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Our little-known loopholes in offshore structures help our members to increase their profits by 30% per year

How much would a 30% increase in your annual profits mean to you and your company?
$10,000?
$100,000?
or maybe even $1,000,000 or more!

The difference between a company that increases their profits 30% and a company that loses out on that profit is the information they have available to them.

The famous saying “Knowledge is power” is extremely evident in the setting up and maintaining of offshore companies and bank accounts. Having access to the right knowledge can not only dramatically increase your profits but it can also help you to maintain 100% privacy and can protect your assets from any external threat.

Failure to have access to the right information will leave your company’s assets exposed to law suit and other threats, will cause your company to pay excessive taxes and will cause your privacy to be exposed. This is something you want to avoid no matter what!

Our team of professional legal and tax advisers are ready to help you create a strategy to protect your privacy and your profits. All you have to do is ask.

Want to learn more how you may Join the Mentor Group? The please visit our
Offshore company Forum which can be found here.

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Do You Want To Automatically Increase The Profit Of Your Business By As Much As 30%?

This is not a joke, you can easily increase the profit of your business by as much as 30% just by changing one simple thing.

Offshore companies provide a great way of increasing the profit of your business by minimising your overheads. Offshore companies can help you minimise tax, or remove it completely from your annual costs!!!

This alone could save you thousands, or even millions, of dollars EVERY YEAR!

Thousands of businesses are making this move every year with great success. They are exploding in growth while other businesses struggle to even turn a profit.

Stop wasting time!!!

We have created a FREE Ebook to show you exactly how an offshore company can benefit you and how you can easily set one up within the hour. We at CCLOGIC Ltd have been helping companies just like yours move offshore with great success for years!

This EBook is available for a limited time only. Missing out on this free eBook could cost you thousands of dollars in lost revenue. So hurry, download your free eBook now!!!

Learn more here, as well download the free Offshore Company eBook right here and now!

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Because of the strong anonymity an offshore company can provide, if it is setup correctly, it is often misused for money laundering and other activities, which violate the tax regulations in most countries.

Almost everyone knows than an offshore company can be used to protect your assets and can also be used as a vehicle to avoid or minimize tax. In many cases an offshore company (eg. A company incorporated in Cyprus but operating in another jurisdiction) is legally formed to give the owner several benefits that are unobtainable through a local company. One such benefit is the right to obtain a loan in the name of your company. Many European countries forbid LLCs and LTDs to borrow money, as it is in violation with the tax authorities. However, it is of great benefit for a start up entrepreneur if he can get the protection of a regular LTD and still be able to finance the company’s activities, including his own salary.

How is it possible to get more money out of an IBC / Offshore Company, for instance in Cyprus?

It is actually easier than you might think. Normally you need to have approximately EURO 17.000 to form a LTD in a European country. There are exceptions to this rule but 80% of the time this will be the case. Once you have establish the company with 100% of the shares equaling a value of EUR 17.000 then you are unable to draw any of the money out from the company for yourself.

A Limited Liable Company needs to have the ability to be liquid and must assure its trading partners that you have at least have the EUR 17.000 in assets or cash in the company. If the owner of that company by law were able to just take out the money exactly before the company, for any reason, declares bankruptcy then it would favor himself.

With a Cyprus Offshore Company or any other offshore company you are allowed as a resident of a European country to take out loans against the company. Let’s say your company starts to generate a profit, you can then take money out of the company in two ways. One is as regular salary, which will cost you to up to 50% of your salary, as you will be forced to pay the tax authorities. This is undesirable and presents many business owners with a problem, they need to take money out of their business but they don’t want to pay the high tax rates associated with a salary. So what can you do in this situation?

The second way to take money out is as a loan against the company. This loan can be made over a period of 10, 20, 30 or even 50 years. Once the money reaches your account you need to report it to your local tax authorities as a loan. Because it is a loan, and not a profit or income it cannot be taxed.

