Offshore Company? What is it?

Normally what people mean when they talk about an Offshore Company they mean  a company incorporated in an Offshore jurisdiction taking advantage of a potentially profitable taxation setup for non residents. (Another type of offshore company is a company having or managing oil rigs offshore). An offshore company has a few domiciles or jurisdictions over the world, read more further down.

Offshore Jurisdictions

A lot of the current offshore financial centers are currently or used to be Brittish colonies.  Here is a list of a few of the most famous offshore Jurisdictions and their domiciles. Offshore companies can be domiciled here:

• Bahamas
• Bermuda
• Brittish Virgin Islands (Based in the carribean also known as BVI)
• Cayman Islands (carribean)
• Hong Kong
• Jersey
• Luxembourg (not as good for Europeans as it used to be currently)
• Singapore
• Panama

Why people incorporate offshore companies?

There are many reasons why some people choose to incorporate offshore companies.  Below we mention a few of these reasons.

• Asset protection – Rich people living in political unstable countries.
• Derivates trading – Trading in the extremely risky derivates can be handled offshore.
• Joint venture setups – for any venture looking to join forces, an offshore jurisdiction can apply for some.
• Boat or plane registrations – Some offshore jurisdictions are beneficiary for such commodity owners.
• Banking – Tax free profits on any income deriving from offshore (outside of the jurisdiction).

Offshore Company Bank Account

An offshore company bank account is a bank providing accounts to clients in an offshore jurisidiction mentioned above. They can have many advantages such as forex trading, anonymous credit cards, stocks and bonds trading. An Offshore company bank account provides great asset protection for the company owners and is used world wide. Panama ibc provides such services, read more under Prices.

Panama Off shore Companies

Panama is part of such an off shore company jurisdiction. A Panama offshore company is incorporated very fast using our incorporation agents. Once you have provided the payment to us and provided the necessary due dilligence about you as a person and what business you will be conducting in your offshore company. Your Panama offshore company will be incorporated in about 10 working days. Once documents are created we can email them scanned to you immediately and same time have them couriered to you. If you also applied for our offshore bank account application please give us around 15-20 days extra for opening of the offshore bank account.
Read more about our services and prices on the Price page.