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OffShore company formation / registrations

Foerster Business Solutions are not just restricted to companies setting up in the UK; we also provide services for offshore company formation. We have listed the required charges for offshore company formation in a selection of countries including Gibraltar, the British Virgin Islands, Jersey and many more. You will find detailed information concerning each of the locations we cater for but if you do require further information we have expert staff available who can advise you.

Summary of Main Charges

For Detailed Information Click the links below	Sale & Registered Agent Fees £	Company Secretarial Maintenance £	Annual Return/Report £	Annual Govt. Duty £	Nominees (Each, per annum) £	To Order
Bahamas	650	500	N/A	220	500
Cayman Islands	1200	500	N/A	350	500
Cyprus	1400	500	N/A	110	500
British Virgin Islands	295	195	N/A	195	500
Delaware	400	500	100	150	500
Gibraltar Non Resident	290	500	100	225*	500
Jersey	1,065	700	150	600*	500
Belize	300	200		150	500	Please Call 08443 575859
Offshore Bank account compliment your new company with an offshore Bank account £195 with no forms to complete or bank interviews.

* Exempt Status Fee – Not applicable for Jersey Resident companies.

Jersey

The largest of the Channel Islands, Jersey lies some fourteen miles from France and is 45 square miles in area.

Now has the reputation as one of the most trustworthy offshore centres in the world due to its sophisticated legal structure, exhaustive due diligence procedures and the wide knowledge base of the law offices which run most of the superior banking and investment business.

Fees for Registering and Maintaining Companies

	Purchase & First Year’s Maintenance	Second & Subsequent Years’ Maintenance
Formation / Provision of Company	£1,065.00	£100.00
Company Secretarial Maintenance / Statutory Compliance	£700.00	£500.00
Annual Return	£150.00	£150.00
Annual Government Duties/Filing Requirements	£600.00	£600.00
NET Total	£2,365.00	£1,550.00
VAT (if applicable to invoicee)	£308.88	£140.00
GROSS Total if VAT Applicable	£2,673.88	£1,690.00

Optional Extras
Nominee Director / Shareholder per annum [NB, one nominee may act in both capacities for one Beneficial Owner, and only one Nominee is used for each such Beneficial Owner. Check Data Sheet for Minimum No. of Officers/Members]	£500.00	£500.00
Certificate of Good Standing	POA
Government Certified Copy Memorandum & Articles	POA
[NB. Value Added Tax is applicable to all items, except Government Duties, subject to rules on VAT local to the person/firm/company Foerster Business Solutions Limited raises its invoices to]

Information on Corporate Vehicles

Statutes	Companies Law (Jersey) 1991
Types of Company	Resident Exempt
Time to Incorporate	3 to 5 days following name reservation and completion of due diligence procedures which can take 2 to 3 weeks.
Info required prior to Incorporation	Full particulars of beneficial owners, officers, members and the Company’s primary objectives.
Off the Shelf Companies	Not Available.
Company Name	Must end with the word “Limited” and many words are deemed “sensitive”, requiring justification prior to use.
Members	Minimum of Two.
Directors & Secretary	Minimum of One of Each required; Corporate Secretary Only Permitted; No Restrictions on Location.
Share Capital	Usual Minimum of £2,000.
Bearer Shares	Not Permitted.
Registered Office / Agent	Requirement for a local Registered Office & agent.
Papers to be kept at Registered Office	Registers of Members and Officers. Minutes of all meetings.
Public Information	Officers, Members, Annual Returns, Registered Office, Memorandum & Articles of Association.
Corporate Books & Seal	Usually maintained at Registered Office.
Meetings	No Restrictions.
Annual Return	Required.
Annual Accounts	Required for both types of Company although only Resident companies need file their accounts with the revenue authorities.
Audit Requirements	None although advisable.
Exchange Controls	None.
Government Duties	£130 Annual Return Fee. £600 Annual Exempt Company Status Fee.
Taxation	Exempt Status Companies: £600 flat rate per annum. Resident Companies: 20% of profits.
Double Tax Treaties	UK. Guernsey and France (the latter is limited in scope)
Migration / Re-Domiciliation	Migration into and out of Jersey is NOT permitted.
Advantages of Jurisdiction	Very highly regarded due to stringent compliance laws and long standing expertise as an offshore centre.
Disadvantages of Jurisdiction	Cost prohibitive and Full Disclosure Requirements.

British Virgin Islands

A group of approximately 40 islands and cays in the Eastern Caribbean make up the British Crown Colony of the British Virgin Islands, the principle islands of which are Tortola and Virgin Gorda, with the capital, judicial and financial centre being Road Town on Tortola.

