Incorporating offshore

Offshore company formation – advantage

Learn about the offshore company set-up and all about the process from the best incorporation service provider TBA & Associates! We have a dedicated team of experts that is prepared to finish the work for you of incorporating offshore.
If you are looking for offshore solutions, we are glad to assist you with everything in regard to your company development. We have an experienced team in place for this work. We cover the entire process of setting up the whole structure.
Are you looking for an offshore solution for your tax planning or investment projects? Do you worry about asset protection?
If the answer is yes, then offshore incorporation is one of the options you have – offshore structures can more than meet the challenge. However, it’s not always easy to find acceptable and cost-effective offshore solutions. That’s where we come in, suggesting you the right option for your Offshore structure.

TBA offers a complete line of efficient, competitively priced offshore services for service providers, corporations, entrepreneurs, and wealthy individuals. TBA has the best solutions for those who want to set up an offshore company.

Which the best jurisdiction for your specific case?
Let us know your specific needs.

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Low tax offshore companies – Tax haven jurisdictions

Low tax offshore companies also refer to different types of offshore entities that can be formed in an offshore centre or jurisdiction such as the British Virgin Islands, Belize, the Seychelles or RAK UAE, amongst others.

Companies incorporated in jurisdictions offering both offshore and onshore companies, they may benefit from favourable tax regulation and/or special offshore company regimes.

Mauritius and Hong Kong

Mauritius and Hong Kong, both offer you two types of companies that are used both for offshore business and international tax planning.

Incorporating offshore

Thinking about forming a company in an offshore location? Make your company work the best, register your company for full tax benefits and breaks with the guidance of our professional team. So, you can trust us for the most efficient solutions.
The LLC (Limited Liability Company), the LLP (Limited Liability Partnership) and the LP (Limited Partnership) are a particular class of company used for international business and tax planning, due to their advantage of limited liability and the flow-through characteristics of a partnership for tax purposes.

This means that profits are distributed amongst the members and partners in proportion to their respective ownerships, and, if all the members or partners are non-tax residents in the domicile of the LLC, LLP or LP company and no business is undertaken in that country, neither the LLC, the LLP and LP company nor the members or partners will be subject to tax in the company’s country of establishment. Such companies are said to be “fiscally transparent” and examples include US LLCs and the UK LLP.

The new offshore – onshore jurisdictions
Tax Advantageous

Fiscally Transparent Companies

US LLC (Limited Liability Company) and UK LLP (Limited Liability Partnership)
Canadian LP (Limited Partnership)

They all offer you full tax exemption!

Types of offshore companies

Once you have decided for an offshore jurisdiction, based on your specific needs and the benefits you are looking for, choosing the company type follows the same decision process.
Popular offshore company formation jurisdictions offer Corporations and Limited Liability Companies, among others. Depending on your own business plans, a single company or corporation plus an additional legal tool or bank account may be the solution. In some cases, bank accounts, trusts and other structures are necessary to build the complete strategy that is right for you.

Here are a few examples and more information on offshore companies:

Top entity types for offshore companies

British Virgin Islands Offshore Companies or Business Company (BC) is a reputable jurisdiction and offers privacy of ownership for assets held inside of the company and the ability to transfer domicile. BVI BC’s are exempt from local taxes and stamp duty, along with huge privacy and confidentiality benefits.

Our website offers additional information on BVI “Business Companies”(BC).

Nevis LLC offers superior asset protection over corporation law of many other jurisdictions and is the offshore company formation type we most recommend for asset protection and financial privacy. This provides a key aspect to an asset protection plan due to superior provisions than other countries. For example, when a member (owner) of the Nevis LLC is sued, there are provisions in the law that protects the assets inside of the LLC from being seized from a resulting judgment. For more information on the Nevis Limited Liability Company please visit that website section.
The Cook Islands international company offers some of the best advantages for asset protection and tax planning making it one of the most sought-after jurisdictions in the world:

(a) No public registry of International Companies and information can only be obtained with permission from the Company itself. The Registrar only holds name and address details of the Directors. Shareholder information is only held at the registered office of the company (being CIT);
(b) Significant penalties for breach of confidentiality provisions;
(c) Exceptions to privacy exist in cases of serious criminal activity.

Belize Offshore International Business Companies are popular structures due to the simplicity and cost effectiveness of the jurisdiction. It also offers a high degree of privacy and protection. Belize is the only English-speaking country in Central America. In resume, the perfect Offshore Structure must combine:

  • Anonymity
  • Nominee services through law firms
  • Highest level of privacy protection
  • Limited liability without any paid-up capital requirement
  • Legal tax exemption
  • No taxation on any kind of income
  • No accounting requirements
  • No reporting requirements
  • No accountants cost
  • No auditing
  • No requirements on profession or financial standing
  • Business can be conducted internationally

And many more… TBA combines professional advice, worldwide registration services, reasonable fees, customized order processing, lifetime support and fast processing.

Going offshore – quick answers

An ‘Offshore’ company is simply a corporation or a Limited Liability Company which was ‎‎registered in a jurisdiction which is not the place of residence of its founders.

