UK Company formations

A few of the benefits of an offshore company include low tax, location of your business, confidentiality, minimal accounting, auditing, property ownership, asset and lawsuit protection 

Low Tax

One of the main benefits, and possibly the most talked about one is tax!

All business owners are always looking for ways to reduce their taxes as this area of a business can become the biggest burdens. Generally offshore companies are tax exempt or pay little tax in the country of incorporation. For example, many beneficial owners use offshore companies as holding companies, to receive dividends.

Companies can also benefit from importing or exporting within an offshore location. An example of this includes, receiving orders directly from the customer and the purchased goods being sent from the manufacturer. This would enable the profit from the trade to be either tax free or low tax. When choosing the right location be aware of the tax and choose a location with good shipping facilities.

Many of these countries appeal to shareholders/ directors due to their low administration costs - We work hard to keep all costs reasonable and extremely competitive. This allows our clients to concentrate on the more important aspects of their business.

Location of your company / business

If you are a small company and your trading premises are not the most ideal location, incorporating offshore could be your answer. Having an overseas / Offshore Company gives the impression that your business is located overseas, having a registered office that is worth shouting about.

If you are not sure where you should form your Offshore Company, you are able to seek business / tax advice and they should be able to assist you with making the best decision.

When you are aware of the location, we can assist you with forming your Offshore Company.

Company Confidentiality

Some Offshore jurisdictions do not disclose the Company Directors and Shareholders on public records, therefore keeping the identity of the officers confidential. Some examples of these jurisdictions are Seychelles and Belize. Clients have a number of reasons for keeping the directors and shareholders identity confidential. A client has recently requested to keep their details confidential from their competitors so that the competitor couldn’t see that they had setup an Offshore Company. This has helped them a great deal with moving their business forward.

Another way to keep the identity of your offshore company confidential would be to use nominee Directors, Shareholder and Secretaries. This will then show the nominees details and not your own

Keeping Accountancy and paper work to a minimum

Ongoing yearly accounting and auditing is kept to a minimum as with some jurisdictions they do not require an audited financial report / accounts.  Keeping your time precious and enabling you to focus on your company.

Offshore Companies owning property

Advantages for offshore property ownership include avoidance of many taxes, including inheritance tax, income tax, capital gains tax and much more.  We recommend that legal advice is always undertaken before committing to any property ownership.

Here are some of the other benefits:

Seeking asset protection – Due to the laws in offshore locations, offshore companies are often used to hold assets due to the level of protection they hold.

Lawsuit protection – Due to the level of protection this offers, offshore company formations become more attractive due to the level of security and privacy.

There are many reasons why offshore banking could be beneficial to your business. Security and privacy are especially important so you can feel secure knowing that your money is safe and protected.

Offshore banking is using a bank or financial institution that is outside of your residential jurisdiction.

There are many benefits of Offshore Banking, including securing/protecting your capital, enjoying the highest service levels, potentially save tax on deposits and savings.

We explain below the main benefits of opening an offshore bank account 

1. Privacy/Security

Privacy is now one of the most important reasons people look to bank offshore as the account is strictly private. The operations conducted through the account are protected by the legalisation of the country where the bank is located and you can feel secure that your money is safe.

2. Convenience

Offshore banks are simple and convenient to open and operate. They allow one central location for all your banking requirements. When opening an offshore account they usually provide a Visa debit card in GBP, USD, AUD or EUR

Having the ability to save in the currency in which you are removes the risk of losing out on exchange rate fluctuations. Many traditional banks charge high fees for currency transfers and may even charge commission fees. Offshore bank accounts can help you get the most from your money.

3. Level Of Service

The level of service provided by offshore banks is usually higher than that of a more traditional bank. They offer a more personal service, with 24 hour access to your money, 365 days a week by telephone or online. Offshore Banks are assessable any time day or night and from almost anywhere in the world. Offshore banks have removed the need to be in the same country to where your bank is located.

