The Offshore Company or International Business Company (IBC) is a tax-free and exchange control-free Limited Liability Company, incorporated under the laws of Belize, however all its profit-earning activities must be conducted outside Belize. A foreign company also has the option to continue under the law of Belize as an IBC and would still have all the benefits provided by law. IBC's incorporated in Belize are often used by high net worth individuals to lease and own property, estate planning, tax optimization and also in conjunction with trust and by international companies in cross border transactions.
The IBC Registry in Belize is fully computerized and modernized and can accomplish company incorporation within less than one hour. The registry allows for Chinese Incorporations and the shares held in a company may be denominated in any currency. Belize, with its developing market and over 35,000 companies to date, affords individuals the uniqueness of names due to availability. This is to say, that though we have come a long way, we are still only at the tip of the iceberg.
A fundamental feature of the IBC in Belize is how the law was specially designed to be cost saving. One of the ways this has been accomplished is by ensuring that the registration fee remains competitive alongside the other offshore jurisdictions. The license fee for a standard company having an authorized share capital of US$50,000 having par value is US$100.00. The registered agent/office fee is about US$300.00 along with a one-time setup fee of roughly US$400.00. Because there are no minimum capital requirements, no need for audited accounts, no annual returns, no requirement for a local director or secretary and no requirement for an annual general meeting, the costs of maintaining a Belize IBC are kept to a minimum.
Another feature that makes a Belize IBC attractive is its flexibility. Only one director and one shareholder are necessary and it may have bearer shares or registered shares, voting or non-voting shares as well as the authorized share capital may or may not have a par value. The IBC may conduct any business that is not prohibited under the laws of Belize save and except for banking, insurance, trust management and collective investments, which requires a license. The IBC may also purchase its own shares and redeem its own shares.
Thanks to numerous taxation advantages, registering a company in Hong Kong is an effective and legal way to reduce taxation payments when conducting international trade, banking and other commercial activities in countries of the Asia-Pacific region. In the first place, this is achieved on account of the absence of taxation on profits which have been received outside the region, and in addition, to the availability of an agreement concerning the avoidance of double taxation payments with many countries worldwide.
In Hong Kong today, there are over one million companies registered and successfully operating, including financial and banking institutions and exchanges. Here, prominent international accounting and legal holdings are represented, which enables Hong Kong to be one of the major financial centres in the world, side by side with New York, London and Singapore.
Foreign business attracts considerable taxation concessions, comparable with offshore territories; and in addition comfortable conditions for carrying out commercial activities. Hong Kong, according to the World Bank, is one of the leaders in the rating of countries where it is considered favourable to conduct business, and the taxation system is regarded as one of the most agreeable in the world.
Aside from these unequivocal benefits in this jurisdiction, the clarity of activities for local companies is explained due to the ability of providing official documents, in accordance with legislation, stating revenue in English which is an official language in Hong Kong. This allows companies to keep official and reporting documentation in English, being accepted worldwide as business communications; or in Chinese.
Hong Kong is also free from currency control, therefore international banking operations conducted in its domain require a minimum amount of necessary procedures.
AeroTrust can and will assist its clients, wherever in the world their company is located, with every step and procedure that is required to set up and start running such branch. The registration procedure is basically the same as for companies, with the additional requirement that every overseas company wishing to establish a branch in Cyprus is required to file with the Registrar of companies:
Seychelles International Business Companies are advantageous alternatives to offshore companies established in jurisdictions such as the British Virgin Islands. An important fact is that in December 1994 the Seychelles enacted legislation enabling the registration of International Business Companies, International Trusts and the licensing of International (free) Trade Zone Companies.
More recent legislation covers the licensing of offshore banks, offshore Insurance, mutual funds activities and the regulating of a securities industry. The new laws were a result of intensive studies of long established offshore jurisdictions and world-wide trust legislation. Seychelles is one of the fastest IBC registrars in the world. The International Business Companies Act, 1994, governs the operations of offshore companies. The registration process in Seychelles is straightforward.
The Republic of Liberia is Africa's oldest republic with statutory law based on Anglo‐American common law. Liberia, "land of the free," is a West African country founded in 1820. On July 26, 1847, the free and independent Republic of Liberia was proclaimed. In 2006, Ms. Ellen Johnson‐Sirleaf, a Harvard graduate, was elected President of Liberia and became the first elected woman to lead an African naon. Under her administraon, Liberia has re‐established its leading role within the region and the Economic Community of West African States (ECOWAS). The Liberian Registry was established in 1948 with the support of the US State Department. Today, more than 60 years after its creation, Liberia is a respected and professional provider of corporate and ship registration services.
Type of Company: Non‐resident
Type of Law: Common Law
Disclosure of Beneficial Owner: No
Migraon of Domicile: Permied
Corporate Taxation: Nil
Language of Name: Latin Alphabet
Minimum No. of Shareholders: One
Minimum No. of Directors: One
Corporate Directors Permitted: Yes
Corporate Secretary Permitted: Yes
Usual Authorised Capital: US $50,0000
Registered Office/Agent: Provided
Company Secretary: No
Local Directors: No
Local Meetings: No
Public filing of Directors/Managers: Oponal
Annual Return: No
Submit Accounts: No
Recurring Government Costs
Annual Fee: US$450
Annual Return Filing Fee: None
All non-resident business entities registered in the RMI are governed by the RMI Associations Law. The RMI Associations Law is primarily modeled after the corporate laws of the US state of Delaware and statutorily exempts all non-resident entities from taxes. The Associations Law includes, in one volume, the:
Business Corporations Act
Revised Partnership Act
Limited Partnership Act
Limited Liability Company Act
BRITISH VIRGIN ISLANDS
The British Virgin Islands International Business Company (often referred to as the BVI IBC) is a hugely popular company available for a wide range of business purposes. The British Virgin Islands is a British Overseas Territory located in the Caribbean to the east of Puerto Rico and consists of approximately sixty tropical Caribbean islands and Cays. The Legislature consists of the Queen, who is represented by the Governor, with an appointed Premier who is elected in a general election along with other members of the ruling government as well as members of the opposition.
Companies may re-domicile from other jurisdictions to the British Virgin Islands as well as companies have the flexibility to re-domicile out of the British Virgin Islands. Take advantage of this popular and extensively used form of company with a flexible structure to suit your everyday need.