An offshore company is normally set up in a jurisdiction where there are no corporate taxes, personal income taxes, and capital gains taxes. There should not be any restrictions on running the company or any reporting requirements. But, you will find that there is one restriction and that is the offshore company should not conduct any business within the tax haven itself.

Formation of an offshore company in India is an excellent idea and a solution to all your investment problems. You will find that there are a number of offshore company formation firms who offer you a wide range of services. They have a team of qualified accountants, company secretaries, and finance professionals. These firms provide company formation, legal, and management services to investors who would like to form an Offshore Company India.

These Offshore Company formation firms are adequately experienced to advise you on international tax planning, investments, company incorporation and secretarial services. They are also familiar with tax and legal problems that arise when doing business anywhere in the world. Studies have shown us that approximately 60% of the world’s currency is held in offshore banks and approximately 40% of world trade in merchandise is done through offshore finance centers. Unfortunately, many people have the wrong notion that an offshore company means an illicit hideaway for illicit gains. The truth is that an offshore company provides you with a number of tax saving features and asset protection. It also provides the owners and the promoters of the offshore company with a fair degree of anonymity.

The following are the advantages of formation of an Offshore Company India:

• Formation of an Offshore Company India will permit entrepreneurs to be legally tax-free for the first five years of operation if the company is set up in one of India’s Special Economic Zones.
• India is a very popular outsourcing location due to the ample availability of English-speaking labor.
• Indian companies are subjected to foreign exchange controls. India stands at the 123rd position in terms of free economy. Surveys conducted show that India enjoys free trade, monetary, financial, investment and labor markets.
• India has the world’s 50th most well developed information and communication infrastructure.
• Many tax exemptions are available to IT companies.
• Skilled and intelligent employees are available at nominal rates.
• Minimum authorized capital of about US$ 2,000 required to form a private company.

The following process has to be followed for incorporation of an offshore company in India:

An application for incorporation of a company should be submitted to the Registrar of Companies along with the following documents:

• List of directors of the company
• If the company is a public company, consent of every person who is acting as director should be taken.
• Information about the registered office in the prescribed form.
• The application should be accompanied with the applicable registration fee which has to be paid to the Registrar of Companies.

The above reasons are adequate enough for you to be convinced to form your own Offshore Company India.