FAQs OF FORMATION OF OFFSHORE COMPANY
| Q: | Can the name of an offshore company written in Chinese characters? |
|---|---|
| A: | Yes, in certain countries, for example, in BVI, Cayman Islands, Samoa, Chinese characters can be used as company name. |
| Q: | Is the information of the company’s directors and shareholders available to others? |
| A: | The laws in most places of offshore company incorporated do not require publicizing the identity of shareholders and directors and other material information. Therefore, it is not available to others. |
| Q: | Can an offshore company operate in Hong Kong once registered without declaration to Hong Kong government? |
| A: | No. Company in any country or region, which conducts business in Hong Kong, shall apply Business Registration Certificate and declare tax. According to Section 11 of Companies Ordinance of Hong Kong, the company should be registered as an offshore company incorporated in Hong Kong. |
| Q: | How many shareholders and directors does an offshore company need? |
A: |
It needs at least one shareholder and director, which can be the same person. |
| Q: | Does the information of shareholders and directors of an offshore company need to be filed with local government? |
A: |
No. Most offshore companies need only to file the information of directors or shareholders with local agent. |
| Q: | How can an offshore company with the aim of investing in China obtain the “Certificate of Credit ” required by the Chinese government? |
| A: | Offshore company needs to open account at bank and have certain capital; after examination of the bank, it will be granted the credit certificate. |
| Q: | Can an incorporated offshore company modify the articles of association and other documents of the company? |
A: |
Yes. An offshore company can modify and supplement the articles of association and other documents lawfully. |
| Q: | How is the existence and validity of company certified? |
| A: | After the company is registered, we will deliver the Certificate of Incorporation, steel seal of the company, articles of association and others to clients. In addition, we can also help clients apply for “Certificate of Good Standing” to local government. |
| Q: | How is the name of offshore company proposed? |
| A: | Generally speaking, company name should include wordings such as “Limited”, “Corporation”, or simplified “Ltd.”, “Corp.” or “Inc.”. If the proposed company name is the same as any registered company name, it cannot be registered. Moreover, the company name generally cannot contain “Bank”, “Insurance” or other words with similar meaning. |
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