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2 mins video Offshore Company has total exemption/low tax. In most jurisdictions/countries, no filing of accounts or submitting of annual returns is required after the offshore company has been incorporated. You can set up an offshore company in many jurisdictions, in many regions around the world, with no restriction based on your nationality, Many banks all over the world allow you to open a bank account for your offshore company and then do business internationally. The laws of almost all jurisdictions/countries we offer protect the confidentiality of the shareholders, directors and offshore company.
Initially, our relationship managers will ask you to provide detailed information for all shareholders and directors, including their names. You can select the level of services you need. This stage normally takes one to three working days, or a working day in urgent cases. Furthermore, give the proposed company names so that we can check the eligibility of the names in each jurisdiction’s/country’s company registry/company house.
You settle the payment of our service fee and the official Government fee required for your selected jurisdiction/country. We accept payment by credit/debit card , Paypal or by wire transfer to our HSBC bank account. (Payment Guidelines).
See more: Company registration fees
After collecting full information from you, One IBC® Group will send you digital versions of your corporate documents (certificate of incorporation, register of shareholders/directors, share certificate, memorandum and articles of association etc) via email. The full Offshore Company kit will be couriered to your residential address by express delivery (TNT, DHL or UPS etc).
You can open an offshore bank account for your company in Europe, Hong Kong, Singapore or any other jurisdictions where we support offshore bank accounts! You have the freedom to make international money transfers from your offshore account.
Once your offshore company formation is completed. You are ready to do international business!
Fresh entrepreneurs oftentimes cannot tell the difference between a holding company and an investment company. While they do have a lot of similarities, holding companies and investment companies each have their distinct purposes.
A holding company is a parent business entity that holds the controlling stock or membership interests in its subsidiary companies. The cost to set up a holding company varies depending on the legal entity it is registered with, usually a corporation or an LLC. Large businesses usually set up a holding company because of multiple benefits it brings, including: Protecting assets, reducing risk and tax, no day-to-day management, etc.
An investment company, on the other hand, does not own or directly control any subsidiary companies, but rather is engaged in the business of investing in securities. Setting up an investment company is different from setting up a holding company, as they can mostly be formed as a mutual fund, a closed-ended fund, or a unit investment trusts (UIT). Furthermore, each type of investment company has its own versions, such as stock funds, bond funds, money market funds, index funds, interval funds, and exchange-traded funds (ETFs).
Selecting the best country in the Middle East to start a business can depend on various factors including the industry, market access, regulatory environment, and economic stability. However, the United Arab Emirates (UAE) is widely regarded as one of the top destinations for starting a business in the region due to several reasons:
However, it's important to consider specific business needs and conduct thorough market research. Other countries like Israel, known for its vibrant tech startup ecosystem, and Saudi Arabia, with its large domestic market and ongoing economic reforms under Vision 2030, also offer substantial business opportunities depending on the sector and business model. Each country has unique advantages and challenges, and the best choice depends on the specific dynamics of the business you intend to start.
As of 2023, the best five economies in Asia by GDP (Net Household Item) are typically:
These rankings can shift based on the measurements utilized, such as ostensible GDP or acquiring control equality (PPP), and financial conditions can cause shifts in these standings over time.
Asia is a landmass with a differing extend of financial frameworks, reflecting its wide assortment of societies, levels of improvement, and authentic foundations. Here are the four major sorts of financial frameworks found in Asian countries:
These frameworks reflect the financial differing qualities of Asia, from exceedingly created economies to those still joining conventional hones into their financial systems. Each framework has its claim set of points of interest and challenges that impact the region's improvement and integration into the worldwide economy.
Asia's economy is different and energetic, enveloping a run of profoundly created, quickly developing, and less created economies. Here's a more nuanced view:
Overall, Asia's financial scene is characterized by a blend of develop, fast-growing, and creating economies, making it one of the most financially dynamic districts universally. The continent's financial future looks promising, in spite of the fact that it will require tending to various social, political, and natural challenges to maintain development and progress living benchmarks over all countries.
Myanmar, regularly respected as a nation with a complex and challenging financial scene, has considerable potential due to its wealthy normal assets and key area between China and India, two of the world's biggest markets. Here are a few key angles of Myanmar's economy:
Overall, Myanmar's economy is stamped by critical potential and similarly critical challenges. Its future financial direction will generally depend on its political scene and how it oversees its endless characteristic assets and human capital.
