What is Offshore Company?

Offshore company is a company incorporated outside the territory of Taiwan and is generally located in a low-tax or tax-exempt country or jurisdiction, e.g. Seychelles, Samoa, British Virgin Islands, Cayman Islands and Hong Kong. These jurisdictions are with advantages such as low tax burden, ease of registration and operation, confidentiality, safety and convenience.

Offshore company
Overseas Investment

Subsidiary / Branch / Real estate

Wealth Management

Wealth Management Consultation on bank account opening / Investments / Equities

Domestic Investment

Subsidiary / Branch / Equities / Real estate

  • Created with Sketch. Enterprise

    No matter what types of business, e.g. multinational corporation, joint venture, or trading company, etc., we help enterprises set up offshore companies directly/indirectly to reach their goals for effective operating management and tax planning.

  • Created with Sketch. Startup Company

    We assist startup companies in establishing legal entity for their initial business stage to undertake daily operations and transactions. By setting up offshore company, they can manage their business, settle operating expenses or conclude contracts.

    • Low cost for setup and maintenance
    • Preferential taxation
    • Flexible shareholding management
  • Created with Sketch. Individual

    For individual, such as high-net-worth person, an entrepreneur, or an overseas immigrant, we help them set up their own offshore companies for holding securities, properties, artworks, etc.

    • Protect property damaged by political and legal factors
    • Free from strict tax regime and control of foreign currency

How do we help you set up
offshore companies?

  1. Client
  2. Triple Team
  3. Registered Agent
  4. Registrar
  5. Setup complete

Jurisdictions

Cayman Islands

Cayman Islands are a British overseas territory in the western Caribbean Sea. The territory comprises three islands, i.e. Grand Cayman, Cayman Brac and Little Cayman. The Cayman Islands are the fourth largest offshore financial center in the world. The primary backbone of the economy are financial and tourism industry. The population is approximately 56,000 people, most of them are mixed race. The official language is English. Cayman Islands enacted company law relating to tax exemption in 1978. Due to the stricter review of the company documentation, Cayman Islands have good international reputation which enable it to become the world-renowned offshore financial center. Many mutual funds and trust chose to register in Cayman Islands. Moreover, Cayman Islands’ positive image and transparency also lower the threshold for entering capital market which makes Cayman Islands company a desirable choice for the holding company of multinational enterprises or the legal entity for IPO.


Key features:

  • Name of the company shall end with the word "Corporation", "Incorporated", "Limited" or "Societe Anonyme"; the abbreviation "Corp.", "Inc.", "Ltd.", or "S.A.". (It may not be registered under a name that contains the word such as “Bank”, “Empire”, “Insurance”, “Imperial”, “Mutual Fund”, “Reinsurance”, “Royal” or “Trust”).
  • There is no limitation for authorized capital. The standard authorized capital is USD50,000 with par value of USD1.00 for each share. The company could increase/change its capital from time to time after incorporation. The annual government fee, charged in accordance with the authorized capital, may increase due to the capital increasing.
  • 1 director and 1 shareholder are the minimum requirements for a company. Director/shareholder can be individual or company of any nationality.
  • Generally, there is no limitation for the nature of business. Nevertheless, the company shall not conduct any investment or carry on any business such as banking, trust, insurance, brokerage, or any other franchise activities in Cayman Islands.
  • There are no requirements for holding annual general/board meeting or filing financial reports and tax return annually. The government fee should be paid by the end of December every year and penalty will be imposed for late payment.

British Virgin Islands (BVI)

British Virgin Islands is the British overseas territory situated in the Caribbean and the east of Puerto Rico. The Virgin Islands archipelago is called and constituted by The British Virgin Islands, United State Virgin Islands and the Spanish Virgin Islands. BVI consists of the main islands of Tortola, Virgin Gorda, Anegada and Jost Van Dyke. Road Town is the capital situated on Tortola which is the largest island and approximately 20 km long and 5 km wide. The population is about 30,800. The official language is English.
The main source of income in BVI is financial services. The majority of this revenue is generated by the licensing of offshore companies and related services. BVI is a significant global player in the offshore financial services industry. Although BVI offshore company information is strictly required to be public by the government, it is nowadays one of the most popular jurisdictions for offshore company incorporation.


