Open an offshore company to do software technology business (2025)
Offshore 
Updated on January 24 
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To develop the brand, optimize operating costs, and increase competitive advantage, should technology and software development companies establish companies abroad? Which country should technology and software development companies choose when establishing companies abroad?
In this post, GLA will show technology and software development businesses the procedure for registering an offshore company (in BVI, Belize, Seychelles, etc.) with attractive benefits such as corporate income tax incentives, high confidentiality, simple tax - accounting - financial reporting procedures.
1. What should be done before establishing an offshore company in the field of technology and software development?
Research countries where technology and software companies plan to establish offshore companies
Before establishing an offshore software technology company, individuals/enterprises must learn about the legal regulations of that offshore country. Understanding and correctly implementing the offshore company registration procedures will help technology and software companies save time, costs and bring high efficiency.
The procedure for registering an offshore company in the technology and software sector for foreign individuals/enterprises can be complicated and difficult due to regulations related to: corporate tax, labor law, banking law, office rental procedures, etc.
However, GLA with a team of experienced lawyers in strategic consulting and supporting the opening of offshore companies in BVI, Belize. Seychelles, etc. will help technology and software businesses understand and comply with the regulations of the offshore country where the business chooses to open a company.
What are the legal factors that attract technology and software businesses when establishing an offshore company?
- Corporate income tax: 0% for offshore income.
- Secure business information about company owners and shareholders.Glob
- Board meetings anywhere, anytime.
- Technology and software businesses registering offshore companies in BVI are not required to submit annual reports such as accounting and auditing.
Choosing the country to register to establish an offshore company in the technology and software sector
When opening an offshore company in the technology and software fields, individuals/enterprises need to determine the appropriate country to choose to register an offshore company that suits the needs, purposes and business orientation of the enterprise.
Enterprises wishing to establish an offshore technology and software company need to consider the following factors to determine and choose an offshore country that is suitable for the company's business model:
- Corporate income tax;
- Personal income tax;
- Secure corporate and shareholder information;
- Bank account;
- Financial reporting - tax - accounting procedures;
- Other factors.
Each offshore country will have different tax rates and security policies, regulations on tax reporting - accounting - financial reporting. For example: Technology and software enterprises registering offshore companies in BVI will be exempted from all types of income taxes such as corporate income tax, personal income tax, value added tax, contractor tax, etc.; However, Belize has currently changed its corporate income tax rate. In addition, Seychelles also has annual regulations that companies established in Seychelles must keep financial reports in Seychelles.
To find out which offshore country is suitable for your business model and company needs, please contact GLA for support to help your business find the offshore country that best meets your company's needs and goals today!
2. How many steps are there in the procedure for registering an offshore company in the technology and software sector?
Step 1: Prepare company name
- Prepare 3 company names;
- For regulations on company names, please refer to the following article: British Virgin Islands (BVI)
- Check if the company name is valid and qualified to register an offshore company in the technology and software fields: from 1 - 2 days;
Step 2: Prepare necessary documents according to GLA's instructions and send documents to GLA
Step 3: After completing the registration procedure to establish an offshore company in the technology and software sector, GLA will support businesses in opening bank accounts in financial centers such as Singapore, the US, etc.
To learn more about the process of opening a bank account in Singapore and the US, please refer to the following articles by GLA: Open an offshore bank account in Singapore
3. What support will GLA provide for technology and software businesses opening offshore companies?
With experience as a strategic consulting unit and supporting businesses to establish companies in more than 10 different countries around the world, especially opening offshore companies (BVI, Belize, Seychelles, etc.) in the fields of technology and software, GLA will support businesses:
- Choose an offshore country that suits your business model and direction.
- Support businesses in the process of preparing documents and papers to register offshore companies in the technology and software fields.
- Support offshore companies in the field of technology and software in the process of registering, opening, interviewing, and verifying bank accounts in financial centers such as Singapore, the US, etc.
- Set up your financial system in compliance with HFRS with our Accounting - tax - financial reporting services for offshore companies technology, software
4. Frequently asked questions when businesses open offshore companies in the technology and software fields?
1. What are the benefits of establishing an offshore company in the technology and software sector?
Factors that attract technology and software companies to open offshore companies are:
- Corporate income tax: 0% for income outside the offshore country.
- Enterprises registering offshore technology and software companies in BVI will be exempt from all types of income taxes.
- Secure corporate information about company owners and shareholders.
- Board meetings anywhere, anytime.
- Enterprises registering to do business as offshore companies in the technology and software sectors in BVI are not required to submit annual reports such as accounting and auditing.
2. What documents do businesses need to prepare to open an offshore company in the technology and software sector?
- Application form for establishing an offshore company in the field of technology and software;
- Identity card/Citizen identification of shareholders and directors;
- Documents proving permanent address of shareholders and directors;
- Business plan;
- Memorandum of association (MOA);
- Articles of association (AOA).
3. Which offshore country should individuals/businesses choose to establish a company?
Because each offshore country will have different policies and regulations on corporate law, accounting law, tax and accounting policies. Therefore, businesses that need to establish offshore technology and software companies need to consider the following factors to determine and choose an offshore country that is suitable for the company's business model:
- Corporate income tax.
- Personal income tax.
- Secure corporate and shareholder information.
- Bank account.
- Financial reporting - tax - accounting procedures.
4. What is the registration process for opening an offshore company in the technology and software sector?
Procedures for registering an offshore company in the technology and software sector:
Step 1: Prepare company name
Step 2: Prepare necessary documents and records
Step 3: Submit documents to Global Links Asia
Step 4: Prepare documents, registration procedures, open and verify bank accounts
Highlights- GLA, with experience in establishing foreign companies, will accompany businesses in the technology and software development fields during the process of opening an offshore company and confidently make wise decisions during the operation of the business after establishment.
- Countries like BVI, Seychelles, Belize are popular choices due to their favorable tax policies and favorable business environment.
- The process of establishing an offshore company is relatively simple, however, businesses need to prepare complete documents and comply with the legal regulations of the chosen country.
- Software licensing is an important factor in software business, businesses need to choose the type of license that suits their products and business model.
This article was published by GLA on 01/07/2021. Copyright and accompanying content are intellectual property of GLA. All rights reserved.
The guidance and content are for general information only and are not intended to provide specific guidance and advice on accounting, tax, legal or other professional advice. Readers should consult professional advisors on specific issues.
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