How to open an offshore
Video: How to Open An Offshore Bank Account 2024, July
Many representatives of medium and large businesses choose to open a company in the offshore zone. This is an absolutely legal procedure that allows you to conduct business in a tax-friendly zone without actually going there.
You will need
- - international passport;
- - money;
- - Bank account;
- - Internet access;
- - registration in the native country.
Instruction manual
1
The decision to open an offshore is made when the company wants to conduct business by registering another company in the preferential tax zone. As a rule, an enterprise conducts its business activities in its home country, but according to documents it is registered in an offshore territory. To begin with, you need to choose an offshore zone in which you want to open your company. A number of zones within the European Union (Cyprus, Great Britain, Madeira Island) have preferential taxation. By opening your own company there, you will be required to report to the appropriate authorities and pay taxes. The trust in your company from customers and partners will be quite high, but all activities should be transparent and subject to annual audits. Most offshore zones are located on the islands (Dominica, Seychelles, Hong Kong, Vanuatu, Virgin Islands, etc.). There is no taxation in such states, you only have to pay a fixed annual fee. However, the respectability of such a company will be very low.
2
Find an experienced intermediary or lawyer who will accompany your transaction on registering an offshore company. To start the procedure, you need to have the following documents: a foreign passport, a tax return of your company confirming the legality of your activity, a document confirming registration in the territory of the Russian Federation. After submitting documents, you can start applying and start registering a company in an offshore zone. In parallel with this procedure, you open an account with a foreign bank, which you will manage remotely via the Internet. The procedure for final registration of a company will take from 7 to 30 days. After that, you receive a package of documents on your hands confirming your ownership of an offshore company.
3
Depending on the selected offshore zone, you will have to submit annual reports to the relevant authorities. But in most areas, such reports are not required at all or are formal. As a rule, the company registration package includes the services of an accountant.
note
Be careful with the choice of an intermediary who directly records an offshore company. Try to collect as much information about him as possible (feedback from partners, publications in the press). Among companies offering such services, there are often scammers.
Useful advice
You can buy a ready-made offshore company. It will cost more than your own registration, but will only take one day.