As of 2023, the Affiliation of Southeast Asian Countries (ASEAN) is undoubtedly frequently alluded to as the sixth-largest economy in the world when considered collectively. This bunch incorporates ten nations: Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar, and Cambodia. These countries together frame a critical financial coalition with a differing financial base, extending from exceedingly created economies like Singapore to quickly developing ones like Vietnam and Indonesia.
ASEAN's combined GDP places it among the world's biggest economies, much obliged to its considerable populace, vital area, and developing integration into the worldwide economy through exchange, speculation, and participation. The financial quality of ASEAN too benefits from its statistic points of interest, counting a youthful and developing workforce that pulls in both outside coordinate venture and multinational trade operations.
As of 2023, the best five nations by Net Residential Item (GDP) are typically:
These rankings can change somewhat depending on financial conditions, trade rates, and how GDP is measured (ostensible vs. acquiring control parity).
Vietnam's economy has appeared amazing development over the a long time, and estimates propose strong execution. As of 2024, its GDP is anticipated to reach around $465.81 billion, positioning it 34th in the world. This positions Vietnam fair underneath the Philippines and over Iran in terms of financial measure. In Southeast Asia, Vietnam is anticipated to be the fifth-largest economy, trailing behind Indonesia, Thailand, Singapore, and the Philippines.
The financial projections for Vietnam demonstrate a potential rise in its worldwide positioning over the another decade. By 2033, it's expected that Vietnam's economy will develop to around $1.05 trillion, situating it 24th all inclusive. Assist development is anticipated by 2038, with a forecasted GDP of $1.56 trillion, possibly hoisting Vietnam to the 21st spot globally.
Vietnam's financial victory is ascribed to a assortment of components counting its expansive and young populace, which gives a energetic workforce supporting different segments. The nation is anticipated to outperform numerous ASEAN nations financially, possibly getting to be a high-income nation by 2045 (Source: vietnamnews.vn). The country's key repositioning in the worldwide esteem chain, inside changes, increments in labor efficiency, and open and private ventures are other basic components contributing to its anticipated growth (Source: vietnamnews.vn).
Singapore is recognized as the most created nation in Southeast Asia. It stands out with a tall Human Advancement File (HDI) and is considered an financial powerhouse in the locale due to its progressed foundation and tall GDP per capita. Singapore moreover positions profoundly in a few advancement pointers, counting innovation, healthcare, instruction, and generally quality of life, making it a demonstrate of thriving in Southeast Asia.
Singapore's status as the most created nation in Southeast Asia is supported by a few key factors:
These variables collectively contribute to Singapore's acknowledgment as the most created and affluent nation in Southeast Asia, setting a benchmark for advancement in the locale. For more point by point data, you can perused assist on destinations like the NCESC Geographic FAQ and other assets that talk about Southeast Asian development (Wikipedia) (Seasia.co) (Discovering Jobs & Travel).
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The Middle East is rich in a variety of natural resources that play a central role in its economy and global significance. The top three resources in the region are:
These resources not only drive the economies of their respective countries but also play a crucial role in their energy policies and economic development plans. The abundance of oil and gas has historically shaped the geopolitical and economic landscape of the Middle East, while the emerging focus on solar energy represents a significant shift towards sustainable development.
First and foremost, it is essential to define the term Offshore. Offshore relates to managing, registering, conducting, or operating in a foreign country, often with financial, legal and tax benefits.
An offshore company has a variety of uses and benefits for clients wishing to engage in international financial trade and investment activities. Depending on the specific offshore jurisdiction, an offshore company may have the following features and advantages: Ease of Incorporation, Minimal Fees, No Foreign Exchange Controls, High Confidentiality, Tax Benefits.
Yes, the economy of the Middle East is generally growing, though the pace and scale of economic growth vary significantly across different countries in the region. Factors influencing this growth include:
However, challenges such as geopolitical tensions, water scarcity, and the need for further economic reforms remain obstacles to sustained growth. Additionally, the impacts of the COVID-19 pandemic have varied across the region, affecting tourism and oil markets, which have had short-term impacts on economic growth. Overall, while there are growth opportunities, the region's economic landscape remains complex and subject to a variety of influencing factors.
