Comprehensive tax accounnting service for Offshore companies

We take pride in offering annually/monthly accounting and auditing, tax compliance services for Offshore firms. Our services are managed by a professional and dedicated team of experienced accountants. With year of local knowleges of accounting tax regulations in various Offshore jurisdictions, including BVI, Belize, Seychelles and more.

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Dịch vụ kế toán - thuế cho công ty Offshore

Annual requirementMonthly or annual servicesCorporate tax return fillingService processSwitch services to us

Annual compliance for your Offshore company

Based on your country of incorporation, each Offshore countries will have its own tax and accounting regulations. Therefore, the annual reports that need to be submitted to relevant authorities will vary from country to country.

For entrepreneurs incorporating an Offshore entity in BVI, annual tax and accounting reports include:

Economic Subtance reprot.
From January 1st, 2023, BVI companies must submit annual financial statements in accordance with International Financial Reporting Standards (IFRS).

For entrepreneur setting up an Offshore company in Belize, annual tax and accounting reports include:

Corporate income tax declaration before March 31 every year.
Financial statements are submitted at the same time as corporate income tax returns.

Note: Failure to submit a corporate income tax return in Belize will result to a fine of 10% of the tax amount or imprisonment for at least 2 years depending on the severity of the violation. Therefore, managing tax reports and tracking reports effectively is important for Offshore businesses.

Global Link Asia Consulting will be your trusted partner in alleviating tax reporting burden and optimize costs!

For entrepreneur registering an Offshore company in Seychelles, annual tax and accounting reports include:

Annual financial reports are not required to submit for companies incorporated in Seychelles, but businesses in Seychelles must keep accounting and transaction records for at least 7 years from the completion of the transaction or related activities.

According to the latest changes from the Seychelles International Business Companies Act and the Seychelles Organizations Act dated August 6, 2021, from January 1, 2022, Seychelles companies incorporated in Seychelles will be required to:

Submit accounting records to the registered office in Seychelles.
Keep Annual financial reports at the Seychelles office (except in cases where the company does not do business in Seychelles).

Contact our tax expert today

IFRS - compliant financial statements at your fingertips

All-inclusive monthly/yearly tax accounting services

Comprehensive tax accounnting services for Offshore companies

1. Consult

Consult on Offshore accounting standards or IFRS and tax regulations.

2. Collect

Collect and management of accounting documents.

Use QuickBooks Online software to efficiently manage the accounting documents of Offshore companies, ensuring accuracy and compliance.

Prepare financial reports in IFRS.

Generate and export the necessary reports as required by your business.

Provide continuous support throughout the reporting process related to financial reports for Offshore companies.

3. Support

Prepare and submit tax returns to the Offshore Department, provide support and communication until the process is completed.

Prepare and submit Economic Subtance report on your behalf.

Our dedicated comprehensive 20-page Financial Report set includes the following key financial statements

What our clients say?

Giang Nguyen [...] The tax team at Global Link Asia Consulting really went above and beyond. I will be working with them again next year. They remind and help me keep track with my paper very well. Thank you so much.

Harley Dang [...] Totally professional and transparent. They patiently heard and understood my situation and requirements and then provided all the potentials options along with pros and cons. Highly recommended. 👍🏻

Which package suits your business best?

Discover the perfect option for your company

Monthly Package

Who is this for:

Doing Dropshipping, E-commerce business or/and.

Maintaining large transaction voume or/and.

Looking for experienced tax accounting team or/and.

Looking for financial optimization.

Benefits:

International Accounting Standards (IFRS), tax regulations advisory.

Unlimited consultation time

Document management by month.

QuickBooks Online integration.

Standard-compliant monhtly financial statements.

Report issuance on your demand.

Tax filling (if any).

Yearly package

Who is this for:

Doing business in service industries or in B2B model or/and.

Maintaining small transaction voume or/and.

Already having a dedicated tax-accounting team.

Benefits:

International Accounting Standards (IFRS), tax regulations advisory.

One-time consultation at the end of financial year. In-deph consultation requires fees.

Document management at the end of financial year.

QuickBooks for Accountant.

Standard-compliant annual financial statements.

Tax filling (if any).

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Economic Subtance Report for Offshore company in Belize/ BVI

Offshore companies registered in BVI/Belize are required to submit the Economic Substance Report, to the respective Offshore governments.

The specific requirements for this report may vary depending on the type of business and its unique needs. Here's an overview of the key requirements for BVI and Belize companies.

For BVI Companies the economic substance requirements, include:

Direction and Management: The BVI company must ensure that relevant activities are directed and controlled within the BVI throughout the financial year.
Spending and Presence: BVI companies should meet specific criteria, such as having an adequate number of qualified employees to operate the company's business, incurring sufficient costs to develop business activities, and maintaining a registered office address in the BVI.
CIGA (Core Income-Generating Activities) Test: The Offshore company must engage in a set of business activities that generate its primary income within the BVI territory.

Note: It's crucial to note that failure to submit the Economic Substance Report in compliance with BVI government regulations can lead to severe consequences, including company closure. Non-compliance with reporting deadlines may result in a maximum fine of $200,000 USD.

For Belize Companies Economic Substance Law requires you to:

Demonstrate CIGA Activities: Prove that the activities responsible for generating the primary source of income for the Offshore company occur in Belize.
Show Presence in Belize: Provide evidence of the company's presence in Belize, including the number of Board of Directors meetings held in Belize, with recording strategic decisions in meeting minutes, maintaining records and minutes in Belize, and demonstrating the knowledge and expertise of the board of directors in fulfilling their duties.