I hope you fond this article informative. More tips and tricks for how to make the most from your offshore company setups are coming in the near future.
For Cyprus Offshore Company formation and Cyprus offshore bank accounts please contact cclogic.com

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This is one of the most common business questions of the modern time. The incorporation of offshore companies has continued to increase in popularity and it has never been as beneficial to incorporate an offshore company as it is in 2010. Thousands of online businesses have discovered the advantages of incorporating companies offshore and they are already experiencing major benefits such as tax exemption, tax reduction, asset protection and complete anonymity.

One of the biggest questions currently being asked, with all of the offshore jurisdictions available, is “which jurisdiction should I register my offshore company in?”
Different jurisdictions offer different benefits and it is important that you choose the jurisdiction that will offer the most benefits for your company. Below we will discuss 4 of the major offshore jurisdictions and the advantages they could offer you and your company.

Before we begin outlining the jurisdictions and their advantages it is important that you understand some of the terminology we will be using:
IBC = International Business Company, a term for offshore companies in almost any offshore and even onshore jurisdiction.

Offshore jurisdiction = Tax Haven / low tax jurisdiction. Mostly offshore jurisdictions are located on islands or in countries that have no corporate tax, or provide a low taxation rate while also offering privacy and anonymity protection.

TIEA = Tax Information Exchange Agreement. Model agreement on exchange of information on tax matters, developed by the OECD Global Forum Working Group on Effective Exchange of Information

The 4 offshore jurisdictions below were chosen, as they are 4 of the most popular jurisdictions for the incorporation of offshore companies and they offer a wide range of benefits to a miriad of different companies.

Belize:
Belize is located on the border of Mexico and can be the perfect place for those registering an offshore company who desire complete anonymity. Belize has a wealth of services that makes creating and managing an offshore company easy.
However, during the last few years Belize has started signing TIEAs with several important countries around the world. These countries include, but are not limited to, Australia, Belgium and the United Kingdom. This makes Belize less attractive for companies operating in any of the countries that have a TIEA with Belize.

The British Virgin Islands:
The British Virgin Islands (BVI) has long been one of the most famous offshore jurisdictions and thousands of companies have been incorporated in BVI over the last few centuries. Unfortunately, major changes during the past 2 years have made it unattractive for companies to incorporate in BVI. This is mainly due to the TIEAs they have signed with countries such as the USA, UK, Australia, The Nordic Council (Denmark, Norway, Sweden, The Faroes, Finland, Greenland and Iceland), New Zealand, Netherlands, Aruba, China, Ireland and France. You may notice that the mentioned countries have high tax burdens and it was from these countries that most of the companies came to incorporate in BVI.

In the past BVI was the home for many Financial Companies (for the purpose of managing investments), Forex Trading, Mutual Funds etc. It was quite simple to establish these types of companies in the BVI and avoid paying any taxes. Today this has changed considerably and many companies are choosing to stay away from the BVI.

Cyprus:
For most Europeans Cyprus is the No. 1 place to incorporate as Cyprus has the lowest tax rate in Europe. It does have various TIEAs and Double Tax Agreements in place, but despite this it can offer (with the right tax planning) many small, medium and large corporations huge financial benefits.
Cyprus is so attractive to companies and individuals as it is a part of the European Union, it is possible to use Nominee Shareholders and Directors (for anonymity) and it is also possible to avoid corporate tax (0% corporate tax) if the Cyprus Company is nonresident.

The Seychelles:
The Seychelles are well known in the corporate world, but not quite as famous as the previously mentioned offshore jurisdictions. To incorporate in the Seychelles takes less than 1 hour, and they haven’t signed any TIEAs with other nations at this point in time. They will eventually be forced to sign some TIEAs but it is likely this will only be with small, non-important countries.

The Seychelles have very simple regulations in regards to the operation of Financial Investment Companies like Forex Trading, Banking Services and E-Currencies, as well as Mutual Funds, International Trusts and much more. One of the most attractive features of the Seychelles is the low incorporation fee, which is less than EUR 500 for a fully incorporated Seychelles IBC.

You do not need to visit any of the above jurisdictions to register a company within them. It is also possible to open offshore bank accounts in all of these jurisdictions without visiting the country or the bank. Everything can be handled online so that you never have to leave your country but can still achieve the great benefits of having an offshore company.

