Offshore Company Formation with Bank Account Support: 100% Online in 1–5 Days

Written by Vivian Au, TCSP Director

Online offshore company registration in BVI, Cayman Islands, or Seychelles, with compliance-first KYC onboarding and dedicated bank account opening support included.

We guide you through every step: jurisdiction selection, incorporation, and getting your offshore company bank-ready from day one.

Jurisdiction recommendation
Transparent pricing
Compliance-first KYC support
Banking onboarding guidance
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Air Corporate offshore company formation

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Why form an offshore company?

The right structure can protect assets, reduce tax exposure, and open global opportunities

Offshore companies are used by entrepreneurs, consultants, investors, and international businesses worldwide. The key is choosing the best country for your offshore company based on your specific goals and staying fully compliant.

Offshore company formation is fully legal when done properly. It is not a shortcut. Proper reporting, substance rules, and banking readiness all matter. We guide you through every step so your structure is clean, compliant, and bank-ready from day one.

Tax efficiency

Zero-tax offshore jurisdictions: 0% corporate tax on international income in BVI, Seychelles, and Cayman Islands. No capital gains tax, no withholding tax on dividends.

International operations

Ideal for cross-border trading, crypto and forex operations, e-commerce, IP holding companies, and international investment vehicles.

Asset protection

Separate business activities and assets into an offshore holding structure for clearer governance, IP protection, and liability separation.

Privacy & confidentiality

Beneficial ownership details are not publicly registered in most offshore jurisdictions, protecting your privacy within legal bounds.

Global banking access

Offshore entities open doors to international banking, multi-currency accounts, and fintech platforms that support global operations.

Fast & fully remote

Incorporate in 1–5 business days from anywhere in the world. No travel required. Full digital KYC and e-signature support.

Why form offshore with Air Corporate?

A process built for speed, compliance, and real-world banking outcomes.

1,000+

Companies registered

800+

Bank accounts opened

25+

Nationalities served

24h

Support response time

Compliance-first onboarding

Clear KYC guidance and early checks to reduce delays and keep your structure bank-ready.

Banking support included

Guidance on banking options and onboarding steps so your company can operate with a working account.

Transparent pricing

No surprises. We explain what is included, what is optional, and what depends on jurisdiction and structure.

Human experts, not templates

You get real guidance on jurisdiction choice, structure, and next steps, based on your use case.

Compare jurisdictions

Use cases

Offshore Company Use Cases: Who It's For

From e-commerce and forex trading to IP holding and wealth planning, offshore companies serve a wide range of business and personal needs.

IP Ownership and Licensing

Offshore companies are widely used to hold and license intellectual property (trademarks, patents, copyrights, and software rights) in jurisdictions with favourable royalty treatment. By centralizing IP in a zero-tax offshore entity such as a BVI or Seychelles IBC, businesses can structure licensing agreements across subsidiaries while reducing withholding tax on cross-border royalty payments. This is especially common in tech, media, and pharmaceutical sectors where transfer pricing for intangible assets plays a key role.

Independent Consultants & Freelancers

International consultants, advisors, and freelancers use offshore company registration to invoice clients globally through a single entity, retain more earnings in low-tax jurisdictions, and avoid creating a permanent establishment (PE) in every country they serve. A BVI or Seychelles company paired with a multi-currency business bank account allows independent professionals to manage cross-border contracts, receive payments in multiple currencies, and keep compliance simple.

Asset Holding and Protection

Offshore holding companies provide a legal layer of separation between owners and their assets, including real estate, equity stakes, and investment portfolios. Incorporating a holding company in a jurisdiction like the BVI or Cayman Islands offers strong asset protection against creditors, simplified share transfers, and potential exemptions from capital gains tax. This structure is also common for venture capital and private equity investors who need a neutral jurisdiction for cross-border investments.

