Types of Offshore Companies
Offshore Business Types
Once you have decided for an offshore jurisdiction, based on your specific needs and the benefits you are looking for, choosing the company type follows the same decision process. Popular offshore company formation jurisdictions offer Corporations and Limited Liability Companies, among others. Depending on your own business plans, a single company or corporation plus an additional legal tool or bank account may be the solution. In some cases, bank accounts, trusts and other structures are necessary to build the complete strategy that is right for you. Here are a few examples and more information on offshore companies:
Top Entity Types for Offshore Companies
British Virgin Islands, BC
British Virgin Islands Offshore Companies or Business Company (BC) is a reputable jurisdiction and offers privacy of ownership for assets held inside of the company and the ability to transfer domicile. BVI BC’s are exempt from local taxes and stamp duty, along with huge privacy and confidentiality benefits.
Our website offers additional information on BVI “Business Companies”(BC).
Nevis LLC offers superior asset protection over corporation law of many other jurisdictions and is the offshore company formation type we most recommend for asset protection and financial privacy. This provides a key aspect to an asset protection plan due to superior provisions than other countries. For example, when a member (owner) of the Nevis LLC is sued, there are provisions in the law that protects the assets inside of the LLC from being seized from a resulting judgment. For more information on the Nevis Limited Liability Company please visit that website section.
The Cook Islands international company offers some of the best advantages for asset protection and tax planning making it one of the most sought-after jurisdictions in the world: (a) No public registry of International Companies and information can only be obtained with permission from the Company itself. The Registrar only holds name and address details of the Directors. Shareholder information is only held at the registered office of the company (being CIT);
(b) Significant penalties for breach of confidentiality provisions; (c) Exceptions to privacy exist in cases of serious criminal activity.
Belize Offshore International Business Companies are popular structures due to the simplicity and cost effectiveness of the jurisdiction. It also offers a high degree of privacy and protection. Belize is the only English-speaking country in Central America.
In resume, the perfect Offshore Structure must combine
- Nominee services through law firms
- Highest level of privacy protection
- Limited liability without any paid-up capital requirement
- Legal tax exemption
- No taxation on any kind of income
- No accounting requirements
- No reporting requirements
- No accountants cost
- No auditing
- No requirements on profession or financial standing
- Business can be conducted internationally
and many more…
TBA combines professional advice, worldwide registration services, reasonable fees, customized order processing, lifetime support and fast processing.
Our Team is ready to help you reaching the most suitable Business Solution to you!