Going Offshore
Quick Answers

What is an offshore company?

An offshore company or corporation is the same as any other company in that it is an entity recognised by law as a separate “entity” with limited liability. As such the company has the option to sell shares, the right to sue and be sued, and has perpetual existence. An IBC (International Business Company) is the most popular type of offshore corporation for asset protection and privacy purposes. An IBC is usually a tax-exempt corporation that can do business all over the world except in the country where it has been incorporated. Popular IBC jurisdictions include the British Virgin Islands, Belize, Nevis, Cook Islands and the Seychelles.

Apart from the traditional offshore centres, many ‘onshore’ jurisdictions have corporate structures that are attractive to international users:

UK LLP, US LLC, Scottish Nd Northern Irish LLP, Canadian LP, Hong Kong Limited Companies and some EU companies are all examples of domestic structures of particular value for international tax planning purposes

What are shelf companies?

Shelf companies are ready-made, never-used corporations that have been established to meet a client’s immediate needs. We maintain a list of over 500 well-named companies available to trade immediately.

How long does it take to set up an offshore structure?

International Business Companies can usually be set up within two working days on condition of receipt of all the required information from clients.

What are the costs?

Company formation fees, recurring annual fees, and administration costs vary from jurisdiction to jurisdiction; however, Atrium & Associates is proud to offer some of the most competitive prices in the world market.

Where should I incorporate?

Most offshore jurisdictions are free from foreign exchange controls and have introduced company legislation to cater for a diverse range of international business requirements. It is important to select a jurisdiction that is well-suited to your specific corporate and personal needs.

Is my privacy protected?

Whilst we respect and honour the confidentiality of our corporate clients, we are committed to carry out a thorough due diligence of both our clients’ identities and the nature of their business. Our clients must disclose to us both the reason for setting up an offshore entity and the type of business the offshore entity is likely to conduct. We are obliged to monitor and ensure that the activities of the offshore entity do not breach any international regulations, and our clients are required to execute management agreements with Atrium & Associates. This formal approach to due diligence benefits all parties.

Who will maintain the offshore structure?

We have offices in most major financial centres and can undertake a client’s company administration in accordance with corporate requirements. In addition, we can arrange accounting, audit and legal services, provide local management and assist clients in obtaining a license from the regulatory authorities.

How do I proceed?

Use our ordering facilities to instruct us to set up the solution and put administration and support services in place. Choose the option that suits you best: Speak to an Atrium & Associates consultant.

Tell us a little about your requirements or the information you require and a consultant who speaks your language will contact you directly to discuss and establish the best solution to meet the challenge of your particular situation. Ask us to contact you

Shelf and aged Companies are previously formed companies also known by a number of terms, i.e. Shelf or shell (usually refers to publicly traded) or aged or seasoned companies, corporations, limited liability companies or partnerships or combinations of terms.

Our pricing structure is complete, which means that the corporate status with the Registrar of Companies is current to include Director Filings, Resident Agent service, Office Identity and the conversion or opening of a bank account as required. There are additional services which may be required.

Please note, though, that supply of aged companies is strictly limited and opting for a specific vintage corporation will incur a surcharge. Generally the incorporation price is the same, but you will also need to pay the accrued annual fees from the time of incorporation of that company, up to date.

Please do not hesitate to contact us should you have any specific enquiry or question.

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