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Cyprus LTD |
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 £ 1250.00 | Annual Maintenance Fee £456.00 | | |
 This is our most popular package with worldwide customers, and includes: -
 The registration your private limited company in Cyprus from scratch using our registered agent & registered office address, and appoint your own candidates to the roles of director, secretary, and shareholder;
The standard capital on formation is €1,000 divided into 1,000 shares valued at no par value or €1.00 each (it is not required to have all of the shares issued, but a minimum of one share must be issued);
The government and initiation fees for incorporation are included in the price of this package;
The search for limited company name availability, conformation, and reservation, which usually takes as little as five to seven days;
The preparation and submission of the memorandum and articles of association of your company (in English & Greek languages);
A local registered office address in Nicossia (which is statutory requirement in Cyprus) for 12 months is included in the price of this package (our registered office address service is charged annually);
The formation of a private company limited by shares usually takes as little as fifteen to twenty days from the time that your application and payment are received by Coddan;
To receive an original of the certificate of incorporation from the companies registrar usually takes as little as one to two days from the time of incorporation.
The following hard bound copy legalised with an official apostille of corporate documents, will be posted to you upon formation of your company: - The original xertificate of incorporation (both in English & Greek);
A bound copy of the memorandum and articles of association of your company (both in English & Greek);
The minutes of the first meeting of the board of directors (both in English & Greek);
A completed register of directors and shareholders (both in English & Greek);
Share certificates;
Company seal.
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Hong Kong LTD |
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| £ 660.00 | Annual Maintenance Fee £500.00 | | |
This is our most popular package with worldwide customers, and includes: - The registration of your private company limited by shares from scratch using our own registered office address, our local nominee secretary, and appoint your own candidates to the roles of directors, and shareholder;
The standard capital on formation is HK$10,000, this is divided into 10,000 ordinary shares valued at HK$1.00 each (it is not required to have all of the shares issued, but a minimum of one share must be issued);
The formation of a private limited company usually takes as little as seven to ten business days from the time that your application and payment are received by Coddan;
The government fee for incorporation is included in the price of this package;
The provision of a registered office address in Hong Kong for 12 months is also included in the price of this package (our registered office address service is charged annually);
The provision of a nominee secretary for 12 months as well is included in the price of this package (our nominee secretary service is charged annually);
The following hard bound copy of corporate documents, will be posted to you upon formation of your company: - An original of the certificate of incorporation of your company (in English & Chinese);
Six hard bound copies of the memorandum and articles of association (both in English & Chinese);
A hard bound copy of the minutes of the first meeting of directors (in English only);
Share certificates, and your company register of directors, secretary and shareholders (in English only);
One rubber stamp & one plier seal of your company are moreover included into the price of this package.
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Panamanian Corporation |
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| £ 650.00 | Annual Maintenance Fee £370.00 | | |
This is our most popular package with international customers, and includes: - The search for corporate name availability, confirmation, and reservation;
The payment of initiation fees and government fee for incorporation are included in the price of this package;
 The provision of a registered agent and registered office address in Panama for 12 months are also included in the price of this package (our registered agent and provision of a registered office address service are charged annually);
The registration of your corporation from scratch using our own registered agent and registered office address, and appoint your own candidates to the role of directors and shareholders;
The preparation and filing of the by-laws (company's constitution) and articles of incorporation of your corporation;
The standard capital on formation is US$10,000, this is divided into 10,000 ordinary shares valued at US$1.00 each (it is not required to have all of the shares issued, but a minimum of one share must be issued). Contributions may include any type of asset - cash, property, services rendered, or a promissory note or other obligation;
The formation of a corporation usually takes as little as three to five working days from the time that your application and payment are received by Coddan;
To receive a recorded copy of the articles of incorporation and by-laws usually takes as little as one to two days from the time of incorporation;
The following documents will be posted to you upon formation of your corporation: - The original articles of incorporation (in English & Spanish);
A bound copy of the by-laws of your corporation (in English only);
The minutes of the first meeting of the board of directors (in English only);
A completed register of directors and shareholders (in English only);
Share certificates.
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(click here for other packages)
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| 1. An IBC is completely private.
2. An IBC is TAX EXEMPT on all income earned worldwide.
3. An IBC DOES NOT file an Annual Return.
4. An IBC's Corporate Records may be kept anywhere.
5. An IBC's Annual Meetings may be held anywhere in the world.
6. An IBC's Board of Directors Meetings may be held anywhere in the world.
7. The same person may act as the Shareholder, Board of Directors, President, and Agent or as any other Officer within the Company.
