Offshore Company Formation

Offshore Company formation is completed for different types of business companies which are good for doing business around the world. Offshore business companies which are registered frequently include International Business Companies (IBC), offshore partnerships and offshore limited liability companies. Offshore company formation can be easily completed in a number of very competent offshore jurisdictions in the world. Offshore company formation can be done in the offshore jurisdictions of Seychelles, Dominica, St Kitts and Nevis, Antigua, Bahamas, Cayman Islands, British Virgin Islands, Bermuda, Anguilla, Mauritius, Belize, Barbados, St Vincent, Gibraltar and Hong Kong.

The International Business Company is the most common offshore business company in the world. As already suggested this company is the most frequently incorporated as the process of this offshore company formation is very easy and this type of offshore business company has many advantages. Offshore business registration for an International Business Company results in a business company which is very flexible; this type of offshore business company can be used for engaging in trade, as an investment company or simply for holding assets. The offshore IBC depending o the jurisdiction of incorporation is a tax free business company. Many offshore jurisdictions which allow the formation of this offshore company are in fact offshore tax havens which has very low or no tax schemes in place for offshore companies. In jurisdictions which are tax havens an offshore company will pay zero or very low local taxes on income which is generated by the offshore company outside of the jurisdiction.

The offshore company formation of an International Business Company means that the offshore business company can be registered in most offshore jurisdiction with just one shareholder and one company director in most instances this role can be taken up by the same individual. Offshore company formation of this type of offshore company can be done is less than one working day in mist offshore jurisdictions.

The offshore Limited Liability company formation is done for asset protection in many offshore jurisdictions. The offshore limited liability company (LLC) is often described as a cross between a partnership and a business corporation. The formation of an offshore limited liability company ensures that the each member of the offshore limited liability company is not individually responsible for the debts incurred by the offshore company. Members of an offshore limited liability company makes contributions towards the offshore company and their liability is based on the extent of the contribution made towards the offshore company. The formation of offshore limited liability company means tax savings and strict asset protection legislation in offshore jurisdictions.

The offshore registration of an exempt or offshore partnership can be competed in offshore jurisdictions such as Bermuda. The offshore partnership company can be formed with one or more partners. General and limited partners are needed for the offshore formation of partnership corporations. Offshore limited partnerships like other offshore companies benefit from tax exemptions in offshore tax havens. Offshore partnerships are exempted from local taxation in most offshore jurisdictions which allows for their formation. Offshore partnership companies make good trading companies.

The offshore formation of companies is easily completed by using registered agents or the offices of lawyers in the offshore jurisdiction. Some offshore jurisdictions only permit offshore formation with the use of registered agents. One of the advantages of offshore formation is that the offshore business entity has no local reporting of annual financial statements or audits. These are kept for the benefit of the shareholders and partners of the respective offshore business corporations. The cost of offshore company formation depends on the offshore jurisdiction of choice but overall the cost of forming an offshore business corporation is generally affordable.