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The requirements for setting up an offshore company can vary depending on the jurisdiction in which the company is incorporated. However, some common requirements include:
- Company Name: A unique company name that is not already in use in the jurisdiction of incorporation must be chosen. Some jurisdictions have restrictions on the use of certain words in company names, such as "bank" or "insurance."
- Registered Office: An address in the jurisdiction of incorporation must be provided for the registered office of the company. This is the official address of the company and is used for receiving legal and official correspondence.
- Directors: Most jurisdictions require at least one director to be appointed to manage the company. The director can be a natural person or a legal entity, and may reside in any country.
- Shareholders: Offshore companies must have at least one shareholder, who holds the ownership of the company in the form of shares.
- Share Capital: Most jurisdictions require a minimum amount of share capital to be deposited when incorporating an offshore company. The minimum amount may vary depending on the jurisdiction.
- Company Secretary: Some jurisdictions require the appointment of a company secretary to handle administrative tasks and ensure compliance with legal requirements.
- Incorporation Documents: A variety of documents must be prepared and filed with the relevant authorities in the jurisdiction of incorporation, including articles of incorporation, memorandum of association, and any other required forms or agreements.
- Due Diligence: Some jurisdictions require due diligence checks on the directors and shareholders of the company to ensure compliance with anti-money laundering and other regulations.
