Most business people have heard about offshore companies, but only a few are aware of what these companies are used for and how they differ from other more common corporate entities. Without a doubt, the offshore company has become one of the best and brilliant business tools in overseas investment and international trading.
Thanks to the vast benefits it brings, an offshore company is one of the top choices for import/export companies, international companies and multinational companies.
Offshore relates to managing, registering, conducting, or operating in a foreign country, often with financial, legal and tax benefits. An offshore company is incorporated for the purpose of operating outside the country of its registration and/or the place of residence of its directors, shareholders and beneficial owners with the typical financial, legal or tax benefits. However, most people associate the term ‘offshore company’ with a means of increasing tax efficiency.
Currently more than 60 countries offer tax exemption for offshore companies and non-resident companies. These countries include Belize, Hong Kong, the British Virgin Islands, Samoa, Cayman, Labuan, the Seychelles, and Anguilla. In our opinion, there are two countries that offer the best offshore company laws for business people based on privacy, protection of assets and tax optimization: Belize and the Seychelles.
| Information | Jurisdiction | Belize | Seychelles |
| General | Company Type | BC | IBC |
| Disclosure of Owner | X | X | |
| Double Tax Treaty (DTT) | X | X | |
| Requirements | Standard Register Capital (USD) | $50,000 | $1,000,000 |
| Government Fee (USD) | $100 | $100 | |
| Number of Director | 1 | 1 | |
| Number of Shareholder | 1 | 1 |
| Location | Belize | Seychelles |
| Standard Register Capital (USD) | $50,000 | $1,000,000 |
| Government Fee (USD) | $100 | $100 |
| Cekindo Fee- First Year | $1,100 | $1,100 |
| Cekindo Fee- Next Year | $500 | $900 |
