Where do I establish an offshore company
Establishing an offshore company is a difficult task and choosing an offshore jurisdiction to establish your company in can be an even greater task. Your jurisdiction of choice will greatly influence the formation stages and choosing a jurisdiction to establish your offshore company within is a very significant and important decision.
EFSAG can offer professional consultancy with regards to finding you a suitable jurisdiction for your offshore company needs. To learn more about offshore jurisdictions, view our Offshore Company Formation section.
Establishing an offshore company explained
To establish an offshore company is a lengthy task and involves a complex process that requires submitting a range of documents and credentials. The first step in establishing an offshore company is choosing a jurisdiction to establish your company in. This is a crucial stage as each jurisdiction enforces its own rules and regulations as imposed by the regulatory authority of that jurisdiction. In addition, the duration of the application procedure will be influenced by your chosen jurisdiction.
There are a number of factors that must be taken into consideration when choosing an offshore jurisdiction to establish your company in. Most offshore jurisdictions have a minimum capital requirement in place, as required by capital adequacy legislation in place within that jurisdiction. In addition, the setup costs and application fees will also differ from one jurisdiction to another, along with any annual fees imposed.
Many offshore jurisdictions require the presentation of a range of documentary evidence, which must confirm their good reputation, financial status and character. This involves presenting business and bank references, certificates from relevant police and other law enforcement agencies along with other similar documents. However, once again, this procedure and the required documentation will differ from jurisdictions to another.