Archive for the ‘Fine Life Blog’ Category

Registering an offshore company in the summer season.

Monday, November 22, 2010 @ 09:11 PM
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Now the summer season has arrived and most people around are on summer holidays, this is a perfect time for any business to start their incorporation of an offshore company and to open a offshore bank account.


Since the pressure on the authorities in the different offshore jurisdictions and the banks are not that much in the summer season, then it is a good time to start your offshore company formation and to open an offshore bank account, the turnaround time is less what it normally is, which means, you business case can be completed much faster.


Why should I go for an offshore company formation?
The reason to form a company offshore are many, investments, business or assets and privacy protections are only a few of the many benefits you gain from an offshore company. Many existing and new business have a Holding Company offshore while they have their day to day business onshore. The benefits to have such an offshore company structure are the major tax benefits, for instant, you don’t have to pay tax on dividends, you don’t pay any tax on net profits and your assets are protected by strict offshore corporate laws.


With an Offshore company formation your business will simply become more profitable and you can react faster on expansions, investments and new business opportunities. For new entrepreneurs an offshore company formation can have a major impact on their future the same for online businesses, since the offshore company is more agile in the way of operation and the flexibility to “borrow” money from the offshore company if needed let you pay less taxes.


When you enter into an Offshore Company Formation you will need to ensure that your agency also can open an offshore business bank account for your newly registered offshore company. Those bank accounts are often opened in the Seychelles, Panama, Cyprus and such offshore jurisdictions. The best offshore bank accounts you will get with Cyprus. The banks in Cyprus offer a state of the art Internet Banking platform in English where you are able to send International Wire Transfers, have the options to trade foreign currencies, and to open investments accounts. Beside this, you have access to your bank account 24/7/365 to check your account balance and incoming transfers. Finally most of the banks in Cyprus offer the client a Visa or MasterCard Debit- or Credit Card.

You will find many companies which are into the Offshore companies formation and which will tell you to incorporate in for instant an non offshore jurisdiction which is absolutely worthless or they will incorporate a offshore company in an jurisdiction like Gibraltar which isn’t an offshore jurisdiction any longer.

Offshore Company Formation


If you decided to become an offshore company and have a good amount of services to choose from in regards to the offshore banking services which you sooner or later will need then go for an Offshore Company which is incorporated in a real offshore jurisdiction. Once your offshore company is prober incorporated you will need to find out which offshore banking services you will have available for your offshore company.


Many offshore companies will need an offshore bank account which easily can be opened with the same incorporation services you used to incorporate your offshore company. Many offshore companies formation are done without to open the offshore bank account which is absolutely a big mistake, don’t be fooled into any offshore incorporation service which fail to open a bank account for your offshore company. It will make it much more expansive to get an offshore bank account later on.


Offshore Banking services you find with a wealth of opportunities and for any purpose. The think you will need to look at when you open an offshore bank account is simply if you get some advanced Internet Banking to access your offshore account and if you become an IBAN account number for your offshore bank account, furthermore it must be possible to become a debit card from Visa or MasterCard for this offshore bank account where you are able to withdraw money in any ATM worldwide.


Some Offshore Incorporation services will open so called Virtual Bank Accounts which are mainly sub accounts of their own and where they are still able to access your funds, don’t be fooled by this solution, it is not worth it.


By considering going for an offshore company you will need to figure out how to incorporate the company, should it be a shelf company and which offshore jurisdiction should you go for?


We have made it very easy for you know, most of the clients we talk with an a daily basis we ask to consider to incorporate their offshore company in Cyprus, we have a wealth of possibilities for Cyprus Offshore companies, starting from Offshore bank Accounts to Offshore Merchant Accounts to accept credit card payments, finally we can get you an Visa or MasterCard Debit or Credit card for your Offshore Bank account. Needless to tell you that you of course will become an real IBAN bank account number and Internet banking to send and receive International Wire transfers and to access your offshore bank account balance at any time.