Estate and Succession Planning

High-net-worth individuals and families use offshore structures (including trusts, foundations, and Private Trust Companies (PTCs)) for wealth succession planning. These vehicles enable smoother generational wealth transfers, protect family assets from political instability, and provide long-term privacy. Jurisdictions like the Cayman Islands offer well-established trust law frameworks, while BVI foundations provide a civil-law alternative for families across Asia, the Middle East, and Latin America.

Forex, Crypto & Brokerage Trading

Forex traders, cryptocurrency exchanges, and brokerage platforms use offshore company formation to access international trading accounts, reduce regulatory overhead, and operate with greater flexibility in digital asset markets. Jurisdictions like BVI and Seychelles are popular for forex and crypto businesses thanks to their light-touch regulatory environments, zero corporate tax, and strong bank acceptance. An offshore structure also simplifies multi-currency settlement and interaction with global liquidity providers.

International Business Expansion

Offshore entities serve as holding or operational hubs for businesses expanding into new markets without establishing a permanent establishment in each country. A BVI, Cayman, or Seychelles company can act as a regional headquarters, enter joint ventures, sign distribution agreements, and manage cross-border payments, while avoiding double taxation through treaty access. This structure reduces the tax burden on international operations and keeps corporate compliance centralized in one jurisdiction.

E-Commerce & Online Business

E-commerce operators, SaaS companies, and digital businesses use offshore companies to accept global payments, connect to international payment processors like Stripe and PayPal, and reduce sales tax exposure on cross-border transactions. Registering an offshore company in a zero-tax jurisdiction means no corporate income tax on international revenue, while keeping operational costs low. This is especially popular among dropshipping businesses, Amazon FBA sellers, and subscription-based platforms selling to customers worldwide.

Cross-Border Trade & Import/Export

International trading companies use offshore registration to manage import/export operations, issue invoices to global buyers and suppliers, and avoid double taxation on cross-border transactions. An offshore company provides a neutral legal entity that is accepted by banks, logistics providers, and customs authorities worldwide. BVI and Seychelles IBCs are commonly used as intermediary trading companies, while Cayman entities serve larger commodity and energy trading operations.

Jurisdictions

Best offshore jurisdictions for company formation

Choose the best country for your offshore company based on banking needs, budget, privacy, or investment structure.

Quick comparison

JurisdictionBVICayman IslandsSeychelles IBCUAE (RAK ICC)
Flag
N/A
Setup time2–5 days3–7 days1–3 days3–5 days
Starting pricefrom $850from $1,200from $750from $900
Corporate tax0%0%0%0%
Bank acceptanceExcellentExcellentGoodVery good
Best forTrading & holdingFunds & investmentE-commerce & servicesME operations & banking

Need a different jurisdiction?

We also cover Belize, Nevis, Labuan, UAE, Marshall Islands, and more. Tell us your goals: banking access, cost, structure, or privacy, and we'll recommend the best fit.

How to register your offshore company online (step by step)

Complete your offshore company registration 100% online, with a clear process designed for compliance, speed, and bank readiness.

  1. Choose a jurisdiction and company name

    10–20 minutes

    What you do:

    • Share your goals (banking, cost, reputation, privacy, investment structure)
    • Pick a jurisdiction shortlist (e.g., BVI, Cayman Islands, Seychelles)
    • Provide 2–3 company name options and your business activity

    What we do:

    • Recommend the best jurisdiction based on your use case and compliance profile
    • Run name availability checks and confirm structure options
    • Confirm timeline and document checklist

    What you receive:

    • Recommended jurisdiction + next steps
    • Clear checklist and timeline
  2. Define your structure (directors, shareholders, capital)

    15–30 minutes

    What you do:

    • Confirm directors, shareholders, and beneficial owners
    • Select the company type (e.g., IBC / exempted company) based on jurisdiction
    • Confirm share capital (if applicable)

    What we do:

    • Guide you through structure options for your jurisdiction
    • Prepare draft incorporation details for review
    • Flag anything that may impact banking approval

