Offshore jurisdictions have different legal systems for asset protection and financial privacy. Consider that in the United States you can be sued, have your business interrupted and win and lose valuable time and money. The United States, unlike other countries in the world, does not have a loser pays legal system. The US system allows a person or company to sue anyone at anytime; you can’t stop someone from suing you even in the middle of an active contract with that company. In other countries the plaintiff must pay a bond to a court – the bond is non refundable – that is a deterrent to filing a lawsuit, by using an offshore jurisdiction’s legal statutes. Escaping legal action can mean saving a lot of money.
Offshore Company Types
Many of the company names are familiar, such as LLC for Limited Liability Company or IBC for International Business Company, but what is different about each is that the structure and protection afforded. Everything is specific to a specific jurisdiction and a specific type of company or trust. This is why you need a watchdog. Compliance laws and policies in the US and abroad must be met.We would not recommend that you run an offshore company without qualified advice. This is for your safety!
Offshore Company Incorporation
Offshore incorporation is similar to forming a corporation just about everywhere. There are fees to pay and papers to file. The statues determine what type of paperwork you will need such as The Articles of Incorporation. Every jurisdiction has different required documentation. Complying with jurisdictions is our speciality and this means taking care of your domestic requirements and the coordination between the two.
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