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Tax Engineering

Company registration

Registering a company abroad is not a complicated task but we recommend to take precautions is terms of privacy and obligations that you contract. Offshore companies are entities that are regulated by the commercial registers of a country of registration, generally free of taxes. Depending on the use that is going to be given to the company, an offshore company can be registered in an anonymous or public way. That is, if the country considers that its commercial register is private, as is the case, for example, with Belize, Panama or Saint Vincent and the Grenadines, the company will be anonymous for all purposes and when a person or entity consults the mercantile registry of the country will not appear any data related to the company. However, if the country considers that its commercial register is public, such as in Hong Kong, the person or entity that consults the data will see all the data of the final beneficiary. Is the information about the company automatically reportable? The answer is No. The offshore and onshore companies are not automatically reportable, that is, the commercial registry of a country will never report information of the final beneficiary to other tax agencies. The automatic information treaties only affect the bank accounts and not the offshore companies regardless of the share capital with which they are incorporated.

The registration of a company should be done well and since with this registration the client contracts annual obligations set by the government of the country where it has been registered. Annually for a company to be active the client will have to pay the fees imposed by the commercial register to continue benefiting from the tax exemption. In this way you can request any type of certificate that may be required in other countries, such as the "Good Standing" certificate or apostilles of the "Certificates of Incorporation". When closing an offshore company it will be essential that the company has paid all the fees because if not the company could not be closed and it would remain as an abandoned company with debts incurred. This may cause many problems in the future when registering another company in the same country or opening a bank account in the same country. 

In this section you will learn what is an offshore company, how offshore companies are used, how to register legally a company, how to renovate a company or close it temporarily or forever.

How can I buy an offshore limited company?

When you buy a private limited or a ready-made company you must take into account many factors and first of all you have to take your time to investigate what exactly you are buying. Limited private company is a figure of Mercantile Registry in which the partners (individuals or legal entities) buy shares of capital stock of a company through shares. These shares may have different and favored values as set out in the articles of incorporation of the company. The key feature of private limited company is the responsibility for the debts of the shareholders to the company: the shareholders are in no way responsible with their private assets for the debts that the private limited company may have and will only respond with the capital provided at the moment of its formation.

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Cost of registering an offshore company in Panama?

The cost of registering a Panamanian company is quite low and varies according to the characteristics of the future company, for example, if you need "Nominee" services, the price will increase considerably. If a client requires an offshore company in Panama without Nominee services the price would be 2395 euros, if he wants a Panamanian company with services nominee the cost will increase to 3395 euros. Note that the Nominee services that we offer are specialized in Trust and wealth protection.

Referring to the taxes that the ISR will make you pay, they depend on the benefits that Panamanian company has throughout the fiscal year. I understand that Mexico will force you to pay taxes on all worldw

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Certificate of incorporation of Costa Rica

Please find bellow an example of certificate of incorporation of a company registered in Costa Rica.

Certificate of incorporation of Costa Rica

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Certificate of incorporation in Cyprus

Please find bellow an example of certificate of incorporation of a company registered in Cyprus.

Certificate of incorporation in Cyprus


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Certificate of incorporation in Delaware

Please find bellow an example of certificate of incorporation of a company registered in Delaware.

Certificate of incorporation in Delaware


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Certificate of incorporation in Panama

Please find bellow an example of certificate of incorporation of a company registered in Panama.

Certificate of incorporation in Panama

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Certificate of incorporation in Seychelles

Please find bellow an example of certificate of incorporation of a company registered in Seychelles.

Certificate of incorporation in Seychelles


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How much does it cost to protect my heritage?

It is quite cheap and easy to protect your heritage. The basic offshore structure in Belize for the protection of individual's funds and assets would cost 1,395 Eur with an annual cost of 995 Eur for maintenance and annual renewal of the company. Of course, this cost can increase according to the complexity of the offshore structure that the client needs.

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What is a SICAV?

