To create a company you can do it either from your country of origin through a firm specializing in the creation of an offshore company, or outside your home country, by going directly to you. Offshoring makes it possible to take advantage of international conventions to reduce the various implementation costs and to take advantage of low operating costs (tax exemption, zero-rating, cheap labor, etc.).
The steps of an offshore company creation
The creation of an offshore company can be complicated, especially with all the administrative and legal procedures to implement for its implementation. In fact, each country has its own jurisdiction over offshore companies, and it is sometimes necessary to be present on site to present the various elements necessary for the creation of the offshore company to the local authorities of the country.
Thus, to facilitate this process of setting up offshore companies, specialized firms exist and offer their services for procedural steps. It is indeed advisable to call on professionals for help setting up offshore companies. Indeed, specialized lawyers or notaries offices can assist you turnkey more easily to the creation of your offshore company, in particular, to facilitate the administrative procedures in the countries of implantation.
Thanks to these firms (tax specialists, lawyers, consultants) specializing in the creation of offshore companies, it is now easy to create your own offshore company, without even leaving your country of origin, where firms have their own antenna in the destination country of your offshore company.
These firms are there to help you, even to realize for you, all the steps of the creation of an offshore company like:
- The constitution of the file of the offshore company according to the chosen jurisdiction (the statutes of the company, the procedures of governance, the CVs of the leaders …),
- The presentation of the constituent elements of the file to the competent authorities of the country of an establishment according to the chosen jurisdiction,
- The registration of your offshore company with the Trade and Companies Register or the appropriate authority of the country of establishment,
- The opening of offshore bank accounts in the country of establishment,
- The tax return of the offshore company from its country of origin if applicable.
You can find firms specializing in the creation of offshore companies on the Internet by doing a simple search on a classic search engine.
Advice is also available on most portals for information on offshore companies before embarking definitively. This advice will allow you to identify the advantages and disadvantages of each offshore jurisdiction in order to orient you to the countries appropriate to your business and to choose the best firm specialized in the creation of the offshore company.
The principle of an offshore company
An offshore company is a company registered in another country offering favorable or non-existent taxation, as long as the main activity is not exercised in the territory of registration. In order to attract foreign investors, countries do not hesitate to offer foreign companies facilities (low registration tax, tax exemption for imports and exports, or other tax benefits) and in exchange, these companies contribute money. labor (although the workforce is generally low cost), technology and thus benefits both countries.
There are, in fact, international conventions that govern the creation of offshore companies and that respect a number of specific legal principles that investors must master before creating their own offshore company.
The costs of setting up an offshore company
Offshore company creation costs vary from country to country, but in general, there are mandatory and recurring administrative costs that the company has to pay in the offshore jurisdiction. In addition to these administrative costs of setting up and operating, entrepreneurs can also pay costs on advice and support for the creation of their offshore company.
In general, the costs of setting up the offshore company can vary between 300 to 3000 euros.