Company Setup

Company Setup

Offshore company setup has evolved as the new trend now. Due to this reason, so many business owners these days are also looking forward to the company setup offshore. With offshore company setup, you will be able to save more money. 

KNOW ABOUT TAX LIABILITIES BEFORE YOU FORM HOLDING COMPANY

Acquiring of other companies would be easier if you set up holding company. If the holding company totally acquires another company it is called fully owned and managed subsidiary of that holding company.

However, starting a holding company comes with many challenges. Below is a step by step guide to make the process more streamlined:

1.       Determine the sector and domains you wish to target, access the market thoroughly, estimate the profitability of your investment before you delve in the matter completely.

2.       Devise a rock-solid business acquisition strategy and also set 5 year goals for your company. Determine the number of staffs you may keep and the amount of capital investment you need.

3.       Select a legal, accounting firm (like Atrium Associates) who can give sound advice on acquisition process, taxation and other regulatory laws. 

4.       Acquire confidence of your shareholders and equity partners by displaying your plans and goals.

5.       Create a business website for your holding company for showcasing the dynamic nature of your business.

 

FORM HOLDING COMPANY

Know about tax liabilities before you form holding company: 

One of the most lucrative incentives to establish a holding company lies in its tax benefits. A holding company benefits from the Substantial Shareholder Exemption scheme if it holds 10% of subsidiary shares for a 12 month time period.

Holding companies that have share acquisition in subsidiaries receive dividends and prevent it and subsidiaries from takeover can also enjoy the VAT exemptions according to the guidelines by HMRC.

VAT registration for a holding company is mandatory only if annual income exceeds beyond 85,000 euros per year. In such cases, voluntary registration for VAT is necessary to avoid penalties.

5 EASY STEPS TO REGISTER COMPANY IN USA

2020 is the year of e-commerce and online business. Hence, adopting a business model which is operational completely online may be very advantageous. With people cooped up in their houses to maintain social distancing norms, buyers have gone totally online to meet daily needs.

Let’s look into some brilliant strategies for successful online company setup in 2020:

1.       Study the market: Accessing market saturation ad competitors, keeping prices of goods and services at a competitive rate may be particularly beneficial to attract large customer base.

2.       Create a website to increase online presence: A website is like a 24*7 virtual salesman displaying your trade and enable customers to shop easily.

3.       Active Blogging: Blogging can draw large number of traffic to your website increasing your online presence.

4.       Increase social media presence: Social media is emerging as a powerful business tool. With people hooked on to social media sites all day, these places may be appropriate for business marketing. Social media can increase traffic to your website bringing you potential customers.

5.       Invest in Pay per Click (PPC) Ads: Organic traffic takes time to yield results but ads can fetch you clients in no time.

6.       Use email-marketing: Lead generation and client communication can be done easily through this.

7.       Track your website with analytical tools: Google Analytics help determine traffic flow and draws customers to your website.

8.       Design a logo: Construct a logo for a unique business identity.

 

REGISTER COMPANY

5 easy steps to register company in USA are:

1.       Choosing a unique business name

2.       Selecting the business entity, for example: a LLC or Corporation.

3.       Choosing the state you will register your business in

4.       Obtaining a unique Federal Tax Number

5.       Getting a business bank account

 

Changes to Setup Offshore Company post covid-19 pandemic?

Covid-19 pandemic has not only taken lives of many but also has impacted all major sectors reducing significant business revenue generation around the globe. Needless to say, it has also majorly impacted the offshore company sector.

Setup Offshore Company

Several changes in offshore banking sector to setup offshore company need to be made in the post pandemic world. These include:

1.       Offshore digital banking: Domestic banks were initially not very keen about going digital. But in the post pandemic world, since the account holders are usually from various countries offshore banks are offering smooth digital transaction options.

 

2.       Increased cyber security and data privacy: Since, offshore banks are going online they are taking special care to look into the matter of heightened cyber security to protect sensitive client data.

 

 

3.       Increased customer faith in offshore banks: Even during covid-19 severe economic crisis these banks have thrived and carried out successful business. This has increased customer trust in offshore banking.

 

How to register offshore company in USA?

An offshore company has to register in the state where it conducts business.  The company has to pay federal and state income taxes on the money it has earned within the US jurisdictions.

