Posted by offshorepedia on Feb 27, 2010 in Belize, Company Formation | 0 comments
Belize is a popular jurisdiction for incorporating offshore companies and IBC’s incorporated in Belize are often used by high net worth individuals to lease and own property, estate planning, tax optimization and also in conjunction with trust and by international companies in cross border transactions.
A Belize IBC is a tax-free and exchange control-free Limited Liability Company, incorporated under the laws of Belize. However all its profit-earning activities must be conducted outside Belize. A foreign company also has the option to continue under the law of Belize as an IBC and would still have all the benefits provided by law.
A fundamental feature of the IBC in Belize is how the law was specially designed to be cost saving. Because there are no minimum capital requirements, no need for audited accounts, no annual returns, no requirement for a local director or secretary and no requirement for an annual general meeting, the costs of maintaining a Belize IBC are kept to a minimum.
Another feature that makes a Belize IBC attractive is its flexibility. Only one director and one shareholder are necessary and it may have bearer shares or registered shares, voting or non-voting shares as well as the authorized share capital may or may not have a par value. The IBC may conduct any business that is not prohibited under the laws of Belize save and except for banking, insurance, trust management and collective investments, which requires a license. The IBC may also purchase its own shares and redeem its own shares.
Although the Belize IBC must conduct all its profit earning activities outside Belize, it may lease an office in Belize, obtain the services of Belize professionals and trust companies, keep its company records and hold meetings in Belize, operate an account with a local Banking institution, hold shares in another Belize IBC and own vessels registered in Belize.
To register a company in Belize proper due diligence is carried out by the registered agents in compliance with The Money Laundering Act and Code of Conduct in Belize. A company may choose to have nominee directors or nominee shareholders; however, the only document presented for public filing at the registry is the Memorandum and Articles of Incorporation. There is no requirement for public disclosure or annual filing of accounts under the act. The Financial Intelligence Unit of Belize and the International Financial Services Commission of Belize are the only two organizations that have privy to client’s information upon request.
read more
Posted by offshorepedia on Jan 30, 2010 in Company Formation, Featured | 0 comments
When considering incorporating an offshore company there are several alternatives with regard to in which jurisdiction the offshore company should be incorporated. Some of the jurisdictions that often are used as the venue for incorporating an offshore company are for example Bermuda, Belize, British Virgin Islands (BVI), Cayman Islands, Mauritius, Cyprus, Malta, Panama etc.
Often one will hear or read recommendations about a certain jurisdiction being the “best” one for incorporating an offshore company. The problem is that there is no one ‘best’ jurisdiction that fits all. The choice of jurisdiction depends completely on the purpose with the creation of the offshore company. Is the purpose to minimize the taxes? Or is it to protect certain assets? Or maybe the purpose is to run a trading company offshore? Without knowing the purpose of creating the offshore company it is simply not possible to say that a certain jurisdiction is the best choice.
However, knowing the purpose with the incorporation is not sufficient. Another determining factor is where the owner of the company is domiciled and if there are any other jurisdiction where the owner might be held responsible for certain liabilities. Most often the ‘best’ jurisdiction for incorporating an offshore company is not the same for an US citizen as for a Russian or someone living in the Middle East.
Accordingly with what has been said above there are no such thing as one best offshore jurisdiction for incorporating an offshore company. Which jurisdiction that should be chosen depends completely on the circumstances in each and every individual case. Thus, you must first off all analyze the purpose with the incorporation and thereafter do a risk analysis of your personal situation with regard to the jurisdiction where you are domiciled or any other jurisdiction where you can be held liable. When this is done you can start analyzing all the different offshore jurisdictions that are available for incorporating an offshore company.
read more
Posted by offshorepedia on Jan 28, 2010 in Press Releases | 1 comment
———
This is a press release from CCLOGIC Ltd
———
(Free-Press-Release.com) January 28, 2010 — CCLOGIC Ltd is offering professional services towards businesses, private investors and individuals considering moving their activities offshore, whatever activity one may be into, investments, online business, selling of gods and services or takeover of competing or synergy companies, we provide the service one will need to achieve the goals.
