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  • The truths and myths about offshore companies
  • Who is eligible to set up an offshore company
  • Choosing the right type of an offshore company
  • Choosing the correct offshore jurisdiction
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Seychelles general information

Seychelles: general information

Presentation of general information about the Seychelles, peculiarities of the historical, political and economic development, investment environment, business industry and set of financial instruments as well as international reputation of the jurisdiction

Seychelles general information
Why to choose Seychelles?

Why to choose Seychelles?

Detailed research of features and advantages of all business companies types which could be incorporated within the jurisdiction of the Seychelles

Why to choose Seychelles
Seychelles: IBC & CSL

Seychelles: IBC & CSL

The brochure is devoted to research registration process, capabilities, tax rates and application practice in business environment of Seychelles IBC and CSL.

Why to choose Seychelles
Seychelles: Foundations, Trusts, Limited Partnerships

Seychelles:
Foundations, Trusts, Limited Partnerships

The brochure deepen in the essence of the next types of Seychelles entities such as foundations, trusts and limited partnerships which are considered suitable vehicles for international tax planning, assets protection and other financial activities.

Why to choose Seychelles
Seychelles: Cooperation between companies

Seychelles:
Cooperation between companies and banks

The brochure provides considering relationships between banks and entities that is a natural extension of opening an entity in the Seychelles.

Why to choose Seychelles
Seychelles: frequently asked questions

Seychelles:
frequently asked questions

The brochure summarizes the survey about Seychelles offshore and answers some frequently asked questions, which arise when acquainting with the Seychelles jurisdiction.

Why to choose Seychelles
UNITED KINGDOM: OVERALL REVIEW

UNITED KINGDOM: OVERALL REVIEW

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: OVERALL REVIEW
UNITED KINGDOM: LTD & LLP (part 1)

UNITED KINGDOM: LTD & LLP (part 1)

This brochure presents an information about tax rates and tax residence status in the UK. In addition, it is studying the details of the most demanded business structures, particularly Private Company Limited by shares (LTD) and Limited Liability Partnership (LLP)

UNITED KINGDOM: LTD & LLP (part 1)
UNITED KINGDOM: LTD & LLP (part 2)

UNITED KINGDOM: LTD & LLP (part 2)

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: LTD & LLP (part 2)
Public Limited Company

Public Limited Company

In this brochure, the leading experts of our company provide answers on the most popular questions related to this business structure. There is an excellent possibility to fill up your knowledge by information about doing business with the help of Public Limited Companies, receive an explanation on the rules how to sell the company's shares on the stock market and other advantages.

Public Limited Company
Scotland: WHY NOT?

Scotland: WHY NOT?

This brochure fulfilled the UK jurisdiction series with Scottish business structures. All the requirements, practice of application, advantages, main differences between the UK LLP and Scottish LP and other issues are examined in this survey.

Scotland: WHY NOT?
Hong Kong: Comprehensive Review

Hong Kong: Comprehensive Review

This brochure dedicated to inform about business atmosphere and business facilities in the studied jurisdiction, explain the reasons of popularity of Hong Kong entities for tax-optimisation purposes. Familiarity with this brochure is the first step on a way to the possibility of carrying on successful business in stable economic conditions of Asian region with maximum benefits.

Hong Kong: Comprehensive Review
Hong Kong: Choosing Business Vehicles

Hong Kong: Choosing Business Vehicles

The present research concerns the most popular forms of business organization in Hong Kong, as well as the basic rules of their use for the purposes of breaking down the tax burden. The brochure contains a number of clarifications regarding the demand for offshore structures in Hong Kong, a minimum set of requirements for the establishment and registration procedures.

Hong Kong: Comprehensive Review
Hong Kong: Frequently Asked Questions

Hong Kong: Frequently Asked Questions

This brochure summarizes the research concerning the reasons of popularity, business opportunities, tax rates, companies and partnerships in Hong Kong. This is an interview where our manager answers frequently asked questions, appeared during the time of studying the Hong Kong jurisdiction.