You are usually assigned a banking account manager who will be your direct point of contact, which will make the process more personnal as they have the full knowledge of your account.

4. Competitive Exchange Rates

Being able to locate all your banking in one place regardless of the currency is a real benefit for many clients who have multi-currency businesses. Allowing you to transfer money between accounts quickly, easily and usually free of charge. Offshore banks provide a competitive exchange rate compared to regular banking services.  Making multi-currency payments all from the same account is perfect for clients who have international financial obligations.

5. International Experts

Offshore banking can give more flexibility for lending and credit facilities.

A great benefit of offshore banking is the knowledge that can be gained from speaking to the banks international experts. They can discuss how you will get the best from your multi-currency account.

If any of the above benefits apply to you the Offshore banking is definitely worth considering, feel free to contact our office for an informal chat about our offshore banking options. 

On a yearly basis, most Offshore Companies should be renewed with the Authorities. This ensures that the company is kept in Good Standing. Failure to renew your company could incur filing penalties, and the company will be removed from the Register of Companies.

We try to make things as simple as possible for our clients, however if you do have any queries please see our Frequently Asked Questions below:

1. How do I know when my Company is due for renewal? 

Although it is the Director of the Companies responsibility to ensure that the Company is kept in Good Standing, we do send regular reminders to ensure that you are made aware that your Company is due for renewal.

The reminders are sent weeks before the Company is due, giving you plenty of time to make any necessary arrangements.

The easiest way to remember the renewal date for most locations is the date of Incorporation. With most locations, the renewal date is the same day of the same month each year. 

2. How do I pay my Company Renewal? 

Each locations renewal fees can be paid on our website. Once we have received your payment, we will take care of the rest and arrange for the necessary filings to be made.

We are required to obtain some documents for a few locations, however this is all explained on our useful reminder emails.

3. What happens if I don't pay the renewal in time? 

If the renewal payment is not made in time, then penalties will occur. When you are ready to pay the renewal, please contact us. We can then look into the costs involved.

With some locations, the Registered Agent may resign from the Company if the renewal fees are not paid, which will mean that the Company is no longer in Good Standing and will result in eventual strike off. 

4. I no longer require my Offshore Company - Do I need to pay my renewal fee? 

You certainly don’t need to pay the renewal fees if you do not require the Company anymore.

Please inform us if this is the case, as you may need to pay a small fee to strike the Company off, as with some locations you are not able to leave a Company to be automatically Struck Off the register.

Setting up your offshore company may seem like a daunting process, but it’s actually far more straightforward than people think by following some easy steps and using a reputable formation agent. 

1. Choose Your Offshore Company Location

There will already be a reason why you are considering moving your business offshore. Political and economic stability may be an important aspect for you as this will be good for your business moving forward. An offshore jurisdiction that has a good reputation will also be more favorable when opening a bank account. There are of course far more aspects that you will be considering including tax benefits, minimum reporting and administration requirements plus the ability to run your business remotely.

Our offshore specialists can support you with choosing the right jurisdiction.

2. Pick Your Company Name

The company name will usually have a connection to your business activities or officers within your company, therefore you probably already have suggestions to the name you would like. There are certain words that will not be allowed in your company name for lots of reasons, such as being classed as sensitive. Some words may also be considered misleading, contentious or politically offensive.

If you are planning on using an abbreviation or initials an explanation on the abbreviation will also be required.

We can check up to three company names at a time and can help with suggestions, if your favoured name does not get approved.

As part of the name you’ll also need to include a suffix at the end of the company name i.e. Limited or IBC. On each of our offshore pages we have information about the suffix that is available in that jurisdiction

3. Contact our team

Your company details will be required at this point, including:

Company director and shareholder details. Each jurisdiction will have its own officer requirements, but a director and a shareholder are always required. You can appoint an individual and / or a corporate appointment.

A nominee / professional director and shareholder can be appointed and can offer an extra layer of confidentiality. If required, you may also appoint a company secretary.

