Anonymous and Private Offshore Company Formation
Set up your offshore company with the highest legal privacy available in the offshore world with Offshore Affairs
Privacy has always been a highly important asset when it comes to offshore company formation, international tax planning, asset protection, and more.
Even though it not the only reason for going offshore, we can surely say it is one of the main features any business person would look after, and this is something 100% legal, as long as you are complying with any local or applicable international law involved in your offshore structure.
Just like other legal subjects like corporate governance, international and local taxation, business laws, and anti-money laundering laws play a big role when it comes to legally forming an offshore structure like an offshore company, foundation, or trust privacy is another legal consideration and feature of a legal offshore vehicle
Offshore Affairs, as an international offshore law firm provides legal counseling on offshore jurisdictions privacy laws, and offshore entity set up, where we advice on structures and jurisdictions privacy laws, whereby we dig into the client’s privacy needs, and we also execute, structure, and form these entities.
We provide jurisdictions that meet the client’s privacy needs, in addition to other corporate and tax considerations intrinsically connected to the structure.
Offshore Company Privacy Considerations
Information available to the public or to the authorities.
We have to take into consideration if the following information is accessible to the public, or even if reported.
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Register of director
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Register of Ultimate Beneficial Owner
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Register of Member
Some jurisdictions may not even have a register of director, shareholder, or UBO, hence this information is not even accessible by law to the authorities, which can give you a higher level of confidence as in case
Nonetheless and spite of the above, we must also assess if this jurisdiction intends to start requesting this information in the foreseeable future as right now a jurisdiction current law might not request it, or a law has been already approved but its effects might start in the following three years.
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Financial Restrictions
When a jurisdiction does not meet certain international transparency standards, the company may have a little more limited banking options, but still there are plenty options.
Tax Considerations
These highly private structures can also be used for international tax planning, but some jurisdictions, in the European Union for example, may restrict a business into deducting from its tax base any expense or payment made to these highly private offshore companies, so we have to take into consideration your specific line of business or source of revenue to confirm which strategy would give you the best privacy without affecting your international tax planning.
If a company is highly private it does not mean that it will necessarily have financial and tax restrictions, as for example, a Wyoming LLC (USA) has full access to the financial system, is tax free on foreign sourced income, and it does not have a federal or state registry of Register of Managers, Members, or Ultimate Beneficial Owner.
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Extra strategies to enhance privacy
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Adding a Trust or Foundation as the owner of the company
In cases where you need an extra layer of privacy and tax protection, a Trust or Foundation can be added as the owner or manager of the company.
Nonetheless, Trusts and Foundations privacy level varies per jurisdiction of course, as for example a jurisdiction might not report who the Founder of a Foundation is and keep the Councillors are reported, and in some case it is vice where, the Founder is reported but the councillors are not reported.
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Nominees
Nominees are usually used to add an extra layer of privacy to the company or offshore structure, it allows you to keep the name of the directors and shareholders private, but if the jurisdiction requires the UBO to be reported, a nominee cannot legally be reported as an UBO
Aditionally, a company cannot be reported as an UBO, unlike the cases where another company can be named as the director and/or shareholder of the company.
