Archive for September, 2009

Sep
29/09

Last Updated on Tuesday, 29 September 2009 02:32
Written by Peter
Tuesday, September 29th, 2009

Incorporation of offshore companies is more less the same in countries that share most things e.g. trade. There is a form to fill refereed to as the order form which you are expected to complete and submit to registrar of companies.

The form is easy to read and understand since every step is explained in detail with advisory comments coming immediately under. This is to make sure you do not pick on the wrong baton. Completing forms and sending them does not seal the deal; it’s the beginning of your long relationship with the respective authority in getting your offshore company formation operating.

Most legal setups have their own sites from which you can download order forms incase you don’t want to perform you deals over the internet. You can take your time to fill and send by mail, or fax or even a currier depending on the urgency of form.

Incase you want to open a shell company from the existing list of already existing companies, its imperative that a form is filled. This company has what we call “open” configuration which is handled based on the details provided by the customer on the order form. In Seychelles for instance, basing on the information submitted, this process takes good time be complete as the information is compiled, processed and placed on the table. The duration ranges from one to five working days at the most.

Before the company is finally open to operations, exceptional license corporation is the best convention design product which needs more input from the customer than any other place or person. Ensure you begin by downloading CSI entry forms and notable documents, review them thoroughly to know if you can fill them with relevant information as well as providing certifiable documents.

The authority reviews the order form after receiving it and gives you a feedback. For these to be possible, ensure you enter operational conducts; without these, there is no more progress.

The registering body will want to know their clients before entering into business transactions with him. This is a prerequisite set by the licensing body and is wholesomely accepted by all offshore company formation bodies in the offshore banking industry. Documents like passports and certified addresses are used to make sure that due diligence as well as information regarding the client is true and without errors.

You must understand that the details you submit will not be open to any other person apart from you and the registering body like in Seychelles. Never is customer’s details exposed to the public until you request us to do it. By doing it without your consent, criminal proceedings will obviously come our way.

When all is done, make your payments so that your offshore company formation can proceed. This is made effective by the use of a credit card or through wire transfer; normally details of payments are available on the invoice.

It’s from here that you’ll receive a notification of your company registration. This is made official when the memorandum of association as well as articles of association is prepared. They are crucial for any registration of an offshore company i.e. the Seychelles CSL or IBC.

Recording of your offshore company in the central authority means your offshore company formation has succeeded.

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Tags: belize, bvi, company, cyprus, formation, incorporate, Offshore, register, seychelles | Posted under Offshore Company Formation |

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Sep
29/09

What to do to Register Seychelles Company

Last Updated on Tuesday, 29 September 2009 02:24
Written by Peter
Tuesday, September 29th, 2009

Seychelles has proven itself in the global offshore companies business. It has done a tremendous job in getting so many businessmen on its shores to put in their money; with excellent profits returns too. If you want to ensure that your assets and funds are kept under lock and key, and that your investments, especially foreign, is also perked up and secured, it would be necessary for you to Register Seychelles Company as an offshore company option. However, the offshore business may not be the thing for your online business considering that as far as online payment processing goes; it may not be the best thing for you.

In order to Register Seychelles Company, you need to go online as the very simple exercise is basically enacted via the internet. This is an advantage as you really don’t need to personally go to the island and spent the extra cash, although it may be a good thing for you to visit this beautiful island. With a view to protecting your assets from sometimes unscrupulous home countries and their strict tax rules, protecting your structures that are also handled well, securing the much needed privacy from other governments that are keen to know even the financial issues you want to keep hidden, and handling well all your liabilities; is something the Seychelles business fraternity knows how to do.

While online and in the business to Register Seychelles Company, a form must be filled and directed via the electronic medium to an offshore agency you prefer that handles offshore companies. A copy of a valid passport and a 3 month limited utility bill rendered in English must accompany the application. At a small fee given to the agency a company formation can be done with only a single director and nominee shareholders.