Company shares –  you will be made aware of the minimum authorized share requirements within the company. Should your business needs require, you can choose to increase the number of shares and also allocate the shares to your shareholders.

Business activities will be detailed on the order form along with the potential trading countries.

4. Submit Due Diligence Documents

When forming any company offshore you will always be required to provide due diligence documents for the officers within the company. The usual due diligence requirements are:

A certified copy of your passport or driver’s license.

A certified copy of a document proving your residential address which is dated within the last three months.

5. Make Your Payment

Once payment has been made for your company the actual formation can be completed as quickly as 24 hours. During this time your dedicated accounts manager will be carefully checking all the information you have provided, checking the company names with the relevant authority and completing incorporation documents.

We are on hand to offer support every step of the way. 

Choosing the right Offshore Jurisdiction can be a daunting task.  There are so many locations out there, each with their own benefits and advantages to suit you and your business needs.

Which is why it is crucial to invest time into researching the best Jurisdiction that will benefit you.

If confidentiality and privacy is what you are looking for with a simple set up, then Seychelles, BVI or Belize could be right for you.

Documents such as a passport and domicile proof is necessary for company incorporation in Seychelles & BVI, where as additional documents may be required in other Jurisdictions.

If asset protection is important, then maybe Cyprus could be what you are looking for.

If low taxation, easy banking and a cheap and fast company set up is what you are looking for then again Seychelles, BVI or Belize could be perfect for you.

For shipping registration, gambling licences or crypto currency licences look no further than Malta.

Best Country for Tax benefits - Seychelles

We offer Seychelles IBC, this is without a doubt one of our most popular offshore jurisdictions.  With confidentiality being one of the Seychelles main advantages.  The Shareholder and director are not part of the public register and are therefore kept out of the public eye.  The tax free haven is also a reason why Seychelles is a highly popular jurisdiction to form your company in. It is suitable for multi purposes with the ease, speed and simplicity of the incorporation, requesting minimal officers is also of great advantage too.

Easy, speedy set up with confidentiality - Belize

Another example of an easy, speedy jurisdiction to incorporate is a Belize LLC, where the confidentiality rule again applies.  A Belize company is often set up for businesses owning real estate property and land.  With no accounting requirements and no tax return or filing, requested in Belize, people often comment on the ease and simplicity of running their business here.  Belize also has minimal yearly requirements, making it a cheap company to run. There is also no initial capital requirements.

One of the oldest best offshore financial centres – BVI

BVI also known as the British Virgin Isle is one of the oldest and most respected offshore financial centres in the world.  Offering tax exemption from all local taxes and stamp duty.  Minimal yearly requirements are requested, with no financial information or reporting shown on public records. So highly confidential. The simplicity of the minimal officer requirements is a real advantage for companies in the BVI. Banking is a lot easier due to the requirements for filing companies seriously, additional forms are required which makes banks feel secure with this Jurisdiction.

Best EU countries for holding, trading and Intermediary business - Cyprus

Cyprus is proving itself to be one of the most popular jurisdictions for holding, trading and intermediary companies to conduct international business. Cyprus adheres to the EU rules and regulations and has one of the lowest corporation taxes in the EU.  The popular LLC companies are also known for their ease with setting up company incorporations. Cyprus has quickly become a reliable, legitimate jurisdiction with some of the lowest tax rates in the EU. It is an ideal destination for many foreign investors.

Best country for major international financial structure - Hong Kong

Hong Kong has been looked on as a positive taxable jurisdiction.  With the right structure and management, companies can be used for international trade without paying tax in Hong Kong.  This would be on the understanding that no income is sourced in Hong Kong. 

Hong Kong not only has a gateway to China but will benefit from the abscence in Hong Kong of capital gains tax and also witholding tax on earnings remitted overseas.

Hong Kong is a major international financial centre and is becoming an increasingly popular place to incorporate companies, for international business purposes.

The Summary

With such a diverse range of offshore company jurisdictions, it is bound to be difficult to choose the right jurisdiction for you.  Setting up your company requires, thought, information processing and attention to detail to ensure that you choose the right country for you.  Take into consideration all advantages and disadvantages for each of the jurisdictions.  

