Offshore company formation
Compare jurisdictions before choosing a structure.
| Jurisdictions | BVI, Cayman, Seychelles, Samoa, Anguilla, Singapore, Taiwan, Delaware |
|---|---|
| Minimum | Generally 1 director and 1 shareholder, depending on jurisdiction |
| Timing | Ready-made companies about 2 working days; Cayman about 7 working days |
| Fees | Generally include first-year registered address, agent and government fee |
Jurisdiction comparison
| Jurisdiction | Minimum requirements | Notes |
|---|---|---|
| BVI | 1 director, 1 shareholder | Common for holding structures |
| Cayman Islands | 1 director, 1 shareholder | Common for holding and fund structures |
| Seychelles | 1 director, 1 shareholder | Alternative offshore jurisdiction |
| Samoa / Anguilla | 1 secretary, director, shareholder | Requirements vary by agent |
| Singapore | Local resident director, 1 shareholder | Local registered address and company secretary required |
Documents needed
- Proposed jurisdiction and company name.
- Identity and address proof for directors and shareholders.
- Business nature and intended operating location.
- Share capital and share allocation.
- Corporate shareholder registration and ultimate owner information, if applicable.
Annual compliance
Offshore companies generally need annual renewal, government fees and a registered agent and address. Some jurisdictions require annual returns or financial information. We remind clients before renewal dates.
Hong Kong tax: FSIE
An offshore company is not automatically exempt from Hong Kong tax. Since 2023, Hong Kong has operated the foreign-sourced income exemption (FSIE) regime. Income received in Hong Kong may remain taxable if the exception conditions are not met. The treatment depends on the company structure, where it operates and the source of profits.
Frequently asked questions
Is an offshore company tax-free?
No. An offshore company is not automatically exempt from Hong Kong tax; the FSIE regime and the source of profits must be considered.
Do I need to file Hong Kong tax returns?
If the company carries on business in Hong Kong or has Hong Kong-sourced profits, a profits tax return may be required.
Can I open a Hong Kong bank account?
Banks assess the structure, business and shareholders under their own policies; opening an account is not guaranteed.
What does the annual fee cover?
Generally the registered agent, registered address and government renewal fee; the exact scope depends on the jurisdiction.
Are company details public?
Disclosure requirements differ by jurisdiction; check the local registry rules before incorporation.
Not sure which jurisdiction fits?
Tell us about your business, shareholders and banking needs and we will compare the options.