THE OFFSHORE SECTOR
WHAT IS AN OFFSHORE COMPANY?
An offshore company is an entity recognized by law as a separate 'person' with limited liability. The company has the option to sell shares, the right to sue and be sued, and has a life existence as long as the company is renewed annually.
HOW ARE OFFSHORE COMPANIES USED?
Offshore Companies may be used to own and operate businesses, issue shares, bonds or otherwise raise capital, guarantee obligations, hire employees, buy goods and services, sell goods and services, make contracts, rent office space, maintain checking and saving accounts, and maintain retirement plans for employees. Although most offshore corporations are private and closely held, some are publicly traded on major stock exchanges.
HOW PRIVATE IS A CORPORATE SEARCH ON MY OFFSHORE COMPANY?
A corporate search will reveal the name of the corporation, the date of existence, amendments, and any other publicly filed document. For most offshore jurisdictions there is no requirement that the names of corporate officers, directors or shareholders be filed in any public registry. Such information, therefore, remains confidential.
IS MOVING ASSETS OFFSHORE ILLEGAL?
There is nothing illegal about moving your assets offshore. It is when you move the assets into accounts offshore and do not declare their existence to the tax authorities that you break the law. Any assets over which you have control, domestic or offshore, are probably liable to taxes in your home jurisdiction.
BANKING
WE HAVE YOU COVERED FOR ALL YOUR BANKING NEEDS
DO I NEED TO TRAVEL FOR BANK ACCOUNT OPENING
To open bank accounts in Hong Kong and Singapore, a personal visit is a mandatory. We can arrange the same.
However, for other jurisdictions, such as Mauritius, Seychelles, BVI etc, our team will help you with remote application for the account opening.
IN WHICH COUNTRIES CAN YOU OPEN A BANK ACCOUNT FOR MY COMPANY?
We open bank accounts in Mauritius, Hong Kong, Singapore, USA, Belize, Lithuania, St Lucia, Switzerland, St. Vincent & the Grenadines and the Commonwealth of Dominica.
DO I NEED A BANK ACCOUNT OR AN E-WALLET
A bank account is opened with a bank licensed by a Central Bank of that particular country.
An e-wallet or EMI wallet is licensed by the Financial Service Authority of a specific country.
Depending on the nature of your business we will advise you whether a bank account or an e-wallet is the most convenient.
DO YOU PROVIDE IBANS
Yes, we do.
We can provide you with dedicated EUR IBANs (SEPA & SWIFT) registered in Germany, Lithuania, Cyprus as well as GBP IBANs in the UK.
If you require a dedicated bank account in the USA, we can provide the same.
MORE QUESTIONS?
CARD PROGRAMS
PREPAID CARDS UNDER YOUR COMPANY NAME
DO I NEED TO TRAVEL FOR BANK ACCOUNT OPENING
WHAT IS A PREPAID CARD?
To open bank accounts in Hong Kong and Singapore, a personal visit is a mandatory. We can arrange the same.
However, for other jurisdictions, such as Mauritius, Seychelles, BVI etc, our team will help you with remote application for the account opening.
IN WHICH COUNTRIES CAN YOU OPEN A BANK ACCOUNT FOR MY COMPANY?
We open bank accounts in Mauritius, Hong Kong, Singapore, USA, Belize, Lithuania, St Lucia, Switzerland, St. Vincent & the Grenadines and the Commonwealth of Dominica.
DO I NEED A BANK ACCOUNT OR AN E-WALLET
A bank account is opened with a bank licensed by a Central Bank of that particular country.
An e-wallet or EMI wallet is licensed by the Financial Service Authority of a specific country.
Depending on the nature of your business we will advise you whether a bank account or an e-wallet is the most convenient.
DO YOU PROVIDE IBANS
Yes, we do.
We can provide you with dedicated EUR IBANs (SEPA & SWIFT) registered in Germany, Lithuania, Cyprus as well as GBP IBANs in the UK.
If you require a dedicated bank account in the USA, we can provide the same.