Are you asking yourself - "Is the cost of incorporation more than the amount of wealth I will save?"
How can your cost of the offshore package be minimized? Are you looking for the 'best incorporation'? Or a 'cheap incorporation'? What will be your total incorporation fee?
All companies cost money to start and then to maintain every year. Incorporated offshore or locally. In the offshore package, there is the government registration or incorporation fee, the registered office to be maintained, sometimes accountants have to be paid for audits, nominees are hired as directors and /or shareholders. The legal requirements of the country you want to use the company in will require attestation by way of notarization or Apostille.
Let's look at the various elements of the cost of incorporation.
1. The country of jurisdiction [in which country the company is incorporated] determines the basic incorporation fees. Some of the other fees related to administration costs are higher in the higher cost of living countries.
2. The degree of anonymity you need - which will add the cost of hiring nominee directors or shareholders and whether they are persons or companies.
3. And the country in which you want to use the offshore incorporated company. e.g. a country that simply accepts an Apostille notarization is the cheapest incorporation. Then places like Dubai, United Arab Emirates, wants documents to be attested by the UAE embassy nearest to the jurisdiction of incorporation. The fee for this climbs by a few thousand dollars and the time taken by a few weeks!
4. Lastly, there are the double tax treaty companies. If you are planning to invest in a business in a specific country then it is best to check which tax haven has the best double tax treaty with your country of choice.
For example, Mauritius has good tax treaties with India, China, Sri Lanka and South Africa.
But these treaties apply to resident companies only. NOT offshore or Free Zone ones!
And these companies are more expensive! For example we could do a simple offshore company in Mauritius for around US$ 2000. But the cost of incorporation for a resident company could be around US$ 11000!
Of course, when your investments are in hundreds of thousands of dollars or more, then the benefits are several times greater than the costs, and the cost of incorporation for resident companies become worth every penny.
So, use this check list to ask your self:
1. Why am I doing the offshore incorporation?
2. Do I want to incorporate a business in a double tax treaty country?
3. What will the corporate incorporation do for me?
4. How much anonymity do I want or need?
5. What documents are required by the country I want to use the new incorporation in?
6. Finally, how much money you want to invest via this new limited liability corporation in an offshore tax haven?
We are located in Dubai, and near Ras Al Khaimah [RAK] in United Arab Emirates. The weather is hot and hotter and is below:
Click on any of the links below for more information on cost of incorporation in different paces and offshore incorporation in general.
resources for incorporation. Which One Should You Choose? An Easy Guide To Resources For Incorporation That Are Exactly Right For YOU.
The costs of a small incorporation are insignificant compared to the wealth you will protect! And you can even think about incorporation offshore, regardless of your size.
business incorporation information: All the basic information you need to know to get started. Incorporation is the process of forming a company.
sample incorporation documents See What They Look Like! Information like this has made incorporation easier and cheaper.
The advantage of incorporation is mainly to save and protect your wealth. Whether it is a registration offshore company, or an incorporation of a business in your country of residence.
incorporation in other countries Look At Easy Offshore Incorporation In Tax Havens. Why you should look at incorporation in other countries.
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Watch the video below about offshore incorporation, for a brief synopsis.