Frequently Asked Questions
Business Purposes: Regular Practice

Business Purposes: Regular Practice

The brochure says on corporate and classical targets of Hong Kong enterprises, provides examples of practical use of the enterprises established in Hong Kong. Here we specify the long-term and short-term goals of business structuring, as well as the use of Hong Kong enterprises to operate as a trading company, the company, opening a representative office in China and a holding company, which owns the rights to ownership of the company in China.

Business Purposes: Regular Practice
UnitedKingdomOverallReviewBrochurePopup
HongKongOverallReviewBrochurePopup
What for you need to create an offshore company

What for you need to create an offshore company and what jurisdictions is the best variant in your case? What is the usefulness of the nominal service and what we can advice before creating an offshore company.

All the information can be found below.

FAQ Offshore

FAQ Offshore

What is an offshore company?

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An Offshore company is a company registered in a country where it doesn't carry out its trading activities. Owners register their companies in offshore areas because this enables them to enjoy tax benefits in the selected jurisdiction. However, the business cannot into that jurisdiction.

Why do I need to create an offshore company?

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Increasing profits without increasing workload by moving to an optimal taxation system is the key advantage of an offshore company. In addition, it allows you to take advantage of legal and administrative flexibility. All offshore jurisdictions guarantee some degree of anonymity and bank secrecy. There is usually no need to be physically present in the country of registration, because everything can be done remotely, using modern means of communication.

In which jurisdiction is it better to create an offshore company?

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The main criteria are:

– Tax advantages;
– Modern means of communication;
– Economic and political stability;
– The country’s reputation;
– The possibility of effective control.

However, each jurisdiction is unique; the laws, benefits and taxation rules are different in each country. The selection is made in accordance with the company’s proposed activity and geographical operations as well as the project’s intended duration. We offer the opportunity to register a company in many countries and can highlight the strengths and weaknesses of registering in each of them. This information can also be found on our website.

Who creates offshore companies?

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Several categories of people create offshore companies: entrepreneurs, consultants, advisors, owners of movable or immovable property, people planning their inheritance position, dealers, people involved in trading international, and internet commerce operator (with no fixed location anywhere), among many others. Although anyone can create a company it is more advisable to have a minimum turnover of € 50 000, to justify the cost of setting up and running the structure.

How much time it takes to form an offshore company?

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It all depends on the country of incorporation. Some are set up within 24 or 48 hours while others require longer time (up to a month). Documentation requirements may also vary depending on the country of registration. The speed and quality of service is also completely dependent on country of choice.

What is the difference between a director and a shareholder?

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Shareholders are individuals or legal entities who own the company whereas a director is someone who is responsible for company’s organization and management. The shareholder and director may be the same person, and this arrangement is common in smaller companies.

Do I have to pay taxes on the dividends or on interest?

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No country in which we operate imposes taxes of this kind on companies, except for Hong Kong and Cyprus. In Hong Kong only local income is subject to tax.

What is a nominee?

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A nominee shareholder is a person in whose name the company is registered. This enables the real owner of the company to remain anonymous. A nominee director is a person who appears as director on all official documents; this person performs a number of duties and receives a cash compensation for this. A nominee director is not entitled to make management decisions and is used exclusively for confidentiality.

What is the notarization and apostille?

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Notarization means that a documents has been checked and proves that copies are authentic. This helps to evidence the legal status of the company and may be required by various bodies (banks, trade partners, lawyers etc.) An apostille is a type document legalization certified by the authority of government jurisdiction which is a party of the Hague Convention On The Legislation Of Documents. With these documents you can be sure that your company is correctly registered under the laws of the country it is formed in.

Will I be charged an annual fee?

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You will need to pay an annual renewal fee some time before the anniversary of the company creation. The amount varies depending on the jurisdiction.

What do you advise before creating an offshore company?

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Read the information in the section "Offshore Guide" which may be found in the Main Menu. There you will find our ten recommendations to be followed to ensure that your company is stable and will exist for a long time.

What do I need to transfer management of my existing company to Offshore - Express Company?

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The cost of company transfer is €1000, this includes the cost of changing the documents. We will also change the nominee director. It is often cheaper to fix the mistakes of the previous formation agents rather than forming a new company.

Can you open an account for a company that was registered by a competitor?

