Company with off shore bankacunt

Overseas company with offshore bank acount

Offshore trading company with account with Premium Bank - €1,900

Whatever the individual reason for going offshore, the motivation is always the same: to retain more of what we work so hard to make. Whether you’re concerned about the future, you trade internationally or you’re on the verge of launching an e-commerce project, a company registered in a country with zero tax is an advantage, all other things being equal.

• IBC company registered in the Seychelles
• Offshore bank account with a premium bank outside the EU

The commonest kinds of offshore company in the Seychelles are IBCs, companies formed under the "International Business Corporation Act of 1994.". They are identical to other offshore companies in the British Virgin Islands (BVI), only quicker to form and cheaper to administrate. Four factors make these companies attractive.

• Tax exemption (0 tax)
• Ease of administration
• Protection of ownership
• Political and economic stability

Tax exemption means that, under the Act, the companies are exempted from tax and charges on all income. The companies are also exempt from stamp costs and exchange control. In overall terms, local legislation means that such tax exemption applies to all companies for at least 20 years from the time of formation. There are a few requirements governing the registration of companies in the Seychelles:

• At least one person must join as manager and shareholder
• You must have an officially registered agent in the Seychelles, who will also be used as the registered address

The company must have a suffix in order to show that it operates with limited liability. Typical suffixes include Limited (Ltd), Corporation or Limited Life Company (LLC), or the German GmbH can be used, for instance.
The general reporting requirements are extremely ”laid back”. An IBC has no book-keeping or annual accounting requirements. There is no stipulation about hiring an auditor or auditing the company on a regular basis.
Only such book-keeping as considered necessary for the manager’s own use need be drawn up, and that can be stored anywhere in the world; and it is not accessible to the general public.

Importers

An importer who imports furniture from Asia would like to locate the bulk of his earnings outside the country where he works and is steeply taxed. He therefore chooses to register an offshore company, which then takes care of the actual importing. From the offshore company’s "virtual" warehouse, he can then import to his country of domicile, and determine his purchase prices himself (as he is effectively trading with himself). Here the offshore company is an efficient tool in tax avoidance, albeit without circumventing the law, of course.

Exporters

As with the importer, the exporter is interested in taxation. The exporter allows his exports to pass through the offshore company at cost price and then sells from the offshore company straight to the client. Here the exporter is in a position to leave his profit abroad and secure himself a legal tax saving.

The publisher

The publisher publishes a small magazine for 5,000 subscribers. All the distribution and invoicing work is already being outsourced to a third-party. The subscribers pay the distributor, who then settles up with the publisher. Publishers can allow their rights to pass to an offshore company and bill the distributor straight from there. In addition, it is actually possible to lower the subscription price by 20% as the magazine is now zero VAT rated.

Personally owned firms

Many companies that carry out services within e.g. engineering, aviation, computing, financial activities, film and entertainment, as well as consultancy can achieve considerable tax savings through an offshore company. There are many ways of doing this, one of them for example being to have one’s own offshore company enter into an agreement with the present client. After that, the offshore company employs you yourself to carry out this work, paying you for the privilege, so you regulate your taxation yourself in your country of domicile. In this variant, your offshore company acts as a sort of "management company” or ”trust corporation”, like a "booking agency" that hires you as and when the work comes in. An efficient tool for regulating your personal income.

Franchise and rights

So-called intellectual property rights, including licensing agreements, patents, copyrights and software rights can either be owned or sold to an offshore company. Following transfer, the offshore company signs new agreements with licensees, franchisees or other parties interested in taking advantage of those rights.

Investment portfolios

It may be attractive for both corporate and private entities to have their portfolios invested with an offshore company. Taxation of profits is zero, and the offshore company is an effective tool for achieving anonymity.

Receive electronic payments to your company with Easy Invoice

Your company comes complete with ScandiCard’s electronic billing system, Easy Invoice, enabling you to send invoices out from your foreign "parent company" and receive payments directly on your VISA Electron Debit card.

The agreement is made between the parent company and ScandiCard Solutions INC, and your Danish branch is therefore NOT affected by the sale for tax purposes. Your clients can pay via a bank or by credit card. Read more about Easy Invoice here

Order an overseas company with a bank account for just €1,900

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Nominee

Nominee directors and owners assure your anonymity in all types of companies, and there are a number of documents that ensure your ownership status.

Nominee director - the nominee director is the actual director in the company. When you buy the company from us you receive an undated notice and a declaration of intent from the director, so that you at any time can replace your director without any problems.

Nominee owner - the nominee owner is the actual owner of your company, and to protect your assets you receive a declaration of trust that combined with a General Meeting protocol to your bank appoints you as the only person authorised to bind your company. Depending on the bank you work together with the nominee owner also signs a power of attorney declaration to the bank, which may be worded like this:

General Power of Attorney
– with a comprehensive general power of attorney issued by the nominee director; with that you can yourself open new bank accounts and issue new powers of attorney according to demand.