offshore company formation

The costs for the “registered office” and the “registered agent” for the foundation year are already included in these one-time foundation costs.

The usual, annual costs of total $ 400.00 become due from the 1st January of the year following the foundation.
If the costs are not paid to the 30th June of every year, then from the 1st July of every year, a one-time default fee in the amount of $ 50.00 will be due, which will increase to a one-time amount of $ 100.00 with another default from the 1st October of every year.
If no payment of the annual fee is made up to the 31st December of every year, then the company will be closed without further reminder from the IBC register. The costs for the "registered agent" and the "registered office" should be paid up to the closing of the company!
The annual costs for an IBC with a share capital of more than $ 50,000.00 amount to a lump sum of $ 1,000.00, that of an IBC with share "no par value" to a lump sum of $ 700.00. For the rest, the preceding information is applicable accordingly.

As far as you order the above nominee services (nominee director and/or nominee shareholder), the costs given for that are collected for the whole period of the service, due and payable annually as per the respective foundation year of the company, that is, then within a period of 4 weeks before the foundation date of the company.

-Nominee director, natural person: No “formation/Nominee director” ,an employee of the Belize tax advisory and law office is appointed as director of the company, accessible and reachable throughout the term of the agreement (unfortunately this is not always the case), nomineeship agreement between the nominator and nominee: 200 USD/mo., adminstration fee: 490,00 Euro

-Formation of a UK Ltd: Company name availability check, registration with the Companies House, all documentation, preparation of memorandum, preparation of articles of incorporation, statutory register, help file (including templates for: letterhead for UK permanent establishment and representative office or branch subsidiary outside the UK, invoicing, employment contract or independent contractor agreement, specifications for UK website, and much more): EUR 998,00

-Registered Office (NOT sufficient for an “ordinary place of business,” see Head Office below; a Head Office is generally a co-requirement): EUR 190,00 for the first year, GBP 84 per year thereafter.

-Apostille set, notarized certifications: Company statutes in English, notarized by the Companies House; company statutes in the language of the client’s home country, translated and notarized by a sworn translator approved by the UK courts; commercial register entry, notarized by the Companies House and apostilled by the UK Foreign Office: EUR 590,00 (required only if a subsidiary location or non-independent branch location registered with the trade authorities is to be established outside the UK, not for representation. Is also required for opening bank accounts outside the UK).

-Maintenance of your company statutory books (all communication with the British tax authorities and HMRC/Companies House via fax, telephone, e-mail, creation of Annual Return, deadline check with HMRC and Companies House, NO bookkeeping/year-end accounts): EUR 400,00 for the first year, GBP 120 per year thereafter.

-Nominee director, legal entity: No “formation director” or director in “Belize” (beware of cheap offers!), British tax advisory and law office appointed as director of the company, accessible and reachable throughout the term of the agreement (unfortunately this is not always the case), nomineeship agreement between the nominator and nominee. EUR 700,00 for the first year, plus EUR 400 administration fee.

Note: In accordance with UK law, legal violations may lead to restriction of access for the director. For this reason, agreements to be signed by the nominee director must undergo prior legal review. Our UK tax advisors/attorneys charge between EUR 70 and EUR 150 per agreement that they are asked to sign in their capacity as nominee director. Independently thereof, the nominator (client) holds general power of attorney and thus has the ability to sign contracts independently (“on behalf of”), in which case no costs are incurred.

Warning: As of October 2008, legal entities are NO LONGER allowed to act as directors of UK Limited companies, only natural persons.

-Nominee director, natural person: No “formation director” or director in “Belize” (beware of cheap offers!), an employee of the British tax advisory and law office is appointed as director of the company, accessible and reachable throughout the term of the agreement (unfortunately this is not always the case), nomineeship agreement between the nominator and nominee. EUR 1,500 per year for the first year plus EUR 500,00 administration fee (due to the high liability risk, this service is subject to certain requirements, please inquire!)

-Permanent director: An employee of the British-based office acts as director of the UK limited company, with a General Manager’s contract plus wage and social security benefits. Fees depend on expenses and income of the Ltd, between EUR 600 and EUR 1500 per month.