The offshore company requires registering with the Federal government depending on the nature of business, for example: a pharmaceutical company.

IRS registration: According to FACTA (The Foreign Account Tax Compliance Act) offshore financial institutions need to register and report IRS about daily transactions and the identity of the account holders. However, IRS exempts NGOs (Non-Profit Organizations) and small Government Houses from regular reporting. In case, IRS registration and reporting process is not done the offshore institution is subjected to IRS investigation and subsequent penalties.

Register LLC Company

Register LLC Company

If you want to register LLC company, then you must consider a few points first. Among all these points the selection of the right jurisdiction to register LLC company is the most vital aspect. We can suggest you about those jurisdictions.

6 Perfect Places to Open Offshore Company with Bank Account

Offshore company may be the perfect option for you depending on the type of business you have. If you have a digital or e-commerce business setting up an offshore company comes with its own benefits.  An offshore company is one which has a different place of operation than its location coordinates.

Here are, 5 tips for you to buy offshore company:

·         Getting a registered agent can not only save time but also make the process streamlined. At, Atrium Associates, we guarantee successful offshore company establishment with fast opening of offshore bank account; fast tracking your trading business. Our agents are dedicated and reliable and we work remotely at the best industry rates.

·         Get the following documents ready and certified by a lawyer: 1. Passport copy, 2. Public Service Bill, 3. Bank reference

·         Send the documents over to our agent and pay online.

·         Within a couple of days, the documents may be reviewed and a confirmation mail will be sent to your email.

·         Next, the offshore bank account opening process is started.

 

Offshore Company with Bank Account

6 perfect places to open offshore company with bankaccount

 

1.       Cayman Islands: Known as the tax haven. The country is famous for minimum tax liability and maximum tax benefits.

2.       Switzerland: It is the best country for asset protection owing to the country’s stringent privacy laws.

3.       Singapore: If you have a lot of money, it is best to invest in a Singapore bank. It is the best option for the wealthy businessmen.

4.       Belize- Known for its highest interest rates for offshore bank accounts.

5.       Nevis- About 70% companies which are established in the country are offshore companies.

6.       Germany- The country has some of the safest banks to keep money in.

 

 

6 Perfect Places to Open Offshore Company with Bank Account

 6 Perfect Places to Open Offshore Company with Bank Account

Incorporate Holding Company- Learn About its Advantages

 A holding company usually does not manufacture or sell any service or product and does not conduct business operations but it holds stock and membership interests in various different companies.

The main purpose to establish holding company lies in the fact of how it can be used.  A holding company structure is usually popular with large businesses and enterprises where a company manufactures various types of goods like healthcare, skincare, baby care, hair care products. Instead of structuring various divisions within the company it can be structured with a holding company and other subsidiaries. This makes the business model simple generating channelized profits. Each unit of business is a different subsidiary and the holding company holds an interest to control.

Incorporate holding company- Learn about its advantages.

Advantages:

1.       Protection of Liabilities: Restructuring the business into various subsidiaries places the debt of a particular subsidiary onto itself and the whole business would never suffer a setback for an undesirable financial crisis.

2.       Asset control and lower costs: A holding company has a controlling interest over all subsidiaries but does not need to own every share and interests. Hence, a holding company can get control of another company and its assets at a reduced cost.

3.       Lower interest rates for debts: A holding company can procure loans at a lower cost than an operating company and channelize funds to the subsidiaries in case of credit debt.

4.       Day to day management is not required:  A holding company does not need cumbersome management teams because each subsidiary has its own management.

Thus holding companies in UK are becoming increasingly popular and are one of the rock-solid foundations for running successful big businesses.

Why Buy Offshore Company? | Atrium Associates

 Buy offshore company refers to a broad range of investment strategies that capitalize on benefits offered outside of an investor's home country. There is no deficiency of investment opportunities provided by trustworthy offshore companies that are monetarily sound, time-tested, as well as most significantly, legal.

Depending on your situation, offshore company with bank account investing may provide you numerous advantages including tax advantages, asset protection, as well as privacy.

Globalization

Driven by global trade and investment, and connected by technology, globalization is rapidly creating opportunities for trades structured offshore. Conventional barriers are gone - growing your business means thinking globally. Your best market could be one you haven’t considered about yet, and it might just be emerging. With a global frame of mind and an offshore company, you should spot good opportunities plus move fast. Globalizing also offers you an edge over the competition.