8. The Founder may appoint Officers and Directors for the IBC, but only the Founder will know their identities.
9. An IBC's Shareholders remain Confidential through the use of Bearer Shares.
10. A Director can be of any nationality.
 +44 (0) 207.060.0382
+44 (0) 800.081.1510
 info@uk-ltd-formation.co.uk |
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 What is Offshore IBC and What Do Your Clients Use Their Offshore IBC For?
Offshore IBC stands for International Business Company, which can only trade outside the country of incorporation or with the same offshore IBC in the country of incorporation. The majority of our clients are individuals, but we also provide services to corporate clients. The clients use the offshore IBC company for international trading and investment; for ownership of real property and land; for ownership of intellectual property, licensing and franchising; for the employment of staff working on overseas assignments; for personal service by individuals working overseas for more efficient tax planning; for more efficient inter-group treasury management; for assets protection and offshore e-business. The use of the offshore IBC company can only be limited by imagination.
- Is it Illegal to Own an IBC?
Absolutely not. Some governments give the impression that they are frowned upon because they fear that they could lose taxes earned by such companies, but there is nothing illegal about an IBC. If your country requires payment of taxes on income earned overseas and you do not pay these taxes, this is called tax evasion and could carry a heavy penalty in your own country. The wealthy have used these vehicles for many years. It is only since common people have begun to use them that they seemed to be frowned upon. You cannot get into trouble with the authorities in your country for just owning an IBC. Your problems only begin if you choose not to pay your taxes and observe the reporting requirements of your country.
- How Long Does it Take to Set Up an Offshore IBC?
Once we have received the payment and all the required information from our clients we dispatch the documents by courier post (FedEx or DHL): from Seychelles, BVI and Belize in three-five working days; from Panama, Hong Kong, Gibraltar in eight working days; from USA, New Zealand, Bahamas, Cyprus in eight working days.
- What Name Should I Give to My IBC?
You can choose any name you wish. We simply check out its availability and inform you. Some people use the names of birds, flowers, plants, place names etc. You can create a name out of thin air if you choose. In general, you should choose a name that can be easily remembered, if it is to be used in a business whose name clients will need to remember. It is sometimes a good idea to choose a name that starts with a letter that is high in the alphabet. Each name must carry a suffix such as "Limited", "Ltd.", "Incorporated", "Inc ", "S.A.", "GmBH", "AG" "Corporation" or "Corp. "
- What Proof of Identity Must Clients Provide You With in Order to Start the Offshore Incorporation or to Buy an Offshore Company (Shelf IBC)?
To establish the identity, a client must provide a clear copy (by means of fax or e-mail) of one of the following documents containing a photograph: current drivers' license or social security card or current valid passport or current valid National ID Card. The document containing the information regarding your identity will be kept in strict confidence. Just to gain peace of mind, it is useful to know that BVI and most of the other jurisdictions have not got an open Register of Directors or Shareholders and in all jurisdictions confidentiality can be kept by using nominees.
- Do I Have to Fill in Any Complicated Forms?
There are no complicated forms for you to fill in. We offer a professional offshore service to our clients which ensures that we do the work of incorporation and recording initial changes to the structure of the company. This ensures speed and accuracy and compliance with corporate law.
- Who Will Form the IBC For Me?
The IBC documents are usually prepared and registered by a licensed professional called "A Registered Agent". Such an agent is usually an attorney, or a person trained as one, an accountant or a professional who is of high character and with the knowledge and ability to conduct this business. The office of the Registered Agent is called "The Registered Office". This will be the local address of your IBC in the jurisdiction that you choose.
- Are Your Offshore Services Confidential?
We will not disclose any information concerning our clients without their prior written consent. However, we reserve the right to treat this obligation of confidentiality as not being applicable when a court order from the jurisdiction is made to disclose such information or if it is not in compliance with the laws of the countries.
- Can You Recommend the Best Offshore Jurisdiction for Incorporation?
We incorporate companies in the Caribbean , in Central America in Europe and in the Indian Ocean. We also offer LLC's, LLP's in the USA and Limited Companies and Limited Liability Partnerships (LLP) in the UK, Scotland and Northern Ireland. In our opinion, the offshore jurisdictions which we offer in the Caribbean, Central America, Europe and Indian Ocean make sense because they have the best legislation and opportunities for the offshore sector at present.
