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Five Steps to setting up an Offshore Company

Setting up an offshore company can be fast and hassle-free or wrought with drawn-out problems and difficulties. It depends on the expertise of your Corporate Consultants. Healy Consultants' goal when setting up an offshore company is to make the process as smooth and efficient as possible for our Clients. And that's why so many individuals and organisations look to Healy Consultants in the earliest stages of their plans for setting up an offshore company. Our years of experience will guide you through the process of setting up an offshore company.

Healy Consultants is one of the world's most respected specialists in company incorporation. Our expertise for setting up an offshore company spans the globe, with special emphasis on jurisdictions that offer asset protection and tax advantages, including Singapore, Dubai, the Marshall Islands and Hong Kong.

While there are many factors to be considered when setting up an offshore company, there are five main steps to doing so:

1. When setting up an offshore company, our Client should choose the jurisdiction which best meets their needs. When choosing the most suitable jurisdiction, considerations should include:

• The tax implications of setting up an offshore company in that jurisdiction;
• The reputation and image implications of setting up an offshore company in that jurisdiction - in essence what the Company will look like to customers, suppliers, investors and banks.
• The level of confidentiality offered by setting up an offshore company in that jurisdiction. For example, some jurisdictions have a public register giving directors' and shareholders' details. Other so-called confidential jurisdictions are under pressure from the Organisation for Economic Cooperation and Development (OECD) to exchange Client information as part of efforts to minimise tax evasion, minimise money-laundering and terrorist financing.

2. Complete Healy Consultants corporate structure form, advising company name (and alternatives if the first choice is unavailable), directors and shareholders details, as well as some information on the activities of the company.

3. Provide Healy Consultants the required due diligence. When setting up an offshore company for our Clients, Healy Consultants has an obligation under international money laundering regulations to ensure that we 'know our Client'. Our due diligence procedures mitigate the risk that our Clients use Healy Consultants' corporate structures for illegitimate purposes. Some of the due diligence required when setting up an offshore company includes personal information pertaining to the beneficial owners of the company, e g, copy of passport and proof of residential address.

4. Healy Consultants legally incorporates your company.

5. After setting up an offshore company for our Client, Healy Consultants e-mails the original corporate documents, including Certificate of Incorporation and Memorandum & Articles, to our Client.

Contact Us
For more information on setting up an offshore company, please email or telephone us at (+65) 6735 0120.

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