Note: Failure to submit the report on the nature of business activities in accordance with Belize government laws can result in administrative fines ranging from 150,000 to 300,000 Belizean dollars. Additionally, it may lead to the suspension, revocation of the business license, or removal from the Belize Business Register.

Tax advisory and tax compliance services

The requirement to declare Corporate Income Tax varies depending on the specific Offshore country where the enterprise setting up its foreign company. Here are the key considerations for different Offshore countries:

For BVI and Seychelles Companies: You do not need to pay corporate income tax.

For Belize Companies: You may be subject to corporate income tax if the company meets certain criteria:

Global Link Asia Consulting is here to help

Preparare of financial statements in accordance with international accounting tax standards (IFRS) and Belizean regulations.

Assit in declaring and calculating taxes using the IBC's annual corporate income tax form (BTS290).

Consult services to help businesses optimize their tax models and strategies effectively.

Support in registering the Tax Identification Number (TIN) with the Registry.

Support in exchange with the Belizean tax department during the tax return submission process until it is successfully completed.

Enthusiasm - Professional - Reliable - English and Vietnamese

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What our process looks like?

Step 1: Service Consultation

Based on your specific needs and requirements of the business, we collect the necessary information and provides advice on service packages that are tailored to meet the business's unique needs.

Following this consultation, we send you a comprehensive email outlining the tax and accounting process, the required documents, and the service fees. Any inquiries or questions from the business can be addressed through phone contact or in-person meetings at the office.

Step 2: Payment

You will receive clear payment instructions via email to facilitate the payment process once you decide to entrust us.

Step 3: Internal system set up

Firstly, our expert will begin with an initial assessement to ensure that all essential information has been provided and that the groundwork is laid for accurate accounting.

Our tax accounting consultants will set out the procedures and roles of each person in charge, creating an efficient workflow for information exchange and sharing, initiating the necessary accounting tasks.

Step 4: Review and Approval

Once prepared, reports are sent to your business for a meticulous review and approval process. This ensures that the financial reports are accurate and in line with the business's expectations.

Step 5: Tax submission

When the tax declaration deadline approaches, we will prepare the right tax declaration based on the final financial statement reports.

Experience the difference our service can make by transfering to us

Quick and seamless transition

The process of transitioning from another service provider to Global Link Asia Consulting will be done quickly and efficiently.

Thorough data verification and processing

We take the initiative to support businesses in addressing outstanding tax and accounting records and procedures that were not submitted.

We help integrate your data in QuickBooks online accounting software securely and safely.

Ensured Adherence to Tax and Accounting Standards

We conduct a thorough examination of the records to make sure that all information is processed while adhering to the standards set by the respective Offshore national accounting tax regulations.

Who can benefit from our services?

Start-ups, newly-formed compabies

Small and Medium companies

Multi-branch enterpriess

It’s time for better tax optimization

Global Link Asia Consulting dont just consult, we solve your puzzle.

Schedule a free consultation now Contact our 10-year accountant

Why should you consider Global Link Asia Consulting's Offshore tax accounting and financial reporting services?

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What do our clients say?

Linh Phan [...] The team is highly professional. They closely monitor and help me when I need. My dedicated accountant is enthusiastic, proactive and highly professional.

Thai Duong [...] Global Link Asia Consulting team always reminds me on time of the deadlines and quickly consult my company on complex tax issues. A big thank to the team.

FAQ

1. What our tax accounting services for Offshore include?

Our services ussually comprives of the following supports:

Monthly or yearly financial reporting, accounting, and tax services.
Preparation and submission of corporate income tax declarations.
Consulting on International Accounting Standards and local tax regulations.
Assistance with Economic Substance Reporting in jurisdictions like BVI/Belize.
Individualized advice and support from a team of tax and accounting experts.
Utilization of QuickBooks Online for efficient document management.
Implementation of modern technology and processes for monitoring and reporting.
Ensuring compliance with regulations regarding business activities and substance tests in Offshore jurisdictions.

2. What is Economic Subtance requirements?

The Economic Substance Report, which is required in certain Offshore jurisdictions like BVI/Belize. This report verifies that the business activities of an Offshore enterprise comply with the Economic Substance Legislation, including criteria like direction and management within the jurisdiction, sufficient local spending and resources, and conducting core income-generating activities locally.

3. Are the Economic Subtance reports a requirement for offhsore companies?

Not all Offshore businesses are obligated to submit this report, it depends on the specific regulations of the Offshore jurisdictions.

Contact us today to see if your company needs to prepare Economic Subtance reports or not.

4. Why shoul you choose us as your tax-accounting partner?

There are 4 reasons many of our clients choos us for the Offshore tax accounting services. These are:

Expert guidance from a team of tax accountants and legal professionals.
Efficient document management using QuickBooks Online.
Implementation of modern systems for monitoring and reporting.
Assistance with compliance in various Offshore jurisdictions.

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We are ready to help you succeed

I aim to employ international financial report preparation, advisory, and tax filing services to instill professionalism and achieve breakthroughs in my business today.

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Useful resources

Are you a business looking to tap into the potential of the Offshore market?

Look no further than Global Link Asia Consulting! Our team of experts is dedicated to providing you with the information and resources you need to thrive.