Incorporate Offshore

Business Incorporation Services

The average American works many hours a week to achieve wealth. However, they spend less than one quarter of that time in pondering over how to protect their wealth. Since this is an age when lawsuits are becoming the norm rather than the exception, it is quite easy to lose everything a person has worked for. A single misstep is all it takes. Scores of issues like debt problems, tax headaches and employment issues make it easy for anyone to fall into a legal pitfall that expose his assets to liability.

Because of this, strategic asset protection is a vital part of any business. Incorporating a business is one of the best ways to minimize exposure to liability and maximize benefits that you would never enjoy as a sole proprietor. This is true regardless of whether it is a limited liability company or a corporate.

In a typical partnership, proprietors and partners are personally responsible for the liabilities of the business, including loans and legal judgments binding on the partnership. However, in a corporation, directors, officers or stockholders will not be held liable for the debts and obligations of the company. Thus, incorporation helps shield your personal assets from the prying eyes of creditors by keeping personal assets separate from your business assets. When creditors have no idea about your true net worth, they are less likely to sue you.

Incorporation also offers an array of fringe benefits like life insurance and medical reimbursement schemes, retirement plans, annuities and deferred compensations. Incorporating your business makes it easy to transfer ownership. Corporations can easily raise funds through the sale of stock. Corporations can acquire their own credit rating, regardless of the owner’s or shareholder’s personal credit scores. Besides, businesses enjoy indefinite durability and are not affected by the death of an individual.

Companies that specialize in business incorporation services generally conduct a corporate name search to ensure that you choice of name is available. They will also handle all the legal aspects of incorporation. They will advise you on the best state to incorporate, whether it is your own or a state like Nevada which has some of the most pro-business laws in the country. To decide this, they take into account several aspects like the state’s regulatory environment, statutory laws and tax requirements. They also calculate the cost of filing fees for that state.

It is important to work with an incorporation company that has been in the business of incorporation for several years, so you can avoid costly mistakes.

BVI Offshore Registration: All That You Need To Know To Get Started

The British Virgin Islands is one of the best places for a refreshing vacation. These islands are the vacation paradise of the Caribbean with beautiful white sand beaches, a breathtakingly beautiful sea, shops for buying souvenirs and fine restaurants to fulfill your desire of enjoying the best food available.

Doing business and establishing a British Virgin Islands offshore company is just as enjoyable as spending a vacation here. BVI offshore registration is being used by thousands of businessmen to avail the concessions being granted to them by friendly BVI offshore tax, laws and regulations.

Things to keep in ming for BVI offshore tax planning:

Although the government of British Virgin Islands has signed treaties with the European Union to impose certain taxes such as a with-holding tax whose initial rate was decided to be 15%, and a treaty with the United States which erodes the privacy available earlier, British Virgin Islands are still one of the best places in the world to establish an offshore company.

The British Virgin Islands IBC legislation was introduced in 1984 but it continued its development process. It was subsequently amended in 2006 taking into consideration the changes required by persons providing BVI offshore services.

BVI Offshore Registration Information:

This page provides you concise information about BVI offshore companies bvi offshore tax laws, to help you understand the process of formation of a British Virgin Islands offshore company and doing bvi offshore tax planning.

The process of bvi offshore registration can take a minimum of 6-8 working hours (subject to required approvals and the submission of all Know Your Client Documents) and usually under normal circumstances, BVI Corporations can be incorporated and registered within 3 working days once all paper work is completed. Banking in the BVI is perhaps the best developed of the major tax havens barring Switzerland.

Important points about the structure of companies incorporated in British Virgin Islands:

* Only one director or shareholder required for the company formation.

* Shareholder(s) and director(s) may be the same person.

* The shareholder(s) and director(s) can be a natural person or a corporate body.

* There is no requirement of appointing local shareholder(s) and director(s) for British Virgin Island Companies.

* There is no requirement of resident secretary.

* There is no requirement for any financial statement of accounts or records to be kept for a BVI Company;

* If it is found to be desirable or necessary by the director(s) or shareholder(s) these records may be held anywhere in the world.

* There is no requirement for meetings of shareholder(s) and/or director(s)

* If meetings of shareholder(s) and/or director(s) are desirable these meetings can be held by telephone or any other electronic means of communication providing that all participants can clearly hear each other.

* Meetings if thought necessary can be held anywhere in the world.

A BVI offshore company is usually formed to avail of the tax benefits available in the islands. A modified act was introduced in 2006 to keep the offshore benefits while still appeasing the Americans.