Public or Private Limited Companies in UK

United Kingdom LLP

- Passport of each shareholder/beneficial owner and director.

- Proof of residential address of each director and shareholder (Must be in English or certified translation version).

- The proposed 3 company names with ending suffix "LIMITED" or "LTD"

- Provide your capital structure with any currency

UK Company Formation

Ideal for offshore company registration in the UK:

• Investment and Holding Company
• Intellectual property
• Software and IT Services
• Life Sciences
• General Trading with EU

Malta Private Limited Liability Company

A strategic geographical location, ideally placed to approach both the European and North African markets

A well-established economic environment, highly credited for its growing strength in financial services

A strong legal system which is in line with EU regulations

Favorable double taxation treaty network with over 70 countries in the world

Hong Kong (HK) offshore company formation

Ideals for Malta company incorporation:

• Shipping and yachting
• E-commerce
• International Trading
• International Investments

Dutch Limited Liability Company (Dutch BV)

One of the most open economies in the world with an outstanding infrastructure

Tax system features several tax incentives to stimulate innovation and business activities

Sophisticated and internationally orientated service industry

The greatest number of treaties for double tax avoidance worldwide

Stable legislation and politics, coupled with excellent international relations.

Ideals for Dutch company registration:

• Boats and Yacht Registration
• Information and Communications Technology
• Life Sciences & Health.
• Import/Export Products

Liechtenstein AG (Limited by shares)

Anstalt Company (Establishment without shares)

- Liechtenstein has one of the lowest tax rates in the EU

- World-class infrastructure, business-friendly legal and regulatory environment

- Low value added tax (VAT) compared to many European Union (EU) countries

- Business-friendly environment which encourages innovation

- Access to an extensive network of double tax treaties allowing for tax efficient structuring of investments

Ideals for Liechtenstein company incorporation:

• Asset Management Company
• Intellectual Property Box (IP- Box) Funds
• Yachting
• Holding Companies

Luxembourg Private Limited Company (SARL)

Luxembourg Soparfi

- Sophisticated and internationally orientated service industry

- Tax system features several tax incentives to stimulate innovation and business activities

- The greatest number of treaties for double tax avoidance worldwide

- Stable legislation and politics, coupled with excellent international relations

- One of the most significant financial and business centres

Ideal for Luxembourg company registration:

• Shipping
• Finance Corporations
• Import/Export Products
• Holding Company

Swiss Limited Liability Company (GmbH)

Swiss AG

- Being a very efficient asset protection tool.

- Exemption or reduction of income tax on Dividends from “qualifying participations” , Exemption or reduction of corporation taxes on Capital gains arising on the sale of “qualifying participations”. Deductibility of accrued and paid external and intra-group borrowing costs.

- Exemption from Witholding Taxes under certain double tax treaties and of EU shareholders holding in excess of 25% the share capital if held for at least 2 years .

- Low income taxes on ancillary activities.

- Foreigners may own 100% of all the shares

Ideal for Swiss company registration:

• Intellectual Property/Licensing
• Holding Companies
• E-commerce
• Wealth Management
• Finance Corporations

Cyprus Private Limited Company

A highly developed business services infrastructure

Excellent reputation, stable government and special status within the EU

The ability to conduct business in a quality low-tax jurisdiction

Well-developed and sophisticated banking system

Non-resident companies are not subject to the local corporate tax

Cyprus offshore company formation

Ideal for Cyprus company registration:

• Wealth Management
• Holding Company
• International Trading
• Property Ownership

Gibraltar Private Limited by Shares

- A highly developed business services infrastructure

- Excellent reputation, stable government and special status within the EU

- Well-developed and sophisticated account system.

Ideals for Gibraltar company registration:

• Shipping Registry
• International Trade
• International Investments

The key features of a Sweden Offshore Company Formation are:

Sweden is ranked as the 14th best country in the world for conducting business

The company requires a minimum of one board member and one deputy.  One of the board members must reside in Sweden. We can assist you with this please ask about our Nominee services.

