Offshore is a company registered abroad and does not conduct any business there. The owners of this company are not citizens of this country. The main advantage of offshore is the absence or very small amount of taxation. Any citizen who has sufficient funds for this can open an offshore account.
It is necessary
- - a package of documents for opening an account by an individual;
- - a package of documents for opening an account by a legal entity;
- - a package of documents for the company;
- - sufficient funds.
Instructions
Step 1
Select the area where you would like to open an offshore account. Countries with low taxation (for example, Cyprus, Liechtenstein, Great Britain, etc.) or with no taxation (Dominican Republic, Belize, Marshall Islands, etc.) are at your service.
Step 2
Determine how you want to proceed. You may decide to buy a ready-made offshore company. Or register a new one through a special agency. Your name will not appear on an open account, only your company name.
Step 3
Decide if you would like to personally travel to the country where you are opening an offshore account. Many banks in some countries offer to do this remotely. This opportunity is offered to be used, for example, in Cyprus, Latvia, CIM Banque in Switzerland.
Step 4
Take a closer look at the direction of activity of the selected bank. Some are designed for long-term storage of money, others - for making regular payments. Find out about the availability of counterparties, and also check if there is a list of banks with which they work in your country of residence. Opening an account in such an organization will look more believable on the part of third parties.
Step 5
Prepare the required package of documents for opening an offshore account. If you are an individual: internal and foreign passport; document on the main sources of income; Contact details; a description of the purpose of opening an account, as well as the main operations that you plan to perform with its help; turnover of funds per year; approximate number of operations. Some Western banks reserve the right to expand this list at their discretion.
Step 6
To open an offshore account, a legal entity requires the following documents: certificate of company registration; current charter; trust documents; beneficiary's documents; personal documents of the bank account manager; document on the appointment of the director of the company and his passport.
Step 7
Documentation about the company for which the account is opened is collected separately. This is a description of the purpose of opening an account and the proposed transactions; annual turnover of funds; sources of income; beneficiary's resume with contact details. Banks reserve the right to supplement the requirements for this list.
Step 8
When the documents for opening an offshore account are collected, decide how you want to carry out this operation. You can independently contact the selected bank. Or head to a company that can help you open an account for a small fee. They can also buy for you a ready-made company in the offshore country.
