Some Of The Advantages of Offshore Company Incorporation

March 2, 2010 – 1:53 pm

You have no doubt come across the concept of registering a company offshore. Many people however only has a very basic knowledge of what an offshore company is, so let us briefly explain how offshore company incorporation works.

When a citizen of one country, for example the United States, wants to register a company in another country, for example the Seychelles, that company is called an offshore company.

One of the most commonly known benefits of this type of company is the fact that you can register your company in many countries around the globe and not pay any tax in that country on the profits which that company generates. A good example of this is the Seychelles, where neither the company nor its members will pay any tax.

Before you register your company offshore, you first have to make sure which tax system your country uses. If it uses a system like South Africa, called residence based, it means you still have to pay tax in your own county regardless of where the money comes from.

If you lived in South Africa, therefore, you would still have to pay tax on money which your company in the Seychelles generates.

You do not have to be filthy rich to register your company overseas. In many offshore destinations, among others the Seychelles, there is no requirement for a minimum amount of capital when you create a company. You will therefore have no problem to start up this type of company with a share capital of as little as five hundred dollars.

A further highly sought after benefit of offshore companies is the issue of being anonymous. In most countries around the world you don’t have to publish the names of the members or directors when you incorporate a company. If you are therefore a high net worth individual who does not want everyone to know about his assets, this type of company is ideal for you.

The whole process of offshore company incorporation is usually quite streamlined and should not take more than a few days. The license fees are less than a thousand dollars in most cases

By APGI S.A. | Posted in Offshore Company | Tagged , | Comments (0)

What Is An Offshore Company And What Are Its Benefits

February 24, 2010 – 1:42 pm

An offshore company as the name suggests is a business which has been incorporated outside the home country of the owner. This means that if you are living in the United States and had a business in Rome you would technically be running an offshore company. The reason most people have an offshore company is to avail some attractive tax benefits that other foreign countries have which is not available in their home country.

One of the biggest benefits of having a company abroad is that you are dealing with much less stringent laws especially relating to auditing, operational activities and accounting. This lets businesses gain a competitive edge over other businesses since this saves them money and operational costs. This costs savings further help them price their products and services competitively.

There is no point having a company in another country if you do not get tax benefits. This is why many foreign countries offer some very attractive tax benefits in order to attract foreign investors. Foreign countries also provide you with very high asset protection which means that your money and personal belongings are out of reach in your home country from any possible litigation.

However when starting an offshore operation it is always good to first do some research. This research should give you a good idea of what types of benefits you can get if you do business in a foreign country. You should also make sure that the country is not too far from home country so that you dont need to spend too much money going back and forth for business.

Ideally you would want to opt for a country to do business in where you get the most benefits. You should also take a look at where your competitors are doing business and why.

By APGI S.A. | Posted in Offshore Company | Tagged | Comments (0)

When It Is Too Late For Assets Protection

February 22, 2010 – 1:37 pm
Assets protection can be a very big thing, because of the economy people are very interested in protecting their investments. Most people just seem to have the knack of waiting a bit too long and will fail to protect what needs to be protected.

Most of the fault can lay in the problem of transfer laws being fraudulent. With this happening many gifts can be nullified, and they may have been the choice of what was going to be used to protect something. With conversion laws also being fraudulent it can put a damper on the attempts that are made to protect assets.

The limitations of the laws for these problems are normally around four years, though it can also vary depending on the state you live in. Meaning that if you have made a transfer or a conversion and it has been within four years. Well simply put a creditor can still go after that asset you are trying to protect.

Normally when a person has begun to think about ways of protecting their assets they have actually waited too long. Because when the claims are considered these laws are not part of what is normally looked into. Instead it is exactly the claim and why it is brought up that will be looked into.

Thinking that you may possibly be sued due to something, and you have not gotten a letter as of yet. Well that does not even mean that you have a case, because you still can be a bit too late. As long as the claim is already there it can still fall under the four year rule.

Even with a personal guarantee being in place you will most likely have no set way to protect your assets. Instead it will probably instead be viewed as a way that you are getting those chips off that table, even if you have lost the hand. Most courts are not going to side with you in this matter.

Success in protecting your assets is done well before you are even in financial trouble. Or before you decide to enter into a personal guarantee type of situation.

