Frequently Asked Questions
Offshore made simple with all your queries being answered
Business or an investment made outside the country of residence or in a non-resident country is defined as an Offshore Company. Companies established offshore may not conduct business where it is officially registered. Sectors like banks, insurances, funds, trusts, foreign investments etc. are products of offshore. They are also referred to as offshore financial centres or offshore jurisdictions.
Offshore plays a vital part in globalisation. It is financially, legitimately, politically and culturally favourable. Offshore's provide special advantages such as favourable tax options, stringent privacy, ease of incorporation, less red-tape procedures and quick incorporation of companies.
Different entities have different criteria for selecting an offshore company. However, the following are the key factors to setting up an offshore company:
Stealth Offshore brings 27 years of experience to the table. It offers clarity in service, and provides guidance that is easy to understand and incorporate. Stealth Offshore has a long history of success in fiscal & legal issues, and consultancy. It has a global presence in four continents and boasts of a network of local & international delegates, specialised in the field of incorporation - both onshore & offshore!
We have specialised teams dedicated to IP protection for our clients. Our clients share an intense bond that has dynamically grown in depth. We believe in remaining committed to our client from the point of contact to implementation to execution and accomplishment of desired goals.
Multinational companies of the Fortune 500 elect for jurisdictions like British Virgin Islands, Jersey, Seychelles, UAE, Cayman Islands, Netherlands, Singapore, Hong Kong, Ireland and Luxembourg to create their offshore subsidiaries. Each jurisdiction has its own merits centred on tax laws and legal structure.
In a corporate structure, a director is one who takes the responsibility of running the company and is appointed by shareholders.
Shareholder is either an individual or an organisation that owns shares in that company. Owning shares in the company provides them with the right to attend annual meetings. They are influential on the policies of the company since they hold their stakes within the company. They are considered as stakeholders and shareholders.
A Company that is incorporated within the home country, conducts majority of its business within the country and complies with tax and legal structures of the country, is an Onshore Company. It conducts business within the specified limits of that country. It is the opposite of Offshore Companies that opt for tax benefits while doing business in a jurisdiction. Onshore companies may not be tax havens.
Freezone or Special Economic Region is an area within the territory that allows company formations by foreign investors or non-residents with complete or partial ownership of the registered company. Freezone does not impose certain taxes, instead offers a range of tax benefits to the proprietor of the company. The legal framework of freezones varies with each country.
Each jurisdiction differs from the merits & benefits they offer. Selecting a jurisdiction completely depends on the requisites for establishing a company.