Welcome to Banking Offshore.  Whatever your offshore banking needs you will find a wealth of information and choices from leading offshore banking specialists. Due to unpleasant changes in legislation or tax policy in some offshore havens, it is no longer recommended to form corporations or offshore banking in the following jurisdictions:  Cayman Islands, Switzerland and The Bahamas.

Offshore Company

In this article we are going to make a brief presentation of the company. First, we are going to explain what this type of company really is about. Such a company is not involved in very important business in its country of origin and they are usually referred to by the name of "non-resident companies". An company can provide individuals or even other companies with a series of benefits. Here are some of the benefits that we were talking about: 1. Taxation - the structure of the business can permit the making of the profit to be realized in such a way that it can reduce their tax liability, 2. Simplicity - companies are quite easy to set up and then maintain in some jurisdictions, excepting, of course, the businesses, such as banks or other financial institutions, 3. Reporting - some jurisdictions require more information than others, 4. Asset protection - the assets and the transactions can in no circumstance be protected from unexpected future liabilities, 5. Anonymity - this benefit gives the possibility to some companies to keep their anonymity while keeping their business going making all the transactions in the name of other companies, which are private.

In this second paragraph we are going to present the most important features of an company. Such a company always keeps a thorough documentation about the associations and bylaws. We can say that these articles are the basis of an company because they keep the rights, the objectives and the internal processes in an up-to-date matrix. Also, a company should always have a valid certificate of incorporation. This is the document that proves that the company exists and that it is authorized by a jurisdiction. The person who takes care of monitoring the company is also known as the registration agent. This person usually provides the registered office too, which is the official address where all the documents are being received. The members of the company are its owners. Like any other company it has also some directors, who are represented by those people who take care of the daily affairs. In some cases, there are appointed some directors, whose purpose is nothing else than execute the other's members decisions. These other members that are the real directors choose to stay in the shadow for various reasons and they are usually referred to as the "shadow directors

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