Offshore Company Registration

Offshore company registration is done in a few easy steps. The process of offshore company formation is completed in less than twenty four (24) hours in most offshore jurisdictions. The process and documents necessary for offshore company registration is similar to those required for the formation of a regular business company. countries with the legislation in place which supports the incorporation of offshore companies are included in the following list: Dominica, St Kitts and Nevis, Anguilla, Bermuda, Cayman Islands, Bahamas, British Virgin Islands, Barbados, St Lucia, St Vincent, Grenada, Mauritius, Seychelles, Singapore, Vanuatu, Hong Kong, Cyprus, Panama, Belize, Antigua and Guernsey.

The first step to offshore company registration in most offshore jurisdictions is finding a Registered Agent. There are offshore jurisdictions which make hiring a Registered Agent compulsory for the incorporation of offshore companies. The Registration of offshore companies in these jurisdictions without the help of a Registered Agent will be denied by the registration authority. Jurisdictions which make employing a Registered Agent mandatory are Dominica, Anguilla, British Virgin Islands, St Kitts and Nevis, Panama, Belize, Antigua and St Vincent and the Grenadines among others. The registered agent may be a person or offshore service provider who has obtained the necessary license from the government of the jurisdiction or the relevant authority (Financial Services Unit) which oversees offshore financial services in the jurisdiction. The Registered Agent has the main responsibilities of preparing the incorporation documents and securing the fees necessary for filing for offshore company registration. The registered agent works as a liaison between the offshore company owners and the office of the Registrar of Companies.

By the way of document preparation for the offshore company incorporation a Memorandum of Association must be filed with the Registrar of companies. The name of this document varies and is also called Articles of Incorporation. This must be signed by the registered agent or persons known as subscribers. The information in the Memorandum of Association is basically the same required of all jurisdictions. The Memorandum of Association of offshore companies must have the following basic but important information:

• The name of the offshore comp[any
• The name and address of the registered agent
• The registered address of the offshore company
• The authorized share capital of the company
• The number and types of shares to be issued by the offshore company
• State the value of each share to be issued
• In cases where different types of shares are issued the voting rights, privileges and limitations of each type of share
• The names and addresses of company shareholders
• The names ,address and nationalities of company directors
• The purpose for forming the offshore company
• State if the company is limited by shares
• State if the company is limited by guarantee
• State if the company is limited by shares and guarantee
• The date by which the company is to be dissolved if any

The Memorandum of Association must be filed along with the Articles of Association which outlines the by -laws of the company and the regulations the company must follow. The shareholders of the offshore company can include in this document any regulations which they have agreed that the offshore company should follow. The Registrar of Companies should receive along with these documents a registration fee. The Registrar of Companies will issue a Certificate of Incorporation to the offshore company if all the offshore company registration requirements have been meet. This certificate makes the offshore corporation a legal entity.

Offshore company registration is very affordable and so is the annual license fee which must be paid at the end of each business year. The fees for offshore company registration and the annual license fees vary from one offshore jurisdiction to another.