Whether you have decided to protect your wealth, need to open a bank account or create an offshore business partnership, Foster Swiss, a Swiss-registered international consulting firm, provides you with financial and compliance advice on a variety of issues related to company formation and international commercial banking.

As an initial step to achieve the proposed objective of creating an international company in an offshore jurisdiction, contact a Foster Swiss advisor, who will guide you as to which jurisdiction or country will meet your requirements, what conditions it offers, so that you can safely start with this offshore business modality.

REQUIREMENTS FOR THE CREATION OF AN OFFSHORE COMPANY

In Papua New Guinea to incorporate an offshore company no initial capital is required, nor is it required that the Director, Manager, Shareholders or Legal Representative reside in Papua New Guinea. It is not necessary for any of the members of the company to travel to open a bank account or register a company.

To initiate the opening of a foreign company in this island jurisdiction the minimum capital is US$1. The location of the corporate bank account must be made with the banking entity Australia and New Zealand Banking Group.

To establish an offshore company, no tax registration is required and it can be set up with 1 shareholder, 1 director. Corporate shareholders and directors are allowed.

It should be noted that the tax rate is 48%. In Papua New Guinea offshore companies must comply with an annual tax return, file annual financial statements and the register is public for shareholders and directors.

At Foster Swiss we can advise you. We help you with practically everything: we provide advice from the moment you choose a corporate structure for your company up to one year after incorporation. And of course we take care of the whole process for you.

For more information on this topic or any other request related to our services, you can contact us directly at info@fosterswiss.com. Consult a financial advisor for more information.