Offshore Company Registration - Finding New Ways to Survive

It’s becoming harder and harder to do business in the west, with the virtual annihilation of bank secrecy laws and the ever-growing taxes imposed on certain income brackets. These are but a couple of the reasons why global entrepreneurs and HNWI are forming offshore companies through which to conduct global business or investment. While offshore banking and company registration has always been popular among the wealthy, it is a viable solution even for those with more modest assets. It doesn’t have to cost a lot to put up a company offshore. The key is to register your company at an offshore location where capital requirements are low.  In fact, in some areas, a stated minimum capital isn’t even prescribed..

Ifyour company is tax exempt or subject to a low statutory tax rate in the jurisdiction of incorporationyou mayalso enjoy lower taxes. Your business entity might even become tax-exempt, depending on the laws in the jurisdiction or your particular situation. The guidance of a good tax advisor should be sought to explore all the possiblebenefits.

Maintaining an offshore company can be affordable as there are offshore solutions designed specifically to lower management and administrative expenses. Some of the best offshore company registration providers can cover everything you need for registering your company, be it a local corporate secretary, local registered agent, or a registered office. They can even offer a virtual office for your business address, mailing address, and mail forwarding as well as telephone number, professional directors, officers, management services and more. You can save a lot of money by not having to set these things up yourself.

Make sure that the licensed offshore company registration provider you hire will be able to offer guidance when it comes to regulatory requirements and company laws. A good registration provider should also be able to discuss and assess key requirements and objectives to find the best company solution for you.

Offshore Company Formations for Asset Protection in Seychelles

Seychelles is one of the countries and jurisdictions offering attractive opportunities for offshore company formation. The country has been providing options in offshore company formation since the International Business Companies Act was passed in 1994, and this led to rapid growth in that sector (which is known for its excellent protection regulations). Seychelles has modern legislation and an efficient registrar  making it one of the best jurisdictions to set up an offshore company. It’s easy to see why it continues to thrive as an offshore financial centre.

You can set up an international business company (IBC) in Seychelles to take advantage of a stable and supportive environment. The Republic of Seychelles is an independent member  of the British Commonwealth, and its stable political environment makes it well suited for offshore company formations. There are consultants offering complete offshore company formation packages in Seychelles, with the assurance of support by regulatory and legal authorities.

Seychelles may be the best country to form your offshore company if you want to protect your assets. Its tax-neutral IBC along with tax-neutral trust, foundations and other entities makes Seychelles an ideal offshore environment. The offshore company formation market in Seychelles boasts one of the world's fastest growing registries due to its innovation, wide range of services, and efficacy. Businesses and investors prefer Seychelles for its flexible incorporation regulations, strong confidentiality laws, and low cost. This way, they are able to form an offshore company efficiently.

Apart asset protection, there are many other potential business uses for IBC company in Seychelles. IBCs are used for international trading, professional services and to hold and protect intellectual property and other assets. Likewise, a Seychelles IBC can be used for leasing other assets, financial management, and estate planning. Seychelles has reasonable and standard license fees and does not have any minimum capital requirement. You only need to name a director and a shareholder. Consider forming your offshore company with help from a licensed and regulated consultant that specialises in Seychelles offshore company formation and management.

Uses and Advantages of Seychelles Offshore Company

The Republic of Seychelles is one of the most popular jurisdictions for investors and businesses looking to establish offshore companies because it offers many advantages. It costs just a few hundred dollars to register a company here. The laws and entities available are also designed to help facilitate investment and foreign market entry without being overly burdensome.For example, the government does not require some types of companies to prepare and publicly file financial statements. In those cases, the directors must simply keep accounting records such as invoices, bank statements, contracts, and receipts for material transactions but are not necessarily required to prepare financial statements.

Privacy—which is increasingly becoming scarce in the western world—is still available in Seychelles. You don’t have to worry about the government tracking your every financial move. Seychelles is a 100% independent democratic republic and while committed to adhering to international standards it has much more freedom than jurisdictions under the EU umbrella for instance.

There is no overcrowding of the company register yet; in fact, only around 160,000 international business companies are currently registered in Seychelles (compared to well over one million in the British Virgin Islands). Clearly, a lot of great names are still available.

Seychelles remains on the OECD white list and continues to be a compliant jurisdiction. It has passed Phase 1 of the Global Forum Peer Review and is expected to pass Phase 2 as well by end of 2015. Seychelles has also successfully fended off any “ring fencing” arguments to date which is one of the typical methods of attack by international bodies.   All the advantages given to Seychelles International business companies are also enjoyed by companies owned by Seychelles residents(including tax exemptions). Seychelles has aterritorial tax system,which means only income generated from a source within Seychelles is taxed, anyway.