Monthly Archives: July 2013

Offshore Company Registration : Things You Need to Consider

Planning to go global? Well that’s a pretty smart decision. Recently, offshore companies are getting more and more popular. And there are a lot of good reasons for this. For one, owning an offshore company does not come with so many requirements and allow greater freedom. And it’s a clever idea as well if you’re looking for a way to cut your business cost to minimal and avoid so many taxing charges.

The first thing you have to do when planning to put up your own offshore company is to register it. But before you can do that, here are a few important points that you need to carefully consider and establish:

Bank Account – needless to say, you need your own corporate bank account for your offshore company registration. The bank account must bear your business’ name since you will need it as you do legal and financial transactions every now and then. It will also be handy if you connect to trusted banking institutions in the particular jurisdiction where you’re planning to establish your offshore company.

Tax Registration – failing to register their company for tax is most probably the number one reason why a lot of offshore company owners get into legal issues. Tax registration is a crucial factor in offshore company registration and you have to abide with it if you are determined to make your business a success. And when it comes to this, it would be wise on your part if you do your homework and get informed about the different types of taxes that are commonly charged to offshore companies, particularly within your preferred jurisdiction.

Corporate address – corporate laws in most, if not all, countries require business entities to have their registered address. Importantly, the corporate address registered should not just be a mere PO Box number but a physical business location. Establishing your corporate address is very crucial in offshore company registration since it is where all important documents, notices, and other papers will be sent.

Exclusive name for your business – it is nowhere possible to register an offshore company under a name that has already been used by another company. With this, you have to think of a unique name for your business to have it successfully registered. To help you out, you can check your preferred jurisdiction’s official register online to find out whether or not a certain business name has already been registered.

So there go some of the most fundamental factors that you need to consider for your offshore company registration. Laws regarding offshore companies may vary from country to country so you have to see to it that you do some research first to find out how you can successfully register your own offshore company in your desired location.

The Basics of Macau Company Registration

Investing for a business expansion or setting up a company in Macau is a great opportunity. Macau is definitely a wonderful place with great and welcoming people. As a part of China, it is also an economically thriving place that is why many business people are taking their breaks in this place and yes, they have really found great success in choosing to expand their business in Macau.

Macau is located in the tropics, and basically, this place has a warm temperature all year round. People in Macau can enjoy the sound infrastructure and the great industrial chain for marketing, commerce and manufacturing. One great thing about setting up a company in Macau is that you can have the opportunity to take advantage of the “one country, two systems” policy. Now, to learn more about setting up a business in Macau, it is very important to know the basics of Macau company registration. And let’s us take things step-by-step.

The Company Name- Before getting into Macau company registration, the government first will need to approve your company name. In Macau, only Chinese company names are accepted. However, English company names can be used for reference. But then again, not all proposed Chinese company names can be accepted as there are wordings of a company name that you have to conform with when proposing a company name. Your company name must be distinguished from other registered names. Now, when the proposed name has the word “China”, then it should be evaluated at the national level for company registry.

The Director, Shareholder, Monitor and Legal Counsel- Before the business will be set up, these posts must be arranged according to the policy. The directorship can be taken by a local or foreign person. A shareholder can be foreign company or a local person as well. A monitor is needed in supervising the management and the operation of the company. He or she can be a foreign or a Chinese person. And lastly, a legal representative is needed for any legal affairs arising in the operation of the business.

The Procedure- After having the name approved and filling up the certain posts, the procedure begins with filling out of the application form, confirmation of the company name, paying the services, submission of the necessary documents, validating the documents and the data entered and the preparation of the statutory documents.

So there are still some other things you need to consider when looking forward to set up your own company in Macau. However, the ones mentioned above are the most basic and essential ones you need to know. For easy Macau company registration, seek the help of an expert and have all your significant queries answered.

A commercial establishment in Samoa

People can select from many different arrangements for successively their industry. The most common is an individual dealer, a company and an organization. The most in style business structure around the world is establishing a company. A company is a distinct permissible unit from the vendors, who is known as stockholders. The implication of this split-up is that in maximum circumstances, stockholders cannot be in individual responsible for the debts of the corporation.

Samoa, the one of the smallest country within the world, which became independent in 1962 and it’s settled into an administratively established nation. Samoa is located within the South Pacific Ocean east of the International Date Line, is unperturbed of 9 islands, whose main local language is English. However, it currently contains various developments, making it additional easy and user-friendly to suit the desires of the Asian marketplace. The prevailing service construction in Samoa is complete. Thus several famed accounting companies found out their agencies in Samoa and various law organizations also are available here. Nowadays, there are three trade banks in Samoa. Additionally, the Chinese Embassy in Samoa is more useful to promote and verify the documents required to operate in China. If you’re getting started a business in Samoa you requisite to settle on a company name when you register a corporation first of all. The name must be unique and can’t duplicate from other corporations. You ought to do an aspect of company names before you select your own to form positive that your most well-liked name is not already reserved. Registration of an organization name provides restricted name protection and it’ll stop another company being incorporated beneath the same or almost identical name. You’ll be able to transform the name of your company online through the companies registered in Samoa. Every company contains a set of company rules which confirm how the corporation will be supervised. The corporate rules oversee how an organization should keep in line. A corporation might implement its own personalized rules at the time of its combination or just embrace the model instructions already confined within the companies Act. There are two various kinds of consultant in Samoa – one that relates to administrators and another for representatives. The administrators can allowance and deduct specialist from their representatives. Representatives can’t withdraw the consultant of administrators.  The registrar of companies is in a position to grant or deduct authority of administrators and representatives, providing the suitable substantiation are delivered. Within the incident of a disagreement over authority, a distressed event should first access the administrator of companies in Samoa. While you register your corporation, you may have the selection to transfer your own set of company instructions, or taking to approve the perfect instructions. You want to offer varied details concerning your company within the registration in Samoa. You want to both a physical address and a communication address when integrating a company. Every company should own at least one share and one investor in Samoa. You must have to record the complete name and address of each investor in Samoa.

