QUICK LOOK INTO OFFSHORE COMPANY FORMATION
Most of the entrepreneurs settle on incorporating an Offshore type of company because of its simplicity and cost effectiveness. An offshore company, which can also be referred to as "International Business Company (IBC)", does not require the physical presence of shareholders during its incorporation. There will be no public record of the shareholder's and director's identity; and there will be no requirement to maintain records and books.
SINO MIDDLEEAST COMMITMENT
Sino Middleeast is committed to be of service, every step of the way. From identifying the most suitable business solution to your requirement, to completing the entire incorporation process. We commit to be your aid in ensuring that your business is up-to-date. Our team will be here to help you in all post-registration requirement of your company, e.g. amendments, document attestations, and in any other pertinent requirement.
QUICK LOOK INTO OFFSHORE COMPANY FORMATION
Most of the entrepreneurs settle on incorporating an Offshore type of company because of its simplicity and cost effectiveness. An offshore company, which can also be referred to as “International Business Company (IBC)", does not require the physical presence of shareholders during its incorporation. There will be no public record of the shareholder's and director's identity; and there will be no requirement to maintain records and books.
One appropriate reason for incorporating an Offshore company is its ability to act as an intermediary or a holding company for private wealth or business interests.
An Offshore company can be incorporated in one day, subject to submission of the following documents:
For an Individual Applicant |
For a Corporate Applicant |
Clear valid passport copy |
Certified True Copy of License |
Most recent proof of residential address (not more than three months) |
Certified True Copy of Certificate of Incorporation |
Most recent bank reference letter (not more than three months), certifying the existence of his/her personal bank account |
Certified True Copy of Memorandum and Articles of Association (MOA) |
Most recent Curriculum Vitae |
Updated and original or Certified True Copy of Incumbency Certificate |
Important Note:
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For offshore company, an updated and original Certificate of Good Standing |
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Original Shareholder's Resolution deciding to open an offshore company. The resolution must indicate the name of the person, authorized to sign the documents for the formation of the company. If the authorized person is not the shareholder or director of the corporate applicant, the resolution must be accompanied with a notarized Power of Attorney. |
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Clear valid passport copy of the shareholders and directors |
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Important Note:
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OFFSHORE AND ONSHORE INCORPORATION
Both Offshore and Onshore incorporation undergo pre-approval process. During the pre-approval stage, the government will require the name of the proposed company, the purpose or object of the proposed company and the structure of the company.
The actual incorporation process will initiate upon approval of the company name and activity.
Upon completion of incorporation, the company will receive the following corporate documents:
Offshore |
Onshore |
Certificate of Incorporation |
Certificate of Incorporation |
Memorandum and Articles of Association |
Trade License |
|
Memorandum and Articles of Association |
Other relevant documents which can be obtained upon request are as follows:
- Incumbency Certificate
- Share Certificate
- Register of Members
- Certified True Copy of corporate documents
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