    What you receive:

    • Draft structure summary
    • Incorporation details ready for filing
  3. Submit KYC documents (compliance-first)

    20–40 minutes

    What you do:

    • Upload passport/ID and proof of address for all parties
    • Complete any required verification steps

    What we do:

    • Review KYC for completeness and formatting
    • Request any missing items early (to avoid delays)
    • Keep your information handled securely for compliance purposes

    What you receive:

    • KYC approval confirmation (or clear follow-ups)
  4. Incorporation + document delivery + banking support

    1–5 business days (varies by jurisdiction)

    What you do:

    • Review and approve final filing details

    What we do:

    • File incorporation with the relevant registry via our partners
    • Deliver your corporate documents (digital, and certified copies if requested)
    • Support you with bank/fintech onboarding where applicable

    What you receive:

    • Certificate of Incorporation
    • Memorandum & Articles (or equivalent)
    • Share certificates/resolutions (if applicable)
    • A clear renewals and compliance roadmap

Good to know

Common pitfalls (and how to avoid them)

Offshore formation is straightforward when you plan for banking, compliance, and renewals upfront.

Banking is the real bottleneck

Incorporation is usually fast. Bank onboarding is where delays happen. A clear activity narrative, clean ownership structure, and complete KYC reduce rework.

Compliance-first beats “fastest”

Offshore is legal when done properly. Expect source-of-funds checks, beneficial owner disclosure, and sometimes additional documents for corporate shareholders.

Renewals are mandatory

Government fees and registered agent renewals are annual. Missing renewals can lead to strike-off. Treat renewals as part of the operating cost from day one.

Substance rules may apply

Economic substance rules vary by jurisdiction and activity (e.g., holding, IP, finance). The right jurisdiction depends on what your company actually does.

More detail

For serious structures & banking outcomes

A quick checklist of what banks want to see, and what usually slows things down.

What banks typically ask for

Prepare these upfront to avoid back-and-forth.

  • Clear business activity narrative (what you sell, to whom, and where).
  • Ownership clarity (UBOs, shareholding, and corporate shareholder documents).
  • Source of funds/wealth evidence for beneficial owners.
  • Operational proof: invoices, contracts, website, or supplier/customer docs.

What causes delays

Most “slow” cases are missing inputs or unclear rationale.

  • Missing or inconsistent KYC documents (address dates, certifications).
  • Complex structures without a clear rationale.
  • High-risk industries without mitigation (compliance plan, controls).
  • Under-prepared renewal planning (fees, agent obligations, filings).

Offshore company registration requirements

Every box you need to tick, and who handles each one.

01

Company name

You decide

Choose your company name. Most offshore jurisdictions allow names in English with suffixes like "Ltd" or "Inc".

02

Directors & shareholders

You decide

Min. 1 director and 1 shareholder. Corporate directors and shareholders are permitted in most jurisdictions. 100% foreign ownership allowed.

03

Share capital

You decide

Nominal authorised share capital (e.g., USD 50,000 in BVI). No requirement to pay up capital at incorporation.

04

KYC documents

You provide

Certified passport + proof of address for all directors, shareholders, and beneficial owners. Corporate shareholders require additional corporate documents.

05

Registered agent + registered office

We handle

A licensed registered agent and local registered address are mandatory in all offshore jurisdictions by law.

06

Incorporation filing

We handle

Preparation and filing of the Memorandum & Articles of Association, statutory registers, and all required incorporation forms.

07

Beneficial ownership register

We handle

UBO information collected and maintained as required under each jurisdiction's compliance framework.

08

Annual renewals

We remind you

Annual government fees, registered agent and office renewal. Substance and reporting obligations may apply depending on your activity and tax residency.

You decideYou provideWe handleWe remind you

KYC documents checklist

Offshore company formation requires identity verification to meet international compliance standards. We keep it simple and guide you step by step.