By APGI S.A. | Posted in Offshore Asset Protection | Tagged | Comments (0)

How To Manage Offshore Assets Effectively

February 20, 2010 – 1:27 pm

Having offshore assets can be great but some people think they can also be difficult to manage mainly because they cant be in two places at the same time. Things can become a little difficult if you offshore assets are tangible and are very far from where your home country is so for instance if you live in the United States but your assets offshore are in South Africa you are bound to find it difficult to manage.

One of the things you should definitely sign up for is asset protection. Asset protection is mainly the legal transfer of your assets to another place with a different jurisdiction in order to protect it from creditors in your home country. Mainly people will also transfer their assets to another country in order to protect it from taxation and the legal system. However determined creditors may still be able to get a hold of your assets albeit it will be much more difficult.

However one of the biggest advantages of transferring your assents to a foreign country is that it will deter many creditors hell bent on a lawsuit since it is going to be expensive. There are also chances that the judgment will not be in their favor.

When it comes to managing your offshore assets you mainly have two options i. E. You either do it yourself in which case it can become very difficult or you hire someone to do it for you which can be quite expensive. How you choose to manage your assets will depend upon how much money you have and what type of management they require.

Make sure that if you opt for asset protection or something similar that the country you plan on moving your assets to provide you with the right protection. Ask your attorney for or a financial consultant for advice.

By APGI S.A. | Posted in Offshore Asset Protection | Tagged | Comments (0)

What You Should Know About Having A Seychelles Company

February 18, 2010 – 9:15 am
Although some may not be aware, the consolidation of funds within an offshore account with the Seychelles Company can furnish individuals a way to save on taxes. Furthermore, there are other kinds of benefits that come along with having such an account.

One such benefit relates to the utilization of one of the most popular and accomplished offshore corporations within Seychelles. Moreover, the company is incorporated under the International Business Corporation Act, 1994. This allows for the establishment to remain exempt from taxes, while engaging in a wide variety of international types of business.

In addition, there is no reporting requirements, along with little record keeping. Additionally, customers are offered complete confidentiality. Any of the beneficial owners, shareholders, or directors are not part of public record. In addition, the Republic of Seychelles remains an independent country, therefore not having to report any kind of information to overseas organizations.

This also protects against any type of confiscation, since the court can overrule any type of governmental authority. Additionally, they have one of the fastest Registries of International Business Companies in the world. All of the new IBC’s become incorporated most of the time within twenty four hours.

The government fees is also one of the most competitive since they only require $100 at registration and each year after. In addition, there are no restrictions on the threshold, which is allowed. Regardless of the amount that you have, you still only pay $100. Another benefit relates to the way that there is no minimum in capital required in order to start a Seychelles Company.

There are many types of shares in which a person can have. In addition, having a Seychelles Company is something that is quite easy. Some of the easiest requirements relate to not doing business within Seychelles. In addition, the person cannot have any real estate that they own within Seychelles either. In addition, the company is not allowed as a registered agent business, or to do banking or things with insurance, unless they have a special license.

By APGI S.A. | Posted in Seychelles Company | Tagged | Comments (0)

What You Should Know About The Panama Company

February 16, 2010 – 9:13 am
Anyone who desires animosity can find with through the use of a Panama Company. Otherwise referred to as a corporation (IBC). This allows individuals to own their own bank account, while they conduct their business within a private manner.

The general Panama corporation is the most popular type of company. Within this type, there are two varieties that are offered. The first type is the Panama Corporation (Sociedad Anonima), which only has the requirement that there be either one stock holder or shareholder. The other type is the Panama Bearer Share Corporation, which does not require any shareholders.

With the Bearer Share Corporation, the only things that is issued is Bearer shares. This gives the person who physically has the shares the ownership of the corporation. Ultimately, this offers the most privacy out of all of the options. In addition, this is one of the most well respected types of bank accounts that are within Panama and abroad.

The Panama Foreign Corporation gives companies that are foreign the ability to register their company within Panama. However, this is not an option for those doing offshore banking. The other type of banking offered is the Panama General Partnership and allows for offshore investing, as well as banking as a partnership. However, there are no advantages that come with this option over having a general Panamanian company.

The Panama foundation offers a powerful tool to those who do there banking offshore. Anyone wanting a multi layer of protection for confidentiality can use this in addition to a Panama bearer share corporation, along with a Panama corporation and bank account. Another option offered is a Panama trust, however the main goal of this account is not to offer secrecy, but rather more assett protection, while having the appearance of owning a Panama Company.

By APGI S.A. | Posted in Panama Company | Tagged | Comments (1)