Offshore Company Formation

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Home / Offshore Company Formation

What is an Offshore Company?

Offshore companies are those companies which are registered & incorporated outside the residence country. Establishing a company outside the residence country offers wide range of benefits to the company as well as the owner. It is a straight forward process and considered best in all popular offshore financial centers and tax havens. Any individual who wish to start a new offshore company need to file the required documents to the registrar of companies.

Minimum requirements of an offshore company

The minimum requirements of an offshore company are as follows –

One director & one shareholder is needed to form an offshore company
No minimum capital requirement.
Details of directors & shareholders will appear on public record.
VAT registration is mandatory for companies having turnover above £77000.
Requirement of annual report.

Documents required for offshore company registration and opening offshore bank account

The documents required for offshore company registration are as follows –

Copy of Passport
Address proof (within 3 months)

The documents required for opening offshore bank account are as follows –

Copy of passport
Address proof (within 3 months)
Reference letter (Not mandatory)

Benefits of Offshore Company

The benefits of offshore company are as follows –

What you will do to benefit the community?
Offshore company provides significant privacy and confidentiality benefit as the names of the key person of the company i.e. officers; directors & shareholders can be excluded from company’s documentation in many jurisdictions.
It provides high asset protection as well as effectively screens your finances from public viewing.
No corporate tax is levied as long as you are not trading within the UK borders. Hence, it helps in reduction of tax liability.
Any individual can easily register his or her own offshore company by applying either through e-mail or by following the online procedure.
No annual meetings in UK. It can be done anywhere in the world.
It helps in fast registration of corporate name of the company.
It provides protection to the company and safeguards it against lawsuits.
There is no minimum Capital requirement for establishing or incorporating an offshore company

How Finacbooks help in offshore company registration?

Finacbooks is a leading UK portal providing accounting, finance & taxation services to small businesses. We are having more than 10 years of experience in helping individuals providing offshore company registration at a least possible price. We will guide you through the entire process of offshore company registration. To avail the best deals on offshore company registration, kindly call us at 03300886645 or you can also e-mail us at business@finacbooks.com