The Trident BVI is a British Overseas Territory, acquired in 1672, is a full member of the Commonwealth and is an associate member of the European Union giving the ability to claim financial assistance from the EU but allowing it to reject certain items of European legislation.

With a legal system based largely upon British Law, the BVI first entered the International Business Companies world in 1984. Speedy, inexpensive and relatively easy incorporation and statutory maintenance have made this one of the most popular jurisdictions in the world.

Fees for Registering and Maintaining Companies

	Purchase & First Year’s Maintenance	Second & Subsequent Years’ Maintenance
Formation / Provision of Company	£295.00	£130.00
Company Secretarial Maintenance / Statutory Compliance	£195.00	£195.00
Annual Return	N/A	N/A
Annual Government Duties/Filing Requirements	£195.00	£195.00
NET Total	£685.00	£420.00
VAT (if applicable to invoicee)	£119.88	£73.50
GROSS Total if VAT Applicable	£804.88	£493,50

Optional Extras
Nominee Director / Shareholder per annum [NB, one nominee may act in both capacities for one Beneficial Owner, and only one Nominee is used for each such Beneficial Owner. Check Data Sheet for Minimum No. of Officers/Members]	£500.00	£500.00
Certificate of Good Standing	POA
Government Certified Copy Memorandum & Articles	POA
[NB. Value Added Tax is applicable to all items, except Government Duties, subject to rules on VAT local to the person/firm/company Foerster Business Solutions Limited raises its invoices to]
Oshore Bank Account - Utility bill, Photo ID required account is based in IOM, Jersey or Guernsey	£195	N/A

Information on Corporate Vehicles

Statutes	International Business Companies Act 1984 (Cap. 291) until 31st December 2005 and, from 1st January 2005, The Trident BVI Companies Act.
Types of Company	International Business Company (IBC).
Time to Incorporate	24 Hours.
Info required prior to Incorporation	Directors particulars and normal statutory information.
Off the Shelf Companies	Available.
Company Name	Approval Required. Must end with “Limited”, “Corp.”, Inc.”, SA”, etc and there are “sensitive” words which may require special justification.
Members	Minimum of one. Corporates permitted.
Directors & Secretary	Minimum of One Director; Secretary not required by law, corporates permitted; no restriction on location.
Share Capital	Usual of US$50,000.
Bearer Shares	Permitted but required to be lodged with a Financial Institution.
Registered Office / Agent	Required to be with local licensed trust company.
Papers to be kept at Registered Office	Registers of Officers and of Members, copy resolutions.
Public Information	Registered Office / Agent, Memorandum & Articles of Association.
Corporate Books & Seal	Usually kept at Registered Office.
Meetings	No restriction.
Annual Return	None Required.
Annual Accounts	None Required.
Audit Requirements	None.
Exchange Controls	None.
Government Duties	US$360.00 for share capital of up to US$50,000.
Taxation	None.
Double Tax Treaties	None.
Migration / Re-domiciliation	Permitted into and out of the BVI.
Advantages of Jurisdiction	Long established and well respected; zero taxation; quick and inexpensive formation and maintenance.
Disadvantages of Jurisdiction	Blacklisted for a while by OECD due to insufficient anti money laundering regulations; not recommended for commercial business practices.

Gibraltar

The Gibraltar Peninsular lies at the southern tip of Spain just 13 miles from the north coast of Africa. Gibraltar is a British Crown Colony and their legal system is broadly based on English Common Law and local statutes. The official language is English although most of the inhabitants speak both English and Spanish.

Gibraltar has provided an Offshore Centre since 1967 and continues as a dependent but self-governing UK territory, entering the EU simultaneously with the UK itself.

Fees for Registering and Maintaining Companies

	Purchase & First Year’s Maintenance	Second & Subsequent Years’ Maintenance
Formation / Provision of Company (including the provision of the Registered Office)	£300.00	£150.00
Company Secretarial Maintenance and Statutory Compliance	£500.00	£500.00
Annual Government Duties/Filing Requirements	N/A	N/A
Filing of Accounts	N/A	£25.00
NET Total	£800.00	£675.00
VAT (if applicable to invoicee)	£140.00	£118.13
GROSS Total if VAT Applicable	£940.00	£793.13