Requirements vary by jurisdiction and banking partner. We'll confirm the exact list before you upload.

For individuals (directors, shareholders, beneficial owners)

  • Passport (or government ID) copy
  • Proof of residential address (e.g., utility bill or bank statement)
  • Selfie or live verification (when required by the jurisdiction or banking partner)

For corporate shareholders (if applicable)

  • Certificate of Incorporation
  • Register of directors/shareholders (or equivalent)
  • Corporate structure

Offshore Company Formation Cost & Pricing

Transparent pricing from $750 to $1,400+ depending on jurisdiction and structure. Contact us for an exact quote.

What's included

  • Incorporation certificate & corporate documents
  • Registered agent (12 months)
  • Registered address (12 months)
  • Memorandum & articles of association
  • Statutory registers & share certificates
  • Digital document delivery
  • Banking onboarding guidance

Add-ons available: nominee directors, apostille, certified document sets, bank account support. Exact pricing depends on your structure and chosen jurisdiction.

Starting from

$750USD

Final price depends on jurisdiction, ownership structure, and add-ons.

No commitment · Response within 24 hours

What our offshore clients say

Trusted by 1,000+ entrepreneurs and SMEs

Banking

Banking support & options

Use these comparisons as a starting point. Final requirements depend on your structure, activity, and risk profile.

Showing 28 results.

Traditional bank comparison

This table is long. Use filters above, then expand to view full results.

Showing 28 results.

Preview

Belize

Belize Bank

Remote
Deposit: US$4,000Online banking: Cards:

Belize

Caye International Bank Ltd.

Remote
Deposit: US$1,000Online banking: Cards:

Belize

Heritage Bank

Remote
Deposit: US$3,000Online banking: Cards:

British Virgin Islands

First Caribbean International Bank

Remote
Deposit: US$25,000Online banking: Cards:

Cayman Islands

Cayman National Bank

In-person
Deposit: US$10,000Online banking: Cards:

Cayman Islands

Butterfield Bank (Cayman) Limited

In-person
Deposit: US$50,000Online banking: Cards:
Show full tableBest for detailed comparisons after filtering.
CountryBankOnline bankingIn-person visitCredit cardDebit cardInitial deposit
BelizeBelize BankUS$4,000
BelizeCaye International Bank Ltd.US$1,000
BelizeHeritage BankUS$3,000
British Virgin IslandsFirst Caribbean International BankUS$25,000
Cayman IslandsCayman National BankUS$10,000
Cayman IslandsButterfield Bank (Cayman) LimitedUS$50,000
Cayman IslandsCIBC FirstCaribbean International Bank (Cayman) LimitedUS$25,000
Hong KongBank of East AsiaUS$20,000
Hong KongDBSUS$20,000
Hong KongFubon BankUS$30,000
Hong KongHang Seng BankUS$10,000
Hong KongHSBCUS$50,000
Hong KongOCBC Wing HangUS$25,000
Hong KongStandard Chartered BankUS$50,000
Hong KongCiti Commercial BankUS$500,000
MauritiusBank One LimitedUS$25,000
MauritiusMauritius Commercial BankUS$50,000
MauritiusInvestec BankUS$50,000
SingaporeCiti BankUS$300,000
SingaporeDBSUS$250,000
SingaporeHSBCUS$200,000
SingaporeOCBC BankUS$30,000
SingaporeUOBUS$100,000
SeychellesAbsa Bank (Seychelles) LimitedUS$5,000
SeychellesNouvobanqUS$3,000
SeychellesMCB Seychelles LimitedUS$10,000
SwitzerlandCIM BanqueUS$20,000
UAERAK BankUS$10,000

“Remote opening” is inferred from whether a personal visit is required. Always confirm with the bank before applying.

Documents you may need

Exact requirements depend on the institution and your structure. Most applications request the following.

