To register an offshore company, it is required:
- to think of a unique name for the company. It may include three characters of any alphabet.
- to rent an office within the premises of the islands and employ a registration agent.
- to prepare a director and shareholder. Nominal services can be used to register them. To set up a company 1 shareholder and 1 director will be enough but you are allowed to register a larger number.
This country has no agreements preventing double taxation. But still we can find some advantages here. If you do your business activities on the islands you will be holding meetings in any country and keep documents of the firm in any unrestricted place. Here you do not need to worry about access to your private information from third parties. All the information about directors and shareholders is closed and can be disclosed only upon the court decision.