Registration of an offshore company. Offshore registration

Are you having difficulties in your business? You think that the IRS is too much trouble for you. It might be time for you to resort to a tax haven for better business. But then, you must first set up your business in this state. How to get there ? What are the procedures, what documents are needed and what are the points to pay attention to?

The creation of an offshore company

To setup belize company, you can initiate the process yourself or use the services of a service provider. If you choose to let a specialist do the procedures for you, you can save time. Also, you will not need to move to the country where you want to set up your business during the period of completing the creation formalities. The time needed to set up such a company is usually 3 days on average. But beware, this duration varies according to the States: it can be reduced or greater depending on the case.

As part of the registration of your company in a tax haven, there are some documents that will be requested as well as some information. Among those that are often found:

- A certified copy of your national identity card or passport (the document must be valid);

- A certified copy of a document justifying your domicile;

- Information relating to the identification of the director and shareholders;

- The precision of the amount of capital (it is however rare that in offshore procedures, a certificate of deposit of capital is required) ...

Some important tips

- Be careful to choose the right country for your activity! Each type of activity corresponds to a country that presents interesting opportunities. Make sure you choose your tax haven and do a good market research before embarking on this process! If possible, have local contacts who provide you with information on the market!

- Be careful, to be taken you anywhre! The use of tax havens has advantages. However, you have to be careful! States whose nationals resort to tax havens are taking more and more measures to force them to comply with the requirements of the local tax authorities. Depending on the case, you would be guilty of tax fraud and the legal penalties could be heavy.

- Beware of scams, especially on the internet! When setting up an offshore business, care should be taken. Fraud does not spare this sector. You need to make sure that you have chosen a reliable provider. Be more careful if you use the Internet to find the provider who will lead your efforts. Scams on the internet are numerous and it is not excluded that you pay your money to malicious people.

Why set up an offshore company?

The formation of an offshore company use to havenumerous objectives. The very first advantage of creating this company is tax optimization.

The goal is in particular to make the most possible profits and not to be overwhelmed by taxes quite simply.

It is for this reason that it is advantageous to set up a business in Belize because the taxation is interesting.

This is also why these places are called “tax havens”. Secondly, the offshore company makes it possible to facilitate transactions, even if they are not illegal.

These transactions are notably those which must be carried out in a discreet manner. Belize is a place where discretion is guaranteed.

Businesses can benefit from beneficial regulation that may allow them to do things that they cannot do in their own country.