Buy Offshore Company

Tax Benefits

Set up and managed appropriately, an offshore corporation will diminish or else completely remove a business’s tax burden depending on the laws of the state where it is incorporated. In full fulfilment with local tax laws of a meticulous jurisdiction, an offshore corporation increases value to its shareholders by lawfully reducing their tax liability. With current corporate tax rates as high at thirty-five percent in some home countries, it’s no wonder corporations select to buy and invest in foreign companies.

Less Red Tape

It’s easy to set up an offshore corporation in a jurisdiction that is a high-quality fit for your business, and it’s easy to maintain it. To draw direct investment, local governments grant concessions and provide advantages for new companies as well as for existing companies that want to expand globally. Laws are intended to provide flexibility in offshore structuring as well as capital. If you are looking for offshore company with bank account, consider hiring Atrium Associates.

Register Holding Company

The benefits that you can reap when you register holding company, often depends on the size and type of the business. When you register holding company, you also ensure that you have centralized control on the business and can reduce risk enormously. 

Company Incorporation

Company Incorporation

We make company incorporation look convenient and easier for you. There are different types of business that you can start now with the offshore company incorporation process. And we are here to make every step related to the company incorporation look easier for you.

Why Do Business Owners Need Company Incorporation Services?

The legal procedure to Company registration or corporate entity is termed as the Incorporation of a company. It includes the procedure of separating the assets, the income of the firm from the owners as well as the investors. Incorporation of a company is the lawful procedures that engage declaring the corporate body separate from the legal owners or else the investors of the corporation.

What are the key features of Company Incorporation?

The company incorporation describes the method how the company is lawfully formed and brought into survival.

Incorporation of the company involves drafting as well as writing up the article of Incorporation and also recognizing the shareholders.

When two or more persons, at least seven in case of public ltd come together to form a corporation for doing legal business after disclosing their names in the communication of association and fulfilling the other lawful requirements. It is referred to as the Incorporation of the corporation.

 Company Incorporation

Why do you need to incorporate your business?

You need to incorporate your business for –

·         Savings of tax

·         Protection of the liability

·         The credibility of the business

·         Ease of raising capital

·         Perpetual duration

·         Ownership transfer

·         Privacy

Corporate Veil

Incorporation efficiently creates a defensive sphere of limited liability known as Corporate Veil, which defends the interest of the company’s shareholders as well as directors. Thus, incorporated businesses can assimilate numerous risks that assist in the growth of the corporation as well as business without exposing owners, directors, and shareholders to numerous financial liabilities outside of their unique investments in the corporation.

Corporate personality

The Incorporation of the company assists in setting up a legal body of the firm irrespective and different from the legal entity of the stockholder, owners of the firm, which is dissimilar from the partnership firms. Are you looking out for a business adviser for company formation? Consider hiring Atrium Associates. 

What Should you Consider for LLC Formation with Bank Account?

 Offshore LLC company formation, you have established a separate trade entity which offers you with limited liability fortification. Because your business is a separate entity from you, you are needed to separate your business finances from your individual finances. While it may be tempting to comingle your business funds with your individual funds, doing so risks jeopardizing this limited liability protection.

 

Aside from the lawful obligation to maintain a split bank account for your limited liability corporation there are also level-headed reasons for having a separate business bank account, too.

 

How to Open an LLC Bank Account

 

LLC formation with bank account isn’t quite as easy as setting up a personal bank account; it shouldn’t take up too much of your time, offered you do the proper research and bring the correct papers to the bank.

 

There will be differing fee structures as well as service alternatives. You will also need to decide on things such as overdraft fortification, the capability to write checks from the account, or a debit card to go with your account.

 

LLC Formation with Bank Account

Opening an LLC Bank Account

 

Once you have gathered together all the appropriate documentation, you can then meet with your banker to open a bank account for your LLC. Doing your research earlier as well as bringing all the requisite documentation with you will make this final step in the procedure an easy one.

 

Not only is a separate business bank account a obligation for your LLC, having one will also assist you with numerous of the realistic aspects of running your business, such as accounting for expenses, paying your business bills as well as depositing customer payments. Furthermore, using your bank account dependably will assist you to establish a more solid relationship with your bank, which will be predominantly expensive if your LLC has credit requires in the future.