It is important that everyone understands that there is no difference ‎between an offshore and an LLC company, as long as the company is registered and operates within the ‎frames of the OECD regulations. Although ‎International Business Company Formation is not favored by the government, it is completely legal.

What is an offshore company?
An offshore company or corporation is the same as any other company in that it is an entity recognised by law as a separate “entity” with limited liability. As such the company has the option to sell shares, the right to sue and be sued, and has perpetual existence. An IBC (International Business Company) is the most popular type of offshore corporation for asset protection and privacy purposes. An IBC is usually a tax-exempt corporation that can do business all over the world except in the country where it has been incorporated. Popular IBC jurisdictions include the British Virgin Islands, Belize, Nauru and the Seychelles.

Apart from the traditional offshore centres, many ‘onshore’ jurisdictions have corporate structures that are attractive to international users. UK LLP, US LLC, UK Limited Companies, Hong Kong Limited Companies and EU companies are all examples of domestic structures of particular value for international tax planning purposes.

What are shelf companies?
Shelf companies are ready-made, never-used corporations that have been established to meet a client’s immediate needs. We maintain a list of over 200 well-named companies available to trade immediately.
How long does it take to set up an offshore structure?

International Business Companies can usually be set up within two working days on condition of receipt of all the required information from clients.

What are the costs?
Company formation fees, recurring annual fees, and administration costs vary from jurisdiction to jurisdiction.
Where should I incorporate?
Most offshore jurisdictions are free from foreign exchange controls and have introduced company legislation to cater for a diverse range of international business requirements. It is important to select a jurisdiction that is well-suited to your specific corporate and personal needs.
Is my privacy protected?
Whilst we respect and honour the confidentiality of our corporate clients, we are committed to carry out a thorough due diligence of both our clients’ identities and the nature of their business. Our clients must disclose to us both the reason for setting up an offshore entity and the type of business the offshore entity is likely to conduct. We are obliged to monitor and ensure that the activities of the offshore entity do not breach any international regulations, and our clients are required to execute management agreements with TBA INCORPORATORS . This formal approach to due diligence benefits all parties.
Who will maintain the offshore structure?
We have offices in most major financial centres and can undertake a client’s company administration in accordance with corporate requirements. In addition, we can arrange accounting, audit and legal services, provide local management and assist clients in obtaining a licence from the regulatory authorities.
How do I proceed?

Use our ordering facilities to instruct us to set up the solution and put administration and support services in place. Choose the option that suits you best.

Speak to an TBA consultant – tell us a little about your requirements or the information you require and a consultant who speaks your language will contact you directly to discuss and establish the best solution to meet the challenge of your particular situation.

What is the future of the offshore industry?

Since the 9/11 incident, the international crackdown on money laundering has created a divide in the offshore industry, primarily between jurisdictions eager to comply with international standards of anti-laundering regulation and those that are less co-operative. The driving force behind those initiatives, have been influential organizations such as the Financial Action Task Force (FATF). The FATF was established by the G-7 countries in 1989 and is an inter-governmental body whose purpose is the development and promotion of policies, both at national and international levels, to combat money laundering and terrorist financing. As the FATF seek to apply more international pressure, it will become increasingly difficult for the less well-regulated regimes to do business.

Another major issue is the exchange of information, the profile of which has been raised in the current climate. The recently agreed EU Savings Tax Directive will change the face of the offshore industry, although to what extent is somewhat harder to predict. Previously no information was exchanged automatically in Europe unless there were concerns about illegal activities on a bank account. However, with the introduction of the EU Tax Directive, customers living within the EU are likely to be forced to engage with these issues, either by having to pay a withholding tax or agreeing to exchange information.

To this effect, Hong Kong will soon become a much more important jurisdiction for tax planning as it is one of the only respectable and well-regulated “offshore” banking centres which will not be subject to the new EU directive on automatic exchange of information and withholding tax. Hong Kong should also be seriously considered for clients wishing to register an offshore company, as it is one of the few respectable locations in the world that tax on a “Territorial Basis”. Consequently, this means that corporation tax is ONLY charged on profits derived from a trade, profession or business carried on in territory of Hong Kong. Income sourced elsewhere, even if remitted to Hong Kong, is treated as tax free.

Why and when should I use an offshore company?
  • International trading
  • Holding portfolios of stocks, bonds and cash
  • Holding Investments in Subsidiary or Associated Companies
  • Utilising Double Taxation Treaties
  • Privacy and Wealth Protection
  • Personal Service Companies for expatriates and individuals
  • Property and Land Ownership
  • Employment Companies
  • Patent, Royalty and Copyright Holding
  • Stock Market Listings and Capital Raising Exercises
  • Financing
  • Ship Management + Yacht Owning

Our company licensing services

— What we do and do not do

Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency or financial related business activities.

TBA & Associates Tax Business Advisors does not provide or carry out any sort of Cryptocurrency or Financial services!

Disclaimer: While TBA & Associates strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact TBA Customer Services for advice on your specific cases.

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