Offshore Company Formation Process
The formation of an international offshore company is fundamentally different from conventional company formation. It can be divided into three simple phases (stages) as shown below.
1st phase: Issue a request to set up a company
In order to form a company, Privacy Management Group requires a written request from you. Depending on your preference, this can be issued using our form for online company formation or via email*.
Upon receipt of this request, Privacy Management Group will check the availability of the company name you selected and the validity of the documents you forwarded to us with or after the request.
To form a company, Privacy Management Group will always require:
- a copy of your passport or ID card, and
- a copy of a utility bill with your current address.
A utility bill can be an electricity bill, a telephone bill, a mobile phone bill or a water bill.
Upon receipt of the documents listed above, you will receive a debit note via email.
We offer the following options for payment: VISA, MasterCard, Paypal, European bank transfer, UAE bank transfer and WesternUnion.
This concludes Phase 1.
2nd Phase: The Formation of Your Company
Upon receipt of payment, we will proceed immediately with the formation of your company, the preparations for the opening of your desired company bank account and, if so desired, the establishment of a nominee agreement and the set-up and activation of our office service.
The formation of the company concludes Phase 2 of the process.
3rd Phase: Account Opening
Based on your company documents, your personal preferences and the information you share with us, Privacy Management Group’s Banking Service will create a complete package with pre-prepared applications for opening an account, establishing access to online banking and obtaining a Visa and/or MasterCard (as chosen by you). These documents will be prepared on your behalf and sent to you via email.
All you need to do is check and sign the application documents and return them to PMG via courier. (Contact information for the courier service will be provided to you via email at the same time as the above-mentioned documents).
The opening of your preferred bank account and the activation of your card(s) and online banking service will be carried out by the corresponding banking institution. Privacy Management Group will never receive access to your PIN, Digipass or card numbers.
Conclusion of the Company Formation Process
You can proceed with business activities as soon as the company has been formed, you have received original copies of the relevant documents (your “Corporate Kit”), your business account has been opened and your online banking service and Visa and/or Mastercard have been activated.
Your company can now become commercially active and avail itself of international banking services.
The opening of your business account concludes Phase 3.