The most important SICAVs in the European Union, due to its favorable taxation, are those registered in Spain and Luxemburg.

The SICAVs are a type of special partnerships and investment vehicles targeting large fortunes in order to invest it globally in real estate and stock exchange. The term SICAV comes from French and stands for “Société d´I nvestissement à CApital Variable".

The SICAV pays 1% of tax on earnings generated during the fiscal year. This special tax is effective if the generated profit stays in the investment company. If the profit generated by the company pays dividends among the 100 members, than the tax rate shall be equal to a Spanish corporation, i.e. 30% of the generated profits.

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Certificate of incorporation St. Vincent and the Grenadines

Please find bellow an example of certificate of incorporation of a company registered in St. Vincent and the Grenadines.

Certificate of incorporation in Saint Vincent and the Grenadines

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Certificate of incorporation of Belize

Please find bellow an example of certificate of incorporation of a company registered in Belize

Certificate of incorporation of Belize

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Can I buy a property with my offshore company?

These and many other questions rise up when deciding to buy a property in your country of residence or in offshore jurisdiction. An offshore company can buy a property in any country but VAT taxes will have to be paid in the country where the transaction takes place. Once the offshore company becomes the owner of the real estate, it can claim these taxes from the tax agency of the country where the purchase was made since the company is not the resident in this country and does not do any type of commercial activity there. Therefore, it cannot be treated a tax resident. Once the offshore company requests the tax refund, the fiscal authorities verify that none of its members (directors / shareholders) are residents of the country where the purchase was made. Once all the

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Requirements to register an offshore company

The requirements to register an offshore company are the following:

Requirements Copy of Passport
Apostiled and certified by a notary
Copy of Personal Identity Card
Apostiled and certified by a notary
Copy of one utility bill not older than 3 months
Electricity, water, gas, telephone or bank statement.
Bank Reference or bank certificate not older than 3 months
In English


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Minimum amount required to register an offshore company

Opening an offshore company or foundation is very cheap and easy. Depending on your needs you should carefully consider the most comprehensive packages to obtain better results. If you are interested in protecting your family you can purchase a Panamanian foundation of private interest or if you prefer to open an international business you can buy the Package Offshore Company in Panama. In this way the tax savings and protection will be total.

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The best jurisdiction to protect your assets

The best offshore jurisdictions for asset protection are Hong Kong, Belize and Seychelles. Most tax havens are equal in terms of their tax laws and services. Certain tax havens have developed a bad reputation due to the abuse of certain elements of the offshore industry, but most of the tax havens that are currently available are quite safe. According to any financial plan it is better to use a mixture of jurisdictions choosing the best of each.

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Public information about an offshore company

The information that we could find in the commercial register if we requested it would be: the full name of the company, the date of incorporation, auditing reports, and any other public information. For example, in the case of Nevis (one of the safest and most secretive jurisdictions in the world) when the company is registered there is no requirement to include the names of the officers, directors or shareholders of the company in the Public Registry. Such information is confidential and cannot be disclosed by any official, lawyer, notary etc. Otherwise when revealing this information they will have a penalty of jail and high economic sanction. In Panama

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How to use offshore companies?

Offshore companies are used to issue shares, bonds, increase or decrease capital, guarantee obligations, employ, buy and sell goods and services, make contracts, rent offices, maintain bank checking and savings accounts, maintain retirement plans for employees and managers. Also offshore companies are used to own other companies and operate in both national and international businesses. Although most companies are private and managed by the beneficial owners or managers themselves, others are public and can negotiate in the stock market.

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Is it immoral to choose offshore for assets protection?

No, it is not immoral to protect your assets by moving them to offshore. It is the most logical and professional way to protect your assets for what may happen in the future: divorce proceedings, misappropriation of the real estate or economic destruction of the beneficiary. Some people let the system go for their assets having them in sight. This is your choice. The protection of assets by moving them to "offshore" is between both alternatives and there is nothing immoral in this option. We must protect the assets obtained thanks to long hours of work to be able to enjoy them and our family in the future.

