Offshore business formation is, if properly structured, a legitimate way to minimise international taxation. Many of Healy Consultants' clients are reaping the benefits of offshore business setup. The following information will indicate whether starting a business offshore is the optimum solution for your objectives.

Advantages of Offshore business formation include:

Offshore business formation is simple with Healy Consultants thanks to our transparent and logical engagement procedures.

Offshore business formation is a legal way to protect global assets. For more information on how starting a business offshore aids asset protection, view our asset protection page.

Setting up a business offshore in reputable jurisdictions such as Singapore and Hong Kong portrays a positive image to customers, suppliers, investors and banks.

Many of our clients ask for our assistance in starting a business offshore to legally minimise their international tax, if the company has been correctly structured.

International entrepreneurs can move capital and transfer assets freely after setting up a business offshore.

Healy Consultants assists our client to open corporate bank accounts all over the world; our preferred banks for Asia are DBS, Standard Chartered and HSBC.

After starting a business offshore, Healy Consultants can provide Virtual Office services in the offshore jurisdiction of our clients' choice. These services include i) providing office space to clients ii) a business address for invoicing purposes iii) phone, fax and email support and iv) global call centre support.

As part of offshore business formation, Healy Consultants provides excellent accounting and taxation support for your offshore company, including i) corporate structuring ii) minimising withholding tax iii) tax returns and financial statements iv) payroll and investments.

After starting a business offshore, Healy Consultants assists our client in locating a proper business premises and recruit local staff in the chosen jurisdiction.

Following offshore business formation, Healy Consultants helps our client to obtain corporate finance, trade finance and to open an Internet merchant account. Additionally Healy Consultants will also obtain approval for an international brokerage account for our client.

On completion of offshore business setup, Healy Consultants provides our clients with a range of Consulting Services, including i) merger and acquisition advisory ii) business due diligence iii) internal audit support iv) business process re-engineering.

Following offshore business formation, Healy Consultants can assist our clients with immigration requirements including obtaining employment and residence visas for themselves, their families and staff.

Disadvantages of starting a starting a business offshore include:

Depending on the corporate jurisdiction chosen, setting up a business offshore may portray a negative image to your customers, suppliers, investors or banks.

Many offshore jurisdictions are under pressure from the Organisation for Economic Cooperation and Development (OECD) to exchange previously confidential client information. Those setting up a business offshore should note that OECD efforts seek to minimise tax evasion, money-laundering and terrorist financing. That said, many of our clients opt for offshore business setup in reputable jurisdictions such as Singapore and Hong Kong.

While offshore business formation is perfectly legal, concealing information about your offshore investments is considered illegal in many countries.

Procedures For Offshore Business Setup are as follows:

Before beginning the set up of the offshore business, our client signs our standard Client Engagement Letter, and supplies requested due diligence, including passport copies, proof of address and a bank reference letter.

Our client settles our fees for offshore business setup.

The next step is for our client and Healy Consultants to agree the company name and confirm the corporate structure, including shareholders and directors.

Offshore business set up begins when our client and Healy Consultants agree the international tax, legal and accounting implications of incorporating offshore companies.

Healy Consultants then prepares the documents required for the setup process. These are forwarded to our client for signature and returned to us.

Following offshore business formation, Healy Consultants provides our client with a complete company kit containing the original certificate of incorporation, a copy of the Memorandum & Articles, share certificates and, if applicable, an extract from the public register illustrating company details available for public viewing.

Offshore companies are typically incorporated through the registrar of companies or its equivalent. Healy Consultants liaises with the relevant registrar to complete this phase of offshore business set up.

Reasons for offshore business formation can include:

i)	Intellectual property developer.
ii)	Independent consultants and contractors.
iii)	Holding companies and shipping companies.
iv)	An import-export business or an international trading business.
v)	Investment portfolios including Asia property investment.

Healy Consultants' Offshore Business Formation Fees

Our fees for setting up a business offshore depend on the jurisdiction and the range of services required. Please contact us to tailor an accurate quotation for starting a business offshore.

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