The company formation itself
In most offshore areas it’s necessary to have a “registered agent” who performs the actions to register the company on place. The process requires due diligence of owners identity and payment of state taxes; Most often, to found a company, you need to provide:
- Identification document(ID card or passport - certified by notary, attorney, etc.);
- "proof of address" - documents showing rhe address of the person, most often invoice or bill for paid taxesили bank reference.
„Nominee director” и „Nominee shareholder”
These services ensure the confidentiality of the real owner data. The nominee director is local intermediary, who appears in all public registers, but has no power to manage the company or access to its finances. This service is highly recommended, but not mandatory;
Virtual office
Can be set up in a major city like New York or London. This is a business address with phone and fax, all the correspondence is issued to this address and then forwarded to the real owner. Virtual office does not affect the taxation;
An offshore corporate bank account
Banks in offshore areas offer all modern services including online banking, debit and credit cards, check books, international bank transfers, credit letters etc. This provides the customer with permanent access to his funds. Opening of such bank account is not mandatory, but is comfortable and easy to operate, also banks in offshore areas maintain a very high level of confidentiality. You can read more about the ofshore bank account here
