{"id":42,"date":"2014-06-06T10:21:26","date_gmt":"2014-06-06T10:21:26","guid":{"rendered":"http:\/\/fcba-offshore.com\/?page_id=42"},"modified":"2016-10-20T15:02:47","modified_gmt":"2016-10-20T15:02:47","slug":"faq","status":"publish","type":"page","link":"https:\/\/fcba-offshore.com\/en\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"

What is an offshore company<\/a>?\u00a0<\/strong>
\nAn offshore company<\/a> is a company incorporated in a tax friendly country but performing\u00a0100% of\u00a0its business activities outside of this jurisdiction.<\/p>\n

What\u00a0are the benefits in having an offshore company<\/a>?<\/strong>
\nYou will benefits from several things: first of all, all offshore places are tax friendly so you will for sure pay less tax (for instance corporate tax) than in your country of residence. Also, administrative duties\u00a0such as accounting obligations are much smaller so you can concentrate on making business and not wasting time or money on non added value activities. Finally, in most of the offshore jurisdiction, you will get a high level of discretion with banking secrecy and non disclosure of your name as a beneficial owner of your company to the authorities of your country of residence.<\/p>\n

Which one is the best offshore\u00a0jurisdiction?<\/strong>
\nThere is no any “best” global offshore destination. But for sure, there is “a best” offshore destination\u00a0for each of us\u00a0depending on both our personal and professional situations.<\/p>\n

Is accounting mandatory for an offshore company<\/a>?<\/strong>
\nOf course it depends on where is incorporated your offshore company<\/a>. But in any case, FCBA Offshore Ltd will provide you with such a service and support you during the all lifelong of your offshore company<\/a>.<\/p>\n

How long does it take to incorporate an offshore company<\/a>?<\/strong>
\nTheoretically, an offshore company <\/a>can be incorporated in less than a week. But of course, as we need to collect\u00a0some informations and documents from you, it will depend on how fast will you provide us with all of them. But the average time between the first contact and the incorporation of your company is approximately three weeks.<\/p>\n

How can we make a difference between the director and the shareholder of the company?<\/strong>
\nThe shareholder is the owner of the company whereas the director is the person nominated by the shareholder to manage the company. At FCBA Offshore Ltd, we do care about confidentiality that is why we do offer you the possibility to have both nominee director and shareholder.<\/p>\n

Can a person be the shareholder as well as the director?<\/strong>
\nOf course it’s possible. Very often, small businesses belong and are managed by the same guy. Some of our client chose this option but it is not the one we do recommend. According to our experience, to have both nominee director and shareholder is much more better for confidentiality reasons.<\/p>\n

Does “offshore company<\/a>” automatically mean “no taxation”?<\/strong>
\nUnfortunately not. Your offshore corporate<\/a> will pay tax and will have to follow all administrative obligations of the country where it will be registered. But thanks to the advices of our experts, we will offer you the opportunity to have the lowest tax obligations\u00a0ever and we will also make sure that administrative and accounting\u00a0requirements will not be neither\u00a0time consuming nor costly.<\/p>\n

Should we move to the chosen jurisdiction in order to incorporate\u00a0our offshore company<\/a>?<\/strong>
\nNo. Actually thanks to the strong\u00a0worldwide network of FCBA Offshore Ltd, you will not need to move anywhere to incorporate or run your offshore company<\/a>. We will only ask you to provide us with some documents either by email or (more rarely) by post.<\/p>\n

Is the incorporation of my company will be followed by a corporate offshore bank account<\/a> opening?<\/strong>
\nYes of course. Your offshore company<\/a> needs a corporate bank account to be run properly. Our target at FCBA Offshore Ltd is to provide you with an offshore corporate bank account <\/a>fitting your needs and ensuring you efficiency and discretion. But of course, if you wish to open an offshore bank account<\/a> yourself you can also do it…<\/p>\n

