Advantages of an offshore corporate entity

Provided it is legally and properly structured, an offshore corporate entity is a popular way to legitimately minimise international taxation.

An offshore corporate entity in reputable jurisdictions such as Singapore and Hong Kong portrays a positive image to customers, suppliers, investors and banks.

An offshore corporate entity is a legal way to protect global assets. Visit our asset protection page for more information.

An offshore corporate entity enhances client confidentiality. Shareholders' and directors' details remain private - offshore jurisdictions tend to have strong corporate and banking secrecy laws.

An offshore corporate entity offers unrestricted flow of capital and transfer of assets globally.

It is possible to open corporate bank accounts all over the world to support an offshore corporate entity. Banks such as HSBC, Standard Chartered, DBS and Citibank provide corporate bank account services.

Disadvantages of an offshore corporate entity

Many offshore jurisdictions are under pressure from the Organisation for Economic Cooperation and Development (OECD) to exchange previously confidential client information. OECD efforts seek to minimise tax evasion, minimise money-laundering and terrorist financing. Offshore Business jurisdictions that are popular locations for incorporating an offshore corporate entity such as such as Singapore and Hong Kong are immune to such pressure.

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

While offshore corporate entity is perfectly legal, concealing information about your offshore investments is considered illegal in some countries.

An offshore corporate entity is a popular solution for entrepreneurs in the following lines of business:

An Import-Export Company or an international trading Company, refer to our International trading page.

Intellectual property developer, refer to World Bank report for further information;

Independent Consultants and Contractors;

Investment Portfolios and property-owning companies, refer to our asia property;

Holding companies and Shipping companies.

Healy Consultants Fees for an Offshore Corporate Entity

Offshore corporate entity costs vary depending on the jurisdiction chosen. Typically total engagement costs range between US$5,000 and US$10,000, depending on offshore corporate entity chosen and the professional services required from Healy Consultants. We will be happy to prepare a detailed quotation based on your specific offshore corporate entity requirements.

Contact Us

For more information on an offshore corporate entity, email email@healyconsultants.com or telephone us in Singapore at (+65) 6735 0120.

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