Offshore Corporation Formation

By: Aneta Florshiminian


A quick internet search will yield you many different companies available to provide offshore company formation services for you. Typically you will find offshore service packages that bundle together these company formation services along with any offshore bank accounts or corporate documents you will require to prove your company is properly registered.

When thinking of hiring an offshore services company to perform your offshore company formation you will find two types of website in your searches. The first kind of site is a lead reseller or "corporation mill". The second type of site is an actual law firm. Resellers will usually have many different packages from every country you can think of. A law firm will only sell packages for countries where they are licensed to do business which in general is only one country. Using the services of a lawyer may cause you to pay a higher price for your package but it is much safer and more private to utilize a lawyer.

Once you have decided on which law firm you would like to use to form your offshore company the first step in the registration process is to assign a registered agent which must be a person from the country where you are forming your company. Typically the law firm you are working with will provide you with a registered agent as well as an address to send all corporation communications to.

It doesn't take much time to form an offshore company with the process taking as little as 24 hours in some jurisdictions depending on which law firm you use. In some jurisdictions an entire offshore company formation package including all legal fees associated with it's creation can run less than $1000 which is quite affordable even for an individual.

Offshore companies are cheap to operate and are not subject to the same invasive laws and regulations as an onshore business can be. You are able to manage your offshore businesses freely because there is no pressure from tax authorities.

When an offshore company is formed there are typically no paid in capital requirements. If the company acquires debt then it is the responsibility of the company shareholders to take care of this debt.

Setting up and maintaining an offshore company is a relatively pain free experience in many juridictions that have laws specifically geared to attract foreign investment. Some jurisdictions offer rock solid privacy protection and strict banking secrecy laws making it difficult to understand who actually controls the company. This offers you a great opportunity to create financial flexibility and privacy in your life.

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Learn more about forming an offshore company available at the author's offshore website.

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