- Will My Offshore IBC Have to Keep Financial Records at The Registered Office?
There is no legal requirement to keep the financial records of the offshore IBC company with your registered agent. You can keep offshore IBC records anywhere you wish.
- Will My Offshore IBC Have to Prepare and File Audited Accounts?
There is no legal requirement to file the accounts of IBC's or have an annual audit in the jurisdictions which we offer (BVI, Belize, Bahamas, Panama and Seychelles).
Cyprus, Hong Kong, New Zealand and Gibraltar non-resident companies have to file annual accounts with the Registry. Small companies file an abridged balance sheet and it does not require an audit. A small company must satisfy at least (2) of the following conditions: Net turnover must not exceed £4.8 million. Balance sheet total must not exceed £2.4 million. The average number of employees must not exceed 50 persons in a year and an auditor's report (the profit and loss account may be abridged i.e. limited in detail).
A medium sized company must satisfy at least two of the following conditions: Net turnover must not exceed £19.2 million. Balance sheet total must not exceed £9.6 million. The average number of employees must not exceed 250 persons in the year.
A large company must file profit and loss statements, balance sheet and an auditors report. These accounts do not relate to taxation as all Gibraltar non-resident companies are tax exempt.
- Is it possible to transfer the offshore IBC you registered to another offshore jurisdiction and redomicile from another jurisdiction to BVI or Seychelles?
Of course, you can do it without any problems. BVI and Seychelles allow transfers of offshore IBC in and out of the country. However, if you want to redomicile your offshore IBC from another jurisdiction we recommend continuing this company in BVI. We can arrange it for you.
- What Can You Say About the American Offshore Companies Offered on the Market?
There are no offshore companies in the USA. Companies offered on the market with the endings Corp., Corporation, Inc., Incorporation are not offshore companies whether they conduct business in or outside the US or have accounts in or outside the states. Only the legal entities known as limited liability companies (LLC's), which are properly structured, and incorporated by foreigners and conduct their business activities outside the US, can be considered as tax exempt in the US.
- What is the Asset Protection?
It is a transfer of the ownership from an individual to a legal entity, like offshore IBC company. That way you are no longer the owner of your assets and it is more difficult to be successful in suing you. But you are still in control of that company.
- Can a Person Residing in His Home Country Use the Offshore Facilities?
There is nothing there to stop you to get involved with offshore facilities.
- Is It Illegal to Transfer the Funds and Assets Into the Offshore Jurisdiction?
There is nothing illegal about transferring your assets/funds offshore. No law prohibits that. It is your right to minimise your tax bills to IRS/IR .You might be breaking the law by not disclosing the information to the tax authorities. But there are different methods of reducing your tax liabilities by introducing an offshore entity into your business structure.
- There Any Recommended Threshold of Money When You Should Consider Going Offshore?
No. It is not a question of when to start dealing through offshore, but how much money you can save if you do go ahead with it.
- What is a Nominee in Context of Offshore IBC?
A nominee is a person who is nominated to fill the position, but who is not the real owner or director of the offshore IBC. In the offshore context it is used to preserve the identity of the real owners of the business (shareholders or directors). By using the power of attorney, the nominee director transfers all the powers to manage the business to a person whom the real owner can trust.
- Is There Any Currency Risk Involved in Keeping the Money in the Offshore IBC Company?
No. You can keep your assets in the currency of your choice. There is no exchange control for offshore companies in Seychelles, BVI, Gibraltar, Belize, Bahamas, Hong Kong, Cyprus or Panama.
- If I Move My Assets Offshore (To Offshore IBC) Would it Alert the IRS/IR?
Moving assets to offshore IBC is not illegal and does not attract special attention of the IRS/IR, if your activities are legal.
- Is Doing Business Through Offshore IBC One of The Best Methods to Reduce Taxes For Individuals/Companies?
By operating your business through an offshore structure (offshore IBC) the company can defer profits almost indefinitely by using management contracts, insurance, loans, re-invoicing (more appropriate for international trading activities), factoring your debts, etc. For individuals the use of offshore facilities would reduce income tax, capital gain tax, inheritance tax, etc. You can defer taxes as well as protecting your assets from possible litigations.
If you have any questions about our products, this web site or should you require any further assistance or advice on the process, please contact us using e-mail at: info@uk-ltd-formation.co.uk.
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