A Sweden Company Registration requires a minimum of one Shareholder. This person can be a physics person or a legal person, can be of any nationality and can reside anywhere in the world.

Owner's liability is limited to their assets of the company

Require a Minimum Share Capital of 25,000SEK

A visit to Sweden is not required to proceed with a Sweden Company Formation, everything can be processed remotely

Sweden is a Scandinavian country in Northern Europe. It borders Norway, Finland and is connected to Denmark by a bridge-tunnel across the Öresund. Sweden is the third-largest country in the European Union.

The key features of a Spain Company Formation are:

Spain is the 9th largest economy in the world

Shareholders can have anonymity

Transferring shares are often recorded in house only, so the ownership of the company can be confidential

Profits coming from foreign subsidiaries are untaxed

The company only needs one Director and one Shareholder which can be the same person

The Director must be an individual person

Spain is located on the Iberian Peninsula in southwestern Europe. Its mainland is bordered to the south and east by the Mediterranean Sea except for a small land boundary with Gibraltar, to the north and northeast by France, Andorra, and the Bay of Biscay, and to the west and northwest by Portugal and the Atlantic Ocean. Along with France and Morocco, it is one of only three countries to have both Atlantic and Mediterranean coastlines.

The two most popular forms of company to incorporate in Spain are Public Limited Company (S.A.) and Private Limited Company (S.L.). Incorporating a company in Spain is a more complex process than in many other European countries, and our friendly customer service team will ensure that your formation is as easy / simple as possible.

The key features of a Romania Company Formation are:

A Company Registration in Romania is ideal for those entrepreneurs who want to reduce their tax expenses

A Romanian Incorporation is uncomplicated and quick to complete

Minimum of 1 Director – can be any nationality and can reside anywhere in the world

Minimum of 1 Shareholder

Romania is located in Southeastern-Central Europe, bordering the Black Sea, between Bulgaria and Ukraine. It also borders Hungary, Serbia, and Moldova. It is the seventh most populous member of the European Union. Its capital and largest city, Bucharest, the sixth largest city in the EU.

Romania is one of Europe's most promising locations for investors wishing to set up a new company. The most common type of company in Romania is a Limited Liability Company – Societate cu Raspundere Limitata (SRL). This type of business can easily be set up in Romania. This type of company is a legal entity that is separate from the individuals who run it.

The Company type is a ‘micro-company’:

The company has a yearly income of less than 500,000 EUR;

Has at least 1 but not more than 9 employees;

Its yearly income from consultancy and/or management services is less than 20% (of its total income);

A person cannot hold more than 25% of the shares of more than 3 micro-companies.

The key features of an Isle of Man Company Formation are:

Minimum of 1 Director – can be any nationality and can reside anywhere in the world, can also be a corporate body

Minimum of 1 shareholder required

All companies no matter what their incorporation date, are due for renewal on the 31st December each year.

A visit to the Isle of Man is not required to form your company

The Isle of Man is a self-governing British Crown dependency located in the Irish Sea between the islands of Great Britain and Ireland. It is not and has never been part of the United Kingdom but is within the British Isles.

The Isle of Man is an established international business and finance centre, with a secure base built on political stability and low taxation.

The key features of an Ireland Company Formation are:

Low Corporation Tax Rates

Business can be conducted internationally

The shareholders liability is limited only to the amount of share capital contributed by them

The company name is protected - nobody else can use the name as a limited company name

The company seen as separate legal entity to those that own it

Minimum of 1 director, and 1 shareholder (these can be the same person) and 1 secretary.

At least 1 director must have EU residency

The Republic of Ireland has one of the lowest rates of corporation tax in the EU

A visit to Ireland is not required to form your Irish Company

The most common type of Ireland Company Formation is a Private Limited Company. The liability of this type of company is limited by its shares, with each shareholders liability being equal to the amount they have invested within the company.