To Register the Company without an offshore bank account is completely a futile exercise. If an offshore agency cannot do the work of opening an account for you then it is better you quit with the offshore company formation business from the onset. Getting an account with no help at all is considered very difficult and yet you really need the service. With privacy of the owners of the company held completely in confidence, one would not really need to get jittery about the whole registration format.

Still on the offshore account opening, it would be totally ill advised to Register Seychelles Company through bearer shares. This will be pretty complicated because the bearer shares are a complex means to get an offshore account opened. The only place allocated for use of the bearer shares is if you have reference or solid reputation with the particular bank and they are willing to take you on with the shares.

Anonymity coupled with security is surely the driving force to Register Seychelles Company. With these two one is assured of good times ahead for himself and his investment. And therefore it would augur well if you considered getting an agency to accommodate all your investment needs even as you embark on registering a Seychelles offshore company.

Tags: company, formation, incorporate, open, register, seychelles | Posted under Offshore Company Formation |

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Sep
29/09

Last Updated on Tuesday, 29 September 2009 02:20
Written by Peter
Tuesday, September 29th, 2009

Registration of a company in Belize is open to every person and corporation from all over the world. The process and efficiency of company registration has been simplified to attract many investors as possible. The Belizean government has enforced laws that favor offshore companies and business enterprises through the International Business Company (IBC). The Belize company formation has and is still attracting many investors. This is because it’s tax free and enjoys the legitimacy of world’s business and investment boost. Technological development has thus enabled Belizean government to make registration easy and may only take few days.

To register a company in Belize, a person or a company registering need to ensure that the following factors are given serious consideration:
> Identify an agency that can help in the process of company formation. The agency must be a company that will help in opening a bank account necessary for the company’s registration. The bank account should a legal bank account with own IBAN account number and it must be in a place where the bank has a SWIFT code.
> The Belize government requires that the company to be registered be able to identify its would-be clients.

After these factors have been taken into account, the registration requirements are therefore provided to start the whole process of ensuring that you have the company or corporation registered:

• Identify the suitable name for the company. The search is best done at the Registry of Companies.
• Present the memorandum of understanding and the Articles of Association at the Registry of Company offices.
• Obtain a trade license from the Belize City Council. This is non-payment service and done to offer legality for the company registered. The city council will inspect and give the trade license after the payment.
• Register the company at the income tax department. This will help the government in tax collections.
• Make registration of your company at the GST (General Sales Tax) offices. The general tax registration will show the genuineness of operating the specified offshore business.
• Finally, the workers that are expected to work in the Business Corporation or company should be registered at the Social Security Board. This ensures current and future safety of all the workers.

To help the Belizean government curb crime and the fraudulency that takes place during formation and the registration of a company, there are documents that must be submitted upon registration. These also come along with the fee for government filing and storage. The following articles are presented: an Incorporation Certificate, a Memorandum of Understanding and the Articles of Association, the letter of appointment of the directors of the first term, the name of the nominated shareholder (this is only presented if required), a special declaration from the nominee stakeholder, the share certificates, the register of stakeholders, managers and directors, the registered agent services and the document showing the legal office of the company.

However, for Belize offshore companies, there are renewable fees that must be paid every year. The renewable charges are; Government fees which is paid annually, the fee for the registered agent which is also a yearly payment and lastly, the fee paid for the company’s registered office. The fee for this office must always be renewed at the beginning of every year.

Tags: belize, company, formation, incorporation, Offshore, register | Posted under Offshore Company Formation |

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Sep
22/09

Important steps In Offshore company formation.

Last Updated on Tuesday, 22 September 2009 09:15
Written by Peter
Tuesday, September 22nd, 2009

It is well understood that having an offshore company brings complete freedom and if used properly it can safely siphon profit from your business. Offshore company formation can place your business firmly beyond the taxman’s reach in a tax haven.Futhermore it can shield you from a great deal of regulation and tiresome bureaucracy.