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Yes, if we have all the documents. You should know that when we form a company, we get a full set of documents that is rarely provided by our competitors. However if some documents are missing, they can be ordered. In some cases it may be cheaper to start from scratch with a new company formation.

What do I need to open an account for the company created by a competitor?

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We will need a certificate of registration, constituent documents (charter/bylaws), as well as information about director and shareholders of the company. If a trustee/nominee manages the company it is necessary to provide the Deed of Trust and Power of Attorney. Also, if the company has existed more than six months we will also required a Certificate of Good Standing. If you do not have a recent certificate, we can order one at a cost of €300.

We used the services of a competitor to open an offshore company, but we still don't have a bank account after a few months. Can you help us in this situation?

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It should be noted that we generally provide services to clients who buy our companies, or register them with our help. We have no problems when opening bank accounts for companies that we form but in order to open an account for a company that is not registered by us, you must first transfer the necessary documentation to us. In some cases it may be cheaper to start from scratch with a new company formation.

Can the client count on us for legal advice and ongoing monitoring services?

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We are not able to provide advice on establishing companies in offshore areas. Frankly, our service does not consist of such consultations, we offer budget formations but do not offer advice or monitor ongoing compliance or provide step by step guidance; for this you should consult a competent tax attorney or accountant.

How can you offer such low costs?

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Quite simply our employees are in the Seychelles, where wages are much lower than in other countries. The average salary is $500 a month, and commission and performance bonuses on wages are virtually unknown. Thus, our customers benefit at the expense of cheap labor. Our competitors are often based in Geneva, where the average salary is €5,000 per month, and performance bonuses and commissions are expected. This means that our per employee cost is around $500 per month, while our competitors often pay as much as €10,000 per an employer, and the savings are passed on to our customers.

How can we open bank accounts in 72 hours?

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We have established long-term contact with many banks. You will need to provide a copy of a passport, a document confirming the place of your residence, as well as information about the company. Rest assured that we can open an account within 72 hours as soon as all the necessary documents are received. We have the capability of physical presence within the bank, whereas our competitors work remotely or by means of the delivery service (such as Fedex). Because of this their applications fall into a common queue and may take several weeks until they are reviewed.

How can we deliver company formation within 24 hours, when our competitors can't do this?

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We provide the service “form a company in 24 hours” only from a predefined list of shelf companies. By comparison our competitors usually require you wait at least ten days to get a notarized power of attorney and an apostille. We also have our own notaries and so can guarantee the certification within one day. All of this means you can start using your company immediately.

Offshore guide

offshore guide

1

Get yourself ready for going Offshore –
Get a phone number and an email

Remember this phrase: “be compliant” whatever you do, make sure you don’t breach the law and you are not doing anything illegal. This is probably the first mistake you can make when setting up an offshore company…You register an offshore company with a nominee director and shareholder, but forget to set up a corporate phone number, to appear on your contracts, invoice and other documents. You also need to set up a proper email address under the company name and not a Google, Yahoo, Hotmail or other free mailbox ! Here are some tips for beginners, to avoid basic errors:

  • Register a new e-mail on the a sensible domain related to the company (not with your personal name)
  • Get a new phone number (in the same country where your offshore company is incorporated)
  • Use a new company name
  • Design a logo for the company

Beware! It is better to use paid services, such as www.mycompany.com, when you set an e-mail but it is never use free e-mail providers such as Hotmail, Gmail, Yahoo. For the phone number make sure to have a phone number starting with an area code which matches the country of incorporation of your company. For example if your company is UK based, get yourself a +44 Phone number.

2

Make a website for your offshore
company

Don’t think for a second that any serious company doesn’t have a website, it will simply look shady and weird, and believe me the taxman will pick up on it. It is better to buy a domain name for your company and preferably from a foreign hosting provider. Why is having a web site a must? Let’s say you invoice € 5000 per month from one client and he gets a tax audit. This will involve checking if your company is real, checking who are they paying to and, believe it or not, one of the first thing they will check seek online for the company website. During a tax audit the inspector will check the following:

  • Company’s website
  • Phone number
  • E-mail (free or paid)
  • Website’s hosting location
  • The domain name owner in a “WHOIS” search

The taxman is not stupid but they do have a list of points to check, so don’t give draw attention to yourself. Their investigation checklist is always the same, they are looking for evidence of substance of the company. If it not found then they’ll just reject all invoices and fine the onshore company. How do they do this? They simply go on Google and check the company out. This will give him the opportunity to find your customers in the fastest and the most convenient way that will play in your favor. Using a toll-free telephone number for an offshore company is also a good way to prove that the company is real and add substance.

