SERVICES

Formation of offshore Companies


It is popular to set up the offshore companies to act as holding company in order to expand the business, for international trade and investment. There are two main attractive advantages:

  1. No publicly accessible records for all the Directors and Shareholders’ information, it is entitled to high confidentiality;
  2. Most of the offshore companies are not subject to tax payment and some jurisdictions can be listed in other countries or regions.

We provide the formation of offshore companies for the following jurisdictions:

  • Anguilla
  • Belize
  • British Virgin Islands (BVI)
  • Cayman Islands
  • Panama
  • Seychelles

 

 

 

Anguilla is a British overseas territory in the Caribbean and is one of the most northerly of the Leeward Islands in the Lesser Antilles. Anguilla is an internally self-governing overseas territory of the United Kingdom with a legal system based upon English Common Law with local modifications. Anguilla’s currency is the East Caribbean Dollar (EC$), though the US Dollar (US$) is also widely accepted.

All Anguilla Companies must maintain proper accounting records. Such records must be kept at the registered office or the company must inform the registered agent in writing of the physical address of the records.

General requirements to register an Anguilla Company:

Directors

  • At least one Director is required
  • Corporate Director is permitted
  • No restriction on nationality

Shareholders

  • At least one Shareholder is required
  • Corporate Shareholder is permitted
  • No restriction on nationality
Company Secretary
  • Appointment of Company Secretary is optional
Company Name
  • IBC (International Business Company) names must contain the word “Limited”, “Corporation”, “Incorporated”
  • Chinese company name is allowed
Share Capital
  • Standard currency is USD, but permitted to any currencies
  • Usual authorized capital is USD50,000
  • Minimum paid up capital is USD1
Registered Office Address and Registered Agent
  • It must maintain registered office address and a registered agent within Anguilla
Lead time to set up the Company
  • Tailor made company: 10 working days
  • Purchase shelf company: 3 working days
Annual License Due Date

According to date of incorporation of the Company:

Q1: January–March Due Date: 31 March
Q2: April–June Due Date: 30 June
Q3: July–September Due Date: 30 September
Q4: October – December Due Date: 31 December
 

Belize is a country on the eastern coast of Central America. There are excellent connections to and from the country from the US and Central America. The law in Belize is English Common Law. English is their official language, but Spanish is widely spoken.

The Belize IBC (International Business Company) is the most popular company type for offshore formation and offshore activities are exempted from the exchange control. Belize’s currency is The Belize Dollar (BZ$).

All Belize Companies must maintain proper accounting records. Such records must be kept at the registered office or the company must inform the registered agent in writing of the physical address of the records.

General requirements to register a Belize Company:

 

Directors

  • At least one Director is required
  • Corporate Director is permitted
  • No restriction on nationality

Shareholders

  • At least one Shareholder is required
  • Corporate Shareholder is permitted
  • No restriction on nationality
Company Secretary
  • Appointment of Company Secretary is optional
Company Name
  • Chinese company name is allowed
Share Capital
  • Standard currency is USD, but permitted to any currencies
  • Usual authorized capital is USD50,000
  • Minimum paid up capital is USD1
Registered Office Address and Registered Agent
  • It must maintain registered office address and a registered agent within Belize
Lead time to set up the Company
  • Tailor made company: 7 working days
Annual License Due Date
  • 31 December every year

British Virgin Islands (BVI) is a British overseas territory located in the Caribbean to the east of Puerto Rico. BVI is a British Crown Colony with its corporate law based on the English Common Law and had an excellent reputation of political stability. BVI’s currency is the US Dollar (US$)

BVI is frequently labelled as a “tax haven”, it is a very popular and widely used offshore companies because it is taxation exempt, no exchange control and no publicly accessible records.

All BVI Companies must maintain proper accounting records. Such records must be kept at the registered office or the company must inform the registered agent in writing of the physical address of the records.

General requirements to register a British Virgin Islands (BVI) Company:

Directors

  • At least one Director is required
  • Corporate Director is permitted
  • No restriction on nationality

Shareholders

  • At least one Shareholder is required
  • Corporate Shareholder is permitted
  • No restriction on nationality
Company Secretary
  • Appointment of Company Secretary is optional
Company Name
  • IBC names must contain the word “Limited”, “Corporation”, “Incorporated”
  • Chinese company name is allowed
Share Capital
  • Standard currency is USD, but permitted to any currencies
  • Usual authorized capital is USD50,000
  • Minimum paid up capital is USD1
Registered Office Address and Registered Agent
  • It must maintain registered office address and a registered agent within British Virgin Islands
Lead time to set up the Company
  • Tailor made company: 10 working days
  • Purchase shelf company: 3 working days
Annual License Due Date

According to date of incorporation of the Company:

1 January – 30 June Due Date: 31 May
1 July – 31 December Due Date: 30 November

 

Cayman Islands are overseas territory of the United Kingdom.  The legal system is based on English Common Law.  The courts operate under the English system and the highest appeal is to the Privy Council in London, England.