Offshore Jurisdictions not only have some aspects of tax benefits, they are also good places to attract investors because of factors such as stable politics, good reputation and sophisticated corporate law.
Each offshore jurisdiction has its separate benefits that can meet customers’ strategic demands. OCC’s customer service team are trained to support clients to find out the applicable tax havens for their business.
We carefully list the service countries on our website, from the lower-fee countries to higher ones (See more: Company Registration Fees). Although there is some difference in fees, all of the jurisdictions guarantee their confidentiality and integrity to investors. For good offshore jurisdictions with high-ranking currencies, clients will be introduced to Hong Kong and Singapore (See more: Hong Kong offshore company formation and Singapore offshore company formation), which are well placed to attract businessmen due to their significant economical and tax benefits.
The economies of Caribbean countries are often characterized as weak due to a combination of structural challenges and external vulnerabilities. These include:
Addressing these challenges requires comprehensive and coordinated efforts both within the region and through international cooperation, aimed at diversification, resilience building, and sustainable development.
An offshore company may be of interest to a great number of people, and it may be used for various activities.
Creating an offshore company allows you to begin an activity without having to deal with setting up a complicated infrastructure. An offshore company allows you to quickly create a stable structure with a simple administration and enjoy all the benefits of the offshore jurisdiction.
Internet traders can use an offshore company to maintain a domain name and to manage internet sites. An offshore company might be ideal for people whose business is on the internet. You might choose to incorporate the registered office of your company in an offshore jurisdiction to take advantage of the various benefits offered by these jurisdictions.
You can also carry on your consultancy or counselling business through an offshore company. You will find it easier to manage your company, while being registered in a stable jurisdiction and benefiting from all the strengths of that jurisdiction.
International commerce can be carried out through an offshore company. It will handle purchases and sales operations. One IBC® can also obtain a VAT number for companies that we incorporate in Cyprus or incorporate in the United Kingdom.
Any kind of intellectual property right (a patent or trademark) may be registered in the name of an offshore company. The company may also buy or sell this type of right. It may also grant rights of use to third parties in return for payments.
Also read: Intellectual property services
Offshore companies are used to hold both movable property (such as yachts) and immovable property (such as houses and buildings). In addition to confidentiality, the benefits and advantages they offer include exemption from certain types of taxes (e.g. inheritance tax). It should be noted, however, that some countries do not allow the acquisition of movable/immovable property through offshore structures and therefore those wishing to form an offshore structure are advised to check with a competent authority before proceeding.
An offshore firm that always stays afloat (provided all costs associated with running it are paid) may, in some countries, be used as a means of avoiding inheritance-tax laws. With a view to minimising inheritance-tax liability, the offshore structure may also be combined with a trust or a foundation.
Offshore companies are very often used for share dealing or foreign-exchange transactions. The main reasons being the anonymous nature of the transaction (the account can be opened under a company name).
You are free to make international money transfers under your Offshore Company. We wish to make you aware that you ought to liaise with a tax advisor in your country of residence before setting up an offshore company.
The Caribbean region is endowed with a variety of natural resources that play a crucial role in its economy and culture. Here are three major resources:
These resources are central to the Caribbean's economic output and development, shaping both the regional identity and its interaction with the global economy.
No.
Most of the jurisdictions we work with do not impose taxes on profits made or interest earned by offshore company. Some, like Hong Kong or Delaware, only tax profits made within the jurisdiction, whereas Cyprus charges a 10% flat tax.
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While a company may not be subject to tax reporting to its local authorities, from a personal standpoint it mustn’t relieve you from seeking counsel from a tax advisor in your country of residence in order to assess the extent of your own obligations, if any.
Caribbean countries face several significant challenges in a globalized economy, often stemming from their geographical and economic characteristics. These challenges include:
These challenges require comprehensive strategies that involve not only national policy changes but also international cooperation and investment to create resilient, diversified, and sustainable economies in the Caribbean.
You will be asked to settle the yearly fees prior to each anniversary of your company, not at the end of each calendar year. To avoid any last minute rush, we will send you a renewal invitation before the anniversary.
