Offshore companies

If we want to fully appreciate the benefits of offshore companies, it is important to thoroughly familiarize ourselves with the very essence of the term offshore company. What exactly is an offshore company and what is it for? An offshore company is a company that carries out its activities in a different country (jurisdiction) than the one in which it is established.

It is not just a pin on the map. It is essential that the offshore company is established under the law of a specific country. Such a country for an offshore company will typically be a country that provides exceptional tax benefits for a specific type of business. Jurisdictions in which offshore companies are established for tax benefits are also called tax havens.

The basis of offshore companies is that the business activity of offshore companies is carried out outside the territory in which the companies are registered. If the company’s business activity takes place in the territory where the company is registered and to whose legal regime it is subject, it is not an offshore company but an onshore company.

This applies even if the tax regime for a specific type of business would be exceptionally tax advantageous for the home company. Such a case can be, for example, the state of Delaware in the USA, which is a popular seat of American companies.

Why do tax havens provide safe harbor for offshore companies? A number of states have a long tradition of providing their legal environment for offshore business purposes to foreign companies.

Do you have specific requirements that you expect from an offshore company? Contact us, we will advise you on the most suitable location.

There is even a special type of legal arrangement that these countries have set aside for offshore business purposes. This is a so-called international business company (IBC). An IBC is usually expected to carry out its business exclusively as an offshore business, i.e. outside the borders of the jurisdiction in which it is incorporated.

The home country where such an offshore company is registered thus receives international capital and in return provides the offshore company with a favorable tax regime and legal certainty.

Are offshore companies legal?

Each tax haven (jurisdiction) is always specific, and therefore the regime of taxation of company income and taxation of dividends may differ, but in general, the tax burden is significantly lower than in the Czech Republic. But is such an arrangement legal?

Yes, provided that you thoroughly know not only the legal order of the countries that your offshore business will concern, but also the practice of the authorities that will make decisions about your offshore company or structure. Different countries and regimes are suitable for each type of offshore business.

Tax havens, where offshore companies are most often established, count on this. Often they themselves make demands that the offshore companies established in them do not serve for illegal activities. They strive for a positive reputation in the international community.

Only an experienced registration agent who knows the issues of individual types of offshore business as well as local conditions in individual offshore jurisdictions can recommend the best solution for your offshore business. If you invest in a quality solution, you will be rewarded with the benefits of an offshore jurisdiction while simultaneously maintaining access to any market where you want to develop business activity.

For effective tax optimization, it is therefore necessary to create an adequate offshore structure, which will ensure the anonymity of the ownership structure of the offshore company (or the entire holding) and proper optimal functioning.

Anonymity is another essential benefit of offshore companies. Countries that specialize in offshore business often protect their companies’ sensitive information and rarely share this information in international tax information exchanges.

The result of establishing an offshore company or structure in these jurisdictions will be a significant reduction of the tax burden and a strengthening of the protection of your property and privacy.

Offshore company easily and quickly

An offshore company can be acquired in the form of a so-called ready-made offshore company. These are companies that are already established but do not show any activity. Ready-made offshore companies have no business history and are waiting to be transferred to a new owner. We are able to choose one of our ready-made offshore companies for you, which will be suitable for your business.

Do you have specific requirements regarding the offshore company you want to use in your business structure? Then we will be happy to set up a tailor-made offshore company for you. The advantage is the perfect adaptation to your requirements and needs.

We have a lot of experience in setting up and managing offshore companies, and therefore we are able to design the best structure according to your requirements exactly for you. Whether you are engaged in international trade, want to use an offshore company for a holding structure, or are interested in the benefits that an offshore company provides in the field of intellectual property, we will always have a suitable solution for you.

Jurisdictions in which we incorporate include Seychelles, Great Britain, Cyprus, Hong Kong and others. In total, we open offshore companies in 24 jurisdictions.

Advantages of setting up an offshore company

• Optimization of tax bases – by using offshore companies you can significantly save on taxes. In some jurisdictions you can get as low as zero tax.
• Anonymity – another advantage of an offshore company is the use of complete privacy and anonymity of ownership at a company in a tax haven.
• Protection of your property – real estate and movable property can be owned using an offshore company.
• Improving your image – by using a foreign company, you will improve your image in the eyes of your business partners. An offshore company pays off even when doing business with international business partners.

In which country will we set up an offshore company for you?

Seychelles – a highly popular place to set up offshore companies. Company formation can be completed within 48 hours. The cost of setting up an offshore company in the Seychelles is only 850 EUR. There is no unnecessary administration and of course zero taxes. More information about this jurisdiction – here.

Estonia – the main advantage of an offshore company in this country is access to EU markets thanks to the country’s membership in the EU. In addition, Estonia has concluded a large number of double taxation treaties. Corporate Tax is 0 % if you use the profit for company development.

The destination is also popular thanks to the low level of bureaucracy and the possibility of electronic communication with the authorities. More information about offshore jurisdiction – here.

Do you have specific requirements that you expect the offshore company to fulfill? Contact us, we will advise you on the most suitable jurisdiction.

Price of offshore companies

We have been a registration agent since 1996. Parker & Hill’s advantages include experience, long-term presence on the market and, above all, final prices. The prices of offshore companies that can be found on the website are final and you will not be charged any additional fees for the given service. Sample prices of offshore companies in some destinations:

• Company in Belize: 750 EUR
• Company in Estonia 1100 EUR
• Company in Mauritius: 1800 EUR

The complete price list for offshore companies can be found here.

Thinking about setting up an offshore company? Do not hesitate to contact us. Our consultations are free and non-binding. We will provide you with basic information and suggest offshore companies and structures suitable for you and your business. We will be happy to help you.