Offshore Company Registrations

Offshore company registration follows strict regulations set up by legislation in the many offshore jurisdictions. Each offer company has a set of registrations guidelines which must be followed or else the offshore company will not be considered for offshore incorporation.

The incorporation of an offshore Business Company is a process which is easy and incorporation is done with the Registrar of Companies or the relevant incorporating authorities in the jurisdictions. The first step to offshore company registrations in many offshore jurisdictions is finding a registered agent. The registered agent works on behalf of the potential offshore company owners preparing and filing documents with the Registrar of Companies. Before they can start working on behalf of offshore clients registered agents must be licensed by the relevant authority (normally the Minister of Finance or the body responsible for offshore and financial services in the jurisdiction). Offshore jurisdictions which needs a registered agent for incorporation includes Dominica, St Kitts and Nevis, Anguilla, British Virgin Islands and Antigua amongst many others. Registered agents are needed for the incorporation of all offshore business companies and offshore entities in these jurisdictions.

Offshore company registrations for International Business Companies require that a Memorandum of Association and Articles of Incorporation be files with the Registrar of Companies. Offshore companies legislation requires that the above mentioned documents be submitted with the following offshore company information:

  • The name of the offshore company

  • The name and address of the registered agent

  • The registered address of the offshore companyü

  • The authorized share capital of the offshore company

  • The types and number of shares which the company will issue

  • The par value of the shares to be issued

  • In cases where more than one class of share is issued the rights, restrictions, voting rights and privileges of each class of shares must be stated

  • The names, nationalities and addresses of shareholders of the offshore companies

  • The names, addresses and nationalities of company directors

  • The objectives for forming the offshore company

  • The date by which the company will dissolve ( optional)

  • The by-laws of the company

Offshore company legislation for International Business states that a Certificate of Incorporation will be handed out to the offshore company once all requirements are met and the Registrar of Companies is satisfied. Offshore companies registration laws for many offshore jurisdictions with the exclusion of Panama enforces that once an offshore company is incorporated in a jurisdiction this company can only do business outside of the offshore jurisdiction and cannot do business with residents of the jurisdiction.

Offshore company formation in many jurisdiction means that the offshore business company is not obligated by law to file annual financial reports or annual audits with the tax authority in the jurisdiction. Information of this sought can be kept at any local in the world but must be presented when requested by company officials or members. Offshore company financial statements are kept for the benefit of the company and shareholders.

Offshore legislation laws in many offshore jurisdictions do not permit the payment of local taxation by offshore companies. Since most offshore companies cannot do business within the jurisdiction of incorporation income is gained outside of the country. Laws in offshore jurisdiction make it possible for offshore companies to pay little or no local taxes at on foreign earned income. The only taxes paid by offshore companies in many jurisdictions are an annual license renewal fee which is done to keep the offshore company in good standing order.

The incorporation of offshore companies can be done in a timely manner providing that all regulations are adhered to.