Offshore companies are defining components of current international economy.

Anguilla Limited
Singapore Limited
Cayman Limited
BVI Limited
Belize Limited
Hong Kong Limited

Offshore Limited Company

Offshore limited companies are international business companies (IBC) that are formed and registered outside the regular country of operation, that is, in an offshore jurisdiction (overseas territory). Though ‘offshore’ is usually used to refer to countries that have special legislations in place for registering offshore limited companies, any company that is formed outside its owner’s regular domicile and place of operation can be considered an offshore limited company, such as in the cases of Hong Kong and Singapore where there are no official offshore company or offshore legislative regimes but allow regular companies to be incorporated and registered by foreign residents and operated outside the country’s borders.

Offshore limited companies are traditionally known to operate as tax exempt entities, based mainly on the fact that their income is sourced or earned outside of the territory in which they are registered and incorporated and that none of their services are offered to local residents of the jurisdiction. This makes the income of an offshore limited company exempt from local taxation and therefore, capable of reducing its tax obligations.

Because of their nature, offshore limited companies are able to operate privately, while having an international presence. But, an offshore limited company is required to meet the tax obligations of the country in which it operates, while some countries impose tax on international income and would require income to be reported accordingly. Being offshore however makes it possible for a limited company to do its business discreetly and to be very much in control of how much of the company’s affairs are made known to the local public.

This can be achieved with the use of private offshore banking facilities which are readily available to offshore limited companies as well as by forming offshore trusts and foundations which can be used for many reasons; for example, to plan succession instead of using a will (which is a public document and can be easily consulted by anyone at the local registry), to separate certain funds for employee or group pension schemes, and to protect assets by formally creating a separation between personal and legal ownership of assets. Such offshore vehicles can be used along with an offshore limited company to enhance the benefits of offshore entities.

Offshore banking lies at the heart of the offshore services sector and offshore ltd. Companies in particular benefit greatly from the services offered by offshore banks. These services include a series of asset protection and wealth planning facilities as well as different offshore banking accounts that an offshore limited company can open in its name and establish an international platform from which to conduct it s financial and trading affairs. Offshore limited company that use these facilities and services can hold multicurrency accounts, offshore brokerage accounts and have increased chances of accessing overseas securities markets and investment opportunities depending on the scope that the offshore bank’s services cover and the affiliations that the offshore bank has built with other banks and investment firms, brokerage houses and major corporations with sound offshore investment possibilities for offshore companies, like Belize company.

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