Is it possible to open an offshore\u00a0personal bank account<\/a> in addition to the corporate one?<\/strong>
\nOf course yes. It’s even highly recommended in order to split your personal and professional activities into two different parts. Also, having an offshore bank account<\/a> in another jurisdiction in order to receive there your dividend and salary\u00a0will increase the confidentiality level of your offshore business.<\/p>\n

How much should I pay as annual banking fees to maintain my offshore bank account<\/a>?<\/strong>
\nThe annual banking fees to be paid to your offshore bank<\/a> will depend on the list of services you have applied for. But usually, banking fees are not so expensive and at FCBA Offshore Ltd, we care about our client’s satisfactions that is why\u00a0we do recommend banks only if they are competitive in terms of fees.<\/p>\n

Is it possible to have a multicurrency offshore bank account<\/a>?<\/strong>
\nYes. Most of the banks we are working with do offer both personal and corporate offshore mutlicurrency bank accounts<\/a>. This will reduce your currency exchange fees and ease your life. The main used currencies are: EUR, USD, GBP.\u00a0But other currencies are available if you need.<\/p>\n

How is it possible to use\u00a0the money which is on my offshore bank account<\/a>?<\/strong>
\nYou have the choice. Actually you can either use your Credit \/ Debit card to withdraw cash everywhere in the world, to pay in the shops or on the internet. Also, you can connect to your internet banking in order to make a bank transfer\u00a0to whoever\u00a0you want.<\/p>\n

What\u00a0are the administration requirements of my offshore company<\/a>?<\/strong>
\nAdministrating its offshore company<\/a> means to fulfill all administrative and accounting requirements of the local authorities where your company is registered. But at FCBA Offshore Ltd, we do understand that the administrative\u00a0tasks related to your offshore company <\/a>is not something you are willing to follow yourself that is why we do offer you to administrate your company on your behalf. Also, we do recommend you to appoint FCBA Offshore Ltd as the\u00a0official bookkeeper of your\u00a0offshore company<\/a>.\u00a0It is more secured for you not to keep any document related to your offshore business into your home for\u00a0confidential reasons…<\/p>\n

How can I name my offshore company<\/a>?<\/strong>
\nYou can chose it yourself. Then FCBA Offshore Ltd will check the availability of the name and let you know if it is already used or not.<\/p>\n

What is a notarized document or an apostille?<\/strong>
\nNotarization<\/span> is<\/span> a legal<\/span> step<\/span> which ensures that<\/span> your company<\/span> complies with the<\/span> law of the country<\/span> in which<\/span> it is registered.<\/span> It<\/span> is<\/span> usually performed by a<\/span> notary who<\/span> certifies<\/span> the<\/span> legality<\/span> and then provide you with\u00a0an apostille.<\/span><\/p>\n

 <\/p>\n

\u00a0Please if you need any additional information feel free to contact\u00a0FCBA Offshore Ltd\u00a0team members.<\/a><\/p>\n

 <\/p>\n

\"Logo<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

What is an offshore company?\u00a0 An offshore company is a company incorporated in a tax friendly country but performing\u00a0100% of\u00a0its business activities outside of this jurisdiction. What\u00a0are the benefits in having an offshore company? You will benefits from several things: first of all, all offshore places are tax friendly so you will for sure pay…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-42","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/fcba-offshore.com\/en\/wp-json\/wp\/v2\/pages\/42","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fcba-offshore.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/fcba-offshore.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/fcba-offshore.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fcba-offshore.com\/en\/wp-json\/wp\/v2\/comments?post=42"}],"version-history":[{"count":10,"href":"https:\/\/fcba-offshore.com\/en\/wp-json\/wp\/v2\/pages\/42\/revisions"}],"predecessor-version":[{"id":1689,"href":"https:\/\/fcba-offshore.com\/en\/wp-json\/wp\/v2\/pages\/42\/revisions\/1689"}],"wp:attachment":[{"href":"https:\/\/fcba-offshore.com\/en\/wp-json\/wp\/v2\/media?parent=42"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}