If you would like to set up a company in Northern Ireland, please view our UK Incorporations.

The key features of a German Company Formation are:

The company only needs one Director and one Shareholder

The Directors and Shareholders can be any nationality and can reside anywhere

The liability of shareholders is limited to their investment in the company

Germany has the largest economy in Europe

No licences are required to start a Company, unless your business activities include insurance, medicine etc.

Germany is an attractive jurisdiction for investors looking to form a company in Europe

Germany is in Western and Central Europe, with Denmark bordering to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, France and Luxembourg to the southwest, and Belgium and the Netherlands to the northwest. Germany is also bordered by Lake Constance, the third largest lake in Central Europe.

The most common type of German Company Formation is a Gesellschaftmitbeschränkter Haftung – GmbH-Private Limited Liability Company. This type of company can be incorporated in Germany by at least one investor with a minimum share capital of 25000 EUR. A GmbH Company is a legal entity that is separate from the individuals who run it.

Germany’s business sector is well known for its engineering, technical and automotive industries and it has a stable economy and well-developed financial market. Germany is an attractive jurisdiction for investors looking to form a company in Europe.

The key features of a Czech Republic Company Registration are:

Accept Crypto business activities

The company only needs one Director and one Shareholder and they can be the same person.

The Directors and Shareholders can be any nationality and can reside anywhere in the world.

Czech Republic Is a member of the EU

Being an EU member and part of many international trade agreements makes trade and export with other (NOT ONLY) European countries easy.

There are no local taxes on income in the Czech Republic.

Corporate appointments can be the Director of a company.

The key features of a Barcelona Company Formation are:

A visit to Barcelona is not required to form your company, everything will be done remotely

Shareholders can have anonymity

Transferring shares are often recorded in house only, so the ownership of the company can be confidential

Profits coming from foreign subsidiaries are untaxed

The company only needs one Director and one Shareholder which can be the same person

At least 1 Director must be an individual person

Barcelona is a city in Spain, it is Spain’s second most populated city with a population of 1.6 million. Barcelona is located on the northeast coast of the Iberian Peninsula, facing the Mediterranean Sea.

The two most popular forms of company to incorporate in Barcelona are Public Limited Company (S.A.) and Private Limited Company (S.L.). Incorporating a company in Barcelona is a more complex process than in many other European countries, however our friendly customer service team will ensure that your formation is as easy and simple as possible for you.

FreeZone Company Formation

Local Company Formation (LLC)

- Identity of shareholders is kept confidential by law

- 100% foreign ownership

- Registered business address in Dubai

- A politically stable place with rapidly-developing economy

- A tax free and business friendly environment

- No foreign exchange controls, quotas or trade barriers

Ideal for offshore company registration in Dubai, RAK, UAE:

• Advisory and Consulting Services
• Investments and Joint Investments Company
• Intellectual property
• International Trading

LLC Formation

Corporation Formation (C-Corp & S- Corp)

The United States of America (the USA) is known to many for being the leaders in many different fields, ranging from having the most technologically powerful economy to the largest consumer market.

Thus, is sought after by worldwide businesses but not many businesses are able to enter this lucrative market due to the complication of different regulations among different states of the USA; and the procedures to enter the US market.

Ideals for USA company formation - Your business is better

• International Trade
• Information Technology
• Smart Manufacturing/High Technology
• Logistics
• Tourism

Delaware Limited Liability Company (LLC)

Delaware Corporation Formation (C-Corp or S-Corp)

- The US corporation are amongst the most reputable company structures worldwide

- The franchise tax compares favourably compared to other states in the US

- Flexible in terms of capitalization, shareholders, directors and shares of the US company

- Do not require a principal place of business in Delaware, USA

- Have no residency requirement for directors, officers or shareholders for Delaware company, USA

Ideals for Delaware company registration:

• Technologies Companies
• International Tradings
• Estate Planning and Asset Protection
• E-commerce

The key features of a Nevada Company Formation are:

Nevada has no personal income tax

Stockholders, directors and officers are not required to reside or hold meetings in Nevada and are not required to be US citizens

Nevada has no state corporate income tax and imposes no fees on corporate shares

Low annual fees and minimal reporting/disclosure requirements

No corporate income tax

Officers and directors of a Nevada corporation can be protected from any personal liability for lawful acts of the corporation

A minimum of 1 director and 1 shareholder is required – they can be the same person

No minimum share capital requirement

Nevada is a state in the west of the United States. Nevada is the 7th biggest state of the USA.

