Learn How To Incorporate Offshore

Author: Mr Dimitri Rusca

This article takes some of the mystery of the offshore incorporation process. It brings you a summary of the different stages which the incorporator goes through when setting up an offshore company.

Jurisdiction

There are many optional offshore jurisdictions in which you can establish incorporate company in Switzerland. In this guide we focus on two of the most popular jurisdictions and list other separately.

List of Other Offshore Jurisdictions

  • Andorra
  • Anguilla
  • Bahamas
  • Belize
  • Bermuda
  • British Virgin Islands
  • Cayman Islands
  • Cook Island
  • Cyprus
  • Gibraltar
  • Guernsey
  • Hong Kong
  • Ireland
  • Isle of Man
  • Jersey
  • Labuan
  • Liechtenstein
  • Luxembourg
  • Madeira
  • Malta
  • Marshall Islands
  • Mauritius
  • Montenegro
  • Nevis
  • Niue
  • Panama
  • Samoa
  • Seychelles
  • Singapore
  • Switzerland
  • Turks and Caicos
  • Vanuatu
  • Incorporated company in Zug

Entity Type

International Business Companies - IBC

What is IBC?

A term used to define a variety of offshore corporate structures. Common to all IBC's are the dedication to business use outside the incorporating jurisdiction, rapid formation, secrecy, broad powers, low cost, low to zero taxation and minimal filing and reporting requirements. The use of nominee shareholders, directors and officers are being permitted by an increasing number of offshore jurisdictions.

Entity name

Your entity's name must not match or be too similar to the name of an existing company registered in your desired state.

Officer

Officer is appointed by the board of directors and responsible for the daily operation of the corporation. The titles and duties of each officer are usually listed in the company's bylaws. Common officer titles are president, vice president, secretary, and treasurer. An officer can be one of the shareholders, owners or employees of the entity. Officer is part of the entity's management.

Shareholders

Shareholders: Owners of the issued stock of a corporation. Shareholders do not own specific corporate property; they merely own an interest in the corporation. Shareholders appoint the entity's board of

directors which oversight the entity's management (officers).

Bank account

Once the incorporation has been completed the entity can set up a bank account.

The information we need to collect from you includes:

Proof of Identity

To establish the identity and signature of directors, account signatories and beneficial owners you must

provide a copy of a current valid full passport. Such copy must bear a photograph, a signature and the

number and must be certified by:

Passport photographs of each party - The passport copy you send to us must be sent by mail or courier and

it must bear the person’s who certifying the identity document original signature; it must not be a copy.

Proof of Residential Address - Please provide one of the following, for each party original recent credit

card statement or three original utility bills (electricity, telephone, etc.) showing the residential

address to validate the beneficial owners, account signatories and home address of directors.

References - All the banks require original bank references from the personal bankers of the directors,

account signatories and beneficial owners.

Merchant account

A Merchant Account is simply a relationship between a retailer and a merchant bank that enables retailers

to accept web-based credit card payments from their customers. This is the account into which a Merchant

Account Provider deposits payments into your business checking account from the transactions made online.

To qualify for a merchant account, retailers must meet the bank's requirements.

Clients

Both small and mid size businesses, non-profit organization and high income individuals are focused on.

Client list comprises of corporations, non-profit organizations and high-tech employees. Corporate clients

operate in various industries:

  • Security
  • Information Technology
  • Internet
  • Retail
  • Manufacturing
  • Transportation
  • Real Estate
  • Project Management
  • Business Development

Rusca Dimitri works in for a trade finance company for more than 20 years. He has good management skills and during his free time he writes short articles on incorporate company in Switzerland and incorporated company in Zug.