Offshore companies are companies that are incorporated in a jurisdiction different from the one where it carries out its business activities or companies incorporated in offshore financial centres.
Offshore companies what some call a tax haven, referred to this term in a country which exempts from tax foreign investors who have bank accounts or set up companies in its territory. At that make no economic or commercial activity and are termed non- resident companies. These companies are controlled by foreign enterprises or individuals that conduct their business in other parts of the world and using the tax haven only as a legal address of the company.
Documents Required:
For an Individual Shareholder:
- Passport copies with a validity of at least six months
- Application form
- Proof of residence (A telephone or electricity bill not older than three months should be sufficient)
- Curriculum Vitae or résumé of the shareholder(s)
For a Corporate Shareholder / Entity:
- Notarised incorporation certificate or trade license copy
- Valid passport copies of representatives and directors with a validity of at least six months
- Notarized, original incumbency certificate
- Notarised, original good standing certificate
- Original shareholder’s resolution that is notarized
- Parents company’s Memorandum and Articles of Association copy
Lists of the Activities Included:
- One Activity to General Trading
- Consulting & Advisory Services
- Holding Company
- Investments and Joint Investments Company
- Property Owning
- International Services
- Professional Services
- Shipping and Ship Management Companies
- Commission Agents Company