Key features:

  • The company name can be in English, Chinese or any other languages.
  • Name of the company shall end with the word "Corporation", "Incorporated", "Limited" or "Societe Anonyme"; the abbreviation "Corp.", "Inc.", "Ltd.", or "S.A.". (It may not be registered under a name contains the word as “Bank”, “Empire”, “Insurance”, “Imperial”, “Mutual Fund”, “Reinsurance”, “Royal” or “Trust”.)
  • There is no limitation for authorized capital, share and par value. The standard registered shares are 50,000 shares with par value of USD1.00 each share. The company could increase/change its shares from time to time after incorporation. The annual government fee, charged in accordance with the registered share, may increase due to the shares increasing.
  • 1 director and 1 shareholder are the minimum requirements for a company. Director/shareholder can be individual or company of any nationality.
  • Generally, there is no limitation for nature of business. Nevertheless, the company shall not conduct any investment or carry on any business such as banking, trust, insurance, brokerage, or any other franchise activities in BVI.
  • There are no requirements for holding annual general/board meeting, or filing financial report and tax return annually.For the government fee, it should be paid based on the incorporation date. If the incorporation date is between January 01 - June 30, it should be paid by May 30; if the incorporation date is between July 01 - December 31, it should be paid by November 30. Penalty will be imposed for late payment

Hong Kong

Hong Kong, officially the Hong Kong Special Administrative Region of the People's Republic of China, is an autonomous territory south to Mainland China and east to Macau in East Asia. The territory's area consists of Hong Kong Island, the Kowloon Peninsula, and the New Territories. The population is about 7.23 million.
Hong Kong is one of the world's leading international financial centers, services industries and shipping centers. It also has good condition of public security, free trade with simple taxation and well independent judiciary system.
Being called as 'Pearl of the Orient', Hong Kong has a well-known reputation, an ease of offshore company registration and company information transparency. In addition, the government offers offshore companies tax preferences which makes Hong Kong a primary offshore company registration choice for traders and enterprisers.


Key features:

  • The company name can be in English or in Chinese (or bilingual); and it must ends with the word “Limited”.
  • There is no limitation for share capital. It is mandatory for regime of no par value and minimum of 1 share when incorporated.
  • The standard authorized capital is HKD10,000 with par value of HKD1.00 each share.
  • 1 director and 1 shareholder are the minimum requirements for a company. Director must be individual and shareholder can be individual or company of any nationality. Appointed local company secretary and registered address are required.
  • Business Registration Company must be renewed annually. Submission annual return and audit report are required year-by-year, penalty will be imposed for late payment.
  • It is mandatory to file the information of shareholder, director and company secretary with the Companies Registrar. Company information is relatively transparent to facilitate the convenience of business activities for company.

Belize

Belize, formerly British Honduras, is a nation on the eastern coast of Central America. English is the official language of Belize. It is bordered on the north by Mexico, on the south and west by Guatemala, and on the east by the Caribbean Sea.
Belize was formerly called “British Honduras”. It was granted independence from British in 1981. The name of Belize derives from the mouth of the Belize River and big city, Belize City which was the formal capital of Belize. The current capital is Belmopan.
Belize’s economy is based primarily on agriculture and fishery industry. The population of Belize is about 370,000. The country is a member of the Great Britain Association and World Trade Organization (WTO). It is an independent democratic and politically stable Commonwealth state.


Key features:

  • A company name can be in English, Chinese or any other languages.
  • Name of the company shall end with the word "Corporation", "Incorporated" or "Limited"; the abbreviation "Corp.", "Inc." or "Ltd.".
  • There is no limitation for authorized capital. The standard authorized capital is USD50,000 with par value of USD1.00 each share. The company could increase/change its capital from time to time after incorporation.
  • 1 director and 1 shareholder are the minimum requirements for a company. Director/shareholder can be individual or company of any nationality.
  • Generally, there is no limitation for the nature of business. Nevertheless, the company shall not conduct any investment, own the real estate is not allowed or carry on any business such as banking, trust, insurance, or any other franchise activities in Belize. It’s also prohibited to be the registered agent which providing Belize registered address to other Belize companies.
  • There are no requirements for holding annual general/board meeting or filing financial reports and tax return annually. The government fee should be paid on time.

