How to Open an Offshore For Your Business

An increasing number of businessmen today are beginning to understand the advantages that they give to embedding offshore companies in the business structure. Growing competitiveness and globalization of the economy dictate tough conditions for the survival of commercial enterprises. Companies that do not follow the path of constant cost reduction, including through minimizing taxation, simply can not stay afloat in an aggressive environment.

In many sectors of the Russian economy, the share of offshore companies is constantly growing, sometimes reaching values comparable with the share of domestic companies. In the oil refining industry and in the securities industry, the share of offshore companies exceeds 50%.

This is not only a Russian trend - worldwide the number of offshore operations is constantly and steadily increasing, saving billions of dollars a year for owners of international companies and holdings.

If earlier the structures with the participation of offshore companies were mainly engaged in large companies, now this trend has changed. Now, representatives of medium and small businesses are actively developing this segment and acquiring offshore companies.

Advantages provided by offshore companies can not be overemphasized. This is a significant saving on taxes, and ensuring the security of the assets of the enterprise, and the opportunity to enter the international market. The use of a variety of offshore schemes allows owners of companies to significantly increase the size of their profits. In this case, the opening and maintenance of offshore companies are spent minimum amounts.

Open offshore today is extremely simple. You just need to contact the company that provides professional services in this market, and specialists will conduct all the work on registration or re-registration of the offshore off-the-shelf quickly and efficiently.

As a rule, the owner of the company requires only the provision of a passport and proof of the address of residence - a residence permit or temporary registration. Registration of offshore companies is made remotely - the owner does not need to visit the office of an agency company, it is enough to send scans of documents by e-mail. Ready-made documents for the issued company in this case are sent by mail or courier.

The most popular among offshore companies are companies registered in Belize, Panama and the British Virgin Islands. All these jurisdictions are reliable tax havens for many years, are characterized by low-cost, streamlined registration process, a high degree of confidentiality. In order to obtain information about the real owner of the company has become absolutely impossible, the nominal service is widely used. This means that for a very modest fee (an average of 300 - 500 dollars per year), nominal shareholders and directors are hired who become the company's official representatives. They document that they operate only and exclusively in the interests of the beneficiary (the owner of the company).

There is a common misconception among Russian businessmen that it is not safe to use a nominal service. In practice, this is not the case - the use of a nominal service is a proven long-standing practice and does not carry the potential danger of asset retirement - provided that bank accounts are opened not for nominal values, but solely for the beneficiary, who becomes the sole administrator of the account. Since the opening of bank accounts occurs without notice to tax or government agencies, denominations in this case there is no way to get close to the accounts of the company.

Different offshore jurisdictions offer different advantages to company owners. In a great many nuances it is difficult to understand an amateur, therefore, the issue of choosing a jurisdiction should be approached with great responsibility. If you want to open an offshore company, the most reasonable thing is to seek professional help.