Do you need to travel to set up an offshore account?

Starting up a virtual office in an offshore location is a part of the business setup procedure. As the name suggests, a virtual office refers to a business model that boosts the cross-border presence without needing a physical establishment. This serves as a boon for emerging startups and businesses with small to moderate operational footprint. This guide elaborates on the procedure concerning offshore virtual office setup so that you can proceed seamlessly. 

Step 1: Appoint an Agent 

Appointing a certified agent is a legal compulsion in most offshore locations to create a virtual office. You can rely on BSW for agent tie-ups. Our robust network boasts seasoned experts who are well-versed in offshore endeavors and compliance. They can turn your dream of starting an offshore virtual office into reality by simplifying legalities. 

Step 2: Arrange Document 

Typical documents you must arrange for virtual office setup include MoA, AoA, a copy of the director’s passport, a bank reference letter, a business plan, etc. These are generalized documents and can vary jurisdiction-wise. 

Step 3: File an Application 

This step involves filing an application with the competent authorities. The application should boast information as advised by the authorities. Business Setup Worldwide can help you with the filing formalities with utmost accuracy and professionalism. 

Step 4: Wait for Approval 

The documents you submit shall undergo compliance verification within the purview of governing legislation. The authorities shall verify whether or not the paperwork aligns with local laws. After a successful assessment, the authority will grant the incorporation certificate. The issuance of the certificate will mark the end of the registration process and the opening of the virtual office. 

The virtual office serves as a liaison between the company’s owner and the authorities, addressing various tasks that keep post-registration compliance in check. 

Partnering with a trustworthy partner like BSW can help you mitigate administrative troubles when you try to set up a virtual office in any offshore jurisdiction. With in-depth acumen in global compliance and 8+ years of experience, BSW helps clients to go global effortlessly. Connect with us to experience a seamless offshore journey.