Offshore company, a company which engages
in offshoring business processes. There are some common offshore districts that
are popular for company registration, Cayman Island, BVI, Marshall, Seychelles
and Labuan. They share some common features of being offshore districts while having
significant differences from each other.
For common features, they are all tax-free
on offshore operating and imply no foreign exchange control. From the aspect of
shareholders and directors, they can belong to any nationalities and their
information are in high privacy as well. Financially, there is no need to
submit the financial report to the government and shares are free to be
Cayman Island is praised for its merit but
yet with the highest requirement on capital. It is the 4th largest
offshore financial center and British colony. Usually, companies would register
at here for listing and they can apply for 20-years Tax Exemption Certificate.
However, they review documents strictly that copied documents should be exactly
the same as original copy. The minimum capital required is around USD 4,000.
BVI company registry tends to be an
all-around option. Company registered there could be later on eligible for
company listing, foreign investing and intermediary trade. Documents
authentication are not needed as well. As the minimum capital requirement is
only USD 2,200, it's in a great demand recently.
Marshall is usually the first to mention
when you are planning to have business with companies in United States or
Taiwan. Plus, it's in top priority when talking about US listing. Nevertheless,
review on documents copies is relatively strict and require to be processed by
experts. Capital required is around USD 2,400.
With the lowest capital requirement (around
USD 2,000), it is one of the members of Commonwealth of Nations even though it
is located in Africa. Documents copies are processed by expertise and should be
the same as original copies.
Labuan is a bit different from the others.
It allows onshore and offshore companies operation. For onshore operation, the
profit tax rate is 24% and with high privacy on tax information. For offshore
operation, trading oriented companies could choose to pay profit tax by either
3% of total profit with accounting and auditing, or MYR 20,000 without
accounting or auditing. Again, there is high privacy on tax information. For
non-trading-oriented companies, profit tax is 0 and without accounting or
Globevisa provides all the above company
registration services. It is suggested to choose the locations based on your
demand and requirements.
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