Establish an offshore company with a bank account by filing entity formation documents with a foreign government. Each regional government creates and enforces its own entity formation regulations. Research the taxes and regulations of various foreign jurisdictions to determine the best jurisdiction for your offshore limited company (LC).
Instructions
- Download or request a copy of your selected jurisdiction's registration forms for limited companies. The forms and instructions are available on the website of the government agency that supervises and authorizes entity registration. In the U.S., for example, company registration forms are provided by the secretary of state's office.
- Check the availability of your future LC's name. Most jurisdictions provide a company name search tool on their website. Depending on the agency's particular naming regulations, you may required to include "limited," "Ltd." or "LC" in the company name.
- Complete the limited company formation forms by entering all requisite information in the space provided. Most jurisdictions also require you to list a registered agent, a certified individual or company that receives and transmits communications from government authorities.
- Enclose the fee for your formation filing. The amount and options for this payment can be found on the form itself or the appropriate government agency's site. Mail the filing to the address listed on the form. Most jurisdictions notify you when they receive your filing and again when registration is complete.
- Open a bank account with your company's legal identity, including its name and address. Choose a bank with policies and services that match the needs of your offshore limited company.
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