We hope that the above has given you some useful information in regards to achieving the incorporation of your Offshore Company in the near future. As every company is different and seeks different benefits we recommend you get in touch with one of our professionals who can find a personalized solution for your company and who can guide you, step by step, through the entire process.

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Seychelles is a beautiful island in the Indian Ocean. It has grown to become one of the largest offshore business centers in the world. Its popularity is on the increase due to the flexible rules that the country provides. First of all, you do not need to have more than one director in the company.

Furthermore, the directors do not have to be shareholders of the company.

Seychelles is indeed marvelous. The setting of the island provides easy access from many countries on the mainland. It is a stop for many cruise ships and other transportation means. It is a republic and operates on both the English common law and French civil law in its legal system. It is the ideal place to set up your offshore company. Its requirements are basically those of the IBC (international business corporation)

Seychelles company formation process is easy and provides all the privacy you could need. In this sense, you can easily set up and manage a company in Seychelles without much hassle and worry. The Seychelles company formation process is simple and it will only take you five days to have your company up and running.  You need to have an office in Seychelles for all your business activities. This is the registered office and it should be able to handle all the paperwork of your company. You are to send the office address and name of the subscriber of the business to the registry.

When setting up the company, you are required to have it in the official language that is English or French. However, you are allowed to run the business in the language of your choice provided that you provide translations in English or French. This is just how flexible the rules of Seychelles company formation are. You are not allowed to have a company with the same name as the one in your country of origin. You need to search for a name that is available to use for your company name.

In addition, there are no minimum or maximum capital requirements for the Seychelles company formation. However, you are required to pay statutory fees for the capital that you choose to have. If you are having capital of less than $5,000 you are required to pay a fee of $100, if your capital is less than $50,000 then you are to pay a fee of $200 and fort amounts greater than $50,000 you are to pay $1000 as the fee.

Once your company is incorporated you are to file for the Memorandum of Association. Your new company is exempted from taxes but you are required to pay yearly charges for renewal of company documents, government charges and so on. The registered office is meant to handle all this type of paperwork concerning the company.

Make sure that you are aware of all the requirements and rules concerning registering an offshore company in Seychelles. These islands provide one of the best places to set up a business because it is away from the mainland and provides you with all the privacy you need.

We provide the following company formation services, Seychelles Company Formation |Belize Company Formation| Offshore Company Formation | BVI Company Formation | Bahamas Company Formation

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The current changes in the economy have led to people seeking new ways through which they can improve their businesses. Company formation outside one’s home country has over the years gained considerable popularity. Delaware is one of the places that is well liked by many company owners who form corporations there. It is popular because of its business friendly environment and low incorporation cost, a secure legal platform and a guarantee of asset protection. There are over 400,000 corporations in the state of Delaware. If you want to join the bandwagon, there are a few things that you should know about Delaware Company Formation.

Before you venture into the company formation business, you should first of all ensure that you know and understand what the requirements are for this type of investment. Some of the information that should be at your fingertips before you form the company include the various legal requirements, how to open a bank account for your business, local licensing procedures and many other formalities.

There are several types of entities in Delaware. It can be quite a difficult task trying to figure out which entity is best for you. Some of the entities include Limited Liability Corporation, General Corporation, S-Corporation, Close Corporation and the Non-Stock Corporation. To make your work easier, you should go through all the features of all those entities and then choose the one that has features that coincide with your business needs.

Getting in touch with a registration agent is very important. The agents who are normally residents of Delaware will help you with the registration process, which also happens to be the most important part of incorporating in Delaware. They will also help you find an appropriate office for your company. Find out if there are any other services that they offer so that you can ask them to help you when the need arises.

You should also find out as much as possible about corporate compliance and policies, which you are supposed to follow as the owner of your company. This will help you learn how to avoid court suits, and you cannot avoid them, learning the statutory requirements will enable you to know how best to deal with them.

One of the things that you have to be careful about is the kind of registration agent that you hire. There are many unscrupulous dealers out there. To avoid falling victim to such people, you should find out as much as possible about the person you intend to hire as your agent. Make sure that he is licensed by the relevant authority. You should also examine his work history to ensure that he has a clean track record. Do not take any of the registration details for granted. Do not try any short cuts when registering and follow all the laid down procedures. This will help you avoid unnecessary lawsuits. A similar kind of diligence should be applied when you are dealing with company formation service providers in Delaware.

