Offshore Company Incorporation
Some countries and regions (such as BVI, Samoa and Cayman etc.) have formulated some especially loose tax systems to attract worldwide investors coming to those countries for company incorporation. This kind of company is generally not subject to any tax, except an annual license fee, and it can be listed in other countries or regions. Therefore, it is usually the best choice for most of the multinational enterprises to carry out structural arrangement.
An offshore company is different from a general limited company mainly with regard to tax revenue; that is, revenue from an offshore company is not subject to any tax payment, nor to any tax declaration, and the shareholders’ information, shareholding percentage and revenue status are entitled to high confidentiality. For a summary of various Offshore companies, see the
Advantages of Offshore Company
- Provide privacy protection, without disclosing the identity of shareholders and directors
- No tax declaration or collection
- Free from foreign exchange controls
- No registered capital required
- Chinese characters in company name allowed
- No submission of annual return, audit report and financial statement required
- Increase enterprise image and easier for financing
Use of Offshore Company
- Tax planning
- Acting as a holding company
- International trade
- Investment
- Offshore listing
In order to meet different demands from clients, we are providing the following Offshore company incorporation service
- BVI Company
- Cayman Islands Company
- Samoa Company
- Seychelles Company
- Anguilla Company
- Bahamas Company
- Bermuda Company
- Marshall Islands Company
- Mauritius Company
BVI Company
British Virgin Islands (BVI) is a group of about 40 islands. It takes approximately 25 minutes flying time from east of Puerto Rico where situated between the Atlantic and the Caribbean. Being a member of the British Commonwealth, BVI applies a legal system based on English Common Law (its Business Company Law includes some terms in Delaware Law), which operates in concert with local acts.
Because a BVI company is not required to pay tax, nor bound to foreign exchange controls, and information for submission for filing requested by local government is minimal, many multinational companies and persons are attracted to BVI company registry. At present, BVI has become one of the most popular places globally for offshore registration.
Advantages
- Provide privacy protection, without disclosing shareholders and directors
- No tax shall be declarable and payable
- Registered capital is not required, and bank accounts can be opened all over the world
- Companies can use Chinese names
General Requirements
- There shall be at least one shareholder and director over 18 years old
- There shall be a local person or company to act as agent
Standard Registered Capital
- 50,000 shares
Required Information and Time for Incorporation
- Company name in Chinese and English
- Original copy of directors and company originators’ ID card or passport, or certified copy by certified public accountants, lawyers and notaries
- Original copy of proof of address of the directors for the last 3 months (such as bank statements, utilities bills, gas bills, landline phone bills, etc.) or certified copy by certified public accountants, lawyers, and notaries
- It takes about 12 working days to register a brand new company (after the particulars are fully collected and due diligence is passed)
- It takes approximately 3 working days to purchase a ready-to-use shell company (after the particulars are fully collected and due diligence is passed)
Cayman Islands Company
Cayman Islands, situated in the West Caribbean Sea, 640 km south to Miami and 268 km northwest to Jamaica, belongs to British Overseas Territory. Cayman is one of the offshore jurisdictions accepted by Hong Kong Stock Exchange for listing in Hong Kong.
Cayman Islands Companies Act is based on English Common Law. Companies are of two categories: Exempted Company and Non-Resident Company. Exempted Company is a more popular form of registration, the name of which need not end with “Limited”, and it can apply for a 20-year term tax exemption certificate to further increase its tax advantages.
Advantages
- Provide privacy protection, without disclosing shareholders and directors
- Company is granted listing in Hong Kong Stock Exchange
- No tax shall be declarable and payable
- Chinese name can be shown in the Certificate of Incorporation of company
- No exchange control, easy to raise capital
General Requirements
- There shall be at least one shareholder and director, who can be legal person or individuals, without nationality restriction.
Standard Registered Capital
- USD50,000
Required Information and Time for Incorporation
- Company name in Chinese and English
- Original copy of directors and company originators’ ID card or passport, or certified copy by certified public accountants, lawyers and notaries
- Original copy of proof of address of the directors for the last 3 months (such as bank statements, utilities bills, gas bills, landline phone bills, etc.) or certified copy by certified public accountants, lawyers, and notaries
- The registration takes about 30 working days (after the particulars are fully collected and due diligence is passed)
Bermuda Company
Bermuda, situated in the West Atlantic Ocean, is about 917 km from the coast of North Carolina, USA. Bermuda has enjoyed internal autonomy since June 1968, while the UK controls the external affairs and internal security of Bermuda through the office of a Governor. English is a common language, and Portuguese is also in use.
Bermuda follows the British-based legal system. A Bermuda company is an exempted company designed by foreign investors, which does not have to pay capital gains tax, value added tax, sales tax or gift tax.
Advantages
- Provide privacy protection, without disclosing shareholders and directors
- No tax shall be declarable and payable
- No double taxation treaties with other countries
- Company is granted listing in Hong Kong Stock Exchange
General Requirements
- There shall be at least one shareholder. Shareholder can be legal person or individuals, without nationality restriction
- There shall be at least two directors. Directors must be persons, without nationality restriction
Standard Registered Capital
- USD12,000
Required Information and Time for Incorporation
- Company name in Chinese and English
- Original copy of directors and company originators’ ID card or passport, or certified copy by certified public accountants, lawyers and notaries
- Original copy of proof of address of the directors for the last 3 months (such as bank statements, utilities bills, gas bills, landline phone bills, etc.) or certified copy by certified public accountants, lawyers, and notaries
- The registration takes about 40 working days (after the particulars are fully collected and due diligence is passed)
Marshall Islands Company
The Marshall Islands are situated in the Central Pacific Ocean between Indonesia and Hawaii. Languages spoken are Marshallese and English, and the currency is the US Dollar. Non-native residents who set up a Marshall Islands Company will be lawfully exempt from all taxes.
Advantages
- No tax shall be declarable and payable by Marshall Islands IBC
- It is not required to disclose information concerning shareholders and directors
- Company can issue bearer shares
- It is not required to submit annual returns, accounts or financial statements
- No exchange controls, and easy to pool capital
- There is a stable political, economic and trading environment
General Requirements
- There shall be at least one shareholder and director
- Local registered address of company
Standard Registered Capital
- USD 50,000
Required Information and Time for Incorporation
- Company name in Chinese and English
- Original copy of directors and company originators’ ID card or passport, or certified copy by certified public accountants, lawyers and notaries
- Original copy of proof of address of the directors for the last 3 months (such as bank statements, utilities bills, gas bills, landline phone bills, etc.) or certified copy by certified public accountants, lawyers, and notaries
- It takes about 14 working days to register a brand new company (after the particulars are fully collected and due diligence is passed)
