Offshore company incorporation

Jan 12

Offshore company incorporation

Why incorporate an offshore company?

For businesses looking to go global, an offshore company is a good option to take.

Setting up your offshore business in known jurisdictions such as the British Virgin Islands, Cayman Islands, etc., is legal and provides a complete privacy when doing business.

Apart from the confidentiality of setting up a business in an offshore jurisdiction, other benefits from this type of setup include tax benefits, efficient administrative and operational costs as well as simpler reporting requirements.

Set up your offshore company in the following jurisdictions:

British Virgin Islands (BVI)

The British Virgin Islands (BVI) has for the past thirty years been the preferred jurisdiction for registering of an offshore vehicle. Being an overseas territory of the United Kingdom gives BVI the perfect mix of secure stability while having independent regulatory authorities and courts of law.

Cayman Islands
Cayman Islands, a small jurisdiction in the Caribbean, has a stable government, a well-developed common law and a rapidly increasing number of corporate and service companies.

Our offshore company formation services

We offer full incorporation services which cover the following:

  • Offshore company incorporation (Cayman Islands / BVI)
  • Guaranteed Bank account opening in Singapore
  • Certificate of Incumbency
  • Singapore mailing address
  • Safe-keeping of documents in Singapore
  • Offshore company renewal

We have a comprehensive list of services for our BVI company formation and Cayman Islands company incorporation.

Checklist for setting up an offshore company

The following basic documents are required of the proposed shareholders and directors:

  • Proof of identification
  • Proof of address
  • If you’re planning to have a corporate shareholder for your BVI company, a Certificate of Incumbency must be provided

Apart from these documents, we request our clients to fill in our Know Your Customer (KYC) and due diligence forms before submitting the application for company formation.

Documents you can expect after the incorporation of your offshore company?

After the incorporation, you will be given the following documents for your safe-keeping:

  • Certificate of Incorporation
  • Certified true copies of the Memorandum & Articles of Association
  • Share certificates
  • Registers of Directors and Shareholders
  • First Board Meeting Resolution
  • Common seal
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Looking to setup your business in Singapore instead? Read more about our incorporation services for Singapore companies.

 

Privacy concerns when setting up an offshore company

Information on beneficial ownership and company financials are not required to be filed with the BVI registrar.
For the Cayman Islands, details of the directors and officers are submitted to the registrar but these are not available to the public.

These measures provide the base and strongest level of privacy protection for these jurisdictions. Nominee director and shareholder services are also allowed to ensure confidentiality of beneficiary owners.

Who will help setup your offshore company?

Our corporate secretarial team will assist you with setting up a compliant offshore company. We have facilitated several offshore company formations and provide ongoing corporate secretarial administration to these companies.


 

Ready to set up your offshore company today? Schedule a call with us to start the process.

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