Optional Extras
Nominee Director / Shareholder per annum [NB, one nominee may act in both capacities for one Beneficial Owner, and only one Nominee is used for each such Beneficial Owner. Check Data Sheet for Minimum No. of Officers/Members]	£500.00	£500.00
[NB. Value Added Tax is applicable to all items, except Government Duties, subject to rules on VAT local to the person/firm/company Foerster Business Solutions Limited raises its invoices to]

Information on Corporate Vehicles

Statutes	The Companies Ordinance Act 1984 as amended
Types of Company	Private Companies
Time to Incorporate	5 to 7 days or Same Day for a £100 surcharge.
Info required prior to Incorporation	Normal Due Diligence to local formation agent.
Off the Shelf Companies	Available.
Company Name	Must end with the word “Limited”. Initials must be explained in a separate letter.
Members	Minimum of One.
Directors & Secretary	Minimum of One of Each required; Corporates Permitted; No Restrictions on Location subject to having a resident joint-secretary.
Share Capital	Usual Minimum of £1,000.
Bearer Shares	Permitted but rarely used due to impracticalities..
Registered Office / Agent	Local Registered Office Required; No Agent Required.
Papers to be kept at Registered Office	Registers of Members, Directors and Mortgages & Charges.
Public Information	Officers, Shareholders, Memorandum & Articles, Annual Return, Mortgages & Charges.
Corporate Books & Seal	Usually maintained at Registered Office.
Meetings	Annually.
Annual Return	A Balance Sheet is required for “Small Companies” with a turnover of less than £4.8m, a balance sheet total of less than £2.4 m and less than 250 employees.
Annual Accounts	Required to 30th June in each year in simple format
Audit Requirements	Small Companies Exempted.
Exchange Controls	None.
Taxation	None after the £300 duty referred to above.
Double Tax Treaties	None.
Migration / Re-Domiciliation	Migration into and out of Gibraltar is permitted.
Advantages of Jurisdiction	EU Exempt Companies available, Inexpensive.
Disadvantages of Jurisdiction	Not well established in comparison with other jurisdiction and susceptible to EU pressure on tax matters.

Delaware

Delaware is situated on the eastern side of the United States and is the largest State for company incorporations in the U.S.A. Approximately 40% of all companies listed on the New York and American Stock Exchanges are incorporated in Delaware, even though most of these companies are trading outside of the State

Although not strictly speaking an “Offshore Centre”, Delaware has offered tax efficient corporate bodies to non-residents since 1965 with less bureaucracy and lower fees than many other US States.

Fees for Registering and Maintaining Companies

	Purchase & First Year’s Maintenance	Second & Subsequent Years’ Maintenance
Formation / Provision of Company and Registered Office	£400.00	£200.00
Company Secretarial Maintenance / Statutory Compliance	£500.00	£500.00
Annual Return	N/A	£100.00
Annual Government Duties/Filing Requirements	£150.00	£150.00
NET Total	£1050.00	£ 950.00
VAT (if applicable to invoicee)	£157.50	£140.00
GROSS Total if VAT Applicable	£1207.50	£ 1090.00

Optional Extras
Nominee Director / Shareholder per annum [NB, one nominee may act in both capacities for one Beneficial Owner, and only one Nominee is used for each such Beneficial Owner. Check Data Sheet for Minimum No. of Officers/Members]	£500.00	£500.00
Certificate of Good Standing	POA
Government Certified Copy Memorandum & Articles	POA
[NB. Value Added Tax is applicable to all items, except Government Duties, subject to rules on VAT local to the person/firm/company Foerster Business Solutions Limited raises its invoices to]

Information on Corporate Vehicles

Statutes	General Corporation Law of Delaware.
Types of Company	Corporation, Limited Liability Company.
Time to Incorporate	24 Hours.
Info required prior to Incorporation	None Required.
Off the Shelf Companies	Available but much more expensive than a new formation.
Company Name	Must end in “Limited”, “Corporation”, “Incorporated” or any abbreviation of these.
Members	Minimum of One.
Directors & Secretary	Minimum of one of each; corporate Directors permitted; no restriction on location.
Share Capital	Usual Minimum of US$1,500.
Bearer Shares	Not Permitted.
Registered Office / Agent	Both required locally.
Papers to be kept at Registered Office	None.
Public Information	Company Name, Officers, Incorporation particulars, Registered Office & Agent.
Corporate Books & Seal	No restriction on location.
Meetings	No Restrictions.
Annual Return	Not Required although Annual Franchise Tax Return is.
Annual Accounts	None Required.
Audit Requirements	None.
Exchange Controls	US Law requires a declaration to be made of sums of US$10,000 or more being moved into or out of the USA.
Government Duties	US$50.00
Taxation	None for Non-Residents.
Double Tax Treaties	Many.
Advantages of Jurisdiction	Speedy Incorporation, Low Fees and little paperwork.
Disadvantages of Jurisdiction	Difficulties in proving ownership and Directorships.

