Offshore Company Incorporation

Company incorporation is a common term used to describe the service of registering an offshore business entity (company or corporation) in a offshore territory. Company incorporations are processed on the behalf of nonresident clients by individuals or offices in offshore jurisdictions known as offshore service providers or offshore agents.

Offshore company formations is done on behalf of clients who are non residents, who do not reside or have interest in the country of company registration.. Company incorporation for offshore companies is offered in many offshore jurisdictions. Some of the more popular of these ( based on number of incorporations, benefits, advantages, ease of incorporation) Dominica, Belize, Bahamas, Nevis, Anguilla, Cayman Islands, Cyprus, Seychelles, Mauritius, Singapore, Panama, Gibraltar, Hong Kong, Vanuatu, and the British Virgin Islands (BVI).

Unlike domestic company incorporation, for company incorporation in most offshore jurisdictions a minimum of just one shareholder and one director is needed for company formation. Some exceptions include Panama, where three (3) or more company directors are needed (but this is easily overcome through the use of Panama provided nominee officers).

Most, if not all offshore tax havens allow the use of corporate shareholders and director for company incorporation.. Few offshore tax havens require a company secretary. The shareholders and directors of the offshore company should not be a resident in the jurisdiction where offshore company setup is being done. The registered agent handling the company incorporation will prepare documents with information and data the owner has provided. These papers called the Articles of Incorporation and the Memorandum of Association are submitted to the local Registrar of Companies for review and approval. The Memorandum of Association and Articles of Association are reviewed by the Registrar of companies, once approved a certificate of incorporation is issued finalizing the company incorporation.

Information which is filed for (offshore) company formation is as follows:

  • A proposed name for the offshore company
  • The name and address of the registered agent used for company formation
  • The number of shares to be issued
  • In jurisdictions where more than one share can be issued the types of shares should be stated
  • The rights, limitations, privileges, voting rights and powers of each class of issued by the offshore company
  • The names, address and nationalities of company shareholders
  • The names, addresses and nationalities of directors
  • The purpose for forming offshore companies
  • The by-laws of the company
  • Some jurisdictions ask for the date for dissolving the company

The names of the company cannot be must not be distasteful and must not include any words or phrases which will suggests links connections to education institutions, governments, political parties and in many countries the Royal Family. Offshore companies can only offer the services which are registered to undertake and special license are needed by offshore companies which intend to offer financial and investment services.

Offshore company incorporation and other offshore services are very affordable in the offshore tax havens where professional and efficient services are always offered. Offshore company incorporation can take one working day in many offshore jurisdictions.

scroll back to top
0003.jpg