Many of us have asked this question: Which path should we take? This is a difficult decision for most people. It’s worth doing some research to see what options you have. You are the only person who can choose which option is best for your needs. The information below should give you an idea of the options available to you and help you make the right decision.
What is an Offshore Company?
An Offshore Company can be described as a legal entity registered or incorporated in an Offshore Financial Centre (or ‘tax haven’). This is often a frequently asked question. Offshore Jurisdictions are countries such as Bermuda, the British Virgin Islands, and Seychelles. Companies incorporated in these countries are called Offshore Companies.
What is Ready-Made Offshore?
A Ready Made Company can also be known as a shelf or Pre Registered Company, depending on its age. This company has been registered with the Offshore Jurisdiction authorities. A lot of people are looking to buy ready-made Offshore companies. The registration number is instantly available, viewed as an advantage.
You will need to allow enough time to transfer ownership to you, including the appointment of new officers, when purchasing Ready Made Offshore Companies. It is generally quicker to transfer ownership than to incorporate a new company. This can be great if you need to trade immediately.
A key point I would recommend to anyone who is considering purchasing Ready Made companies is:
- As the company may have debts or liabilities, ensure that it has never been traded before.
- You can request a Certificate of Good Standing to confirm that your company is in good standing before you submit it to the authorities.
These two points are important because you shouldn’t purchase a company with bad credit or credit history. This could pose a serious problem for you.
After you find the right company, we will ensure that you buy the company from a trustworthy seller who can guarantee that the company has never traded, such as IT-offshore.
Advantages when you buy Ready-Made Offshore Company
- A well-established company can help you grow your business. Its reliability, which can be reassuring to your clients, can increase your commercial credibility.
- Easy business relationships – an older company can establish banking and business relationships.
- Customers will be more comfortable dealing with you if they know that your company has a history.
- Simple and quick – Shelf Companies can be transferred to you immediately to allow you to trade with the company.
What is Offshore Company Formation?
This is a new company that is being registered in an offshore jurisdiction. Your company will be registered from the first day of registration. It usually takes several days to register a company, depending on which jurisdiction you choose. Seychelles takes the longest to register a company, taking as little as 24 hours.
There are many offshore jurisdictions you can choose from. You need to ensure you make the right decision and choose the best way to buy ready-made offshore company.
You must provide the following information when you register an Offshore Company:
- Names, addresses, and other personal information for Company Officers
- Share details – What shares are required to be issued within the company
- Details of the business activities that the company is planning to do
You may need to provide additional information depending on where you are located offshore. To ensure that the company meets your needs, offshore authorities often require as much information as possible.
Once the offshore company is registered and you have received the registration number, it will be possible to trade with the company.