-Client becomes second director: Founder/client/beneficiary becomes a second director of the limited company with joint signing authority (both signatures required): One-time fee of EUR 490,00

-Nominee shareholder: English tax advisory and law office acts as nominee shareholder of the limited company (X - 100% shareholder): No formation shareholder or shareholder in Belize (beware of cheap formation offers!): EUR 980,00 for the first year, plus EUR 400 administration fee.

-London Head Office, Version 1: A Registered Office does NOT sufficiently constitute an ordinary place of business in the UK (could be viewed as a dummy corporation and/or the UK financial authorities may deny VAT registration). In Version 1, the UK Ltd receives its own phone and fax number with voicemail; incoming phone calls are forwarded to you via e-mail as sound file attachments; otherwise, a deliverable postal address is provided and mail is forwarded on to you. This prevents suspicion of a dummy corporation in connection with your nominee director's "real office" (this is crucial): EUR 690,00 for the first year, thereafter EUR 260.00 per year plus mail forwarding fees (EUR 50.00 deposit required)

-London Head Office, Version 2: A Registered Office does NOT sufficiently constitute an ordinary place of business in the UK (could be viewed as a dummy corporation and/or the UK financial authorities may deny VAT registration). Version 2: Deliverable postal address in the US, mail forwarding, your own telephone number with personal answer service in the name of the company, fax, call forwarding to your phone available, company nameplate. Lease agreement between the landlord and the Ltd. Offered by our British-based tax advisory office at the office site, i.e. at the nominee director’s place of management. Temporary use of office and conference spaces for an additional fee optional. You will be notified of incoming phone calls via e-mail, fax or SMS. Fees: EUR 150,00 per month (payable 6 months in advance), one time setup fee of EUR 600,00. Call forwarding: plus any incurred call charges from British Telecom.

-London Head Office, Version 3: A Registered Office does NOT sufficiently constitute an ordinary place of business in the UK (could be viewed as a dummy corporation and/or the UK financial authorities may deny VAT registration). Telephone answering with company name, company address in London, company nameplate, mail forwarding, temporary rental of fully equipped office and conference rooms: www.regus.com. We will put you in touch with the provider, agreement signed between your Ltd and the Business Center.

-VAT registration/Sales tax ID number: GBP 249,00 Payable directly to the tax advisory firm in London, not included in the package. Within the scope of intra-Community deliveries and services, the VAT-registered UK Ltd issues invoices excluding VAT, as long as the service recipient is located outside the UK and also holds a VAT ID (6th EU Directive, reversal of turnover tax liability, service recipient pays VAT). VAT registration required for sales higher than GBP 60,000 per year.

-New bank account setup in the UK: New bank account including Visa card and online banking, Beneficiary has sole transaction authority: One-time fee of EUR 790,00

-New bank account setup in Austria (including online banking, Visa and debit card): One-time fee of EUR 900,00 The apostille set is required for this service. No travel to Austria is required. Austria offers a very high level of banking secrecy as guaranteed by its constitution; no information is disclosed except in serious criminal cases.

-Registration of a non-independent branch location (available in Germany, Denmark, France, Italy and Spain): The UK Ltd and permanent UK establishment must apply for registration and NOT the client. (beware of cheap providers!). Considerable administrative expenses are therefore incurred. The apostille set is required for this service: One-time fee of EUR 700,00

One-time fee amounts are calculated in advance and are understood to be net plus VAT if applicable. Partial payments (50% in advance, 50% after receipt of formation documentation by fax) incur a 5% fee. If taking over an existing Ltd, the fee must always be paid in full and in advance.

Annual fees (as of the first year) are considered deductible expenses and therefore reduce your taxable income. The same applies to costs for tax advisory services and year-end accounts. Foundation fees can be billed as "Tax and legal advisory services" to your German-based company, for example, and are equally deductible.