3

Draft correct and compliant
invoices

You have opened an offshore company and bank account and now you are ready to send your first invoice. Here are some points to be observed:

  • Draft your invoices in English
  • Set the amount in euros, but specify the conversion rate to the local currency of the territory where you are incorporated, for example, “1 USD = 0,75 EUR”
  • Design the invoice in accordance with all relevant legal requirements including the following contact information: website, phone, fax, email, invoice number, register number.
  • Make the invoice in the currency of your country and add the field “Convert to Euro”

Pay special attention to the correctness of your invoice, because nine out of ten tax audits will quickly spot an improperly drafted invoice.

4

Establish written contact:
Mail – Telephone – E-mail

When dealing with your customers and partners; always specify your e-mail address, telephone number, and address. Any normal company always provides an e-mail address; it is an integral part of any business. This small detail often attracts the attention of tax auditors, remember you must be compliant.

Interact with your customers and partners also over the phone, make calls every week. Get the phone book and record all calls. Like this you can easily contact customers who have a phone line in your country. Offshore companies operators often forget that customers and suppliers must also have incoming and outgoing phone calls from and to your number. Within a few months you should log at least five calls in case a tax auditor wants to see a list of phone calls. The tax inspector will also want to check e-mails, so it is better to send invoices by email with accompanying text, signature, address, phone, etc.

5

Beware of
showing off!

Congratulations, now you have €1,000,000 in your account, and you are wondering what to do with it and how to use it. Be smart, don’t show off, instead invest them and turn them into two million!

  • Avoid ostentatious displays of wealth.
  • Buying an expensive car: remember that everyone will be jealous that they are working so hard, but this is you who earn a lot more money. It is better not to have an expensive car if you live in a small town.
  • Purchase and registration of assets: we advise you do not to open an offshore account abroad to buy a Mercedes in your country and register it in your name. Like this you may attract attention and you may incur a large amount of taxes. It is better to buy a car abroad – it is cheaper and safer. You may be able to also register your car.

6

Investing your money
offshore

  • Whenever you have accumulated a comfortable amount of money, think carefully how to invest it, go to safe places for offshore investments, go to Miami or Ibiza, don’t buy a house in your hometown with offshore money, invest it smartly and keep it away.
  • When buying a home abroad consider establishing of a second offshore company. For example, the company GOODBUSINESS LTD can be used for current operations and trading, while a second company called for example ESTATEHOLDING LTD – will serve to be the owner of your dream house.
  • Why should you incorporate a new company? There are several reasons. Firstly, you may have one get to be in litigation with the customer or suppliers you deal with an asset protection is a must. Secondly it would be hard to justify that your offshore company, known to run a business, will be found to own a house or estate, You should separate these areas! This will keep you assets separate and protected from your business.
  • If you want to buy shares or to make investments, your bank can open a trading account, and you will be able to buy any financial product in the name of your company.

7

Plan for your children
and your family

No one is eternal, so make sure that your children have access to offshore company management and to bank accounts and know what to do, if something happened to you.

In order to be sure about the future of your family just make a bequest to the children and inform the bank that it should provide your wife or children with access to the accounts.

8

Data protection
and security

How can you ensure a high level of security information on your computer? We recommend using a VPN service such as www.tunnelvpn.com which allows you to surf anonymously. Remember that the IP-address of your PC points to your location. This information could be made available to your customers or partners via email. Security: do not keep records of your offshore company in an easily accessible place, store them securely. This should be done even if you do not consider yourself high risk high.

9

Switch company
every 2 years

In case of long-term cooperation with your customers it may be better to organize financial interaction from different company names, in other words do not keep your company more than two years, switch and replace it.

 
Offshore Knowledgebase
TAX PLANING STRUCTURE
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Offshore Express company Контакты:
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Телефон:01 76 38 01 12, E-mail: contact@offshore-express-company.com