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Offshore Company Formations – Step-by-step Procedure

By Author: Josef Pitor
Total Articles: 7

Business itself is a very systematic process. You need to play your moves very carefully backed by systematic planning in order to establish in the market properly. Similarly, offshore incorporation setup is the process of systematic steps that is regulated by the guidelines of the offshore jurisdiction. Process undertaken in setting up any offshore company is very similar to that of a domestic corporation. You need to hire a licensed agent for documentation and legal procedure of offshore jurisdiction of your preference. Always make sure while hiring licensed agent for offshore company formations that your agent is experienced and have exemplary past track record. These essential ingredients will make your procedure lot swifter.
Before you hire offshore incorporation licensed agent for your offshore company make sure you know the procedure, so that you can supervise whole procedure by yourself and setup your company in least possible time.
Important procedure of offshore incorporation
As said earlier, setting up offshore company formations is a step-by-step procedure; you must know what procedure will be used while dealing with your licensed agent regarding your offshore company requirements. This procedure includes,
Free consultation – Generally, all licensed agent start with free consultation for setting up offshore company formations. Make sure you have found a license agent who deals in your preferred offshore jurisdiction and have already done similar procedures in the past.

Remember, hiring an inexperienced licensed agent can ruin your chances of setting offshore unit. Once you are satisfied with the consultation procedure, you can proceed with contacting your licensed agent through various mode of communication they offer.

Quotation calling – Once done with the consultation it’s now time for quotation calling. Here you can fill up the order form for a quotation. Make sure you have filled all the information clear and accurate, and email it to your licensed agent. While placing a quotation make sure you have provided important information like your preferred offshore jurisdiction, company type, offshore company name that you would prefer etc. Your licensed agent will get back to your with a detailed draft invoice.

Payment – Now, if you are satisfied with the price quoted in the invoice by your licensed agent, you can make the payment as soon as possible in order to start the offshore incorporation processing. Please note all payments must be done before the initiation of the processing. In case you have urgency, try to make payment through credit card or bank wire transfer, and preserve a copy of the transaction for your reference. Generally, licensed agents receive payments through bank wire transfer and various other leading card types.

Required carefulness – For identification purpose you need to submit supported documents. Licensed agent or its representatives will ask you for submitting these documents; make sure you keep them ready, so that you don’t get delayed while arranging them later.

Bank, brokerage or other account applications – Opening of these accounts need filling up of form. Licensed agents fill in the form as much as possible and forward it to the applicant for checking and signature. Once done with the needful action, forward back to your licensed agent through email or courier service.

These are the basic procedures which you need to follow while dealing with licensed agent for offshore company. For more information : http://www.sterlingoffshore.com/

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