What`s the difference between a domestic company and an offshore company?

[akshdalal]

What are the major differences between an domestic company and an offshore company? And if I want to buy an offshore company, can I buy the offshore company anonymously, without telling my name? If not, then what is the information required required to register my offshore company?

 

[JohnLocke]

It's not possible to buy any company anonymously, what you can do is to put a trust inbetween or let a Seychelles company buy the company. I suggest a Seychelles corp. since your privacy can be 100% protected and no one will know who the owner is of the Seychelles corp. other than the agent who incorporated this company for you in the Seychelles.

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[akshdalal]

Thanks for answering, means I can have my company anonymously! Which is better 'Offshore Company' or 'Domestic Company'?


Also, what is the information required required to register my offshore company?

 

[taruniis]

Indeed. Working anonymously, however, has its side effects. You will not have the chance to advertise it freely. Also, it is hard to gain trust from the possible customers. Establishing a name in the business is only hard at first. You will only reap its benefits once you have been working on it for years.

 

[akshdalal]

I would have loved to work publicly, but there are certain things which prevent me from doing so. I have already overlooked the demerits of working anonymously, and will like to go along with it.

 

[JohnLocke]

You may incorporate a Seychelles corp. to get familiar with such offshore entities, a Seychelles company is both cheap and fast to incorporate and you have maximum privacy.

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[akshdalal]

You may incorporate a Seychelles corp. to get familiar with such offshore entities' date=' a Seychelles company is both cheap and fast to incorporate and you have maximum privacy.[/quote']
'Cheap' word sounds similar to 'Loss'. As, I have no scarcity of Money, I am looking for the best service. So, is there any change in the suggestion you offered?
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[clemens]

There is nothing wrong with a Seychelles company, they are indeed cheap and fast to incorporate, it may sound like Loss but hey with more than 600.000 registered Seychelles companies I think they are safe 😀

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[akshdalal]

There is nothing wrong with a Seychelles company' date=' they are indeed cheap and fast to incorporate, it may sound like Loss but hey with more than 600.000 registered Seychelles companies I think they are safe 😀 [/quote']
Thanks for your response. With 600.000 registered companies, I think it's a safe bet. 🙂
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[pulledoffshore]

I got my Seychelles corp within an hour and today I got certificate and other docs by e-mail, everything fine.

 

[JohnLocke]

I got my Seychelles corp within an hour and today I got certificate and other docs by e-mail' date=' everything fine.[/quote']
Sometimes it does not take much longer for an offshore company in the Seychelles (IBC) to be incorporated. However, it will take a few days or longer before the incorporation documents are ready.
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[protain]

Most are going the route offshore because they want to avoid to pay tax and because of anonymity both can't be done in Onshore companies!

 

[JohnLocke]

Most are going the route offshore because they want to avoid to pay tax and because of anonymity both can't be done in Onshore companies!
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That's almost true.. actually a Cyprus company is not really considered to be an offshore company but more like an onshore company in an low tax jurisdiction.

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[Spinat]

You may either go with a UK or Cyprus company if you wont go the route of going offshore.

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[jorge]

You can only avoid corporate tax when you register a off shore company, it's not personal income tax! That said you can establish a great off shore setup and visit the countries from time to time to cash out at the ATMS!

 

[marcel]

Depending on how you structure your company and what banking you got for your company it's possible to get things done in a way so you can take certain amounts out without to pay tax. If you find a very good tax lawyer you will even have him to help you take larger amounts out of the company and bring it to your home country and still don't have to pay tax!