Priority Business Areas for Foreign Offshore Companies

Multinational corporations and offshore companies are rather widespread, and allow optimizing taxation and operating costs of a business group in general. Offshore companies are a powerful instrument of most successful business persons and investors who effectively use their advantages and benefits.

Many jurisdictions with zero tax rates have managed to make entire industries provide exclusive financial services, from tax shield and financial security to efficient asset management and high confidentiality. Company headquarters in such a country gives businesses significant financial advantages, opportunities to diversify the assets and reduce the tax burden. 

Priorities for offshore companies

Please do not hesitate to contact our experts to get the best offer for setting up an offshore company with an account after we review your case. 

Who Will Benefit from an Offshore Company with a Business Account? 

If we consider international business persons and investors, we can distinguish three main areas of their operations abroad:


Trade, export-import operations, sale and purchase transactions (with offshore companies having a 60-70% share).


Holding structures where assets are kept on the offshore company balance sheet for a long period of time, i.e. more than a single reporting period (15-20% of the total number of companies).


Capital accumulation with its further use for personal purposes or business investments.

Internet trading can benefit from setting up an offshore company. Internet traders can use such a company to manage their web resources and maintain the domain name. In this case it is best to register the headquarters in an offshore jurisdiction. 

If we consider business areas in general, offshore company will be an effective instrument for multiplying your capital in the following fields:

  • transactions with securities;
  • various know-how;
  • software, patents, other intellectual property;
  • insurance and reinsurance;
  • consulting;
  • real estate transactions;
  • holding operations;
  • banking;
  • export/import operations;
  • tourism;
  • investments;
  • legal and auditing services, management;
  • marketing;
  • transport/shipping operations;
  • agency, etc. 

It was to create a favorable tax environment that certain jurisdictions have reduced their tax rates as much as possible, which allows most of the profits to be reinvested in your business. If we consider the list of offshore companies involved in international trade, this is an excellent opportunity to save significant amounts having built the right international structure.


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Yet another rather attractive side of such organizations is the access to financial systems with high interest rates.

Please submit a request to get an appointment with an expert on building the effective and profitable business. Customizing your corporate structure will allow you to get the maximum protection while optimizing your taxes globally.  

Advantages of Using Foreign Offshore Companies    

It is not uncommon for investors and business persons to use offshore companies for inheritance purposes. This is a great opportunity to avoid the restrictions imposed by the inheritance laws in one’s home country. Such a company always maintains an active status provided that the required fees are paid on time. In order to optimize your tax responsibility, you can open an offshore company with a business account, and combine it with a trust or a fund.  

You may find the following advantages of incorporating companies in offshore jurisdictions:

  • access to unique financial instruments (e.g., investment management);
  • effective mechanisms for financial empowerment;
  • protection against economic and political shocks;
  • protection from litigation (most jurisdictions comply only with international court decisions);
  • favorable climate for foreign exchange and equity transactions;
  • flexible corporate law;
  • minimum of bureaucracy at the stage of starting a business;
  • non-public registers of beneficial owners. 

Regarding confidentiality, it is very important to remember that the actual offshore company owners must submit complete information about themselves to the financial institution to open an account, and to the registered agent. In accordance with the laws on protection of confidential information, such data are strictly protected by trade secret provisions. 

Multinational corporations and offshore companies very often are part of a single efficient structure. When choosing a suitable jurisdiction, business persons and investors should consider not only the potential tax regime (for example, in order to avoid paying taxes in both countries at once), but also the needs of business in terms of corporate services. Offshore bank accounts should be selected before the registration procedure begins, otherwise there is a risk of the financial institution rejecting your application. For example, you are going to conduct a business related to crypto currency or Forex. In this case, it is necessary to pre-select a bank or a payment system that accepts companies conducting these types of business, and only then register your organization proceeding from the corporate service. This option is also valid for those businesses that are up and running but need to open a branch, a subsidiary, or relocate the headquarters. 

Restrictions for the Use of Foreign Offshore Companies 

Before deciding to register a new company in an offshore jurisdiction, please consider possible banking, tax and special restrictions that may be prescribed by the law in the country of your residence. In particular, residents of certain countries are required to notify the authorities of owning a controlled foreign company (CFC) regardless of its jurisdiction of incorporation. 

