A simple guide to setting up an offshore company

Setting up an offshore company will involve a lot of work and you will need to hire an expert to help you complete the entire process. However, you too should know various steps involved so that you understand what exactly is happening and what you are signing.

Your first step in this process would be to choose the country where setting up an offshore company is comfortable for you. While choosing the location, you should not only consider just the tax environment of your chosen country but also what the company will be used for, the setup and the ongoing cost, privacy and the confidentiality issues. Next, you have to think about the type of entity that you want to form. You will find many jurisdictions offering different types of IBCs, non-resident companies, holding companies as well as LLPs and LLCs. Other steps involved in setting up offshore company include choosing your company name, share capital, the method of funding, deciding the number of directors and more. It is also important for you to know how much time it will take in setting up an offshore company.  This time will vary depending on the country in question. But the normal time may vary between one week to one month.

Do a research nicely to gather more information related to setting up an offshore company. Take help of a professional who has experience in offshore company formation and, offshore merchant account processing. An advisor will help you, from beginning till end.