Setting up a company for Expatriates
If you’re an expatriate, setting up an offshore company — whether an International Business Company (IBC), a Limited Company (LC), or a Limited Liability Company (LLC) — may be an ideal solution when providing personal services. A Personal Services Company (PSC) enables those who live abroad from their country of citizenship to take advantage of tax planning set-ups and reduce tax burdens should they not be a current resident in their home country and should they travel often and bill abroad for work purposes.
By setting up an offshore company, an expatriate who works as an independent contractor — regardless of which industry they work in — can bill through the company as opposed to billing as an individual. The company owner can then enjoy dividends, consultation fees, and/or a salary from the incorporation registered offshore.
A Limited Company that functions as a Personal Services Company is efficient not only for taxation purposes, but also for streamlining invoicing, and for enabling the set-up of an offshore bank account, which allows the beneficial owner to collect money from companies based anywhere in the world and work in the currencies that most suit their needs.
Incorporating an International Business Company (IBC), a Limited Company (LC), or a Limited Liability Company (LLC), such as in the Seychelles, Hong Kong, or Delaware, respectively, also allows the independent contractor to demonstrate professionalism via a registered company name. And the business owner can also enjoy privacy when registering a company in a jurisdiction that does not have publicly filed records, or they can even opt for appointing a nominee director and/or nominee shareholder for further confidentiality. The offshore company can also allow an expatriate to hold international investment instruments including listed and unlisted shares in other companies, bonds, and commodities in the name of the company.
SFM works across 15 different jurisdictions, and we offer expatriates the possibility of forming an offshore incorporation in as rapidly as 24 hours, followed by the opening of an international bank account within a matter of days.
From start to finish, SFM can handle all company formation and bank account opening processes for you. We offer a one-stop-shop for all your corporate and bank account opening service requirements. To start the process today, complete an online order form at the following link: ORDER NOW
Legal Disclaimer : This diagram is provided for illustration purpose only. Nothing on this page shall be construed as either a tax or a legal advice. Please obtain any necessary prior advice from a tax or legal specialist in your country of residence/operation to ensure that services acquired through SFM are used in accordance with the applicable legislation.