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What is an offshore company? 

 
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Offshore companies, or in other words non-residential companies, are a global trend in business circles. The goal of every entrepreneur is to register the company in a country that ensures optimal possibilities of worldwide trade with minimal control and taxes.

World-famed corporations prove that formation of non-residential firms is the need of the time and of modern business, with the aim to protect the accumulated capital. Along that line, it is the offshore companies that proved to be not an expense, but a truly good investment.

What is an offshore company?

An offshore company, or a non-residential company is simply said a legal entity, registered according to the rules of a particular country, which performs its business outside the country in which it is registered. If the company does not operate within the country where it is registered, it is exempt from taxes, or the taxes are minimal (depending on the country).

Note: You can register a non-residential company only in the countries that offer such a possibility.

When and How:

Every entrepreneur, creating and enlarging his/her business, knows when it is a good moment to include a non-residential mode of operation within his/her business, mainly for the following reasons:

  • presentation of goods and services in the foreign market
  • easy business with foreign partners with respect to foreign trade
  • non-residential company as a partner in foreign investment
  • accumulation of capital
  • the possibility of performing intermediary services
  • easy use of a non-resident bank account
  • "safe" assets in a foreign bank in a "safe" currency
  • you are free to decide on all your business undertakings, your future jobs, the realization of these and the system of financial closure of the contracted jobs
  • because of the business image
  • because of protection of assets (possession of a yacht, real estate and the like) and a number of other either private or business reasons.

A non-residential company is a common thing in the world of business and thus is inevitable for the functioning and integration of business plans. Therefore, entrepreneurs base their business on at least one non-residential company.

The result is:

  • more time for concentrating on new business undertakings
  • more profit and less bureaucratic pressure
  • an easy access to the assets in the bank account
  • quality and solvent banks
  • lower business expenses
  • higher satisfaction caused by a simpler managing style from anywhere in the world
  • equality in the world market of capital
  • protection of data and privacy
  • fast and good quality service


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Excellent Consultants Ltd.

DISCLAIMERS: This web site is provided for information purposes only and are not and should not be constructed as legal advice. If you wish legal advice about how offshore company may apply to your specific situation, you should contact your attorney.We are not a law firm, and we do not give legal,tax or financial advice.