What Is an Offshore Company Registration and Why Do You Need One?

Posted by Sterlingoffshore on February 18th, 2016

Setting up and running an international business can be daunting. Just thinking about the costs as well as the taxes is enough to put stress on any business owner. Often, there is a legal way to set up a company for international business and keep it running without having to pay large taxes. An offshore company registration often allows you to enjoy minimised tax legitimately. Several jurisdictions offer either special tax exempt or low tax companies that are exempted or pay a low statutory rate of tax and others have territorial tax systems which makes it possible to utilize their companies for business outside thejurisdiction with the same tax benefits. An offshore company registration can give you different types of tax and privacy benefits, depending on the type of company you are running and the offshore location you have chosen.

It is important that the offshore company registration and formation provider you hire is knowledgeable and qualified. They should be able to offer different offshore company formation jurisdictions that you can choose from. Some are even able to offer complementary services, like off shore bank accounts, company secretary, trusts, foundations, virtual office, nominee shareholders, and professional directors.

Aside from enjoying lower taxes, other benefits to registering with an offshore company include confidentiality, asset protection, and reduced administration. Enjoying confidentiality, your company is not required to publish its financial information or even the details of shareholders and directors.

There are several steps involved in registering an offshore company. Make sure that your offshore company registration and formation provider will be there for you at every step of the way so you can avoid any legal issues.

It all starts with consultation and guidance. The firm should address all your questions and concerns regarding potential benefits as well as potential risks when it comes to taxation. The firm should also help you prepare all documents for offshore company formation. The draft should include important details, such as the shareholder agreement and intended purpose of the offshore company. The next step is company registration and incorporation, which should be handled by the offshore company registration provider. They will deliver all documents to the offshore company registrar and then return these along with a Certificate of Incorporation to you.

Some of the best offshore company registration providers do not stop at registering your company. They can also offer extra services to help keep your business running. These include domiciliary services like local registered offices, local company secretary, local registered agent, and safe custody of records, books, and registers. For best results, make sure that you are working with a company formation and registration provider that is licensed and regulated by the Financial Services Authority, too.

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.