Offshore Company Formation

Offshore company formation can be done in many countries called offshore jurisdictions. Offshore company registration is done for International business companies, Limited Liability companies and partnerships in those offshore jurisdictions which has the legislation in place to support their formation. Offshore companies are regarded as legal entities as long as they are incorporated following the right process and can do business in any country in the world. Offshore company formation can be completed in any of these offshore jurisdictions: Dominica, St Kitts and Nevis, Bermuda, Belize, Bahamas, Cayman Islands, British Virgin Islands, panama, Anguilla, St Lucia, St Vincent and the Grenadines, Seychelles, Vanuatu, Mauritius, Gibraltar and Hong Kong among many others.

The formation of an International Business company can be completed in most of the Caribbean’s offshore jurisdictions. This type of offshore business corporation is mostly referred to as ‘offshore company’ and is the most frequently incorporated of all offshore companies. Offshore Company formation for an IBC starts with engaging the services of a Registered Agent in many jurisdictions where offshore company legislation makes this move compulsory. This is actually common practice in most of the Caribbean’s jurisdictions. Offshore company formation will not be considered by the authorities for registering companies if this directive is not followed. Offshore company formation for International Business Companies can be completed in less than twenty four (24) hours providing that the all the right documents are filed for processing.

Offshore company formation for International Business Company involves preparing a Memorandum of Association and Articles of Association on behalf of the offshore company. The documents are filed at the Registrar of Companies and a Certificate of Incorporation will be handed out by the Registrar of Companies if all the company formation requirements are met. Information submits is as follows:

• The name of the International Business Company
• The name and address of the registered agent
• The registered address of the company
• The objectives for forming the company
• The authorized share capital of the offshore company
• The number of shareholders
• The number of directors( Some jurisdictions ask for names, nationalities and addresses of offshore company shareholders and directors)
• The types of shares to be issued
• The privileges, restrictions and rights attached to each type of share issued
• The by- laws of the company

Offshore Limited Liability Companies are well sought after offshore business companies with many benefits. For offshore company formation of a Limited Liability Company a registered agent is also needed in some jurisdiction. The offshore limited Liability Company is a business company in which company owners or partners have limited liability towards the debts of the company in case of bankruptcy. For offshore company formation for a limited liability company Articles of Formation must be filed at the Registrar of Companies. The document must contain the following information:

• The name of the Limited Liability Company which must end with the words limited liability company or the abbreviation LLC
• The date by which the company will be dissolved if a date has been set
• The name and address of the registered agent
• State if the limited liability company will be managed by a hired persons or one of the company’s members
• The by- laws and or operating agreement of the offshore limited liability company

The exempt partnership company or offshore partnership is formed by general and limited partners who enter into a partnership agreement. For offshore partnership formation filing of the partnership agreement is not obligated in all offshore jurisdictions. Documents prepared for filing to the Registrar of Companies must include the name of the exempt partnership, the number of general and limited partners and the contribution of each partner can be included.

Offshore company formation is very reasonable priced and provide many benefits.