Overseas Incorporation

All companies & organizations start their business keeping in mind to extend the services globally. But without being aware of the country and country laws abroad, setting up of an International Business company is a tough work.

Saving taxes is one of the biggest motivating factors in registering an overseas company. The idea of registering your company in a zero tax or low tax country seems beneficial. There are many such countries which are apparently tax free. But you must be aware & analyse that such countries have a good reputation and preferably a Double Tax Agreement (DTA) with your home country, otherwise, you might be taxed in your home country for the taxes saved outside.

Not only this, but there are other factors that need to be considered before deciding which country will be the best option for your business. Some of these factors consist of incorporation and compliance, ease of doing business, quality of banking services etc. Sometimes the taxes saved by registering your company in low-tax countries is not worth the expenses in other areas of business.

Even for an online business, the country of registration may affect their clients. A company registered in an untrustworthy territory will have a hard time convincing client. This will be even more applicable if you need to attract investors in the future. The political stability of a country should be taken into account as well as future changes in the law that may harm your business.

But, deciding the country you want to incorporate your company in is only the beginning. The procedure of registering a company can often be complex and time-consuming. You will need professional help in decision-making as well as in implementing the process. Here at QA INTERNATIONAL, we have our business experts and attorneys globally that helps in registration, maintenance and compliance requirements necessary to keep your company up and running…

So, here’s how you should proceed…

1.) Ongoing Annual Fees & Compliance

Our Overseas packages are generally divided into two categories. First, the one-time charges of incorporation and its related expenses, and second, the annual charges for compliance requirements and annual renewal fees to the government. These fees have time-limits for payment. Make sure you pay these fees in time and if they are a part of our package, then be sure to tally that all filings and fees are paid within the time-limit.

2.) Documentation Requirements

Basic documentation required for a company incorporation initially includes:

• Memorandum and Articles of Association.
• Personal details of the shareholders & directors.
• Resolutions of appointment of directors and other important office holders.
• Passport copies and address proofs of all directors and shareholders. Usually, our overseas attorney will prepare this documentation after you give them the details and proofs, as there are a lot of legal and technical language required in them.
• Criminal Record NOC / Police Clearance Certificate.
• Social Media ID details of all shareholders.
• National ID’s copy (Aadhar Card / Voter Card / Pan Card / Driving license).

 3.) Annual filing requirements 

Filing doesn’t end with the registration period. There are a lot of annual legal requirements for a company, such as annual returns, and minutes of Annual General Meetings. Such compliances require the services of a secretary, and usually, we also provide these services, included in our annual packages.