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Registration and support of the activities of foreign companies

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Published: 12.12.2022 167

Registration and support of the activities of foreign companies is the registration of IBC – a quick and easy process. If the jurisdiction has introduced legislation for registering an IBC, a foreign company can be successfully registered by a non-resident. Registration of an IBC is easy, in some offshore jurisdictions this process takes several days.

In most offshore jurisdictions, only one shareholder and one director is required to register an IBC. The same person can play the role of shareholder and director.

Offshore companies are not required to disclose any information about shareholders and directors and other information in any publicly available documents, it is allowed to further increase confidentiality by using our services of nominee directors and shareholders.

Many offshore jurisdictions require a person wishing to register a foreign company to hire a registered agent who is a local person or company licensed and authorized by the government to provide offshore services. The registered agent prepares the incorporation documents on behalf of the international business company and submits them to the local Registrar.

Consultway provides its clients with such services.

Portal experts will advise and help on all issues related to the registration and support of companies in foreign jurisdictions. Many years of experience and proven quality of service of the team of corporate lawyers is confirmed by more than 10 years of experience in the field of professional corporate services.

Basically, a private foreign company must have a local registered office and at least one director with no nationality requirements. However, the generally accepted practice (related to taxes) is that the majority of directors are required to be residents. The firm is required to keep accounting records in accordance with International Financial Reporting Standards (IFRS). Must meet annual tax and limited compliance requirements.

We provide incorporation services, local office address, professional directors and (resident) secretaries, ongoing compliance services and general transaction services. Through our partners we are ready to provide accounting, auditing and taxation services.

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