Things you need to know about registering an offshore company

Today [Manager Peng Yi] will tell you about the registration of offshore companies。first，What is an offshore company? Offshore companies refer to companies operating outside the place of registration，A company that cannot operate in the place of registration。

An offshore company is an international business company，Generally established in the British Virgin Islands、cayman islands、Niue Island、bahamas islands、seychelles islands、republic of panama、Republic of Mauritius，The local government does not tax this type of company，Only a small annual management fee is charged，This is also the attraction of offshore companies。

one、Conditions to be met to register an offshore company：

1. Registering an offshore company must have at least one shareholder and director；
2. To register an offshore company, you need to provide a local registration place；
3. Registering an offshore company requires a registered agent，Some areas also require secretaries。

two、Benefits of registering an offshore company：

1. Develop and expand business，Improve corporate image；
2. Facilitate international trade，Avoid tariff barriers；
3. Avoid foreign exchange management、Convenient to attract investment、Strengthen overseas financing capabilities；
4. Easy registration process、open，low cost；
5. legal tax avoidance，lower finances、tax burden；
6. Providing confidentiality to company shareholders and directors；
7. No restrictions on business scope or regional scope；
8. to investors、shareholder、No restrictions on directors；
9. Businesses expand overseas、contrarian investment；
10. Have an international brand、Improve business efficiency。

three、The purpose of registering an offshore company：1.After registering an offshore company, you can open an offshore bank account，Payments received from offshore transactions while operating an offshore account are tax-free。

Can save a lot of money；

1. After registering an offshore company，You can freely conduct cross-border transactions without restrictions.，This provides a convenient way to open up foreign markets.；
2. After registering an offshore company，Money in offshore accounts can be spent and received freely，Not subject to foreign exchange controls；
3. After registering an offshore company，Offshore companies can be used for personal property trusts，And you don’t have to pay personal income tax；
4. After registering an offshore company，If the estate is arranged in the name of an offshore company，Not only is the procedure simple，Also exempt from inheritance tax；
5. After registering an offshore company，If equity transfer is required，No stamp duty required；
6. After registering an offshore company，You can use offshore companies to register trademarks and hold relocation，Can protect intangible assets；
7. After registering an offshore company，You can buy houses and other real estate in the name of offshore companies，When these real estate properties are transferred and sold to others，No need to pay tax；
8. After registering an offshore company，A letter of credit can be issued at any time，Receive a letter of credit or transfer a letter of credit；
9. After registering an offshore company，There is no limit to the investment and financing the company needs，Free investment and financing。

Next, take the BVI company registration as an example。

Four、BVI company registered

Process

：

1. Conduct BVI company name search，Determine the final name of the BVI company；
2. Secondly, prepare all the information required to register a BVI company；
3. Sign the entrustment registration agreement, seal it and sign it；
4. Submit application materials to the BVI Company Registry，and accept verification；
5. Prepare BVI company registration income documents，Obtain BVI company registration income documents；
6. Scan customer confirmation，The customer pays according to the agreement，Send company documents to clients，BVI company registration completed。

five、Materials required to register a BVI company：

1. Certified copy of company registration certificate；
2. Company structure certificate；
3. Consent letter to serve as director；
4. meeting minutes；
5. stock certificate；
6. Certified copy of the company’s memorandum and articles of association；
7. Certificate issued by a certified public accountant；
8. Resolution letter issued by the registered representative；
9. A sensible ID card or passport；
10. Bank account opening application form；
11. seal table。

six、BVI company formation：

1. The BVI company has at least one shareholder, both natural and legal persons. Natural persons need to be over 18 years old.，No nationality restrictions；
2. The BVI company must have at least one director who is a natural person and a legal person. The natural person who can search for land must be over 18 years old.，No nationality restrictions；
3. Distribution details of BVI company shareholders’ equity；
4. Company board meetings can be held in any country。

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