Benefits Of Offshore Companies

The prime object of setting up of an offshore company is to get maximum benefit from the economic opportunity of the company in which you are going to start your business. An offshore company, alternatively known as non resident company, offshore shelf company, or international company, is a company that does not carry out its business operations in its own country but in another country.

There are many reasons why people prefer to set up their businesses overseas, tax benefits and privacy being the prominent. However, some prerequisites are there to form an offshore company, such as Memorandum and Articles of Association detailing the objectives of the company as well as the rights of the members, Certificate of Incorporation which should be issued by the registrar of the company, directors, shadow directors, members, company secretary, statutory records, and proper bookkeeping.

Offshore companies are of different types including Limited Liability Company, Limited Guarantee Company, Protected Shell Companies, International Business Company, Companies Issuing Shares, Trusts, and Partnerships. All of these are just few among the many of the different types of companies that can be set up abroad.

However, the laws and regulations that govern these companies vary from country to country. Above mentioned are just an introduction on offshore company as well as its requirements and different types. Further elucidated in this article are some of the prime benefits of offshore companies.

As mentioned earlier, foremost of the benefits of offshore companies is that these organizations can perform their business without corporate taxes, which in turn allows companies to save considerable money. Tax benefits also helps for reduced regulatory cost and minimized compliances.

Another prime benefit of offshore companies is that they allow you to carry out business as an international entity; i.e offshore companies possess the same rights an individual has, hence can make investments, buy and sell real estates, trade in bonds and stocks, and set up any kind of business activities as per the laws of the country.

Likewise, setting up of a company overseas allows you to keep your business activities confidential, i.e it offers maximum privacy. Since companies are held by the Trust, the ownership of the company is held by the trustee.

This in turn provides maximum tax planning benefits. Apart from business confidentiality, offshore companies enjoy financial privacy, since these companies need not have to file their annual accounts with the government and also details of shareholders are not disclosed. Benefits of offshore companies also cover asset protection, as it enables the business owners to effectively manage wealth and to possess investment portfolios comprising bonds, cash, and stock.

Estate planning also forms a great benefit of offshore companies, which enables you to avoid capital gains and property transfer taxes via owning real estate and land. Above all, an offshore company can own intellectual property, consisting of copyrights, certificates for computer software, patents, and trademarks. On procurement of these rights, an offshore company has rights either to enter into license or franchise companies with those companies that are interested in utilizing these rights.

To summarize, offshore benefits provides a host of benefits such as:

- Trading on international level

- Tax benefits from treaties through intermediary holding companies

- Utmost confidentialty and wealth management

- Personal security

- Enables for property and land ownership

- Professional services

- Royalty and patent as well as copyright holding

- Listings on stock market

- Expertise on capital raising

- Tremendous savings on the reduction payroll and travel expenses

- Enhanced profit via franchising, licensing, and intellectual property rights

However, the aforesaid benefits can be derived only if you choose right jurisdiction for your business requirements. Some jurisdictions may be best for carrying out professional services, while some may be best for holding assets and investments.

There are jurisdictions whose specialties are ship ownership and management. Other jurisdictions may be suitable for conducting businesses in trading, holding investments, and financing. Hence, it is advisable to lean on specialists in order to get expert help for the formation of offshore company.

Many of these companies are competent, and offer services to choose most suitable business jurisdictions that go with your business goals, setting up of the company, incorporation of company, asset protection, company management, and secretarial services and offshore banking services.

Top Offshore: Make An Informed Choice Of Jurisdiction

Generally top offshore choices are made on the basis of confidentiality, cost, ease of communication, complexity of the incorporation e.g. trusts, protected cell companies, resident companies or simple IBCs, and speed of response.

There are different types of jurisdictions:

1. Well established, full service, expensive, can handle complex incorporations, require extensive Know Your Client due diligence, and are manned by very experienced professionals. e.g. Switzerland, Guernsey.

2. Full service, focused on international business companies, with experienced professionals, require extensive Know Your Client due diligence, but without the glamour of a Switzerland, but not so expensive. e.g. British Virgin Islands [BVI].

3. Established only in the last 15 years with extensive tax treaties with selected countries, less extensive KYC due diligence, can handle complex incorporations but have less experience than their European counterparts, are less formal and less expensive. e.g. Mauritius.

4. Established in the last 10 years, simple KYC documentation, focused on International Business Companies [IBC], have better confidentiality norms because are not so big and do not have disclosure treaties with the US or EU. e.g. Seychelles

A lot though depends on what you are going to use the company for! Below is a summary of the different types of jurisdictions:

1. Switzerland: Old, well established, good for complex transactions, experienced service providers, good for the wealthy, very expensive.

