Offshore company "refers to an investor's company registered in an offshore jurisdiction, but the investor does not need to physically visit the local area, and its business operations can be conducted directly around the world. Many offshore jurisdictions are former British colonies, which largely preserve the British legal system and judicial system, such as the well-known Cayman Islands, British Virgin Islands (BVI), and so on.

Offshore jurisdictions often have good trade relations with developed countries around the world, so registering offshore companies has become a financial tool used by many large multinational corporations and individuals with high assets to act as transit trade and bank account receipts.

Compared to general limited companies, offshore companies have three major characteristics:

High confidentiality: Almost all offshore jurisdictions explicitly stipulate that the company's shareholder information, equity ratios, income status, etc. have the right to confidentiality. If shareholders do not wish to disclose them to the public.

Tax exemption: The offshore jurisdiction government only collects annual management fees from offshore companies, and no other taxes are levied.

No foreign exchange controls: Almost all major international banks recognize such companies, such as HSBC in Hong Kong, Development Bank of Singapore, CBiBank in the United States, etc. Offshore companies can open corporate offshore accounts with these banks to facilitate financial operations.

Offshore company "refers to an investor's company registered in an offshore jurisdiction, but the investor does not need to physically visit the local area, and its business operations can be conducted directly around the world. Many offshore jurisdictions are former British colonies, which largely preserve the British legal system and judicial system, such as the well-known Cayman Islands, British Virgin Islands (BVI), and so on.

Offshore jurisdictions often have good trade relations with developed countries around the world, so registering offshore companies has become a financial tool used by many large multinational corporations and individuals with high assets to act as transit trade and bank account receipts.

Compared to general limited companies, offshore companies have three major characteristics:

High confidentiality: Almost all offshore jurisdictions explicitly stipulate that the company's shareholder information, equity ratios, income status, etc. have the right to confidentiality. If shareholders do not wish to disclose them to the public.

Tax exemption: The offshore jurisdiction government only collects annual management fees from offshore companies, and no other taxes are levied.

No foreign exchange controls: Almost all major international banks recognize such companies, such as HSBC in Hong Kong, Development Bank of Singapore, CBiBank in the United States, etc. Offshore companies can open corporate offshore accounts with these banks to facilitate financial operations.

The Cayman Islands (Cayman) and the Virgin Islands (BVI) that we mentioned at the beginning are both famous offshore financial centers, offshore company registration places, and "tax havens". What is the specific process for registering offshore companies in these island countries? What registration documents are required and what are the most important requirements for opening an offshore bank account? Continuing on, taking the Virgin Islands (BVI) as an example, we will analyze the registration of offshore companies and opening offshore bank accounts in island countries from multiple dimensions.

Advantages of BVI offshore companies

No need to submit audit accounts;

Registering a company allows opening bank accounts around the world;

The BVI government protects the interests of shareholders and does not need to disclose the identity of beneficiaries;

The BVI government provides privacy protection for all businesses and ensures absolute confidentiality of director information;

The political, economic, and trade environment in BVI is very stable, making it easy for financing and listing;

Low tax rates, companies registered and established in the BVI are subject to very little tax control;

No need for an accountant's audit report, just keep the information to reflect the economic situation;

Profits earned from operating in other regions are exempt from paying profits tax, achieving the goal of reasonable tax avoidance;

BVI registered companies are not limited by the number of shareholders, and one person can register and establish a limited company;

The BVI has excellent financial and legal service institutions, which facilitate the establishment and development of various financial institutions or foundations.

BVI offshore company registration process

Check the company name (receive the name check result the next day);

Reserve the company name (only keep the same day after the name is searched);

Due diligence and client background verification procedures (requiring clients to provide: CTC documents (lawyer or accountant verification certificate), verification content including address proof and identity proof);

Establish registration and submit the company folder.

BVI Offshore Company Registration Requirements

Cheng

1. When registering a company, a Chinese name can be added, which can be reflected on the certificate;

2. The company name needs to be searched first, and the search time is about one working day.

Registered capital

1. Standard $50000 (no capital verification required);

2. If the registered capital exceeds 50000 US dollars, a stamp duty of 1500 US dollars needs to be paid, and it will be required to be paid every year for license renewal in the future.

Advantages of BVI offshore companies

No need to submit audit accounts;

Registering a company allows opening bank accounts around the world;

The BVI government protects the interests of shareholders and does not need to disclose the identity of beneficiaries;

The BVI government provides privacy protection for all businesses and ensures absolute confidentiality of director information;

The political, economic, and trade environment in BVI is very stable, making it easy for financing and listing;

Low tax rates, companies registered and established in the BVI are subject to very little tax control;

No need for an accountant's audit report, just keep the information to reflect the economic situation;

Profits earned from operating in other regions are exempt from paying profits tax, achieving the goal of reasonable tax avoidance;

BVI registered companies are not limited by the number of shareholders, and one person can register and establish a limited company;

The BVI has excellent financial and legal service institutions, which facilitate the establishment and development of various financial institutions or foundations.

BVI offshore company registration process

Check the company name (receive the name check result the next day);

Reserve the company name (only keep the same day after the name is searched);

Due diligence and client background verification procedures (requiring clients to provide: CTC documents (lawyer or accountant verification certificate), verification content including address proof and identity proof);

Establish registration and submit the company folder.

BVI Offshore Company Registration Requirements

Cheng

1. When registering a company, a Chinese name can be added, which can be reflected on the certificate;

2. The company name needs to be searched first, and the search time is about one working day.

Registered capital

1. Standard $50000 (no capital verification required);

2. If the registered capital exceeds 50000 US dollars, a stamp duty of 1500 US dollars needs to be paid, and it will be required to be paid every year for license renewal in the future.