPE S.R.L. provides services in the field of international tax planning. The long-term experience of our specialists allows us to solve problems of any complexity. The main activities of the International Tax Department:
- Registration of foreign companies, including offshore ones.
- Creation of trusts, foundations and associations abroad.
- Opening a bank account abroad.
- Provision of "virtual" office services in European countries.
- Preparation of written legal opinions on various issues of international tax planning.
Solving business structuring issues taking into account the optimization of the tax burden due to:
- functioning of a group of companies
- distribution, accumulation and inheritance of the received profit in favor of business owners
- reinvesting profits
- possible sale of assets, i.e. creation of the most "transparent" business structure for potential buyers and investors.
When providing the above services, it is important for us to ensure a high degree of confidentiality and protection of our Client's business.
Basic requirements for the acquisition of a foreign (international) company. When opening a bank account, the requirements are similar:
- Availability of an adequate initiator (Beneficiary)
- Availability of internal and international (foreign) passports of the Beneficiary
- Certificate from the Beneficiary from any Bank on the existence of an account (signature and seal of the Bank, contact details; not older than 3 months)
- Receipt of payment for utility services at the place of residence of the Beneficiary (for example, for electricity or telephone / Internet; not older than 3 months)
- Communication details: the Beneficiary should have a contact phone number and email address
- Availability of an actual address for receiving correspondence
- Professional approach
- Flexible pricing
If you are interested in acquiring a foreign (international) company and opening a bank account abroad, you can get advice using the feedback form.
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