Offshore Company Registration - Things to Remember When Going Global

Posted by Sterlingoffshore on August 24th, 2016

Once you have decided that registering a company offshore is the right move for you, the next step is to decide where you would like to set up your company and how you want to go about the process. Here are some tips from the world’s top offshore company formation specialists: 

1. Choose the right adviser 

It’s never a good idea to try your DIY skills on something as serious as offshore company registration (unless you have a lot of experience and all the required skills to do so). It’s more prudent and infinitely more practical to choose an adviser or offshore company formation consultant with extensive knowledge and connections in your chosen jurisdiction. 

2. Pick a jurisdiction that best fits your requirements and goals. 

Research is very important as not all jurisdictions are respectable and reliable. It’s hard to go wrong with those that have an established reputation. Be sure to choose a country that is stable and can accommodate tax exemption (partial or full). Some of the best choices today include Anguilla, Belize, the British Virgin Islands, Panama, and Seychelles. All of these have strong and long-standing good reputations as offshore financial centers. 

3. Discuss costs right away. 

Some international offshore company specialists list their prices on their website, but many don’t. You always have to ask. Confirm the costs of registering an offshore company with them early on, once you express your interest in hiring their services. Note that the usual fees include initial setup fees and yearly renewal fees. Some of the best offshore company formation consultants offer flexible solutions to serve varying needs. Talk to them to find out which option is the best for you. 

The Bottom Line 

Setting up a company in another country need not be a complicated process. When you have the right adviser, the process can be straightforward; in fact, in certain jurisdictions like Seychelles, a company can be registered in as little as one working day by the company registrar. If you want to open a bank account, you might need several weeks (depending on your ability to meet the requirements). 

Working with the right offshore company registration specialist can help you avoid the pitfalls and delays associated with overseas company formation. Try to get recommendations from people who have done this successfully before. To be able to make an informed decision, you also need to do some research and educate yourself on this matter. 

About the Company:

Sterling is a leading licensed and regulated corporate, trust, foundation 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.