There is no income tax, capital gains tax or corporation tax in Cayman Islands.  Also, Cayman Islands is one of the offshore jurisdictions recognized by the Hong Kong Stock Exchange for listing in Hong Kong.

There are two principal types of companies suited for offshore operations, Ordinary (non-resident) and the Exempted Companies in which the Exempted Companies are the most popular and common to be registered.

Exempted Companies formed for the purpose of carrying on business outside the Cayman Islands and it is entitled to obtain from the Cayman Islands’ Government an exemption from future taxes for a period of 20 years.  Under the Cayman Islands Companies Law, it is not necessary to file the annual accounts, but it should submit an Annual Declaration to the Registrar of Companies in Cayman Islands for every year.

General requirements to register an Exempted Company in Cayman Islands:

Directors

  • At least one Director is required
  • Corporate Director is permitted
  • No restriction on nationality

Shareholders

  • At least one Shareholder is required
  • Corporate Shareholder is permitted
  • No restriction on nationality
Company Secretary
  • Appointment of Company Secretary is optional
Company Name
  • IBC names must contain the word “Limited”, “Corporation”, “Incorporated”
  • Chinese company name is allowed
Share Capital
  • Standard currency is USD, but permitted to any currencies
  • Usual authorized capital is USD50,000
  • Minimum paid up capital is USD1
  • An annual government fee is subject to the amount of authorized share capital
Registered Office Address and Registered Agent
  • It must maintain registered office address and a registered agent within Cayman Islands
Lead time to set up the Company
  • Tailor made company: 14 working days (English name only)
  • Tailor made company: 28 working days (Both English and Chinese name)
Annual License Due Date
  • Annual license is due on 31 December for each year

Panama is the southernmost country of Central America and it is situated on the isthmus connecting North and South America.

Panamanian companies are incorporated under the Panamanian Law No. 32 of 1927. The official language in Panama is Spanish and English is also widely used in Commercial and International Trade.

There is no exchange controls and the currency in Panama is US Dollar (US$).

All Panama companies must maintain proper accounting records. Such records must be kept at the registered office or the company must inform the registered agent in writing of the physical address of the records.

General requirements to register a Panama Non-Resident Company:

Directors

  • At least one Director is required
  • Corporate Director is permitted
  • No restriction on nationality

Shareholders

  • At least one Shareholder is required
  • Corporate Shareholder is permitted
  • No restriction on nationality

Company Secretary

  • Should be appointed (can be the same person of individual or corporate director)
Company Name
  • Should be ended with the wording of “S.A.”, “Corporation”, “Corp.”, “Incorporated” and “Inc.”
  • No Chinese company name is allowed
Share Capital
  • Standard currency is USD, but permitted to any currencies
  • Usual authorized capital is USD10,000
  • Minimum paid up capital is USD1
Registered Office Address and Registered Agent
  • It must maintain registered office address and a registered agent within Panama
Lead time to set up the Company
  • Tailor made company: 4 weeks
Annual License Due Date
  • Incorporation date from January to June, the due date is 30 June every year
  • Incorporation date from July to December, the due date is 31 December every year

Seychelles is an archipelago in the Indian Ocean. It is part of the Indian Ocean Commission (IOC), La Francophonie and the Commonwealth of Nations. The legal system originated from French civil law, but most modern criminal and business legislation is closer to Anglo-Saxon common law practice. The national currency of the Seychelles is the Seychellois rupee.

Seychelles offers two mainly type of companies which are International Business Company (IBC) and Company Special License (CSL). IBC is the most popular and common type to be registered.

All Seychelles IBC’s must maintain proper accounting records. Such records must be kept at the registered office or the company must inform the registered agent in writing of the physical address of the records.

General requirements to register a Seychelles IBC:

 

Directors

  • At least one Director is required
  • Corporate Director is permitted
  • No restriction on nationality

Shareholders

  • At least one Shareholder is required
  • Corporate Shareholder is permitted
  • No restriction on nationality
Company Secretary
  • Appointment of Company Secretary is optional
Company Name
  • The name of IBC must indicate that the company is Limited
  • Chinese company name is allowed
Share Capital
  • Standard currency is USD, but permitted to any currencies
  • Usual authorized capital is USD1,000,000
  • Minimum paid up capital is USD1
Registered Office Address and Registered Agent
  • It must maintain registered office address and a registered agent within Seychelles
Lead time to set up the Company
  • Tailor made company: 10 working days
  • Purchase shelf company: 3 working days
Annual License Due Date
  • Annual license is due on the day before the anniversary date of the company’s incorporation

Download the application form for the formation of offshore Companies

Quotation will be provided upon request, for further enquiry, please contact us

  • By phone: (852) 3678 3000
  • By email: info@aegis.com.hk