2. Guernsey: Well established, focus on financial services companies, Know Your Client [KYC] documentation is complex. Expensive but easily accessible for the old world clients.

3. Mauritius & British Virgin Islands [BVI]: Medium costs, full service, Mauritius has double tax treaty advantages, and simpler KYC documents.

4. Seychelles: Focused on simple International Business Companies, inexpensive, simple to form a company, quick.

But which kind of company do you need? Do you want to invest in India or China or a specific country? Or is it for trading overseas? Or another reason?

You will need to examine why do you want an offshroe incorporation? What is your type of activity. Do you want a full service jurisdiction or one that is cheap. And what about communication ease? How comfortable are you with the documentation?

Making a choice for your top offshore jurisdiction is dependent on various factors as also anonymity. Mauritius and Seychelles have followed in Switzerland’s footsteps and made it a criminal offense to disclose client information to anyone.

However, since 9/11, both the US and EU have put severe pressure on most of the popular jurisdictions to disclose information. British Virgin Islands [BVI] has signed a comprehensive treaty and Mauritius a water down version. In any case both Seychelles and Mauritius are far enough away and not very important to either the EU or the US at this time.

I recommend Seychelles as the top offshore jurisdiction for most of the simple cases and Mauritius for the more complicated requirements. However if you are more comfortable with the ‘Old World’ tax havens, then the top offshore jurisdictions are Switzerland for the complicated cases and BVI for the simple ones.

Register an Offshore Company and increase your profits and get in front of the competition!

The financial marked has changed and you need to consider to increase your profit of your online sales for two reason, first due to the competition while more and more Online Shops and businesses will go and reduce their price structure you need to have competitive prices on your products and services too, secondly while many see a decrease of the products services sold you need to earn more on each item as before to survive.

By just lowering your prices you would in many cases easily drive more sales into your pocket but you will soon face that this also means you need to sell more to get the same out of it.

A simple calculation which we did for a new client was to consider to take the entire business Offshore for Instant in Cyprus, the payable TAX for international business companies is 0% TAX which means if you lower your pricing per item with let’s say 15% (which would be the TAX you had to pay if you continue as you do now) than you won’t lose any money by reducing the price on your products or services but will at the same time get very competitive towards the competition.

It is important to consider any possible aspect to increase the costs doing business and at the same time be able to reduce the price to serve the consumers which at the moment (due to the financial crisis) only hardly want to spend any money.

A marked survey which has been made in Europe show that we are all more willing to spend money even in this financial crisis, if we can get the product or services we need to a reduced price.

How can I register a Cyprus Company, should be the question you ask yourself now.

CCLOGIC LLC has been in the Offshore Company Formation for years now and been of great help for many of our clients worldwide, many fail on finding the right Agent which can help with this service and get the job done fast and secure, we register a Cyprus Company and can open a Cyprus Bank Account within 7 – 14 days and ensure that everything is incorporated properly with Apostille of Documents and Company Certificates.

The Cyprus Bank Account comes with an Advanced Internet Banking (e-Banking) and as multi currency account (USD, EUR, GBP) – Your Cyprus Company can be registered as anonymous company with nominee shareholders and directors or with yourself or your holding company as director. You have to pay a 0% TAX rate to the TAX Authorities in Cyprus and conduct business worldwide with your Cyprus Offshore Company setup. You have a 100% assets protection and no limitation at all; any business can incorporate in Cyprus.

CCLOGIG LLC is a official Introducer for the major Cyprus Banks and has been serving several hundred clients with the Cyprus Company Formation and opening of Bank Accounts but we can more, we have a bride knowledge about the hassle to accept credit card payments Online, we have partnered with several Acquiring Banks around the world to open Offshore Merchant Accounts and to provide secure and reliable credit card processing for your website.

CCLOGIC LLC is a All in One Financial Service Agent which goal is 100% satisfaction for our clients, contact us today and let us help you to be a successful business which is in front of the competition.

Tax lawyer in costa rica : Offshore Companies in Costa Rica

Offshore companies in Costa Rica are useful for many reasons.  One of the main benefits is that tax free interest many be earned by cash assets held offshore. Individuals and corporations use offshore companies to protect and hold assets like stocks, bonds, cash etc.

Offshore companies in Costa Rica provide privacy, potential for tax free income on investment and rarely have fees encountered with traditional finance institutions.