  • Completed KYC (Know Your Customer) form
  • Recent bank statements
  • A bank reference letter
  • CVs or professional profiles of directors and shareholders
  • A clear business plan outlining your activities
  • Trading history or supporting documents (e.g., invoices, contracts)
  • Information on key clients, suppliers, or partners

Offshore Company Formation: Simple, Remote, and Compliant

A clear process, bank-ready guidance, and transparent pricing, designed for founders who want speed without surprises.

Fast and 100% Online

Form your offshore company in top jurisdictions like BVI or Seychelles. No travel, no paperwork. All done remotely.

Straightforward, Transparent Pricing

Only pay for what you need. No hidden fees, no upsells.

Bank Account Support Included

We help you fast-track access to offshore-friendly banking partners, because a company without a working account is just paperwork.

Guaranteed satisfaction or get your money back

Clear scope, transparent inclusions, and a team you can reach when you need support.

Accounting

Let Us Take Care of Your Accounting

Keep your accounting expenses under control with our monthly or yearly bookkeeping, accounting, audit and tax filing solutions.

Accounting and compliance support

Overview

What is offshore company formation?

Offshore company formation is the process of incorporating a legal entity in a jurisdiction outside your country of residence. The structure is commonly used for international operations such as global trading, holding assets, licensing IP, e-commerce, and cross-border investment.

In most offshore jurisdictions, a registered agent is required by law. The agent maintains the company's registered address, files government documents, and helps keep the company compliant.

Air Corporate guides the full process remotely, from choosing the right jurisdiction to preparing KYC, incorporation, and banking onboarding. The setup stays clean, compliant, and practical for real-world use.

Popular jurisdictions include BVI, Cayman Islands, and Seychelles.

Frequently Asked Questions

Everything you need to know about offshore company formation

General questions

An offshore company is a legal business entity incorporated outside the country of residence of its owners. It's typically set up in a jurisdiction that offers benefits such as tax efficiency, privacy, asset protection, and simplified compliance.
Offshore companies are suitable for entrepreneurs, consultants, investors, e-commerce operators, and international businesses looking to protect assets, reduce tax exposure, enter new markets, or simplify cross-border operations.
Yes, owning an offshore company is 100% legal in most countries, as long as it is not used for illicit activities. Owners must comply with their home country's tax and reporting obligations. At Air Corporate, we ensure every setup meets international legal standards.
When established in reputable jurisdictions and managed properly, offshore companies are safe and legally sound. Choosing a regulated agent and maintaining proper documentation are key to staying compliant and protected.
Key benefits include: tax efficiency (in jurisdictions with low or zero corporate tax), asset protection and risk separation, enhanced privacy, access to global banking and investment opportunities, simplified corporate structure and flexible ownership, and strategic global expansion.
Common uses: holding intellectual property, international trading, investment or real estate holding, e-commerce operations, crypto and forex trading, and family wealth and succession planning.
A US LLC (e.g., Delaware or Wyoming) is a domestic US entity subject to US reporting requirements, including potential US tax obligations depending on owners and activity. An offshore company (e.g., BVI or Seychelles IBC) is incorporated in a zero-tax jurisdiction with lighter reporting requirements, making it better suited for international trading, privacy, and asset holding. LLCs offer strong US banking access; offshore companies typically require international bank accounts.
Substance requirements are rules requiring that a company demonstrate genuine economic activity in the jurisdiction where it is incorporated, for example having local employees, office space, or decision-making activities. BVI, Cayman, and Seychelles each have their own economic substance legislation. Substance rules typically apply to specific regulated activities (e.g., holding, IP, finance). Most pure holding or trading IBCs are not impacted, but it is important to assess this with your advisor before incorporation.
FATCA (Foreign Account Tax Compliance Act) is a US law requiring foreign financial institutions to report accounts held by US persons to the IRS. If your offshore company has US shareholders, directors, or beneficial owners, the bank holding your company's account may report account information to US authorities. FATCA does not prevent you from owning an offshore company. It simply requires proper disclosure. Non-US owners are generally not directly affected by FATCA, though their banks may still request a W-8BEN-E or similar form.
CRS (Common Reporting Standard) is an OECD framework for the automatic exchange of financial account information between participating countries. Over 100 jurisdictions have signed up. If your offshore company holds a bank account in a CRS-participating jurisdiction, the bank will report account balances and income to your country of tax residence. CRS applies to the beneficial owner's tax residence, not the company's jurisdiction. This means offshore companies are legal and transparent under CRS. They just need to be properly declared in your home country's tax filing.
UBO (Ultimate Beneficial Owner) disclosure rules require that the true individuals who own or control an offshore company be identified and registered. BVI, Cayman Islands, and Seychelles each maintain beneficial ownership registers, accessible to regulators and law enforcement, though not always public. When you form an offshore company with Air Corporate, we collect UBO information as part of KYC onboarding and ensure the structure complies with the jurisdiction's beneficial ownership legislation.

