Many representatives of medium and large businesses choose to open a company in an offshore zone. This is an absolutely legal procedure that allows a company to conduct its business in a tax-friendly area without actually going there.
It is necessary
- - international passport;
- - money;
- - Bank account;
- - Internet access;
- - registration in the home country.
Instructions
Step 1
The decision to open an offshore company is made when a company wants to conduct business by registering another company in a tax-exempt zone. As a rule, a company conducts its business activities in its home country, but according to the documents it is registered in an offshore territory. First you need to choose the offshore zone in which you want to open your company. A number of zones that are part of the European Union (Cyprus, Great Britain, Madeira) have preferential taxation. Having opened your company there, you will be required to report to the relevant authorities and pay taxes. The credibility of your company from clients and partners will be quite high, but all activities should be transparent and subject to annual audits. Most offshore zones are located on the islands (Dominica, Seychelles, Hong Kong, Vanuatu, Virgin Islands, etc.). There is no taxation in such countries, you only have to pay a fixed annual fee. However, the respectability of such a company will be very low.
Step 2
Find an experienced broker or lawyer to accompany your offshore business incorporation transaction. To start the procedure, you need to have the following documents: a foreign passport, a tax declaration of your company confirming the legality of your activity, a document confirming registration in the territory of the Russian Federation. After submitting the documents, you can start submitting an application and start registering a company in an offshore zone. In parallel with this procedure, you open an account with a foreign bank, which you will manage remotely via the Internet. The final registration of the company will take from 7 to 30 days. After that, you will receive a package of documents confirming your ownership of the offshore company.
Step 3
Depending on the chosen offshore zone, you will have to submit annual reports to the relevant authorities. But in most areas, such reports are not required at all or are formal in nature. As a rule, the company registration package includes the services of an accountant.
