1) Q： | How is the name of Offshore Company proposed? |
A： | Generally speaking, companyname should include "Limited", "Corporation", or simplified "Ltd.", "Corp." or "Inc.". If proposed companyname is the same as registeredcompanyname, it can not be registered. Moreover, companyname generally does not contain "Bank", "Insurance" or other words with similar meaning. |
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2) Q： | Can Offshore Company name use Chinese characters? |
A： | Yes, in certain countries, for example, in BVI, CAYMAN ISLANDS and SAMOA , etc. Chinese characters can be used as company name. |
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3) Q： | What is the minimum amount of authorized capital? |
A： | The amount of authorized capital in Offshore Company depends on the demands for the scale of operation and purpose from clients. The requirementsfor authorized capital can vary in different countries, as detailed, please contact us. |
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4) Q： | How many shareholders and directors does Offshore Company need? |
A： | At least one shareholder and director, which can be the same person. |
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5) Q： | Is the information o n directors and shareholders of the companyavailable to other persons? |
A： | The laws in most places of Offshore Company incorporation don't require publicizing the identity of shareholders and directors and other material information. Therefore, it's not available to other persons. |
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6) Q： | What are the advantages in Offshore Company Incorporation? |
A： | Advantages in Offshore Company Incorporation are as follows:
| Simple registration procedure, low cost and no need for capital verification |
| Free circulation of foreign exchange |
| Lawful tax litigation |
| Simple mode of companymaintenance |
| High confidentiality of registration information and documents |
| No scope of businessor limitation of geographic coverage |
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7) Q： | Can Offshore Company be used in operation in Hong Kongonce registered without declaration to Hong Kong Government? |
A： | No. Company in any country or region, which conducts businessin Hong Kong, shall apply businessregistration certificate and declare tax, and according to Section 11 of Companies Ordinance of Hong Kong, the company should be registeredas one Offshore Company incorporated in Hong Kong. |
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8) Q： | Does the information of shareholders and directors of Offshore Company need to be filed with local government? |
A： | No. Most offshore companies need only to file the information of directors/shareholders with local agent. |
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9) Q： | What are the requirementsfor Offshore Company to open bank account? |
A： | To be provided are following notarized copies issued by accountant or lawyer:
| Register of shareholders and directors |
| Certificate of Incorporation |
| Board meeting minutes |
| Articles of Association |
| Consent to act as director |
| Proof of director's personal address (i.e. utility bill, telephone bill and others) |
| Certificate of good standing of the company (issued by local government) |
| The original copy of bank credit certificate of director perse |
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10) Q： | How is the existence and validity of company certified? |
A： | After the company is registered, we will deliver the certificate of incorporation, steel seal of the company, articles of association and others to clients. In addition, we can also help clients apply for "Certificate of Existence of Company" to local government. |
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11) Q： | Can Offshore I incorporated Company alter the articles of association and other documents of the company? |
A： | Yes. Offshore Company can modify and supplement the articles of association and other documents lawfully. |
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12) Q： | How can Offshore Company which wants to invest in China, obtain the "Credit Certificate" requiredby Chinese Government? |
A： | Offshore Company needs to open account at bank and have certain capital; after examination of the bank, it will be granted the credit certificate. |
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13) Q： | Need Delaware Company pay federal tax and state tax of U.S.A? |
A： | Not necessarily. Delaware Company not operating in the U.S.A shall pay no other tax than annual licensing tax. |