Jurisdictions

The best jurisdiction depends on your goals. Popular options: BVI, flexible and widely used for international trading and holding; Seychelles, cost-effective IBC structures for global business; Cayman Islands, well-known for funds and investment vehicles. We'll help you choose based on your business model, banking needs, and compliance profile.
Consider: the purpose of your company (e.g., trading, asset holding, IP), tax laws and treaties, banking access and financial infrastructure, the jurisdiction's reputation and stability, and privacy and reporting obligations. Our team will guide you based on your business needs and future plans.
BVI is the most popular globally: flexible, well-regarded, and accepted by banks worldwide. Seychelles offers the most cost-effective setup for straightforward IBCs. Cayman Islands is a premium jurisdiction favoured by investment funds, hedge funds, and family offices. All three offer strong privacy and 0% corporate tax on international income.

Process & banking

Most offshore companies can be incorporated in 1–5 business days after you submit complete KYC documents. Timeframes vary by jurisdiction and the complexity of your ownership structure.
Most jurisdictions require basic KYC documents for directors, shareholders, and beneficial owners, such as a certified passport copy and proof of address. Corporate shareholders may require incorporation documents and a structure chart.
Registering an offshore company involves: choosing the right jurisdiction, defining your structure and ownership, submitting KYC documents, appointing a registered agent and address, and filing incorporation documents. Air Corporate handles the entire process, from setup to post-registration support.
Yes. Opening a bank account for an offshore company is possible, but it requires careful preparation. Banks require full KYC documentation, a clear business plan, and evidence of genuine business activity. Options include international banks, EMIs (electronic money institutions), and fintech platforms that accept offshore entities. BVI and Cayman companies generally have better bank acceptance globally. Air Corporate provides bank account opening guidance as part of our offshore formation service.
If you miss your annual renewal (government fees + registered agent renewal), your company may be struck off or dissolved by the jurisdiction's registry. A struck-off company loses its legal standing and cannot enter contracts, operate bank accounts, or transfer assets. Most jurisdictions allow restoration within a window (typically 1–5 years) for a fee. We send renewal reminders well in advance to help you avoid this.

Pricing

Pricing depends on jurisdiction, structure, and add-ons like nominee services, certified document sets, or banking support. Our offshore packages start from USD 750 for a Seychelles IBC, USD 850 for BVI, and USD 1,200 for Cayman Islands. Request a tailored quote for a full breakdown of government fees vs. agent fees.

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Ready to form your offshore company?

Get a jurisdiction recommendation, a transparent quote, and banking onboarding guidance in one process.

  • BVI, Cayman Islands, or Seychelles. Pick the best fit.
  • Compliance-first KYC checklist to reduce delays
  • Banking onboarding guidance included
Vivian AuFounder & Director, Air Corporate
4.9 / 5 stars132 reviews on Trustpilot
Vivian Au, Founder of Air Corporate
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