The best methods to follow while setting up an offshore company

The offshore business and an offshore company are the words through no convinced allowed or universal substance. In basic words, offshore suggests that “everywhere apart from the place of fleshly position of the individual disbursal this word”. An offshore company could be a legitimate individual typical in a tax sanctuary or offshore commercial Centre, secured by a specific legislative that assurances an eminence of full tax absolution, excluding for a small annual license tax and frequently an excellent level of cover. International offshore monetary centres endures to fascinate international financiers and businesses fascinated person in fixing an offshore company, fixing an offshore insurance company, developing a mislead fund, setting up an offshore expectancy, start an offshore private substance, establishing an offshore bank account, registering a yacht or ship and any of the opposite several services delivered from these offshore prerogatives.

Offshore business and company are typically used in reference to the subjects such as organizing of international business and family prosperity management. Consumption of international commercial or fiduciary expectation arrangements has many causes and blessings. Offshore companies will yield many strategies however typically some kinds of company with restricted liability are. The best widespread of these edifices are the financial obligation Company (LLC) , International Business Company (IBC)  or any erection that narrowly looks like one among these two categories of offshore corporations. The International Business Company is a product of special legislation in many jurisdictions such as Hong Kong , Seychelles, Belize and therefore the British island (BVI), which are the most well-liked offshore financial centres having  International Business Company legislation in terms of variety of incorporations. International Business Company is restricted liability of its members, easy company formation, No taxation on foreign attained income, privacy and confidentiality, restricted or no in progress filing requirements, Exemption from local taxes and tax, inability to trade at intervals the state in which it is domiciled. Offshore Company Formation is commonly used for structuring of international business and taxation planning. Corporations incorporated in ‘tax haven’ countries supply people and businesses very little or no liabilities which has company formation centres such as Seychelles, Marshall Islands, Panama, Dubai, etc. corporations registered in jurisdictions will give each offshore and onshore corporation which may gain from helpful tax laws and exceptional company systems. Corporations registered in many onshore countries with laws which alter systems that are tax favourable for specific international functions. The offshore business includes each tax havens and onshore high tax jurisdictions endeavour against others to attain international corporations and people with all ways of laws and opportunities. It is sensible to choose an offshore bank early on in the process of establishing an offshore company or other offshore structure.  The bank is obviously an imperative component of the offshore strategy. If a selected bank or country is most popular for the establishment of an offshore bank account, this could run early thought to guide the establishment of the offshore company, trust, foundation etc. Offshore finance is one of the most well-liked uses of offshore corporations, offshore trusts, offshore non-public interest foundation etc.  These offshore entities facilitate international offshore investment providing several useful benefits which are privacy, easy transfer of assets, access to otherwise untouchable investments attributable to restrictions in the home country, lower administration costs, simplified coverage and low or zero taxes on capital gains, interest and dividends. It is calculable that same hour of worldwide wealth is deposited in offshore accounts control by offshore corporations or offshore trusts which some 500th of worldwide transactions are conducted through offshore jurisdictions. Nowadays, the offshore world involves good implementation of special tax favourable structures domiciled in high tax jurisdictions

The Method of Offshore Company Registration

Are you making a plan for performing any sort of offshore projects or business? If your answer to this question is yes, then this article will definitely will assist you to understand the whole procedure of the offshore company registration. A clear concept regarding this subject will really help you to earn success for you. So, what are we waiting for? Let’s begin the journey to the offshore company registration.

First of all, you need to measure all the personal circumstances for this business. Besides, you have to make the analysis report to understand whether your investment scheme will match with the offshore structure. You also need to gather adequate knowledge about the rules and regulations of the offshore authority. After that, you can go for the registration procedure for your investment.

Generally, a Registered agent is needed to perform the filling up process of any sort of offshore company registration. It definitely indicates that you must have to hire a skilled Registered Agent who, on behalf of you, will make the appropriate Memorandum and other necessary Articles of Association.

 At the time of preparing the Memorandum, the Agent will make the fundamental construction of the offshore company. Certain essential items must be present here. These vital factors include the name with the intention or objective of the company, the total amount of capital, the numbers of shares which will be issued, and the rate of the each share. It is essential to mention the classes along with the rights related to the shares of your offshore company. The Agent also needs to mention any other significant information which has got a deep relation with the company’s existence.

‘The Articles of Association’ is one of the most important elements for the members of the company. Elaborately it can be said that you have to mention all the rules and regulations regarding the shares and the members of the company in these Articles. That is why; it has gotten much importance in the case of a registration. In these Articles, you have to mention the procedures by which you will call for making any meeting for the members of the company. You also need to clearly indicate about the rules regarding the transfer ship of the shares. In the shortest, it can be said that the Articles of Association can be considered as the rule-book for your offshore company.