Setting up an offshore company in the solar energy sector (2025)

The renewable energy industry is an increasingly growing field and attracts many investors to participate, due to changes in user habits and behaviors. To create a competitive advantage in terms of costs, companies operating in the renewable energy and solar energy sectors have turned to establishing companies in offshore countries such as BVI, Belize, Seychelles, etc.

In this article, GLA will share the benefits, requirements, processes and procedures, and legal policies when registering to establish an Offshore company to trade in solar energy.  

1. What are the benefits when a business registers to establish an offshore company to do business in renewable energy and solar energy?

Advantages when businesses register to establish an offshore company to trade in solar energy:

1.1. Enjoy preferential tax policies

Enterprises establishing offshore companies operating in the field of solar energy will enjoy tax incentives according to each offshore country.

In particular, Individuals/Enterprises establishing offshore solar energy companies in BVI will enjoy income tax exemption incentives: personal income tax, corporate income tax, value added tax, contractor tax, etc.

1.2. Protecting business information

Businesses opening offshore companies in the solar energy sector will have their corporate information and offshore company shareholders kept confidential.

Securing offshore solar energy business information will help businesses protect offshore company information from competitors.

1.3. Simple tax - accounting - financial reporting procedures

Tax procedures - accounting - financial reporting in each offshore country will have different regulations. Solar energy companies establishing companies in BVI will NOT be REQUIRED to submit year-end financial reports. However, offshore solar energy companies need to keep tax - accounting records and documents for 5 years from the fiscal year in which they arise.

To help businesses store and manage records, books, and accounting for 5 years automatically and systematically, QuickBooks accounting software will support businesses in storing records, invoices, accounting documents, and many other international accounting features and operations.

GLA is the distribution partner of QuickBooks accounting software in the Asia-Pacific region, so to learn more about QuickBooks accounting software, please contact GLA today.

1.4. Friendly legal framework for foreign investors and businesses

Enterprises establishing offshore companies in the solar energy sector will enjoy friendly and open policies and legal regulations for foreign investors and enterprises. This is also one of the reasons why foreign enterprises and investors choose to establish offshore companies in the solar energy sector.

1.5. Offshore solar energy companies invest in other companies and countries

Solar energy businesses that establish offshore companies can not only expand their market but also invest in companies in other countries to develop their business.

2. Requirements when opening an offshore company to do business in solar energy

The requirements for setting up an offshore solar company depend on the offshore country in which the company chooses to register. However, there are some general requirements for setting up an offshore solar company that businesses need to know in order to set up an offshore company.

2.1. License

First, the company must have a business license from the offshore country where the company will register to establish the company.

Solar energy companies in any offshore country need to apply for licenses according to the regulations of the offshore country where the company is established.

For advice on the types of licenses required when registering to establish an offshore company in the solar energy sector, businesses should contact GLA today for detailed advice!

2.2. Establishment costs

Solar energy companies opening offshore companies need to prepare costs in the process of preparing documents, procedures, applying for licenses, charter capital, investment capital, etc. The cost of opening an offshore solar energy company will depend on the offshore country where the company chooses.
For details on the total cost of establishing a solar energy company in offshore countries, businesses should contact GLA for detailed advice today!

2.3. Legal information to fulfill obligations and protect rights for offshore companies in the solar energy sector

To register to establish an offshore company in the solar energy sector, businesses need to find out legal information to fulfill their obligations and protect the rights of the offshore company. Legal information that businesses opening offshore companies are interested in: taxes, confidentiality, financial reporting procedures, etc.

For solar energy businesses opening an offshore company in BVI, there will be no minimum charter capital, tax procedures - accounting - year-end financial reports, so this is an offshore country chosen by many businesses to open a company because of its friendly legal policies, creating favorable conditions for foreign businesses.

2.4. Prepare the company website

To establish a solar energy company in offshore countries, businesses need to prepare a website as one of the conditions for establishing an offshore company.

Setting up a solar energy company in offshore countries helps:

1. Businesses promote their image and information to the international market.
2. Easy to reach customers
3. Increase company revenue by selling products and services through the website

GLA has experience in designing websites for many international companies in various industries such as: business, medical equipment, machinery, transportation, maritime, solar energy, software technology, NFT, etc. Businesses contact GLA for detailed advice on international website design services for foreign businesses: Website design for international businesses.

3. Procedures and processes for registering an offshore solar energy business company

The process and procedures for establishing an offshore solar energy business company include the following steps: 

4. How will GLA support businesses in establishing offshore companies in the solar energy sector?

GLA with experience in supporting businesses to establish companies in offshore countries (BVI, Belize, Seychelles, etc.) in the field of solar energy will accompany businesses:

• Choosing the right offshore country to set up a solar energy company.
• Prepare documents and procedures for company registration.
• Register, open, verify physical bank account or online bank account suitable for offshore business.
• Tax services - accounting, financial reporting for offshore companies.

5. Frequently asked questions when businesses establish offshore companies to do business in solar energy 

Highlights

• Benefits of establishing an offshore company: Enjoy preferential tax policies, secure business information, simple procedures, friendly legal framework.
• Requirements for establishment: Apply for business license, prepare costs, legal information, company website.
• Establishment process: Research legal policies, prepare finances, choose offshore country, apply for license, build business plan.
• Benefits of choosing BVI: Income tax exemption, simple procedures, information security