The experts in offshore company
formation & management.

FAQs

What does Schuss & Co. do?

Schuss & Co. provides custom made solutions to company formation and management services, serving a customer base consisting of both a corporate and private clients worldwide.

Schuss & Co. offers exclusive corporate service solutions to carefully cater custom solutions according to the diverse business needs of its clients. These services provide our clients with a-z solutions that include, but are not limited to:

  1. Company incorporation and administrative management
  2. Wealth building and wealth maintenance
  3. Corporate re-structuring
  4. Asset protection
  5. Tax reduction
  6. International expansion
  7. Nominee director and shareholder provision
  8. Secretarial services
  9. Trustee and representative services

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What is an offshore company?

Offshore companies, also referred to as “non-resident companies” are generally described as companies that only derive a small portion of their business income from within the country of incorporation.

There are several main characteristics that can sum up an offshore company:

  1. Registration within the jurisdiction of incorporation.
  2. Company creators have their main residency outside of the jurisdiction of incorporation.
  3. Business activity and income is derived exclusively outside of the jurisdiction of incorporation.

Often companies are often used for increasing tax efficiency, as IBC’s (International Business Companies) - Have very little or no taxation on income, corporate profits and capital gains. Classical offshore jurisdictions such as the British Virgin Islands and the Seychelles have these characteristics.

  • LLP (Limited Liability Partnerships) / LLC (Limited Liability Company) - Such businesses have the benefit of limited liability but with the profit division characteristic of partnerships, whereby profits are divided between partners based on their holding in the business. If the members or partners of an LLC/LLP are not domiciled and are non-tax residents within the jurisdiction of incorporation, and business activities are based outside of the country of incorporation, then neither the company nor the members/partners are subject to taxation in the jurisdiction of incorporation. Examples include: UK LLPs and Isle of Man LLCs.
  • Certain onshore companies - Some company types, which have tax resident status, are used for international tax planning purposes due to factors apart from nil taxation on profits, income or capital gains tax. For example, the Luxembourg 1990 Soparfi is a normally taxed European company, subject to full taxation with access to Luxembourg’s double tax treaties. However, Luxembourg has structured the dividends and capital gains on a Soparfi such that it is very efficient as a holding company.

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Which jurisdiction should I choose?

Most offshore jurisdictions have no foreign exchange controls and have little or no tax on individuals or companies. It is important to select a jurisdiction that is well suited to your specific corporate and personal needs. At Schuss, we believe that the important factor in choosing a jurisdiction is to be sure that your company will be incorporated in a country that has a:

  1. Excellent record of confidentiality and political/economic stability
  2. Excellent reputation
  3. A high quality corporate law system

Only the jurisdictions which have the above mentioned advantages are suitable for our clients, and we only offer to incorporate business enterprises for our clients in those jurisdictions that satisfy the above mentioned criteria completely. In order to clearly understand the various jurisdictions so that your selection is ideally suited to your specific set of needs, our staff is here around the clock to answer all of your questions.

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Is my privacy protected?

At Schuss & Co. your privacy is our number one priority. No exceptions. We are not only 100% committed to maintaining the confidentiality of our clients, but we also have the necessary technology, skills and knowhow to guard your confidentiality fully. At every step of conducting your business with Schuss, your confidentiality is completely guaranteed. No exceptions.

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Why are your fees so low?

Unlike most corporate service provides, who rely on local agents for their client’s incorporation needs, we have cut out the “middlemen” and offer our own offices and/or partners in the jurisdictions we offer to clients. This, in turn, allows us to pass down our efficient cost structure directly to our clients, because let’s face it, why should our clients have to pay a premium for other people’s inefficiencies?

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How can my fees to Schuss & Co. be settled?

With Schuss, we consistently look for ways to ease our client’s lives. You can easily pay by bank transfer, credit card, or western union. Everything is made for your maximum convenience.

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Does an offshore company have to provide accounts to the tax authorities?

This is generally not the case. One of the major advantages of "offshore" companies, is that there is no requirement to provide any sort of accounting or audit to the authorities.

In most cases, a company may not be subject to tax reporting to its local authorities. This may not necessarily be the case from a personal standpoint and it should not stop you from seeking counsel from a local tax advisor in your country of residence so that you may look at the extent of obligations, if there are any.

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What is the time frame for corporate documents to arrive?

Generally, once your documents and payment have been received the company can be incorporated within 48 hours. However, please note that each jurisdiction has its own time frame. Once we have incorporated your company, it normally takes between 2-6 days for the corporate documents to reach your address of choice.

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Am I free to choose the name of my company?

Indeed, the name of your company is entirely up to you. We will ask you to choose 2 names in the order of your personal preference on your order form. Schuss & Co. will then proceed to check with the Company Registry if those names are available for use.

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Do any sort of taxes on profit or interest earned have to be paid by my new offshore company?

Not at all. For the most part, the jurisdictions we offer do not impose taxes on profits made or interest earned by the company. Other only tax those profits that are directly generated within the jurisdiction, whereas other would charge a % flat tax rate. A company might not be subject to any sort of tax reporting. This may not necessarily be the case from a personal point of view and it should not stop you from seeking counsel from a local tax advisor in your country of residence so that you may look at the extent of any obligations, if at all any may be necessary.

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Who profits most from offshore company structures?

1. International business operations:

An offshore company can engage in international commerce, handling various responsibilities. These would include, but are not limited to:

  • Purchases
  • Sales
  • Negotiations
  • Taking and giving of loans
  • Transfer of funds
  • Completion of contracts

2. Business people:

Offshore companies enable business people to engage in professional business activity without the necessity of the complicated and expensive set-up process onshore. Using offshore companies, a fast and stable structure with simple administration can be created and maintained.

3. Internet commerce, also known as E-Commerce:

Business people involved with Internet trading can utilize offshore companies to for domain name registration and easy management of internet sites. An offshore company is the primary vehicle of choice for people whose business is based on the internet.

4. Consultants:

Consultancy services can be provided through the use of an offshore company. This gives your service the image of stability and sustainability, while allowing you to profit from the advantages of a particular jurisdiction.

5. Intellectual property rights:

Patents, trademarks, and all other forms of intellectual property can be registered via an offshore company. These rights can then be sold by the company while providing the real owner with anonymity. It may also grant rights of use to third parties against payments.

6. Property ownership:

Many people choose to register movable property (Jets, yachts, cars, etc) as well as immovable property (land and buildings) via offshore structures. This sort of setup allows people to profit from confidentiality and may even offer exemption from certain types of inheritance taxes and other taxes.

7. Inheritance purposes:

In some countries, inheritance tax can be avoided through using an offshore structure.

2. Stockbrokers/traders and forex-brokers/traders:

It is very common to use an offshore company for foreign exchange transactions or to access the global financial markets. This is done to ensure confidentiality of buyers/sellers as well as tax optimization.

 

Please note that it is always best to consult a tax advisor in your country of residence before creating an offshore company.