Company registered and established in area except original location is called offshore company. Offshore company is highly accepted worldwide because most countries or areas where offshore company registers are British colonies and their company laws originate from Britain.
Offshore company has existed over tens of years. Most governments admit offshore company to develop or invest in their country. Most banks also accept such company to open account. Offshore company can run business anywhere except the country where it is registered. Usually, the offshore company requires to pay an annual renewal fee to maintain her legal status but no tax if she does not operate any business on the country of registration.
It is generally regulated by Laws of country of registration of offshore company that the shareholder data and the earning status, etc. shall be kept confidential and never revealed to public. Investor of offshore company is not required to attend the country of registration to process the register by himself. It also does not require to submit Annual Return and the company accounts annually. The business of offshore company can be operated anywhere around the world.
Benefits to establish an offshore company is listed as below:
Since the formation requirement varies from various jurisdiction, please contact us for more details.
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