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Formation of an Offshore Company for non-UK resident
a company in the UK is popular for many business persons who are living
outside the UK. The low start-up costs and a simple incorporation
procedure makes the United Kingdom a preferred location for many
international customers looking to start a new business.
companies offer not only the scope for international tax planning, but
also global business structuring. The offshore company registration
process is quick since the incorporation or registration documents can
be received as right on time as one to about fourteen days. Offshore
companies provide a similar level of protection and confidentiality,
such as limited liability companies. Offshore company formation is
generally much simpler than onshore incorporation, due to lax
legislation and business-friendly regulation. You can have your offshore
company in as little as a couple of days from order to Startup
The best possible way to form a company in the UK is to use a formation agent. Typically, applications are confirmed in short period of time because everything is done online. There is no need to travel to the UK, nor do you have to speak to anybody over the phone, post documents or sign any paperwork in person. You can upload and transfer documents electronically and create a unique online signature to approve the registration.
Offshore Company Formation Advantages:
Offshore companies offer a range of benefits over their onshore equivalents such as:
Lower tax rates.
Security against creditors.
Easier company reporting requirements.
The protection of one’s identity.
Avoiding local investing restrictions.
Most common reasons behind an offshore company formation are optimization of taxes, asset protection, captive insurance, protection of intellectual property, secrecy and privacy protection.
An Offshore Company is generally set up in a tax
haven like Cyprus, British Virgin Islands (BVI), Seychelles Islands,
Hong Kong etc, where there are no corporate or personal income taxes,
capital gains taxes, reporting requirements, or restrictions on
company employment policies.
Many businesses are going global. Corporate
structuring and planning have produced higher levels of complexity
than ever before while the requirement for anonymity remains strong.
Corporations must keep pace and be continually on the lookout for new
ways to profit. One way is to have a clear knowledge of the aspects
of offshore foreign corporations, and how they may be put to
Key benefits for having an offshore company
The main reasons to incorporate offshore are:
Protecting assets in combination with a Trust, an
offshore company can dodge high levels of income, capital and death
taxes that would otherwise be obligatory if the property were held
directly. It can additionally preserve assets from lenders and other
interested parties. From contenders, adverse claimants and other
people from whom you wish to keep your business interests private and
to ensure against future cases such as bankruptcy, judgment creditors
and other litigants, etc.;
Keeping company affairs private, Offshore
Companies offer absolute privacy. If the business shares are held by
a Trust, the ownership is constitutionally vested in the
administrator, thus increasing the potential for even greater tax
Family and Protective Trusts (perhaps as an
alternative to a Will) for the accumulation of investment income and
long-term advantages for beneficiaries on a favorable tax basis
(without income, inheritance or capital gains taxes);
Simplify the transfer of asset
The sale or transfer of assets in different
nations can become complicated and costly. If an offshore company
collectively holds these, ownership can be transferred by business
shares rather than transferring the real properties owned by the
International Tax Planning:
Conduct business without corporate taxes. Tax
havens, such as the British Virgin Islands, allow the development of
International Organizations that have no tax or reporting
obligations. This indicates you save cash not only from the absence
of corporate taxes but further from decreased compliance and other
Other advantageous includes:
as an international entity:
for businesses that have employees working on overseas projects:
from intellectual property rights, licensing and franchising:
properties in other foreign countries
Own or lease ships or pleasure craft:
Incorporate an offshore company with speed,
efficiency, and value. Coupled with transparent, highly-competitive
cost and timely, dedicated support, your offshore company
registration is made easy.
suitability of offshore companies to a particular individual can only
be determined after a reasonably detailed analysis of one’s financial
conditions and future plans.
Required information when forming a company in UK:-
An organization name that isn't as of now being used. (We will check this for you)
A UK enlisted office. (We can provide this whenever required)
One company director who is minimum 16 years old.
One company investor.
is not compulsory to have a UK bank account to trade in the UK.
However, working with a UK business or personal bank account will ensure
that transactions are processed more smoothly and without exorbitant
Although it is not necessary to be a permanent citizen of UK in order to open a UK bank account, for the most part, UK residency rights and a UK home address are required. On the other hand, there are different international bank account services available in our packages.
Formation provides a wide range of services such as offshore company
formation and maintenance, creating and maintaining bank accounts,
provision of nominee directors and shareholders and other offshore
services. Within our package, we provide a complete list of features,
which has been put together to help you for your company formation, and
above all ensure you’re fully set up to begin business here in the
expert group of advisors will be happy to assist with your any
inquiries, no matter how complex they may be and whether in relation to
the opening of a single bank account, obtaining offshore jurisdiction
information, or dealing with an online company formation from the
simplest to the most complex corporate structure.
We Guarantee Your Privacy Will Be Respected When Using Our Web Site
information you give to Startup Formations will remain confidential to
the greatest extent of the law as provided by our legal counsel.
Usually, it is our policy not to conduct business or to support others
contrary to the law and ethical business practice.
If you would like to set up your company online now then please visit our company formation page now.