Forming a company in Nevada offers Limited Liability, Privacy and Tax Benefits. Nevada is an attractive jurisdiction to form a company as sales tax applies only to products sold within Nevada and, unlike many other US states, there is no Corporate Income Tax, no Corporate Franchise Tax and no Corporation Succession Tax.

Nevada is becoming a popular place to form companies as they have low state tax, high privacy and confidentiality and their environment is corporation friendly.

The key features of a Marshall Islands  Company Formation are:

Exemption from all local taxes and stamp duty

Require a minimum of one Shareholder, one Director and one Secretary - they can be the same person

The director may be an individual or corporate body, of any nationality and located anywhere in the world

Minimum company share capital is 1USD

Maximum confidentiality and anonymity

A visit to Marshall Islands is not required to form your company

No requirement for filing of company financial accounts or audit

Competitively priced and inexpensive to administer 

Simple maintenance: no annual filings

All non-resident domestic companies are statutorily exempt from Marshall Islands taxes

The Share Capital can be expressed in any currency

A Marshall Islands company formation is a very flexible, tax free structure, with few restrictions on the business that the company can engage in. A Marshall Islands Company cannot trade within the Marshall Islands. They cannot undertake the business of banking, trust services, insurance, assurance or reinsurance.

Looking for privacy - the terms of the trust are not shown on public records

Asset protection – trusts allow individuals to protect assets, for example by putting a property in the trust the settler ensures he is no longer the owner of the property

Holding Vehicle - some business arrangements can benefit from using a trust as a holding vehicle for other companies or structures, for example using the Offshore Trust as the Director and Shareholder of an Offshore IBC (International Business Company)

Offshore Trusts do not have the same structure as a standard Offshore IBC. Trusts usually comprise of a Settlor, Trustee and Beneficiary.

The Settlor is usually the person who puts the assets into the trust. The settlor decides on how the assets in the trust should be used, this is usually set out in a document called the ‘trust deed’. Sometimes, the settlor can also benefit from the assets in the trust.

The Trustee is usually the person who manages the trust. The trustees are the legal owners of the assets which are held within the trust. Their role is to deal with the assets according to the settlor’s requirements, manage the trust on a day-to-day basis and pay any tax due, and they will also decide how to invest or use the trust’s assets.

The beneficiary is usually the person who benefits from the trust. The beneficiary may consist of a whole family or defined group of people. They may benefit from the income of the trust, for example, renting a house which is held in the trust, the capital only, for example getting shares held in the trust when the individual reaches a certain age.

There are a wide variety of reasons why people choose to setup a Trust. Trusts are beneficial for people who are looking at controlling and protecting their family assets. For example, you could own a property with the trust or you could setup the trust to pass on assets when you die (a ‘will trust’).

Some people choose to setup a Trust to protect themselves and ensure their details are kept private. The details within the trust are not displayed on public records, which ensures the beneficiaries have full confidentiality.

We are an experienced and reliable formation agent who can assist with the setup of an Offshore Trust. We pride ourselves on not only the speed in which we can setup but also the efficiency of the service we provide. All work carried out by our specialist team is completed with the utmost confidentiality and urgency.

Our Offshore Trust packages are unique, and can include an optional a Trustee service, along with the preparation of the Trust Deed. We will also provide fully completed documents for the Trust. 

Once you have placed an order you will have a dedicated business administrator who will deal with all the necessary requirements of the Trust on your behalf.