Labuan

Labuan is a federal territory of Malaysia and it is located off the coast of the state of Sabah in East Malaysia. The name Labuan derives from the Malay word labuhan which means harbor. Labuan is a tourist destination for people travelling through Sabah, nearby Bruneians and scuba divers.
Labuan used to be part of Sabah. In 1984, the Government of Sabah ceded Labuan to the federal government which later been accessed to a federal territory. Labuan is known as an offshore financial center offering international financial and business services via Labuan IBFC since 1990. According to Malaysia's Department of Statistics, Labuan population in 2010 was at 77,700 with 80% Bumiputra, 14% Chinese and other ethnics.
Malaysia has a double tax treaty with 45 countries, including, China, America, Japan, Taiwan, United Kingdom, etc. Labuan offshore companies are exempt from paying taxes on business activities or transactions carried on outside of the Labuan. For trading company, it's 3% yearly taxation or a flat rate of Ringgit Malaysia (MYR) 20,000 on profit. Overall, Malaysia receives good reputation and it is one of the members of APEC and ASEAN.


Key features:

  • Name of the company shall end with the word "Corporation", "Incorporated", "Limited", “Berhad", or “Sendirian Berhad"; the abbreviation "Corp.", "Inc.", "Ltd.", “Bhd” or “Sdn Bhd”.
  • The standard authorized capital is USD13,000 with par value of USD1.00 each share. The company could increase/change its capital from time to time after incorporation.
  • 1 director and 1 shareholder are the minimum requirements for a company. Director/shareholder can be individual or company of any nationality. An appointed local resident as company secretary is required.
  • Generally, there is no limitation for the nature of business. Nevertheless, the company shall not conduct any investment, own the real estate is not allowed or carry on any business such as banking, trust, insurance, or any other franchise activities in Labuan. It’s also prohibited to be the registered agent which providing Labuan registered address to other Labuan companies.
  • Submission for annual return and audit report are required year-by-year, the government fee must be paid on time. The Register of directors and shareholders must be filed to the Registrar. Due to the disclosure of beneficial owner and stricter review of the company documentation, Labuan has gained good international reputation worldwide.

Seychelles

Seychelles, officially the Republic of Seychelles, is an archipelago in the Indian Ocean and lies at east of mainland East Africa. It is the member of the Commonwealth of Nations and the capital is Victoria.
Seychelles is located at about 1,500 km east of Kenya and Somalia, 700 miles away to the northeast of Madagascar and at southeast of Maldives, with a total land area of 455 km². The population is about 92,000 and composed of people mainly from France, Africa, India and China.
The country became independent from United Kingdom in 1976 and governed by civil law except for the corporate legislation and criminal law which are based on English Common Law. Seychelles enacted the International Company Act in 1994 to establish standards for the IBCs formation. The IBCs are exempt from paying local taxes such as income tax, inheritance tax and donated property tax received outside of Seychelles. In addition, with its political stability, Seychelles has become an excellent choice for the best offshore company incorporation.


Key features:

  • The company name can be in English, Chinese or any other languages.
  • Name of the company shall end with the word "Corporation", "Incorporated" or "Limited"; the abbreviation "Corp.", "Inc." or "Ltd.".
  • There is no limitation for authorized capital. The standard authorized capital is USD1,000,000 with par value of USD1.00 for each share. The company could increase/change its capital from time to time after incorporation. The annual government fee, would not be affected due to the change its capital.
  • 1 director and 1 shareholder are the minimum requirements for a company. Director/shareholder can be individual or company of any nationality.
  • Generally, there is no limitation for the nature of business. Nevertheless, the company shall not conduct any investment, own the real estate is not allowed or carry on any business such as banking, trust, insurance, or any other franchise activities in Seychelles. It’s also prohibited to be the registered agent which providing Seychelles registered address to other Seychelles companies.
  • There are no requirements for holding annual general/board meeting or filing financial reports and tax return annually. The government fee should be paid on time. For the annual return, it should be filed by December 31 of the current year after 1 year of the incorporation date starting from January 01 to September 30; it should be filed by December 31 of the following year after 1 year of the incorporation date starting from October 01 to December 31. It is required for disclosure of beneficial ownership to authorities if there are change its director(s).

Singapore

Singapore, officially the Republic of Singapore, is a sovereign city-state in Southeast Asia, at the southern tip of peninsular Malaysia, with Indonesia's Riau Islands to the south. Its territory consists of one main island and other islands. Tekong is the largest outlaying island.
Singapore became independent in 1965. Since then, its economy has relied on international trade and human capital and become one of the original Four Asian Tigers along with Hong Kong, South Korea and Taiwan. In addition, it is a multicultural nation and one of the most international cities.
Singaporeans are mostly bilingual with English and their own mother tongues which are Mandarin, Malay or Tamil. Singapore is one of the major financial, services and shipping centers in Asia and is the third-largest financial center after London and New York.


