- info@kaizencpa.com
- Our Office: USA - Hong Kong - Shenzhen - Shanghai - Beijing - Taiwan - Singapore - Japan - UK
+852 2341 1444(Hong Kong)
Search for anything.
Knowledge
- Home
- Knowledge
- Offshore Company
Directors and Officers of Offshore Company
In accordance to the provisions of the Memorandum and Articles of Association, that shall include details of the duties and rights of the directors in related to maintain the affairs and activities of the company, also responsible for compliance of the provisions of the company and the laws in the jurisdiction.
Shareholding Structure of an Offshore Company
Offshore companies, like onshore corporations, use shares to reflect their ownership. Shares are in essence units of internal accounting, which represent a participation of an owner in the company. Taking (or buying) a share in a company means simply that a person has agreed to invest some of his personal money, or assets, or intellectual rights or property into the company.
British Virgin Islands International Business Companies (“Ibc”) Maintenance Guideline
This company kit includes five copies of the M&A of which two have been stamped by the BVI Registry. Further copies are retained by the Registered Agent and the Registrar of Companies in the BVI.Any amendments to the M&A may be passed by resolution of the director(s) or shareholder(s) and must be filed with the Registrar of Companies in the BVI. Amendments are NOT effective until so filed.
BVI Company Registration and Maintenance Guide (11) - Directors and Officers
Subject to any limitations or provisions to the contrary in its memorandum or articles of association, the business and affairs of a company incorporated under IBC Act shall be managed by a board of directors that consists of one or more persons who shall be individuals or companies.
BVI Company Registration and Maintenance Guide (12) – Books, Records and Common Seal
A company incorporated under IBC Act shall keep such accounts and records as the directors consider necessary or desirable in order to reflect the financial position of the company. A company incorporated under IBC Act shall keep minutes of all meetings of directors, members, committees of directors, committees of officers, and committees of members, and copies of all resolutions consented to by directors
Features of Belize Ready-Made Company (Shelf Company)
Ready-made, or "shelf" company refers to International Business Company (IBC) that is already incorporated and available for immediate purchase. This type of company has not done any business, have not entered any dealings or obligations. A company with an older registration date may be acquired, which may be useful by adding a certain "age" and it is not labelled as “newly incorporated”.
Major Features of Belize Company
Belize (formerly known as British Honduras) is an independent democratic Commonwealth country located on the Caribbean seaboard of Central America. Since independence from Britain in 1981, it has enjoyed a stable and democratic Government. The cabinet, under the leadership of the Prime Minister, directs the policy of the Government which consists of the Prime Minister
Comparison of International Business Company and Special Licence Company in Seychelles
There are two different types of offshore companies available in Seychelles, namely Special Licence Company (CSL) and International Business Companies (IBC). It is important to decide carefully when selecting the type of company for incorporation. This type of company would be the preferred choice for clients planning business transactions with counterparties who are located in high-tax region with an intrusive regulatory environment.
Introduction to Seychelles Special License Company (CSL)
The Seychelles CSL (Special License Company) is a local tax resident company specially licensed by the Seychelles International Business Authority (SIBA), which is taxed at a rate of 1.5% of its worldwide income. It is registered as a normal domestic company under the Companies Ordinance 1972 but granted a special license by the Seychelles International Business Authority (SIBA) granting the special tax status and extra privacy provisions.
Seychelles - International Business Companies
Seychelles International Business Companies, International Business Companies (IBCs) is the most prevalent and flexible offshore formation type in Seychelles, which designed for engage in international trading and investment activities. There IBCs are exempt from taxation on business activities or transactions outside of the Seychelles.