Offshore Company Formation, Incorporation :

Offshore Company Formation

Establishing International Business Company (IBC) is a modern trend for many enthusiastic businessmen for the purpose of growing their business globally. IBC is the most appropriate  vehicle for wide range of trading, investment, asset protection activities. An Offshore International Business Company is a medium chosen by many businessmen or professionals to buy properties abroad along with efficient working of tax and investing reasons.

Offshore Company or International Business Company

An International Business Company also known as "Offshore Company" is a corporation or limited liability company that has been formed outside your country. IBC stands for ‘International Business Company’ or ‘International Business Corporation’ which is also termed as 'Non-Resident Company’.

An offshore company rarely conducts business in its country of origin. Generally offshore company is the one, which is incorporated in a country where taxation is lower and reporting restrictions are more flexible than the country in which you reside. Selecting a country for offshore company formation needs right advice and consultation.

An offshore company is a legal entity registered under the laws of a particular country or jurisdiction, conducting its business outside the country or jurisdiction in which it is registered.  An offshore company can also be registered as an International Business Company (IBC) and usually serves as an instrument for international tax planning. Offshore Company Consultants provide comprehensive range of offshore services for International Company Registration. The IBC consultants provide hassle free offshore services for company formation in a very short span.

Need for Offshore Company

There are various reasons for forming International Business Company. A properly established IBC will give the owner financial confidentiality. The International Business Company is a globally recognized form of doing business.

More and more businessmen are going for Offshore Companies to attain various features and to gain optimum business advantages. Limited risk is a key factor responsible for smooth running of a business organization, and unlimited life-span leads to transforming it into an international company. This is mostly used for holding, private investment capital securely offshore, in a country which is absolutely tax-free.

Why go offshore?

Businessmen or Individual go offshore for various business activities and purposes:

• Access to Foreign Investments
• Financial Investment Diversification
• Tax Planning
• Global Trade Opportunities
• Safer Banks & Insurance Companies

Offshore Company can

• IBC can open a bank account, make deposits and transact globally.
• It can also handle offshore investments like term deposits, bonds, stocks, mutual funds, CDs, etc.
• Offshore Company can also provide consulting, management, or professional services.
• Own a corporate credit card, and allow yourselves to cover your legitimate expenses. 

Procedure to Setup an Offshore Company or IBC

To setup an offshore company, you need to hire a consultant or a company which provides offshore company registration services. An Offshore consultant provides simple and quick services for the formation of an offshore company.

In the process of forming an International Business Company, you need to

• First decide a suitable name for your company. Many offshore service provider offer free services to check the availability of company name.
• The next step is to select between packages, offered by an offshore consultant. You can select a package as per your need, which goes well with your budget. They generally offer 3 or 4 packages such as Gold, Silver, and Bronze with different price range based on the service that each package offers.
• Then you have to submit a registration form with general information of your contact details.
• After scrutinizing and based on validation of your registration, the offshore service provider starts preparing corporate documentation along with other necessary registration procedure required for your company formation.
• After the successful completion of all the procedures, your offshore consultant provides you with your company’s: Certificate of Incorporation, Company Register with share certificates, Stock transfer forms [for limited company with shares], statutory forms to make changes in the company in the future and other relevant documents based on the type of your company.

Offshore Company Formation – Setup Cost

The cost for establishing Offshore Company differs from country to country. Costing for the formation of a company is decided considering various factors:

• Country for establishing company
• Type of company you wish to form
• Type of consulting services you want to hire

To make the process transparent and easy to navigate, you need to clear all the terms and procedure required related to cost and other essential formalities.

A general offshore company’s incorporation fee includes Post incorporation structure fee, Initial license fee, disbursements, annual statutory fee, annual compliance fee and annual license fee. The fee structures also vary from time to time and country to country.

It is therefore important to make yourselves acquainted with each and every process before making a decision on where to invest offshore.

A responsible offshore company gives you an appropriate advice to save your valuable money, time and most importantly, in deciding a suitable location for offshore company formation.

So if you are looking for Offshore company incorporation UK or Offshore company formation UK , Then Lincroft Associates is your best choice.