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Creation of an Offshore Company

Discussion in 'Business & Tax Advice' started by TheMasterOfMoney, Apr 7, 2013.

  1. TheMasterOfMoney

    TheMasterOfMoney Jr. VIP Jr. VIP Premium Member

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    Hey guys,
    I was wondering knows about reliable companies that setup offshore companies. I am not in the States so I am not interested in US services, but mostly interested in BVI companies. I searched for hours and every company I find has negative reviews somewhere, and I don´t want to expose all my information to someone who would run with my money or don´t know what he is doing.

    Thanks!
     
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  2. lancis

    lancis Elite Member

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    Avoid Trident Trust (or any lawyers working with them), they will waste your time and money.
    Personal experience here.
     
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  3. TheMasterOfMoney

    TheMasterOfMoney Jr. VIP Jr. VIP Premium Member

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    Thanks for the advice, will avoid them.
     
  4. fzw_simon

    fzw_simon Newbie

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    Hi Sir,
    This is Simon from Sinovantage Consulting Investment Limited, we are a financial consulting firm based in Shanghai, Beijing, Shenzhen and Hong Kong. We are a service provider for offshore company registration and corporate account opening. Please feel free to contact us for further information.

    Best Regards,
    Simon
    Sinovantage Investment Consulting Limited
    Incorporation - Tax & Accounting - Business Immigration
     
  5. bryanon

    bryanon Executive VIP Premium Member

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    I've used A&P Intertrust (http://www.apintertrust.com/) for incorporating / bank introductions a few times and had very positive experiences with them. They're based in Canada so if you're based in Europe then time zones may be a bit of an issue but apart from that everything's been extremely smooth with them.
     
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  6. TheMasterOfMoney

    TheMasterOfMoney Jr. VIP Jr. VIP Premium Member

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    Thank you very much, I think I will go with them, I just read their website and have very good deals. :)
     
  7. 4offshore

    4offshore Newbie

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    "run with my money" ... Gosh, you are very trusting person!
     
  8. stevenzhang

    stevenzhang Newbie

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    Hi, I have the same problems in the past years. I am French, but live in Asia in most time. I am engaged in trading business in China, Japan as well as South Korea and EU.

    Personally, I have some difficulties in international collection and payment. But I incorporated a Hong Kong Company Last December with a Hong Kong company formation agent (co123.cc) and opened a corporate bank account in HSBC.

    For this kind of bank account, there is no foreign exchange control and money gets in/out freely. Hope it can provide an example for you!

    Regards,
    Steven
     
  9. infoasian

    infoasian Supreme Member

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    In my experience you want to avoid all those service companies. Most of them are extremely shady. You certainly don't want a shady company to look at your passport copy or account statements. Look up the yellow pages in your country of choice, research good lawyers and use them. Alternatively, seek advice of senior bankers if you have access to them.
     
  10. stevenzhang

    stevenzhang Newbie

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    Actually, according to my view, choosing a service agent or a lawyer depends on your intention and plan. For example, if you just want to set up an offshore company and a bank account for your trading business or investment proposal, I guess a service agent is enough as they offer competitive prices compared to lawyers and CPAs. However, if you plan to set up offshore trust and wealth protection or IPO, a lawyer or a CPA is highly recommended.

    As for me, I just need a company for trading, therefore I paid co123.cc about USD 450 for setting up a Hong Kong company. It worked fine.

    Hope you can make a good decision!
     
  11. Alpha.

    Alpha. Power Member

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    450$ for WHAT exactly? A one-time fee for the founding of a ibc? Or a national company? With/without a bank account? What about the yearly costs of a registered agent? taxes? etc etc etc..

    Sorry pal, but we're talking about offshore companies here and you will NEVER get those for 450$
     
  12. darwin33

    darwin33 Newbie

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    I often incorporate offshore companies (seychelles, hong kong, singapore mostly) and and a 450$ registration fee and 1 year company fee is too low to be true. for HK company is around 700 Euro. You need to visit HK in order to open a bank account. don't do all things remote is a risk of losing control of the bank account.