Register an Offshore Company

Register offshore company in an offshore jurisdiction and take advantage of the many benefits an offshore company can bring. Registering offshore companies is not very difficult at all. The process of registering an offshore company can be completed in one working day in most of the world’s offshore jurisdictions. Registering offshore company provides companies which are very versatile and can be used for different business ventures. Offshore companies which can be registered are International Business Companies (IBC), Exempt partnerships and Offshore Limited Liability Companies. Some offshore jurisdictions allow the formation of offshore or exempt foundations and trusts.

The countries which offer these offshore business companies are also known as offshore jurisdictions or tax havens. These countries include St Kitts and Nevis, Bahamas, Cayman Islands, Bermuda, British Virgin Islands, Dominica, Seychelles, Singapore, Panama, St Vincent, Belize and Gibraltar among many other countries in the world. To register offshore companies in one of the above mentioned tax havens mean obtaining an offshore company which will have a tax advantage. The tax havens have little or no tax systems in place for business corporations registered in the jurisdiction but this means in most offshore jurisdiction that the offshore company will be prohibited from doing its business within the jurisdiction or with residents of the country.

The offshore company formation of an International Business Company is a straightforward process. Jurisdictions which register this type of offshore company include Dominica, St Kitts, Bahamas, Cayman Islands, and British Virgin Islands among others. This is the type of offshore company most frequently incorporated. Legislation in these offshore jurisdictions dictates that in order to register offshore companies a Registered Agent must be employed. This agent or service provider will prepare all paper work and submit them to the Registrar General on behalf of the offshore company shareholders. When the International Business Company type of offshore company a Memorandum of Association and Articles of Association are prepared and filed with the registrar of companies. The Memorandum of Association must state important information which follows

  • the name of the offshore company

  • the name and address of the registered agent

  • The registered address of the offshore company

  • The purpose for forming the International Business Company

  • The types of shares to be issued by the company

  • The authorized share capital of the International Business Company

  • If more than one type of share is to be issued the document must state the rights, privileges and restrictions of each type of share

  • The name and addresses of the offshore company shareholders

  • The names and addresses of the directors of the company

  • The by- laws of the company

This information is filed with the Registrar of Companies who issues a Certificate of Incorporation to qualifying offshore companies. Just one shareholder and one company director is required to register offshore company in most offshore jurisdictions and one person can take up both roles.

To register an offshore limited liability company Articles of Organization (the name of the document differs in some jurisdictions) must be prepared and filed with the Registrar of Companies. Information which must be included in the registration documents are the following:

  • Name of the offshore LLC ( the word limited liability or the abbreviation must be included in the company’s name)

  • Name and address of the registered agent

  • The date by which the offshore LLC will be dissolved if any date has been set

  • State if the LLC will be managed by members or if an individual is being brought in to manage the corporation

  • The by- laws of the offshore LLC

Offshore limited liability companies can be registered in the jurisdiction of St Kitts and Nevis.

To register an offshore partnership company a similar process is followed. One or more general partners and limited partners are needed to form the offshore limited partnership company. Documents showing the names of the partnership, the purpose for forming the partnership and the names of the partners must be submitted along with the partnership agreement. The partnership agreement is a legal document prepared and signed by the partners.

Registering an offshore company has many benefits which includes tax savings and asset protection.