Understand the Process of Offshore Company Registration

A local business is typically subject to the tax laws and in some unfortunate circumstances the unstable economy of the jurisdiction where it is in, and these situations can put your assets and your business at risk. Offshore company registration is a way to avoid that, and at the same time, it may help your business flourish and increase your earnings. It is a way to internationalize your business, too. However, the process can seem complicated if you lack the expertise, knowledge, and understanding required to legally and successfully register your company in your preferred jurisdiction. With that in mind, here are some of the things you need to know to understand the process of offshore company formation:

• Look up offshore company jurisdictions – Some of the most popular jurisdictions are Anguilla, Belize, Panama, British Virgin Islands, Hong Kong and Seychelles. In Seychelles, you can set up a Seychelles IBC (International Business Company) or a Seychelles Special License Company (CSL).
• Find out what your preferred type of company can do – the Seychelles IBC is one of the most popular type of

offshore company registration due to its quick incorporation (24 hours or less), good legal framework, low government fees, and flexibility.

CSL is a low tax offshore company formation that is fully tax resident, with a low business tax rate (1.5 percent). It is typically used for, investment activities, human resources,, franchise, intellectual property holding.. It may also be practical if you want to operate as a holding company or a headquarters company.

• Do your homework – Find out the requirements for the type of company that you want to pursue. Some of the basic documents you will need to have prepared are articles of association, memorandum of association, share register, first resolutions of the directors, and resolution appointing the directors. You may need other documents prepared such as share certificates, a declaration of trust, and power of attorney, too, depending on the circumstances.
• Registration - You will need to file certain documents with the right authorities.. For instance, if you are registering a Seychelles IBC, you need to register it with the Financial Services Authority.

Working with an offshore company registration specialist is a good way to learn more about the process. They can serve as your advisor, too, and help you decide which jurisdiction is best for your needs.

About the Company:Sterling is a leading licensed and regulated corporate, trust, fiduciary and fund services provider delivering specialized solutions for a global clientele of international corporations, institutional investors, high net worth individuals and families as well as their intermediaries. Whether an end user of our services or an intermediary, Sterling provides an efficient, personalized approach to ensure smooth, efficient delivery of services that meets the requirements of each client.

Sterling is a leading licensed and regulated corporate, trust, fiduciary and fund services provider delivering specialised solutions for a global clientele of international corporations.