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Tax evasion

Tax evasion is the illegal behavior of an individual or company by not paying their taxes. However, tax avoidance is the main foundation of tax planning and is the use of legal resources to get the minimum tax payment. Therefore, when we speak of avoidance we mean a legal tool that allows the taxpayer to avoid paying taxes or lower them. All the governments of high-tax countries enclose this type of legal structures.

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Setting up an offshore company

Setting up an offshore company is simple but you have to take into account the obligations contracted by the directors and shareholders of the company. If by your circumstances you cannot maintain the company, the money deposited in the bank will still be yours even if the company is not renewed. What can happen is the following: you stop paying the renewal fees of your company and at some point the bank, where you have your business bank account, asks you for a "Good Standing" certificate to verify that your company is up to date with the payment of your tax obligations. If you don’t present that certificate, that can be issued only by the government of the country where your company is registered and only after all the fees are pai

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What is a fiduciary company?

A fiduciary company is a vehicle of patrimony protection highly recommended to safeguard properties in the country of residence of the owner and abroad. The fiduciary companies are very common in inheritance planning and it is a very good option to avoid problems between heirs and to give anonymity to the final beneficiary of the company. The best jurisdictions to establish your fiduciary company are: Panama, Belize and Liechtenstein. You can read more on related terms in “Who is a fiduciary?” and in “Trusts”.

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Is it legal to move my assets to offshore?

No, it is not illegal. To move your assets offshore for diversification or protection is 100% legal and there is nothing illegal in the mobilization of assets to "offshore". You can have offshore companies, offshore bank accounts and real estate in any country of the world without committing any fiscal crime.

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Tax investigation

Offshore companies and private foundations are legal. Therefore, they are not causes of investigation by the tax authorities if everything is declared correctly. Money laundering activities of illicit origin are the activities pursued by the tax agencies.

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Do I have to travel abroad to register an offshore company?

No, the client will never have to travel to another country to set up an offshore company. The registration of the company is processed online and without physical presence of the client in the country of incorporation.

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Is the share capital represented by bearer shares?

Depending on the jurisdiction you wish to invest in, the shares may be nominative or bearer. Let´s take a look at Belize, where both types of shares are allowed, as an example. Currently Belizean banks do not favor this kind of legal structures because they are considered high risk and if you require banking services you may be denied the opening of the business account having bearer shares. In the not too distant future it is possible that the bearer shares will disappear at all so that the companies that have issued this type of shares wouldn’t be able to carry out commercial activities in the main markets of the United States and the European Union.

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How to close an offshore company?

Closing down an offshore company is the process of liquidation of a company (or a part of it) and distribution of liabilities and assets that company possesses. The term “closing down a company” can also mean the dissolution of a company. However, technically speaking, the dissolution is the last phase of the whole process of closing down an offshore company.

The procedure for closing an offshore company highly depends on the country where the company is registered, its laws and governmental regulations. In some countries such as France and Spain the process of closing a company can be overlong and expensive. But in other countries, such as Belize or Seychelles, the same process is much simpler and consists of paying the closing fees and

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The registered address of an offshore company

It will be considered that the offshore company has the address of the headquarters where the effective administration took place. The financial institution where the company has a bank account, the post office boxes or addresses used to receive correspondences will not be considered as effective administration address. The exception of this rule is when the address used by the company is the only address it has and it is listed as the registered office in the official documents of the company. Nor is the headquarters address considered if a natural person receives all correspondence from the company and then sends it back.

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What is a linked company?

A company will be considered as linked when it participates in administration or has at least 50% of the capital or 50% of the rights of another company. The links between two separately registered companies is not illegal but you have to be careful when filing corporate taxes as it can lead to misinterpretation and cause the final beneficiaries problems with their tax agencies. We advise to create correctly the contracts between both companies and make it very clear what activities the companies develop and what is the objective and functions of a linked company. The linked operations between companies may have the objective of reducing the liability or the co

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