An offshore company provides a very high level of privacy and confidentiality as well as an attractive tax optimization opportunity. Nevertheless, types of companies offered in different offshore jurisdiction are significantly unlike. For this reason, not any jurisdiction and any offshore company might be appropriate for any planned activity.

Therefore it is very imperative to comprehend the exact jurisdiction that will be particularly strong for organizing certain activities. Although the procedures for offshore company formation in Belize, Seychelles and BVI do not significantly differ from one another, their use is not all the same. This is why it is important to get the right consultancy on which jurisdiction and the precise offshore company appropriate in each particular case.

There are many reasons why people opt for offshore companies these includes; tax saving, assets protection, flexible business law ,privacy and lawsuit protection. In offshore company formation, there are certain steps that must be taken into consideration.

First you will have to plan- perfect tax planning, preferably with great help of corporate consulting company is very imperative in the formation of an offshore company. For this matter you have to involve the key issues during successful tax planning such as legal, financial and tax aspects of the company and business.

When you are planning for an offshore company formation you have to;

-Identify an ideal corporate bank account that can facilitate international trade in a tax efficient way.
-You must verify whether the registration of director and shareholders are made public. You will have to consider jurisdiction with minimal reporting requirements.
-Make sure you have checked minimum capital requirements and also, if the company is required to be registered for taxes like VAT.
-Investigate if the company is in apposition to receive foreign sourced fund without being subjected to local tax.
-understand the various taxes and exemptions that are allowed.
-Before proceeding to any step check the frequency and rate of renewal fee.
-Ensure you are well conversant with the accurate number of minimum and maximum number of directors as well as shareholders that are allowed in the jurisdiction.

After planning everything the second step is the process of formation. It is advisable to hire an offshore company formation agent to do the necessary paperwork with the office of the register. The new company’s name, authorized capital, nature of business and details of registered office should be put into written.
Subsequent to that, a certificate of incorporation will be issued by the Register on successful completion of the registration. This is a very significant document for it confirms the legal commencement of the company from a particular date.

You will then sign the “resolution” appointing the first directors of the company. The appointed board of directors will then hold their first meeting to adopt the company’s seal, by-laws as well as appointing the banker of the company.

Register a Offshore Company
with CCLOGIC.COM, we provide reliable Offshore Company Formation and Offshore Banking Offshore Bank Account with Internet Banking and IBAN number. We offer our Offshore Company Formation for clients worldwide, fast and secure.

Tags: belize, cyprus, formation, incorporate, Offshore, offshore company, register, seychelles | Posted under Offshore Company Formation |

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Sep
17/09

Setting up a Forex Trading Company – Offshore

Last Updated on Thursday, 17 September 2009 09:41
Written by Peter
Thursday, September 17th, 2009

Setting up a Forex Trading Company

One of the most lucrative businesses in the world is a Forex Trading Company. A lot of people look at becoming a trader, only to find they simply do not have the skills. The amount of people that actually look at setting up a brokerage is extremely minimal. This is because the legalities and complications of setting up this kind of business is just too much for the average individual. The good thing is that there is now easy ways to get your Forex Trading Company online and working before you know it!

You are looking to specialize in becoming a Forex Trading Company that offers a brokerage service. For this reason you should steer clear of trying to form the company yourself. Instead, leave that to the experts, companies that have years of experience doing exactly that. This will free up plenty of time for you to highlight business aims and get your company earning money a lot sooner.

The chances of the average individual managing to set up a Forex based company without any external help is extremely slim. If they do then they will have wasted time and money that could have been used elsewhere to develop their business. Why would you waste all of the above, when there are companies waiting to do the job for you?

Lets look at the positive side of owning your own Forex Trading Company. The best thing about the Forex market is that it works 24 hours a day. This means that traders are making and losing money all day every day. The good thing is that you make money when they make money, but you also make money when they lose money. How can you do this? Because you take a small commission for every single trade they make, and it doesn’t matter what the end result for the consumer is!