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Delaware is a great place to start your business. It is a business friendly State with laws to protect your corporation. It will offer you all that you need to get your business up and running. If you are seeking to start a business then the best thing that you should look into is incorporating your business. A good location for your business is the first thing that one needs to search for when setting up a company and there is no better place than Delaware.

Incorporating your business is a simple process that you can complete in a matter of hours. In Delaware company formation, it is necessary that the business assets should be owned by you, your associates or family members but not by the public. This will make the registration process much simpler and you will be able to for your company in a couple of hours.

Once you have decided to set up your company you will need to find a company name. You can simply search on the search engine to see whether the name is available. Then you will have to fill in the required paperwork to register your new company before you can register it as a corporation.

You will need to search for a registered agent who will be responsible for guiding your company into incorporation. The registration agent can be an attorney, a company that specializes in the process, a family member, etc. Although to for the Delaware company formation you do not have to be a Delaware resident, the agent you choose must be one who Delaware is the place the live and work. A good registration agent should be aware of all the requirements for the registration process in Delaware company formation. They should have had previous experience in the process so that they are able to tackle easily any problems that they may come across on the way.

The forms that need to be filled for the registration process can be found in the state corporate filling office. Find them and fill all the required data. The data includes your company name, its purpose, the address of the company office and the size of the shares. Note that the registration forms need to be returned with a registration fee to the state office. You can inquire for the fee amount from the registration office in the state office. The registered office needs to be in Delaware. This is the company office that is to handle all the required paperwork for the company.

Many businesses chose Delaware because they provide a complete registration package for the incorporation. The Delaware general corporation law is the most flexible and advanced in the country. Many sophisticated investors favor Delaware in corporation and due to this, it may broaden the business opportunities. Another reason why Delaware is the top choice for many is the Delaware secretary of state and the quality judges. In general, Delaware is the best place in the United States to register your company.

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The BVI are islands that are located on the Caribbean Sea but they are part of the British territory. They are famous for their white sand beaches and serene environment. Since the British control the land, the British law applies. Registration of a company is stated under the Companies Act of the common law and it states that before a company is registered, it must meet a number of requirements that are set by the company regulatory authorities. Among the requirements that a company is supposed to meet are the business name and the registration of the same. This is done after the registrar of companies has approved the name. The name of the company does not have to be in English. The company can be registered with a name in any language. The entire process of registering a company takes an average time of one week. This depends on whether the company has met all the requirements that it is required to have.

Other requirements of a company before it is registered include a minimum of one director and one shareholder. This makes sure that there is a person who is answerable on behalf of the company and there is a beneficiary of the company. These two parties must be there for the company to be recognized as a legal entity as stated by the law of the land. Due to this reason, every company has to have a number of shares that are issued and the share certificates must be submitted to the authorities as proof that the company has met the share requirements. Share certificates also show that a company is capable of operating in the capacity that it has stated in its documents of operation.

In addition to the constitution of the company, the company management is required to submit a copy of the articles and the memorandum of association. These documents list down the procedures that are employed by the company in the running of the business. These documents also show the management structure of the company so that there is a point of reference at anytime that the authorities may want to confer to the company. A Physical address is essential in the registration of a company. This is because it assures the authorities of the place where they can look for the management of the company if the need to communicate with the company management arises.

The domicile of the company management does not have to be in the British territory. This makes it favorable for foreign investors. There are allowances for using an agent to register a company on behalf of an individual. This mainly happens for the individuals who seek anonymity. With these allowances, registering a company in the BVI becomes easy. The management should always ensure that they register with the income tax department. This avoids cases of tax evasion either by ignorance or lack of knowledge. This is why the company registrar requires a certificate of tax compliance.

