The process of setting up an offshore company is much less involved
than most people realize (and in most cases is quicker and easier
than in the case of setting up an onshore company)
Choose your preferred company of incorporation
First up of course you will need to decide which jurisdiction best
suits your needs. Much will depend on the kind of business you
intend to do and where you live. If the company is only going to
hold a single asset (eg a piece of UK property) then a basic
privacy haven IBC may suffice (eg a Seychelles or Belize IBC).
If yours is to be a trading company, and you have reasons for
wanting to keep your underlying ownership of the company as quiet
as possible, or if you are likely to do business in Europe or a
major financial centre then a more sophisticated kind of Offshore
company may be called for (eg a Hong Kong company, or a Cyprus
company or a US LLC).
Decide on a name of an offshore company
Some countries prohibit or do not accept certain words being
included as part of a company name. Examples of such words include:
Assurance, Royal, University , Bank, Trust, Building Society,
Cooperative, Chamber of Commerce, Chartered, Insurance, Imperial,
Municipal, Foundation, Casino, Fund, Securities or Pharmacy (or
anything suggesting the patronage of the government of the country
of incorporation). Given these names vary from country to country
it probably pays to Contact Us, once you’ve decided which country
you want to incorporate in, to find out what words can’t be used in
that particular country.
Also (especially in the more popular jurisdictions) a lot of names
have been taken already. Hence it’s probably best that you come up
with three choices of preferred name just in case your first
preferred choice is not available.