Benefits of Offshore Company Registrations

Posted by Sterlingoffshore on January 18th, 2016

Tax effectiveness is the primary advantage that comes to most people's minds when they think of offshore company registrations. A non-resident company is typically tax exempt or enjoys lower taxation levels in the country of incorporation, depending on the country where it is registered.

You might also be considering opening an offshore company to increase the level of confidentiality and privacy of your business, aside from legally minimizing taxes. Confidentiality is the second biggest reason for registering an offshore company. Some countries do not require you to publish the details and financial information of shareholders and directors. Most financial jurisdictions will keep the information restricted from any third party (unless terrorist or criminal activities are suspected). Anonymity may go together with confidentiality, especially if you are not required to disclose private information about your company. The names of your shareholders, directors, and officers may be excluded from the documentation.

Officers and directors of offshore companies have minimal legal obligations. In a way, you might be able to save money and time, too, because you can use virtual office services that are far more cost effective than hiring your staff and renting office space. An offshore company registration may provide legal protection, too. If a legal action is pursued against you, having your assets in an overseas company can keep you from losing everything. It can protect your assets from court rulings, judges, and your legal opponents.

An offshore company can be a good way to protect real estate investments and intellectual property. It is easier and quicker to set up an offshore company, too, albeit the increasing anti- money-laundering measures being enforced and applied to block terrorist funding and prevent criminal activities have made the process a bit more onerous. Registering the company requires minimum capital, which is usually less than what is needed for an onshore registration. Some jurisdictions do not even require any capital to register.

You can set up your offshore company with help from a licensed and reputable consultant that specializes in company formation and management. With their help, you can get advice and information on jurisdictional structuring and learn how you can take advantage of corporate and jurisdictional frameworks. Look for an offshore company formation consultant that is regulated by the Financial Services Authority. This way, you can be confident that you are working with an expert who can ensure a smooth and hassle-free offshore company registration.

About the Company:

Sterling is a leading licensed and regulated corporate, trust, fiduciary and fund services provider delivering specialised solutions for a global clientele of international corporations, institutional investors, high net worth individuals and families as well as their intermediaries. Whether an end user of our services or an intermediary, Sterling provides an efficient, personalized approach to ensure smooth, efficient delivery of services that meets the requirements of each client.

Sterling establishes, manages and administers offshore companies and international companies, offshore trusts, private foundations and funds utilized in various structures for an international clientele spanning over 80 countries.  These entities combined with Sterling's supporting services allow us to provide a number of different solutions designed to achieve specific objectives of our clients.  These objectives broadly include asset protection, international investment, tax optimization and foreign market entry.