What is an offshore company or an offshore area?
An offshore company (or Non-Resident company) is a corporate legal entity registeredby non-resident owners in countries or territories which do not tax the income earned outside of their territory. Sometimes, even the locally earned income is not taxed. These countries are called "offshore areas".

The expression "offshore" comes from the fact that the first non-resident companies were located on islands offshore of Europe and the United States of America.

The best known offshore areas are the Isle of Man, the Channel Islands, Gibraltar and certain jurisdictions located in the Caribbean or the Pacific Ocean. But some territories of western countries are also registering non-resident companies such as Irelandthe US State of Delaware. Offshore facilities are also provided by Special Economic are also provided by Special Economic Zones or Free Zones, like the Jebel Ali Free Zone in the United Arab Emirates.
 
  What are the advantages of an offshore company?
The first Offshore companies were created to allow their owner to avoid the high taxation of their income by the countries of their usual residence (EU,UK, USA). It isstill the main purpose behind the establishment of an Offshore corporation.

As formal owner of property, the offshore company can also be used to protect the owner's assets from litigation and liability. It is also providing a high level of confidentiality for financial and business activities.

Offshore areas are usual countries of political and economical stability and have reliable and strong legal systems which assure additional protection and security to the owner's assets and interest.

Finally, there is no limitation on the nationality of the non-resident owner of an offshore company. The offshore company can itself be used as a legal entity in a third country which may have restriction about the citizenship of individuals wishing to do business in their territory.
 
  Procedure

Setting up of an offshore company could be a complicated process although it can be done in a very short time and the initial costs are reasonable. Since there is no actual operations in the offshore area, the annual cost to maintain it is minimal.

The choice of an appropriate location and type of offshore company depends on the specific characteristics and needs of its owner.

  We list below the main offshore jurisdictions with which our firm processes incorporations:

1. BRITISH VIRGIN ISLANDS - CARIBBEAN
2. DELAWARE, USA & NORTH AMERICA
3. GIBRALTAR - EUROPE
4. HONG KONG
5. MAURITIUS
6. NEVIS - CARIBBEAN
7. TURCKS & CAICOS

However, when it is preferable to our clients, we are also able to incorporate offshore structures in other jurisdictions. Furthermore, our law firm is al agent for Jeble Ali Free Zone Offshre UNITED ARAB EMIRATES

Our firm can advise you of the advantages of registering an offshore Company, In a specific jurisdiction and we can secure the proper registration and operation of your new corporation.

 
For more details, please send us an e-mail or contact us.