Key features:

  • The company name must be in English, Chinese name is not allowed; Name of company must end with the words “Private Limited”, or the abbreviation "Pte Ltd.".
  • There is no limitation for share capital. The minimum number of share to be issued is SGD1.00. Capital verification is required.
  • Minimum of 1 local resident director (Singapore Citizen or a Singaporean Permanent Resident) for the company is required. Director must be individual of full age; corporate directors are not allowed. Minimum of 1 shareholder is permitted and shareholder can be individual or company of any nationality. An appointed local company secretary and registered address are required for the company.
  • A local auditor must to be appointed within three (3) months after the incorporation unless it’s an exempted company.
  • Generally, there is no limitation for the nature of business. Nevertheless, the company shall not conduct any investment, own the real estate is not allowed or carry on any business such as banking, trust, insurance, or any other franchise activities in Singapore.
  • Annual financial report and annual audit report must be filed yearly, failing which, penalty will be imposed for late payment.

Samoa

The Independent State of Samoa is commonly called as “Samoa”. It is located about halfway between Hawaii and New Zealand in the Polynesian region of the Pacific Ocean. The population is about 200,000 with 90% of Samoans and the rest are Eurasians and Europeans. English is the official language.
Samoa became independent in 1962 and joined United Nations on 15 December 1976. In 1987, Samoa enacted the International Company Act to establish a clear standard for the IBC’s formation and meet the business needs in Asia markets. The Samoa based offshore companies are exempt from all paying local taxes by carrying on business activities outside of Samoa and foreign exchange regulations. With its political stability and maximum confidentiality, Samoa has become a desirable choice to form an offshore company.


Key features:

  • A company name can be in English, Chinese or any other languages.
  • Name of the company shall end with the word "Corporation", "Incorporated" or "Limited"; the abbreviation "Corp.", "Inc." or "Ltd." (It may not be registered under a name that contains the word such as “Bank”, “Empire”, “Insurance”, “Imperial”, “Mutual Fund”, “Reinsurance”, “Royal” or “Trust”.)
  • There is no limitation for authorized capital. The standard authorized capital is USD1,000,000 with par value of USD1.00 each share. The company could increase/change its capital from time to time after incorporation. The annual government fee, would not be affected due to the change of the capital.
  • 1 director and 1 shareholder are the minimum requirements for a company. Director/shareholder can be individual or company of any nationality.
  • Generally, there is no limitation for the nature of business. Nevertheless, the company shall not conduct any investment or carry on any business such as banking, trust, insurance, or any other franchise activities in Samoa. It’s also prohibited to be the registered agent which providing Samoa registered address to other Samoa companies.
  • There are no requirements for holding annual general/board meeting or filing financial reports and tax return annually. The government fee should be paid by November 30 every year and penalty will be imposed for late payment.
  • Samoa has Chinese Embassy, which can speed up the process of legalized documents.

Summary of Jurisdictions

Jurisdiction Content Seychelles Samoa BVI Cayman Islands Hong Kong Belize Labuan Singapore
Chinese Name
(Standard) Authorized Capital (USD) 1,000,000 1,000,000 50,000股 50,000 HKD10,000 50,000 13,000 SGD500,000
Number of Director (Min) 1 1 1 1 1
(At least one natural person)
1 1 1
(Local Resident Director)
Number of Shareholder (Min) 1 1 1 1 1 1 1 1
Legal Entity/ Corporate Director
Registered Office/ Registered Agent
Local Resident Director
Local Secretary
Filing Requirement
Annual Return
Audited Report
Incorporation Timing (Days) 2 1 2 7 5 2 3 5
Shelf Companies (Days) 5 5 5 - 5 5 5 -
Delivery of Company Kit (Days) 10 10 10 15 8 10 10 15

Q&A

How long does it take for offshore company setup?

Jurisdiction Incorporation Timing (Days)
Seychelles About 7 days
Samoa About 7 days
BVI About 7 days
Cayman Islands About 30 days
Hong Kong About 10 days
Belize About 7 days
Labuan About 7 days
Singapore About 30 days

What are the necessary information or documents for offshore company setup?

  1. Nature of business and company structure, such as investment, holding and trading.
  2. Proposed or existing company name
  3. Copy of passport and address proof of director(s) and shareholder(s)