Offshore Incorporation
Company Setup Requirements for British Virgin Island

Minimum Shareholder : 1

Minimum Director : 1

Corporate Directors and Shareholders : Permitted

Local Secretary Required : No

Local Registered Office : Required 

Minimum Paid Up Capital : US$1 

Annual Reporting or Auditing : Not Required

Local Tax on Foreign Income : Exempted

Company Setup Requirements for Marshall Islands

​Minimum Shareholder : 1

Minimum Director : 1

Corporate Directors and Shareholders : Permitted

Local Secretary Required : Yes

Local Registered Office : Required 

Minimum Paid Up Capital : US$1

Annual Reporting or Auditing : Not Required

Local Tax on Foreign Income : 3% / RM20,000

Company Setup Requirements for Hong Kong

Minimum Shareholder : 1

Minimum Director : 1

Corporate Directors and Shareholders : Permitted

Local Secretary Required : Yes

Local Registered Office : Required

Minimum Paid Up Capital : HK$1

Annual Reporting or Auditing : Required

Local Tax on Foreign Income : Exempted

Standard Authorized Capital : HK$10,000

Setup Requirements for Seychelles International Business Company

Minimum Shareholder : 1

Minimum Director : 1

Corporate Directors and Shareholders : Permitted

Local Secretary Required : No

Local Registered Office : Required

Minimum Paid Up Capital : US$1

Annual Reporting or Auditing : Not Required

Local Tax on Foreign Income : Exempted

Advantages of setting up a company offshore

  • Confidentiality and Privacy:
    Business owner are able to keep business affairs confidential by having an offshore companies that offer secured and complete privacy. The ownership can be legally vested in the trustee provided that the company shares are held by trust, which business owner can then gain access to even greater tax planning advantages to maximize profit.
  • Estate Planning:
    Family and Protective Trusts or an alternative to a will can provide accumulation of investment income and long-term benefits for beneficiaries on a favorable tax basis (e.g. exemption of income, inheritance or capital gains taxes.​
  • Protection of Asset
    By setting up a offshore company, business owner can avoid high levels of income, death and capital taxes by protecting assets with the combination of a trust. It would otherwise be payable if the assets were held directly by the business owner. It can also protect assets from competitor and other interested parties such as creditors and keep your businesses affairs private. Additionally, an offshore company can help business owner secure against future claims such as bankruptcy, judgment creditors and other litigants.
  • International Tax Planning
    Business owner with an offshore company can save on taxation and compliance cost while carrying out business affairs in these offshore jurisdiction. Business can be conducted without heavy corporate tax or reporting requirements. Offshore company can conduct business as an international entity and have the same rights as an individual person and can make fundamental business affairs such as investments, buy and sell real estate, trade portfolios of stocks and bonds, and conduct any legal business activities as long as these are not done in the country of registration. Offshore Companies are exempted from paying social security, withholding tax, or associated expenses of employees working in other foreign countries.
  • Reduction of expenses and cost
    Business owner can reduce payroll and staffing expenses by recruiting employees and staff to work on overseas projects. Services done in overseas can enjoy no taxation on profits due to international transactions. For instance, offshore company can import products from one country and sell them to another company in different country so the profits of the transaction are accumulated in the offshore company where it has no taxation on profits. Additionally, employment or consultancy fees that are done offshore can enjoy lower tax. Offshore corporations can contract professionals to service employers in higher tax locations to allow accumulation of fees in a low tax jurisdiction.
  • Efficient transfer of assets and maximize profits.
    The ownership can be transferred by company shares rather than the actual properties owned by the company, if the offshore company holds the properties instead of the individual. It can be done cross countries at a cheap and simple procedure. Assets can also be utilized fully by franchise or license to overseas company, allowing profits to be transacted in a tax-free jurisdiction (i.e. IPs)

  • Protect investments in other foreign countries.
    Foreign investor may set up an offshore company that loans funds to a development company set up in another country and charge interest rates that will lower tax obligations and protect the long term ability to secure profit. This advantage can be more prevalent when working in countries with high tax rate and strict exchange controls.