Fees for bookkeeping, advance sales tax reporting, year-end accounts (UK tax adviser)

-Formation fees and expenses, including legal fees,Registrar of Companies fees printing, translation into the English language, full set of company documentation, company stamp and seal, etc: 3,900 Euro

-Apostilization of documents: 390,00 Euro

-Registered Office: 300,00 Euro/Year, first Year 590,00 Euro
-Secretary: 300,00 Euro/Year, first Year 590,00 Euro
-Corporate Director: 600,00 Euro/Year, first Year 1,200 Euro

No “formation director” or director in “Belize” (beware of cheap offers!), an employee of the cyprus tax advisory and law office is appointed as director of the company, accessible and reachable throughout the term of the agreement (unfortunately this is not always the case), nomineeship agreement between the nominator and nominee.

-Nominee Shareholder: 350,00 Euro/Year, first Year 690,00 Euro
-Legal retainer fee: 350,00 Euro/Year, first Year 490,00 Euro
-Opening a bank account: 990,00 Euro
(New bank account including Visa card and online banking, Beneficiary has sole transaction authority)
-Obtaining VAT number: 290,00 Euro

-Registration of a non-independent branch location (available in Germany, Denmark, France, Italy and Spain): The cyprus Ltd and permanent establishment must apply for registration and NOT the client. (beware of cheap providers!). Considerable administrative expenses are therefore incurred. The apostille set is required for this service: One-time fee of EUR 700,00

-Cyprus Head Office: A Registered Office does NOT sufficiently constitute an ordinary place of business in Cyprus. Telephone answering with company name, company address Cyprus, company nameplate, mail forwarding, temporary rental of fully equipped office and conference rooms: www.regus.com. We will put you in touch with the provider, agreement signed between your Ltd and the Business Center.

Fees will depend on the services used. We are happy to submit to you an individual offer. Please find below an overview over services and fees:

· Swiss GmbH: Entry in the commercial register of the country, apostille, notary, publication, Articles of Association, opening of an bank account for the Swiss GmbH: 5,300.00 euros

· Swiss AG: Entry in the commercial register of the country, apostille, notary, publication, Articles of Association, opening of an bank account for the Swiss AG: 7,200.00 euros

· Branch office of an EU company (without nominee branch manager, without domicile): 3,600.00 euros

· Nominee Executive Board at Swiss AG: 4,600.00 euros in the first year, in the following years 5,000.00 CHF annually

· Nominee managing director (only second managing director): 4,200.00 euros in the first year, in the following years 5,000.00 CHF annually

· Nominee partner or nominee shareholder (at Swiss AG): 1,500.00 euros in the first year, in the following years 980.00 euros annually

· Nominee branch manager at a branch office or "permanent representative" at a branch office in domicile privilege: 1,600.00 euros annually

· Please note: In addition, the Swiss company should also domiciled at a business centre (signboard, own telephone number, personal attention, fax, mail forwarding service), if no proper office is leased. At the Zug Business Centre, for example, the fees for one year amount to 1,200 CHF per year for the domicile address, approx. 300 euros per month for a proper telephone number, fax, deliverable postal address, mail forwarding service.

· Administration (BH, WP, taxes): Depending on expenses and efforts 2,000.00 CHF annually as a minimum

· Entry in the commercial register of the country, apostille, notary and local court

· Nominee branch manager: A person with fiscal residence in Switzerland will act as a branch manager to the outside. In the event of domiciled companies: permanent representative.

· Opening of a business account in Switzerland incl. credit and EC card, online banking

· LCT service package: 40-page handout “Management Support for Your Company Abroad“ including contract and invoice specimen, important notes and reference.

· Extra service liable to charges > real domicile of the company in Zug, Switzerland **: Proper telephone number, incoming calls are personally taken with the company’s name, fax, signboard, mail forwarding service, temporary lease of office or conference rooms (against extra charge) or different procedure (see below**)

3,600.00 euros for the establishment of a branch office, 1,600 euros annually for the position of a Swiss branch manager that is a total of 5,200.00 euros excluding domicile of the company in Zug. For the tax domicile privilege (provided that the branch office is meant to act as a genuine domicile company = 8.5% taxes): a one-off fee of 1,200 euros is charged.