Taken in whole, all these benefits add up to more available cash for investment.

Offshore venture capitalists register trademarks in Costa Rica. This gives them the legal right to make franchise or license agreements utilizing the rights world wide. Income earned from these arrangements accumulates in offshore companies where the tax structure allows for low, if any taxation. Any patent, copyright (intellectual property including computer software and technical knowledge) or trademark can be assigned to or owned by an offshore corporation.

Another creative use for offshore companies in Costa Rica is the trading of goods. By buying at low cost from one country, an offshore company in Costa Rica can resell the goods at a higher price. The tax free profits are deposited into offshore companies in Costa Rica.

Real estate holdings offshore companies are useful to avoid local inheritance taxes and to eliminate capital gains tax. Real estate holdings offshore companies in Costa Rica neutralize succession laws in force in countries where law dictates heirship.

Obviously, offshore companies in Costa Rica are a very complex, intricate subject. Most of us are not sophisticated enough to venture into this arena without benefit of a tax lawyer in Costa Rica to help us effectively and legally make use of Costa Rican offshore companies.

It is interesting to note that many of the websites found when searching for tax lawyers in Costa Rica, are actually based in the US. The US tax structure has resulted in large amounts of Americans utilizing the tax structure of Costa Rica and taking advantage of the benefits of incorporation and offshore incorporation in Costa Rica. Face it, it is much more profitable to deal in offshore investments in Costa Rica than to have capital gain and inheritance tax on top of income tax as in the US.

One purpose of the tax lawyer in Costa Rica is to help set up offshore trusts, corporations and individual accounts. Other responsibilities of the tax lawyer in Costa Rica are to set up and help implement strategies both short and long term and to pursue every legal avenue available to exploit tax savings.

You cannot effectively operate with offshore companies in Costa Rica with out a tax lawyer in Costa Rica to guide you every step of the way. Without benefit of a tax lawyer in Costs Rica, chances of avoiding tax trouble are slim.

What are the Benefits of Offshore Investing

The most important advantage in offshore investing is that you can make a lot of money without paying almost any taxes.If the investor lives in a place where he pays taxes like most countries then he will only pay taxes on his dividend or interest made.

Offshore funds have a clear advantage over their high tax counterparts even if income potentials were similar. They mainly offer financial services in general but concentrate particularly on offshore investment. It is very well known that funds offer the investor an affordable and easy method to access a wide variety of professionally managed investments.

All these different kind of offshore funds and their onshore competitors carry several benefits.Not only the fact that the offshore funds have tax benefits but that they are scructured in the same way as their onshore competitors.They also clearly state that they are registered offshore.

A wide variety of offshore investment are out there such as income, bond, capital, money, property, equity and rising market funds.All these different funds have a lot of benefits such as affordability, tax benefits, diversification, regulation, variety and professional management.

Most of these offshore funds carry a wide variety of comomodities in their portfolio.Investors who are into currency trading will definately like offshore investment funds.When investing in offshore funds you will have the possibilty to spread your investment in such a way that you reduce your risk and and create the potential of making higher profits.When you are not an active trader the offshore investment funds offer managed and pooled accounts to invest in.

Keeping your assets offshore or offshore investing is not necessary if you are an expatriate, but it is considered to be the most tax efficient way of managing your money. Hence if you are interested in offshore investments, these funds are available on the internet. Hedge funds can be considered in case tax is not the deciding factor in using offshore funds or an offshore trust.

Expatriate insurance and offshore funds are based on the same priciple,they are both professionaly managed and keep well diversified portfolios.

To be considered as an offshore fund the first thing that is needed is being incorporated in an offshore country and only except investors which do not live in that particular country.Most of these funds pay almost no taxes in there country of incorporation but they can receive dividends or interest on funds which are invested in their jurisdiction..

Since there is an increase in the purchasing power through pooling money with other investors through an investment fund, the investor has potential exposure to a far broader portfolio of investments than would otherwise be affordable with his level of investment commitment.

Offshore Company, Shelf Company and IBC Company, what!

Offshore Company:
A offshore company is simply a company registered in an Offshore Jurisdiction and which is subject to only little to no tax and which has many opportunities to increase profits and for a proper assets protection.

Shelf Company or Ready-Made Company:
This isn’t any different than any other company registration, it simply means that you buy a already incorporated company in the jurisdiction of where you want to conduct business. A shelf company is often faster to start trading with and in some cases where the incorporation speed is essential a good way to cut down the time frame it normally takes. A Shelf Company in as an Offshore Company often also gives you a lot of other possibilities like anonymity and subject for 0% Tax.