Actually, these laws do not restrict the very business of your foreign company, but the owner must do the following:

  • notify the tax service of owning such a company or participating in a foreign organization;
  • enclose CFC financial statements or other documents confirming profits and/or losses when filing tax returns;
  • accordingly, keep proper records for the purposes of determining the taxable base of the CFC profits;
  • pay taxes as a natural person and a legal entity. 

When considering what restrictions may be imposed on the offshore bank accounts, it is necessary to be guided by the current legislation on the so-called dubious operations. Firstly, it is important that your foreign organization is established in a jurisdiction that is not on any of the black lists. 

Before establishing an offshore company with a bank account, it is necessary to conduct a thorough analysis of the current legislation of your country of residence (natural person and/or legal entity), types of business with possible future expansion, the need for economic substance in the jurisdiction of incorporation, and other factors. 

Offshore company incorporation cannot be spontaneous. If you wish to avoid possible costly mistakes in the future, our experts in the international law will help you build an effective structure focused on growth and protection of your assets.

Incorporate an Offshore Company and Open a Business Account

A large number of business persons and investors establish companies in jurisdictions with zero tax rates for an easy start. Belize, the British Virgin Islands, Nevis, Seychelles, the Cayman Islands and many other countries are still popular for setting up holdings, trusts, investment funds, standard companies and high-risk businesses. 

An offshore company can be used for various purposes such as management simplification, preservation of domain names, enhancing corporate flexibility, optimization of fiscal payments, protection of assets and owners’ privacy against competitors and raiders.

Holding companies often choose an offshore entity for higher anonymity and reduction of mandatory fees, such as capital gains and royalty tax exemptions. Holding is a typical example of an offshore organization with high anonymity, including those involved in crypto currency or foreign exchange transactions.  Popular offshore arrangements for managing the digital asset companies may include an international business company (IBS), a limited liability company (LLC) or a foreign trust.    

Our experts can arrange pre-approvals issued by major classic banks, digital financial institutions or payment systems. Should you need to open an offshore company with a business account, it is very important to initially select the appropriate fin-tech entity or bank, and it is only after this that you can determine the jurisdiction of incorporation. Our experts are also able to open accounts for existing companies. In order for them to analyze the customer’s business needs and the current state of operations, they should receive complete information from you. You should be prepared to submit a full set of documents to the bank or payment system. 

Setting up a Nevis company will save you much time and effort.

New privileges of offshore companies for doing business overseas

While trying to get off the FATF and EU blacklist, certain zero-tax jurisdictions have undergone major changes with respect to taxation and corporate law. The key changes are related to the following aspects:

  • non-resident companies were allowed to work with residents of the jurisdiction where the legal entity was established;
  • conventional financial centers have allowed the acquisition of local real estate by foreign organizations;
  • certain fairly low rates are provided for those doing business within the country (for example, in Belize, the corporate tax ranges from 1.75% to 6%).

It is important to note that many conventional offshore jurisdictions have introduced the concept of economic substance, for example, for holdings, financial and banking institutions and other regulated companies. These changes have led to widespread debate about the transparency and legitimacy of structures using offshore companies. It is expected that many conventional offshore jurisdictions will soon revise their laws with the introduction of special provisions on beneficial ownership.

Important note! In most zero-tax jurisdictions, the beneficial owners’ data are still kept in closed registers. But such information must be obtained by the registered agent and the banker.

In any case, setting up a business overseas is a thought-through and carefully planned step. In addition to all sorts of privileges that offshore bank accounts and companies provide, you should take into account the reputation of the jurisdiction. It is preferable that the country of incorporation is not on any black list, which will eliminate a long list of restrictions for your company or business structure. Companies registered in offshore areas still have the opportunity to save on auditing, but are required to keep their accounting books and records.   

If you need to open an offshore company with a business account, please do not hesitate to contact us for a detailed consultation and profound analysis of your current business situation. You can find our contact details on top of the page. We will help you choose the best solution in terms of corporate services, and obtain a pre-approval using the necessary customer documents. Then we will be able to talk about establishing a legal entity in the most appropriate jurisdiction. 

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