1. We are able to establish your branch office at the Zug Business Centre or RegusOffice . For the Zug Business Centre the following fees shall apply:

· Telephone and mail service: 450.00 CHF per month (proper telephone number, incoming calls are personally taken with the company’s name, fax, mail forwarding service)

· Central telephone number in Switzerland. Incoming telephone calls will be communicated to you accordingly: installation fee 300.00 euros, administrative flat charge 600.00 euros/year

See solution 2 above, only that you will receive a Swiss cell phone with international roaming. With your cell phone you are able to call up/ receive your calls worldwide :

· Cell phone (contract issued for your company), purchase, installation, handover: One-off fee of 300.00 euros + costs of delivery to client

Capital increases: 500 euros for each additional 1 million, from 100 Million euros: 1,000 euros per every additional 10 million, from 500 million euros: 1,000 euros per every additional 50 million

Legal services: (after consultation with our lawyers) SEC stock exchange approval for share sales on the NASDAQ/OTC and other stock exchange markets, venture capital service, aircraft trust contracts to maintain the FAA licensing, personal change of name through an U.S. intermediate court of appeal, research service, immigration services, miscellaneous

· Formation of an S.L. company and entry in the commercial register of the country (Spain)

· Opening of a bank account for the S.L. at a Spanish bank, incl. internet banking and Visa Card

· Domicile of the company in Spain, deliverable postal address, telephone, fax, paid for the first business year

· If necessary: Registration of the dependent branch office beyond the Spanish border

Total price: 6,900.00 euros. In addition, the founder is obliged to pay in a share capital of 3006.00 euros, however, this sum can be immediately withdrawn afterwards! Follow-up costs effective after the first business year: 1,800.00 euros annually.

· Formation of the S.L. company and entry in the commercial register of the country (Spain)

· Opening of a bank account for the S.L. at a Spanish bank, including internet banking Visa Card

· Domicile of the company in Spain, deliverable postal address, telephone, fax, paid for the first business year

· If necessary: Registration of the dependent branch beyond the Spanish border, support for contract preparation and invoicing

Total price: 6,400.00 euros. In addition, the founder is obliged to pay in a share capital of 3006.00 euros, however, after that this sum can be immediately withdrawn afterwards! Follow-up costs effective after the first business year: 1,500.00 euros annually.

B. Fees for the formation of an S.L. excluding nominee services (you or another person have chosen Spain as centre of life), excluding opening of a bank account, but including a company address in Spain for 1 year:

· Application for and certificate for a company name in the Madrid Central Registry

· Preparation of the Articles of Association and formation of the company at the notary

Total price: 3,600.00 euros. In addition, the founder is obliged to pay in a share capital of 3,006.00 euros, however, this sum can be immediately withdrawn afterwards! Follow-up costs effective after the first business year: 900.00 euros per year

C. Fees for S.L. formation (sole formation, excluding special services): Formation of S.L. company with services analogous to B, no company address in Spain. Total price: 2,800.00 euros. In addition, the founder is obliged to pay in a share capital of 3,006.00 euros, however this sum can be immediately withdrawn afterwards!

D. Takeover of an existing S.L. (reserve company): You take over an already existing S.L., which, apart from carrying out the transactions related to its foundation, failed to perform any transactions. It is a matter of course that such an S.L. is clear of any debts. Our reserve S.L.s are 1-4 years old, availability upon enquiry. Fees: In addition to the formation fees charged as in items A-C an extra charge of 1,500.00 euros is due.

E. S.L. branch in a different country: 400.00 euros plus costs for notary and local court

Total: 10,455.00 euros. Annual fees effective from the second business year: 3,600.00 euros

· - Account opening in Dubai (Commercial Bank of Dubai, Visa Card and Internet banking)

Plus: notary and court fees, approx. 3,000.00 euros in the Jebel Ali Free Trade Area

Note: No longer possible other than in the Dubai Airport Free Zone or the Ajman Free Zone, all