Offshore Company

An offshore company is a legal entity that is used for international business. Due to this, an offshore company is usually known as an International Business Company. As the offshore business sector has developed, different types of offshore companies have been created.

For nearly two decades our team of professionals has collaborated alongside established service providers who are for second citizenship. Dual nationality programs create channels for citizens of foreign countries to invest internationally as citizens and avail themselves of business oriented tax conditions such as and tax holidays. Two reputable and established were introduced in Dominica and St. Kitts and Nevis. For support if looking to apply and order tax free offshore financial services such as don’t hesitate to get in touch.

In addition to the International Business Company or IBC, therefore, an offshore company includes the Limited Liability Company (LLC), Segregated Portfolio Company (SPC) or Protected Cell Company (PCC), the Private Trust Company (PTC) and Mutual Fund Company. Of course each of these offshore companies have their distinct structures and uses, which largely depend on the provision of the legislation under which they were enacted.

Generally, however, whenever reference is made to an offshore company, it is the International Business Company that is being spoken of. The Limited Liability Company or LLC is relatively just as common used and spoken of as the IBC but it is often called by its name, LLC or Limited Liability Company.

An offshore company has principle advantages from which other benefits can be derived depending on how effectively and strategically an offshore company is used. For example, an offshore company that has full tax exempt status can be used as an offshore holding company to obtain specific financial benefits where that offshore company serves as the parent company for subsidiaries. Another simple, yet important advantage of the company offshore is its access to offshore bank accounts. People, groups, institutions, clubs or corporations that wish to conduct certain transaction with a certain degree of confidentiality can open an offshore bank account in the name of their offshore company and invest, trade and protect their assets without having to reveal their identities in the course of business.

Offshore company formation is more popular these days due to the fact that it is relatively easy to find offshore company formation services on the internet. With several number of offshore company and offshore financial service providers to choose from, offshore company formation prices and services are competitive. Offshore formation service providers also make a number of other services available to their clients, to include introduction services to offshore banks for account opening, corporate secretarial and company management services, mail forwarding and virtual office and other related asset management and investment packages that may include offshore trusts and offshore foundations.

A lot can thus be done with an offshore company, and its use as a trading vehicle is not the only one. Offshore companies can be created simply to do business privately as mentioned earlier, own private offshore bank accounts, protect assets and manage wealth using various offshore asset protection and tax planning strategies.

These benefits are made possible by the legal personality that an offshore company has, which gives it very much the ability to execute the very same legal actions as a natural person. An offshore company is thus treated as a person, and unlike an offshore trust, for example, which is simply a legal agreement and as a result can only execute its business in the name of its trustee. An offshore company operates independently and in its own name.

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