CCLOGIC Ltd is offering their services as following:
Belize Company Formation , we register a company in Belize, compared to many on the competitors we deliver the real thing, means original corporate documents with apostille, original company certificates and a memorandum of articles.
BVI Company Formation , since we know many are looking in the direction of the British Virgin Islands we have partnered with one of the most reliable law firms on the BVI to register BVI Companies, again, we will provide you with a comprehensive package including the original corporate documents, company certificates and a standard memorandum.
Cyprus Company Formation , since we are located our self in Nicosia, Cyprus, then we are directly on the source to the different authorities who official register the companies in the companies register in Cyprus, when ordering a Cyprus Company through us, you will get an impressive package of original corporate documents with apostille, company certificate and a “REAL” office address with real people, not just “a plate on the wall” – we have a unbeaten service level when it comes to a Cyprus Company Formation.
Seychelles Company Formation , due to a very tight partnership with one of the leading law firms in the Seychelles we are able to provide a quality package with original corporate documents with apostille, a company certificate and a office address in the Seychelles, again, compared to the many competing organizations or rather pure websites, we deliver what we promise, no crap, but only a quality package with a set of corporate documents.
Offshore Bank Accounts and Cyprus Bank Accounts
When it comes to offshore banking and Cyprus banking we are a leader in providing such services, regardless which bank you want to open your bank account with in Cyprus (northern side) we can help you to do so, if you need a Bank account in the Bahamas or Seychelles we can do so and all ONLY WITH RELIABLE banks, no hunk or bogus bank accounts like the pure other service providers provide! We have seen a lot and it is not good, on a daily basis we receive many enquiries from clients which are that dissatisfied because they got trapped and now want to start from the beginning, that we feel we have to defend our business and industry.
Above are all very professional services offered by one of the most reliable service agency, CCLOGIC LTD, don’t let you be fooled into the many fake organizations and websites out there which promise you the same for the half of the price, look at it in this way, if you want a Mercedes or BMW you don’t buy a Toyota just because it looks like the Mercedes or BMW, no, you take the real thing and will drive safe and secure through the traffic.
CCLOGIC Ltd has specialized in the formation of real offshore companies and the opening of real offshore bank accounts with reputable partners and financial institutions/banks that have a I high grade of Trust and credibility to the many thousands of clients served during many years. CCLOGIC Ltd is only entering into a business relationship with new clients if we feel comfortable and feel that our new client has got all the help they need to take decision to proceed, we never oversell or sell any of our services just to make more profit, we want our new clients to sit back after a business deal with the feeling they really got value for their money and are 100% satisfied.
read more
Posted by offshorepedia on Jan 20, 2010 in Belize, Company Formation | 0 comments
There are many features that set Belize apart from other locations for IBC creation and incorporation. Below are some of the major features:
- Competitive prices for incorporation and annual fees for a Belize IBC;
- The incorporation process for Belize Offshore companies will not take longer that 3 working days;
- A Belize offshore company is exempted from all taxes;
- The names of the shareholders and directors for offshore Belize are not a part of the public record;
- The bearer share is allowed for offshore Belize;
- Minimum of one director and shareholder required for Belize incorporation;
- To incorporate in Belize, the director(s) and the shareholder(s) can be physical person or a company;
- The director and the shareholder can be the same person;
- There is no requirement to appoint a local or any secretary for Belize companies;
- The first director of the company is appointed at the organizational meeting of the Belize corporation;
- For Belize corporations, there is no requirements to file any accounts or to provide annual audits reports;
- The register of shares has to be kept and up to date;
- A registered agent and a registered office are required;
- Annual fees are due to be paid by the 31st of July, starting from the second year of incorporation and each subsequent year thereafter;
- The Belize IBC cannot derive any income from activities in Belize;
read more
