As most other companies, an offshore company may enter into
contracts, open bank accounts, purchase and sell various products and services,
own property. A typical offshore entity, also known as an international business
company (or an offshore IBC) does not pay taxes in its home jurisdiction. At
the same time, it must also operate outside of the country of incorporation. A
typical IBC is effectively a corporation with a limited liability. This
liability is limited only by company’s shares. Shares are owned by one or more
shareholders while the company is managed by director(s).”
Offshore incorporation can be carried out in a numeral of
jurisdictions, including UAE, BVI, Belize, Seychelles, Anguilla, Panama, Nevis
etc. The main decision criteria are price, reputation of the jurisdiction and
time to incorporate. For instance, an offshore BVI company is the most
popular among offshore entities, highly regarded by incorporators and business
owners alike. An alternative would be a Seychelles company, which
is the most reasonably priced among popular offshore jurisdictions. Belize IBC is a practical
balance between price, reputation and proximity to fairly developed banking
system of Belize.
Winston Wambua
International Offshore Specialist
For more information please contact me on
International Offshore Specialist
For more information please contact me on
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