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The British Virgin Islands became autonomous in 1967. They are former British colonies but are now British territories outside the United Kingdom. Within these territories, the head of state is the currently reigning monarch; Queen Elizabeth the Second currently, Long Live the Queen! The Monarch appoints a country representative to execute power within each territory. There are governors in areas of permanent populations and there are commissioners in areas of temporary populations. The governor acts as the de facto head of state and is responsible for appointing the head of government and senior political leaders. The governor also liaises with the government in the United Kingdom on matters pertaining to his area of representation and performs ceremonial duties. Commissioners also wield the same power as the governors but they also act as the head of state.

The U.K. provides assistance to these territories via the department of International Development. Within the BVI, the legal system is based on English common law though there are a few variations made to suit the local population. Any foreign affairs matters are handled by the foreign and Commonwealth office in London. Within the BVI, the currency ranges from the pound sterling, the Bermudan dollar to the Euro. These islands consist of Tortola, Jost Van Dyke, Anegada, Virgin Gorda, and another 50 smaller islands including the Cays. Of all these only 15 are inhabited with the capital known as Road Town in Tortola, which is the largest island. The total population of these islands is 22,000 people and 18,000 of these are located in Tortola.

The main language of the BVI is English with a quick Creole accent. Companies that are registered within these islands have the capacity to engage in a wide range of activities. These include project finance transactions and structural asset transactions. This is due to the introduction of The British Virgin Islands Business Act of 2004. This is the sole business act in the region. Since January 2007 legislation was drafted to ensure that businesses were conducted in a uniform manner (according to United Kingdom law) for all the over seas territories. This legislation ensures that the territory is fully compliant with European Union code of conduct for business taxation and savings tax directives.

Under the International Business Company’s Act 2003 established on December 31, 2004, all the international businesses within the BVI must meet the following requirements: Firstly, the company must have a register of directors and appoint a director within 30 days of incorporation. (There is no stipulated minimum amount for capital). Secondly, an account within the BVI is not required but if one is available, it must be open to audit. There are no returns needed from the shareholders, directors, or officers. Any meetings the organization conducts do not need to be done in the BVI but can be conducted over the telephone. Lastly one director and one shale holder are required for the company to begin operation and the memorandum and articles of understanding are the only things pertaining to the company that are available publicly.

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BVI is a very old and very reputable financial center and the system has been proven to work a number of times and is now considered a benchmark in the world. This aspect is what most offshore tax havens tend to lean on and try to emulate.

The first step would be registering the company, which is very simplified, and some agent companies offer this service online. The order for the registration is very simplified and just amplifies the important issues. The companies are also very flexible and give an option of downloading the document and after completion to be sent via fax to the destination for processing. Most of the time the agent companies get in touch with you through email or a phone call to ensure that your details are in order. The same company also avails a list of off the shelf companies, which are very easy to manage as the paper work has been finalized for you. After the initial process has been managed, a confirmation is sent to the client to ensure that the details are as he/she required.

A memorandum of Association and other mandatory documentation are then prepared to register the BVI Company. If you are using an agent to do this, the initial company formation information will be prepared and signed by the registered agent on your behalf. After this process, the documents are meant to be filed with the BVI registrar of Companies. The agent company handling your project will be entitled to pay all the process fees at this point, still on your behalf.

All the documents for the intended BVI Business Company should be composed of the following list of items. These eight items must be up to date where applicable.

1. Original Certificate of Incorporation
2. Memorandum of Association
3. Articles of Association
4. The Minutes and Resolutions dealing with the appointment of Directors
5. Allocation of shares
6. Share certificates
7. Copies of the Registrar of Directors
8. The Registrar of Shareholders

In some cases, the agent company is advised to offer a professorial director or even a nominee shareholder service to the company as they are still setting up shop. In this case additional documents will have to be drafted which may include a she transfer form, trust declarations as well as the appointment of the agent company with the power of attorney. A corporate seal might also be included for the agent company to supply if the client needs it done.

As a norm the company documents will need to be certified, this is because the documents issued in one country can only be acceptable in that country alone. The Chief Registrar of Companies (CRC) will certify by a Notary or even by a Government officer your document in this particular case. After this is done, one needs to understand that this is just a certification only for use in a country where the document was issued, but almost useless abroad.

We provide the following company formation services, Seychelles Company Formation |Belize Company Formation| Offshore Company Formation | BVI Company Formation | Bahamas Company Formation