Another good thing about setting up a Forex Trading Company is the repeat business. To start with you may feel like you have put a lot of effort in for nothing, with just 10-20 clients. But what you don’t realize is that they will continue to trade whether they make or lose money. If they make money they will definitely carry on. On the same token if they are losing money they will do everything in their power to get it back, which again, means they will carry on trading.

The great thing is that you won’t even need to promote your business if that isn’t your strong point. Affiliates are what makes internet businesses go round, and they are the ones that will make your Forex Trading Company a profitable one. They find products and services that pay them a commission and they promote them until they get hundreds of sales. Offer them $100-150 for a client sign up, so you only pay when they perform. This is a minimal amount to pay seems as though the average client will pay you in excess of $5,000 in commissions in the first year alone!

Tags: company, cyprus, Forex, formation, Offshore, registration, setup, trading | Posted under Offshore Company Formation |

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Sep
16/09

When forming an offshore company

Last Updated on Wednesday, 16 September 2009 06:02
Written by Peter
Wednesday, September 16th, 2009

The authority reviews the order form after receiving it and gives you a feedback. For these to be possible, ensure you enter operational conducts; without these, there is no more progress.

Tags: belize, bvi, company, formation, incorporate, Offshore, open, register, seychelles | Posted under Offshore Company Formation |

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Sep
11/09

Offshore Company Formation BVI and Seychelles

Last Updated on Friday, 11 September 2009 10:48
Written by Peter
Friday, September 11th, 2009

The offshore company formation requirements vary from one territory to another. The British Virgin Islands (BVI) which is one of the leading offshore companies in the Caribbean region and the world at large requires that an individual or firm attains the following before being considered fit to be called an offshore company:

First, the company must have at least one director, however corporations are allowed. In case the company has only one director, there must be a reserve director to pick up in when need arises.

Second, for a BVI offshore company formation to be achieved, there must be a secretary to be in charge of secretarial duties. Third, a minimum of one shareholder is required even though corporate memberships are also allowed. However, it is important to note that the positions of the shareholder(s) and director(s) can be held by one and the same person.

Fourth, the standard share capital stands at 50,000 US dollars each going for at least one US dollar. Furthermore, the shares may be given out with or minus par value while bearer shares are permitted as well even though they must be deposited with authorized intermediary in charge of recording the identities of the beneficial owners.

Fifth, the company name must end with any of these suffixes: limited, corporation, incorporated, societe anonyme, sociedad anonima and besioten vennootshcap or their Ltd, Corp, Inc, S.A,S.A, B.V, and NV short forms respectively.

Other crucial information that you should during offshore company formation may include; knowing the status of the BVI business company, the number of hours needed for a full incorporation of an offshore company which is between 48 and 72 hours, if there are tax exemptions and stamp duties or not, whether auditing and filing needs are emphasized, the activities that are carried out by the company-check whether the activities are prohibited or not.

Another area where you should pay more attention to is certificate of incorporation; memorandum of understanding and articles of association; appointment of directors; especially the first director; government fees charged on the fist trading year; information about share certificates; registered office service to December after the incorporation; registered agent service to December after the incorporation; as well as the delivery means of full corporate package.

We also realize that the incorporation fees vary with the year of offshore company formation even though there are no hidden or additional costs such as time spent and telephone calls according to the BVI Act. There is dire need to give a keen eye to the rates for example the incorporation fees for standard BVI company formation are as follows;

Government fee rated at 350 US dollars.
Registered office rated at 300 US dollars.
Registered agent being rated at 300 US dollars.
Incorporation fee being projected at 300 US dollars.

this makes the total cost of incorporation to stand at 1250 united states dollars and the following year’s fee being reduced to 950 US Dollars. Other offshore company services include ship/aircraft registration, nominee directors, apostilisation, certificates of good standing, or notarization.

Tags: company, formation, Offshore, open, register | Posted under Offshore Company Formation |

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