Registration of offshore company

Registration of offshore company

By registration of an offshore company (creation of a new offshore company) or a non-resident company through FORPOST Legal Consulting Firm, our client would receive the optimum tools for solution of the own business problems.

Since 1993, our experts have accumulated the unique experience in relations with the offshore zones and other jurisdictions for development of the business schemes for the Russian clients and creation of legal entities in the offshore territories with respect to the certain goals and objectives of our clients.

FORPOST Legal Consulting Firm offers, first of all, a complex approach to solution of any arising or foreseen problems. In the ideal case, our client relations are established on the basis of the following final objectives:

• our client together with the experts of FORPOST Legal Consulting Firm will formulate the final objective or problem to be solved and results to be achieved by registration of a non-resident or offshore company;
  
• we will determine the priority guidelines of work;
  
• we will develop the most promising schemes for solution of the given problems and versions for achievement of the agreed objectives (selection of the certain offshore zone or non-offshore jurisdiction);
  
• together with the client, we will develop the optimum way of solution in the given certain situation; and
  
• if necessary, the experts of FORPOST Legal Consulting Firm will realise the developed scheme.
  

Our complex solution of the client's objectives for registration of an offshore company and further use thereof may include the following services:

• full complex consulting services for development of the scheme, taking into consideration the specific features of the certain jurisdiction, tax components, interactions with Russian persons, selection of jurisdiction and legal organisation form;
  
• provision, if necessary, the fully anonymous control over the non-resident company (trust administration, nominal service);
  
• assistance in opening accounts with foreign banks;
  
• Russian translation of the constitutive documents of the company to be created;
  
• assistance in provision of services by the notary public; and
  
• administrative and other related services.
  

Registration of offshore companies: goals and objectives

Registration of an offshore company (sometimes briefly referred to as offshore) or a non-resident company may be accounted for by the two following objectives:

• protection of capital investments; and
  
• tax planning, i. e., legal optimisation of the taxable base (not to be confused with illegal deviation from payment of taxes!).
  

In the literal sense, the offshore business means any business beyond the territory of the coast (fiscal) shelf. In some countries, legislation excludes or minimises taxation of the legal entities created under the national laws and, generally, provided that their business is carried abroad.

Registration of offshore companies became widely popular both in the former USSR countries (due to political instability, monetary restrictions, organisational flexibility of such companies in the course of foreign trade business) and all over the world.

Offshore company (offshore)

The offshore company (offshore), which is created for the business optimisation, may be used for the following purposes:

• holder of expensive property (commercial real estate, securities, etc.);
  
• offshore company (offshore) as the trademark holder and licenser will enable to minimise the tax payments by careful application of treaties for avoidance of double taxation;
  
• holder of copyrights (related rights);
  
• holder of bank account;
  
• offshore company as the investor may be necessary for legal import of assets from abroad to Russia;
  
• offshore company as the pledgee will enable to secure the property from charges and confiscation;
  
• creation of an offshore company as the ship owner will enable to borrow significant funds fro foreign financial and crediting institutions under pledge of ships;
  
• use of an offshore company (offshore) as the principal in any building business will enable to optimise the tax payments in the course of the said building business in Russia;
  
• offshore insurance company will enable to export legally financial funds abroad; and
  
• offshore company as the trade agent.
  

Opening accounts with foreign banks
Opening bank accounts with foreign banks is a procedure, which requires a lot of work and time. The assistance, which is provided by the experts of FORPOST Legal Consulting Firm to open accounts with any foreign banks, will solve numerous problems. We will help you to select a bank to be optimally suitable for your purposes and provide all the necessary information, as follows:

• account opening and service provisions;
  
• account types;
  
• minimum average monthly balance;
  
• Russian-speaking personnel;
  
• crediting systems;
  
• account management facilities;
  
• account service fees;
  
• deposit interests;
  
• special requirements; etc.
  

Some banks permit to open an account in the absence of the client; in this case, we will provide you with the necessary references and prepare all the necessary documents.