can local company be owner of offshore company?

[cosmo]

Can local company own offshore company?

 

[JohnLocke]

Yes you can have your local company (or any company) to be the share holder of a offshore company, this applies for almost any jurisidiction if not all. Actually it is how a holding structure looks like you have one company to own all shares in another one.

 

[bitotan]

All countries accept a Holding company to own shares in another company!

 

[cosmo]

So no problem that a UK, Bermuda or even a Chinese company can be 100% owner of the offshore company right? Does this means that the "onshore" company will hold ALL shares for the offshore company where the share certificate will be prove of the same or will there be a ownership certificate for the offshore company?

 

[JohnLocke]

So no problem that a UK, Bermuda or even a Chinese company can be 100% owner of the offshore company right?

Correct, regardless of where your current company is incorporated then you can register a new Seychelles company with it.

Does this means that the "onshore" company will hold ALL shares for the offshore company where the share certificate will be prove of the same or will there be a ownership certificate for the offshore company?

Yes the "onshore company" will hold the shares of the Seychelles company, this can be seen on the shareholder certificate, there is no "ownership certificate"

 

[cosmo]

Thank you Admin, you have been very helpful. I will start structuring my offshore company empire now. Starting with the Belize company owning a Seychelles company - all offshore of course, do you think it is good to do that way?

 

[JohnLocke]

I would let the Seychelles company own the Belize IBC - if privacy is in question here.

 

[benjana]

So a Seychelles company can own a European company also a UK or Hungary company?

 

[JohnLocke]

Yes, there is no reason for why it should not be able to do so... you just need to transfer the shares to the Seychelles company (Typically it's then a Seychelles Holding Company) and you are good.

 

[cosmo]

I got it, thanks to a detailed description from Admin I understand that this isnt a problem