See more: Company Renewal Fee
As of the latest data available to me, the Dominican Republic has been identified as one of the fastest-growing economies in the Caribbean. This growth has been driven by tourism, construction, and services. The country has seen significant foreign investment and development in these sectors, contributing to its robust economic performance.
Other Caribbean nations may also show periods of rapid growth depending on various factors, including economic reforms, investment, and sectoral development. However, the Dominican Republic has consistently been a strong performer in the region over recent years.
Yes. In most jurisdictions it is possible (and common) that the same person acts as shareholder and director of the company.
As of my last update, Singapore is widely regarded as having the strongest economy among the ASEAN (Association of Southeast Asian Nations) countries. Singapore's economy is highly developed, and it is globally recognized for its finance, manufacturing, and transport sectors. The country boasts a highly skilled workforce, robust infrastructure, and a strategic location that has made it a global hub for trade, finance, and logistics.
Other strong economies in ASEAN include Indonesia, which has the largest economy in terms of GDP due to its vast population and resources, and Thailand, which has a diverse industrial base. However, in terms of per capita income, economic development, and global economic rankings, Singapore consistently stands out as the leader in the region.
The shareholder is the person who owns the company through a share certificate. A company can be owned by one or several shareholders. The shareholder can be an individual or a company.
The director is the person responsible for the management of the company. He will sign any business contracts, account opening forms etc. Directors are elected by the shareholders. A company can have one or several directors. The director can be an individual or a company.
Shelf companies are corporate entities that have been established by a provider who holds the company until a purchaser is found. Post transaction, the ownership of the company transfers from the provider to the purchaser, who then commences trading activity under the company name. The benefits of purchasing a shelf company include:
Note: shelf companies are normally more expensive than newly incorporated companies because of their age.
Yes, It is even recommended that you do so. On the application form you are asked to input three company names, in order of your preference. We will then check with the Company Registry of the offshore jurisdiction if those names are available for incorporation.
No, generally not. This is one of the main advantages of offshore companies.
However, in a few select jurisdictions, such as Hong Kong, Cyprus and the UK, it is indeed mandatory for companies to produce yearly accounts, to have them audited and, in some cases, to pay taxes (please refer to our jurisdiction comparison table).
While a company may not be subject to tax reporting to the relevant authorities, from a personal standpoint it must not relieve you from seeking counsel from a tax advisor in your country of residence in order to assess the extent of your own obligations, if any.
Every jurisdiction has its own incorporation timeframe. Please refer to our jurisdiction comparison table. Once the company has been incorporated, it will generally take about two to six days for the corporate documents to reach you.
You can either pay by Paypal, credit card/ debit card or wire transfer.
Having our own offices or partners in the jurisdictions where we provide our services, we are able to offer straight-forward and competitive prices, thus we can avoid any intermediaries.
With the Hague Convention, the whole legalisation process has been deeply simplified by the delivery of a standard certificate entitled “apostille”. Authorities of the state where the document was issued must place the certificate on it. It will be dated, numbered and registered. This makes finalising the verification and registration through the authorities who forwarded the certificate much easier.
The Hague Convention currently has over 60 countries as members. Furthermore, many others will also recognise an apostille certificate.
The countries listed below have approved the apostille certificate as proof of legalisation. Although it is likely to be accepted most of the time, a consultation with the legal entity supposed to receive it is recommended.
The DUNS number is a unique nine-digit number that identifies business entities on a location-specific basis. Assigned and maintained by Dun & Bradstreet (D&B), the DUNS number is widely used as a standard business identifier.
Your DUNS number will be used to check the identity and legal-entity status of your organisation as part of our enrolment-verification process, especially relating to internet services, game/app development (like SSL), Trust Seal on your website or your Apple/Google apps development account – even with applications to credit and financing institutions.
Your DUNS number will be directly linked to your company’s credit file and will play an important role in your company’s search for credit and financing. With a DUNS number and business-credit report, lenders, suppliers and creditors will now be better able to assess the creditworthiness of your business.
When registering for your DUNS number, you will need the following to hand.
With Offshore Company Corp services, we can support you with everything. Your DUNS number can be issued within 2-5 working days and for a fee from US$190, depending on the jurisdiction your company is registered in.