Offshore Company Formation Worldwide

There are a number of service providers offering offshore company formation worldwide as well as related services such as trust formation and offshore bank account establishment - but how does one go about recognising which service providers are reputable and which offshore services one needs?

This is a guide to choosing a good offshore company formation service provider and identifying which offshore services an individual or business requires for their asset protection, wealth preservation and international taxation planning needs.

Firstly a good service provider will most likely offer offshore company formation worldwide – this is because different jurisdictions have advantages and benefits to individuals and businesses with very different requirements. 

For example a non-resident Indian wishing to invest tax efficiently in India might like to consider Mauritius offshore company formation or a media company looking to set up interests in the Middle East could consider setting up an offshore company in Dubai – if either individual or entity chose the wrong jurisdiction in which to incorporate at best they would be operating tax inefficiently, at worst they could be committing tax evasion. 

A reputable offshore service provider will be able to assess an individual’s requirements and advise them on the structures and jurisdictions that are suitable for them.  Furthermore they will be able to service all their requirements such as the need for nominee directors and/or shareholders, domiciliary services such as registered offices and even offer mail forwarding and bank account establishment as well.

Because it’s essential to consider an individual’s complete status before best advice can be given about which jurisdiction and offshore structures suit an individual’s requirements the best offshore service providers will undertake a fact find. 

Those who have received financial advice will be familiar with the concept of giving information about all aspects of their financial status in a fact find – in the same way those seeking an offshore solution for asset protection, wealth preservation and international taxation planning purposes will be required to submit similar information to those offering offshore company formation worldwide if they are to be sure they incorporate in the best jurisdiction for their needs.

There are additional vehicles such as offshore bank accounts, portfolio bonds and offshore trusts for example that some can make use of in conjunction with or instead of an offshore IBC, and the best service providers will advise their clients of the structures and services they can utilise and assist them with the entire setup and ongoing management of an offshore package solution. 

In terms of firms offering complete offshore company formation services worldwide and who are generally considered to be reputable within the financial services industry The Sovereign Group and Ocra are names that appear to be synonymous with good service.

Please note that this article does not constitute financial advice and ShelterOffshore are neither responsible for the content of external websites nor the services these companies provide, but if you would like our assistance with establishing an offshore company please contact us with your requirements.