IBC or International Business Company:
An IBC  is a company which is registered in an offshore jurisdiction and often also just a simple offshore company for instant a company in Cyprus. When a company gets the status to become an International business company, then it has in many parts of the world the status of a cero percentage of TaX but it is also not allowed to conduct business within the jurisdiction of incorporation. That mean if you register an IBC for instant in Cyprus, you can’t make any business within Cyprus, the IBC can only make business with others outside of Cyprus. This doesn’t mean that your IBC never is able to do business within the same jurisdiction but if it do, they are subject to TAX and will (in some cases) not be treated as an International Business Company any longer.

Does that mean that I can become an Offshore International Business Company and as an Shelf Company?

Read more at Offshore Company Formation

What are the Benefits of Offshore Company Formation?

There is more than one reason why one should open an offshore company. From saving money on taxation to operational ease, owning an offshore company opens the gateway to many such benefits. Being easy and quick, offshore company formation has become quite common nowadays. With the availability of service providing agencies, one does not require facing the usual hassles of incorporating a company overseas.

It cannot be denied that the chance of enjoying tax reduction or tax negation remains the strongest force behind offshore company formation. As a rule, any businessman who invests offshore by opening a bank account or by incorporating a company gets some tax reduction benefits. If the company is established in a low or no tax jurisdiction, it will save the person substantial amount.

Again, if the company comes within a particular jurisdiction and never derives any income from the economy of that particular locality then it can operate completely free of tax. Such type of scope certainly says a lot in favour of offshore company formation and drives more and more people to go for it. Together with this, there is the simplicity of formation process that encourages the hitherto reluctant group of entrepreneurs.

Apart from reduction (in some cases negation) in taxation, the convenience of operating a company overseas encourages many people to go for offshore company formation. In an offshore company, there are generally less operating restrictions, and limited accounting and auditing requirements.

The standard to be maintained by the business and the employees, including the directors, is also less restrictive in an offshore company. Among the other important benefits of offshore company formation, there is better scope for asset protection and personal privacy protection. While the former helps to keep the company assets away from probable litigious action, the latter gives scope to maintain high level privacy by not exposing personal information.

Form an Offshore Company

Offshore corporations can be formed in Panama relatively pain free and offer businessmen a degree of privacy protection that an onshore company simply cannot provide.

For the purpose of incorporation, you should have at least two people who are authorized to act as organizers for your company as well as a minimum of three directors, the names and addresses of whom will be kept on public record as directors of your Panama based corporation. The individuals who be acting as organizers for your company will have to appear in front of a public notary to prove their identities.

If you are a trifle apprehensive with the idea of having your name show up in the company’s registered documentation, you would be well advised to employ the services of a Panama legal service that will be able to offer nominee directors with signed resignation letters on your behalf.

Panamanian law stipulates that at a minimum the corporation needs to have a; president, treasurer and a secretary. One individual is able to serve as both a President and Treasurer, but the same person cannot be a President and Secretary. The officers your company requires can be provided by a Panama lawyer. Using these officers essentially keeps your name out of the public registry in Panama making ownership difficult to prove.

One of the advantages of establishing an offshore company in Panama is the fact that it is not compulsory to have paid-in capital. However, Panamanian corporations have a standard capitalization requirement of $10,000 for every offshore corporation established.

All of your offshore company records will be filed in the mercantile registry in Panama. Although Panama does not require you to maintain records for your offshore company it may be a good idea for some people especially citizens of the US. In addition, Panama law stipulates that financial statements need not be filed for your corporation so long as the money paid into the company arrives from offshore.

Shares can be made out anonymously in a bearer share format which in essence means that an individual who holds the actual physical share certificates also owns the company. Thus, ownership can easily be passed from one individual to another with no public record of the sale required.

A non-resident Panama offshore corporation can take anything from four to six days to form but in some cases a twenty-four hour express service is available depending on which law firm or service you choose to utilize. If you decide to form an offshore company in Panama it is recommended that you hire a Panama attorney. A lawyer in Panama can provide you with nominee directors and officers as well as making sure to file all of the proper paperwork for your company with the Panama government.

A lawyer will also visit the public registry on your behalf and file the necessary paperwork since only a Panama lawyer can do this. Forming a Panama company can be done without ever visiting Panama provided you work with a reputable firm. You will need to get copies of your identity documents authenticated through the use of a public notary and the apostille process.