If you are interested in opening an Offshore company in US then we have very five simple step for you to start an Offshore Company.
1. The first step is to choose the way of registration. There are different ways of setting up an offshore company depending on the jurisdiction, but most jurisdictions have three major ways of registration:
To set up a company in US you need only one share, by law. So this option has no considerable disadvantages except for high price (around $2000).
2. Another way is setting up a foreign company under offshore jurisdiction, which you are not going to use in your country of incorporation, but only in the US. This option is possible in both cases when you need to register an offshore company for the first time or after re-registering it at another country. As far as offshore jurisdictions offer different types of companies, you can choose one that would be especially suitable for your business model. The cost of this type varies from $600 to $1500 depending on the jurisdiction and package chosen.
3. And finally, the cheapest way is setting up several shelf corporations in various jurisdictions with any name imaginable before making an international structure out of them by adding matrices etc., thus establishing interconnection between these corporations. This option also has advantages and disadvantages. One of the main advantages is that it’s sometimes easier to open a new shelf corporation as they don’t always require an office (especially those who are set up on some Pacific island), which can be hired at another jurisdiction for more convenience. Our company would show the address of such an offshore company, while you’d actually do all your business through some other local or international company and wouldn’t have any connections with this shelf corporation except for opening and closing your bank account there. Often, we use British Virgin Islands as a place of registration due to its very short incorporation period – just 3 days – and no need in pre-incorporation costs, which will give our clients even greater benefit.
One of the main disadvantages is that you mustn’t forget to use a different name for each shelf corporation, otherwise your business might be mistaken with that one which has the same name – this could really destroy your reputation and bring down your business. In addition, you’ll have to separate all accounts from those newly created companies to other existing ones as well as make sure you don’t mix up your transactions between them. That’s why it is extremely important not only to hire an experienced advisor but also read the contract thoroughly before signing it and paying money.
4. And finally, since we’re talking about shelf corporations, there are two types of them: “ready-made” and “shelf with matrices”. The first type is often set up on some country with low taxes for shelf corporations, which are not re-registered during the further process, but just kept ready for use. The second one is created using special software that allows to specify certain rules of interconnection between all possible corporate structures and later on register them as a single company. This way makes it easier to open an international structure and transfer money between different jurisdictions within that structure without breaking the law – what’s known as “international tax planning”.
Offshore bank account
5. To complete your registration you’ll need an offshore bank account as well as checking/corporate or savings accounts (they’re usually opened together). After your new offshore company passes through registration formalities, our managers will help you open a bank account.