Cyprus

Fees for Registering and Maintaining Companies

	Purchase & First Year’s Maintenance	Second & Subsequent Years’ Maintenance
Formation / Provision of Company (including the provision of the Registered Office and Annual Return)	£1400.00	£450.00
Company Secretarial Maintenance and Statutory Compliance	£500.00	£500.00
Annual Government Duties/Filing Requirements	£110.00	£110.00
NET Total	£2010.00	£1060.00
VAT (if applicable to invoicee)	£ 332.50	£166.25
GROSS Total if VAT Applicable	£2342.50	£1226.25

Optional Extras
Nominee Director / Shareholder per annum	£500.00 + Vat	£500.00 + Vat
[NB. Value Added Tax is applicable to all items, except Government Duties, subject to rules on VAT local to the person/firm/company Foerster Business Solutions Limited raises its invoices to] VAT is chargeable on all invoices raised to EU resident clients
Certificate of Good Standing from the Registrar of Companies	£150.00
Notarised Documents (including Notary’s Fees)	£160.00
Assistance with the opening of a Bank Account	£500.00
Courier Courier of Documents from Cyprus is a mandatory form of delivery – cost of courier included	£40.00

Bahamas

Fees for Registering and Maintaining Companies

For Companies with a Share Capital of B$50,000 or less

Fees for a company with a Share Capital of B$50,000 or more, will be quoted on request

	Purchase & First Year’s Maintenance	Second & Subsequent Years’ Maintenance
Formation / Provision of Company (including the provision of the Registered Office)	£650.00	£350.00
Company Secretarial Maintenance and Statutory Compliance	£500.00	£500.00
Annual Return	N/A	N/A
Annual Government Duties/Filing Requirements	£220.00	£220.00
NET Total	£1,370.00	£1070.00
VAT (if applicable to invoicee)	£ 201.25	£ 148.75
GROSS Total if VAT Applicable	£1,571.25	£1218.75

Optional Extras
Nominee Director / Shareholder per annum	£500.00 + Vat	£500.00 + Vat
[NB. Value Added Tax is applicable to all items, except Government Duties, subject to rules on VAT local to the person/firm/company Foerster Business Solutions Limited raises its invoices to] VAT is chargeable on all invoices raised to EU resident clients
Certificate of Good Standing from the Registrar of Companies	£100.00
Certificate of Incumbency	£120.00
Notarised Documents (including Notary’s fees)	£150.00
Apostiled Documents (per document)	£100.00
Assistance with the opening of a Bank Account	From £500.00
Courier Courier of Documents from the Bahamas is a mandatory form of delivery – cost of courier included	£40.00

Please note that our prices may vary due to currency fluctuations from time to time.

Cayman Islands

Fees for Registering and Maintaining Companies

	Purchase & First Year’s Maintenance	Second & Subsequent Years’ Maintenance
Formation / Provision of Company (including the provision of the Registered Office)	£1200.00	£575.00
Company Secretarial Maintenance and Statutory Compliance	£500.00	£500.00
Annual Return	N/A	N/A
Annual Government Duties/Filing Requirements	£350.00	£350.00
NET Total	£2050.00	£1,425.00
VAT (if applicable to invoicee)	£ 297.50	£ 188.13
GROSS Total if VAT Applicable	£2,347.50	£1,613.13

Optional Extras
Nominee Director / Shareholder per annum	£500.00 + Vat	£500.00 + Vat
[NB. Value Added Tax is applicable to all items, except Government Duties, subject to rules on VAT local to the person/firm/company Foerster Business Solutions Limited raises its invoices to] VAT is chargeable on all invoices raised to EU resident clients
Certificate of Good Standing from the Registrar of Companies	£300.00
Certificate of Incumbency	£300.00
Notarised Documents (including Notary’s fees)	£250.00
Apostiled Documents (per document)	£300.00
Assistance with the opening of a Bank Account	£500.00
Courier Courier of Documents from the Cayman Islands is a mandatory form of delivery	£30.00

offshore company formatiom | offshore comapny registration | offshore companies

OffShore company formation / registrations

Fees for Registering and Maintaining Companies

Information on Corporate Vehicles

Fees for Registering and Maintaining Companies

Information on Corporate Vehicles

Filing of Accounts

For Companies with a Share Capital of B$50,000 or less