Your Offshore Guide
Offshore Guide
Gold Trading HK
COMPANY FORMATION
WHAT IS AN OFFSHORE COMPANY?
The two principal reasons for using an offshore company are the tax benefits it can confer and confidentiality. In terms of confidentiality, an offshore company has a separate legal identity so that while an individual may beneficially own the company, it will have its own name and that name can be completely disassociated from the beneficial owner.
Not only is the beneficial owner's identity safeguarded but also the financial obligations of the shareholder are guaranteed because offshore companies carry limited liability status.
Establishing an offshore company within a well-structured offshore jurisdiction is a smoothly organised affair.
Offshore company providers will first arrange permission from the
local authorities for a
company name. Many offshore centres now boast the ability to establish a
company within 24 hours. Necessary paperwork such as the Memorandum and
Articles of Association generally come in standard form and give the
company wide-ranging powers.
Offshore companies require two subscribers who will agree to become shareholders. For those seeking further guarantees of anonymity, it is possible to buy the services of nominee shareholders.
Offshore companies can be easily dismantled and assets distributed back to the owners. It is quite common to establish a trust in conjunction with a company.
<< factors when selecting an offshore trust jurisdiction
>>reasons for offshore company
Related websites
- Related websites
- London Stock Exchange website
- Growth Enterprise Market of Hong Kong
- Certified Financial Planner Board of Standards
- The Global History of Currencies - UK