Date post: | 13-Jun-2015 |
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10 EASY STEPS TO SETTING UP
YOUR COMPANY OFFSHORE
www.healyconsultants.com
www.healyconsultants.com
You have a plan, a company,
or a business idea. Your first step
should be to find a consultant
that will help you incorporate
your vision.
They should have experience
with setting up companies
offshore (a jurisdiction outside
of where you reside). Choose your consultant first!
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The company structure and
registration jurisdiction determine a
company’s tax liabilities.
Choosing the most efficient
corporate structure and location for
your particular business needs will
allow you to legally minimise tax
obligations. Planning for the most
effective company structure is an
important step that contributes
significantly to the company’s future
success.
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Optimum structures minimise tax
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Records and identification
required for your company setup
vary from country to country, but
all legitimate consultants will
require some due diligence before
they take on a client.
Consultants incur risk when helping
another person to incorporate
their company so this due
diligence is for their own
protection as well as a
requirement from the jurisdiction’s
authorities.
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The name you choose for your company can say a lot
about your business. It contributes to the all important first
impressions that potential clients and investors form.
Official company names must be approved by
government registries.
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Your consultant will take the hassle out of your drudge work, including:
filing paperwork, long phone calls
and dealing with government departments.
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Note: A further advantage of reputable consultants is their existing relationships with
government offices which will help expedite your incorporation and help to avoid
any unexpected obstacles.
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Administrative
Fees for administrative
government services,
submitting applications,
applying for licenses, and
share capital minimums
vary widely between
jurisdictions and specific
industries.
Consulting
Many agencies exist
to offer packaged,
off-the-shelf products.
Consulting offers a
full-service
engagement.
Services
Many services are
available to support an
offshore company
conduct business. Virtual
offices, nominee/resident
directors, accounting and
annual tax filings are the
most popular.
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Hiring a professional firm
takes the pressure off you and
can avoid pitfalls such as
subsequent filing deadlines.
Missing these can double the
time it takes to incorporate.
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Many countries register
companies in just a matter
of days.
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A corporate bank account is a crucial
component of setting up an offshore company
and contributing to legal tax minimisation.
Using a reliable bank with global locations and
word class facilities is recommended to
maximise the efficiency of your business
operations.
Approval time varies between jurisdictions and
case-by-case. Clients who meet all basic
requirements and possess all due diligence can
be processed most quickly, sometimes in as little
as 10 days.
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Managed corporate
services are flexible and
help you do business
anywhere in the world:
• Virtual offices
• Message services
• Mail forwarding
• Office setup
• Multiple global
office locations
• Multiple global mail
addresses
• Purchasing
commercial property
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Your company has been
successfully set up.
You’re ready for business!
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More information and support for incorporating an offshore company can
be found by visiting Healy Consultants business website, or by emailing us
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