WELCOME TO OCRA (LONDON) LIMITED

For the last 25 years we have been based in Mayfair, London, the world's leading international financial centre, and specialising in corporate planning and UK tax consultancy, we provide cost effective and robust business solutions for companies and entrepreneurs wishing to establish a presence in one of the world's biggest economies.

OCRA's London-based in-house tax team provides advice on all aspects of United Kingdom and international tax issues.

  • United Kingdom companies or businesses investing outside the United Kingdom
  • Non-UK corporations or businesses investing into the United Kingdom
  • International company formations in over 50 global jurisdictions
  • Consultants and senior executives with overseas contracts taking employment outside, or returning to, the United Kingdom
  • Non-UK nationals coming to the United Kingdom in order to minimise income or capital gains taxes they would otherwise pay in their country of tax residence

We warmly invite your enquiries

We would welcome the opportunity to assist you. Call us direct on +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation.

MICHAEL CLIFFORD
Managing Director




International Business Solutions

  • Establishment of UK Business Entities
  • Offshore Company Formation
  • Virtual Office & Physical Presence Solutions
  • Foreign market entry
  • Trade facilitation & investor search
  • Website design and development

Legal Corporate Services

  • Intellectual Property (Trademark, Patent and Royalty work)
  • Immigration Services
  • Wills & Succession
  • International Compliance Services
  • Transfer of Management to OCRA London
  • Company Closure & Liquidations


Business Advisory Services

  • Assistance with EU business, Eastern European Business & Fiscal Engineering
  • Advice on all aspects of UK and International Tax issues
  • Property Tax Advice
  • Business Restructuring
  • Advice on utilising structures domiciled in high tax areas for International Tax Planning
  • International Tax Planning

Corporate Accounting Services

  • Management Accounts and Annual Accounts preparation
  • Book Keeping & Payroll
  • VAT Registration & Quarterly
  • Planning for EU Transactions & VAT Consulting
  • Corporate Tax Planning
  • Budgeting & Cash flow management

OCRA (London) Limited is incorporated in England & Wales company number 02308186 and regulated for Money Laundering in the United Kingdom by HM Customs & Excise registration number 12306016.

BIENVENUE À OCRA (LONDRE) LIMITÉE

Basé dans le quartier de Mayfair à Londres, premier centre financier international dans le monde depuis plus de 25 ans et spécialisée en planification fiscale des sociétés et de conseil au Royaume-Uni nous fournissons des solutions d'affaires rentables et robustes pour les entreprises et les entrepreneurs qui souhaitent établir une présence dans l'une des plus importantes économies du monde.

Basée à Londres notre équipe de fiscalité fournit des conseils sur tous les aspects fiscaux de Royaume-Uni et Internationales.

  • Entreprises Britannique ou les entreprises qui investissent à l'extérieur du Royaume-Uni
  • Sociétés non britanniques ou d'entreprises d'investissement au Royaume-Uni
  • La constitution de sociétés internationales dans plus de 50 juridictions ensemble
  • Les consultants et cadres supérieurs avec des contrats outre-mer qui prennent de l'emploi à l'extérieur, ou regagnant le Royaume Uni
  • Les ressortissants non britanniques déplaçant au Royaume-Uni afin de payer moins d'impôt sur le revenu ou les gains en capital qu'ils paieraient autrement dans leur pays de résidence

N'hésitez pas à nous contacter

Nous serions heureux de vous aider. Appelez-nous directement sur +44 0 20 7317 0600 ou prendre contact dès maintenant pour une consultation gratuite et sans engagement.

MICHAEL CLIFFORD
Directeur Général




Solution Commerce International

  • Mise en place d'entités au Royaume-Uni
  • Formation Société Offshore
  • Bureau virtuel & présence physique
  • Configuration d'entrée sur le marché
  • La facilitation du commerce et recherche sur l'investisseur
  • Conception et développement de sites Web

Affaires juridiques

  • Propriété intellectuelle (marques, brevets et travaux de droits)
  • Services d'immigration
  • Testaments et Successions
  • Services Internationale de la conformité
  • Transfert de la gestion de votre société a OCRA Londres
  • Radiation & Liquidations de Société


Service-conseil

  • Assistance avec les entreprises de l'UE, Europe de l'Est & Ingénierie Fiscal
  • Conseils sur tous les aspects fiscaux du Royaume-Uni et internationales
  • Conseils sur l'impôt foncier
  • Restructuration d'entreprise
  • Conseils sur l'utilisation de structures domiciliées dans les zones d'imposition élevés pour la planification fiscale internationale
  • Planification fiscale internationale

Services de comptabilité des entreprises

  • Gestion de Comptes et le préparation des comptes annuels
  • Comptabilité et tenue de livres
  • Services fiscaux
  • Planification de la TVA pour les opérations en l'UE et Conseil en TVA
  • Planification d'impôt des sociétés
  • La gestion des budgets et des flux de trésorerie

OCRA (London) Limited est constituée en Angleterre et au Pays de Galles le numéro de société est 02308186 et réglementée pour le blanchiment d'argent au Royaume-Uni par HM Customs & Excise numéro d'enregistrement 12306016.

BIENVENIDOS A OCRA (LONDON) LIMITED

Con sede en Mayfair, Londres, centro financiero mundial, especializados en la planificación corporativa y asesoría fiscal durante los últimos 25 años. Ofrecemos soluciones rentables y robustas para compañías y emprendedores con intención de crear presencia en una de las economías más grandes del mundo.

Nuestro departamento interno de asesores fiscales proporcionan asesoría en todo tipo de cuestiones, a base internacional y en el Reino Unido.

  • Compañías Británicas o negocios invirtiendo fuera del Reino Unido
  • Compañías no Británicas o negocios invirtiendo en el Reino Unido
  • Formación de compañías en más de 50 jurisdicciones globales
  • Asesores y ejecutivos de alto nivel con contratos de empleo en el extranjero, o de regreso al Reino Unido
  • Individuos residentes fuera del Reino Unido con fin de reducir al mínimo los ingresos o ganancias de capital, que de otra manera tuviesen que pagar en su país de residencia fiscal

Póngase en contacto con nosotros

Estaríamos encantados en ofrecer nuestros servicios. Llámenos al +44 0 20 317 0600 para una asesoría gratuita y sin compromiso.

MICHAEL CLIFFORD
Director General




Soluciones de Comercio Internacional

  • Creación de empresas en el Reino Unido
  • Creación de empresas offshore
  • Servicios virtuales y presencia física
  • Entrada al mercado extranjero
  • Facilitación de comercio y factores de apoyo en la investigación inversora
  • Diseño y desarollo de página web

Servicios legales

  • Propiedad intelectual (marcas registradas, patentes y regalía)
  • Servicios de inmigración
  • Testamentos y Sucesiones
  • Servicios Internacionales de Cumplimiento de normas
  • Traslado de administración a Ocra Londres
  • Cierre y liquidación de empresas


Servicios de Asistencia Comercial

  • Asistencia con empresas en Europa, Europa del Este e Ingeniería Fiscal
  • Consejo en todo tipo de aspectos fiscales en el Reino Unido e internacional
  • Asesoría relativa a impuestos sobre patrimonio
  • Reestructuración de empresas
  • Planificación fiscal a nivel internacional de aquellas estructuras domiciliadas en zonas de alta tasa
  • Planificación fiscal a nivel internacional

Servicios de Contabilidad

  • Gestión de cuentas y preparación de cuentas anuales
  • Contabilidad y Servicios de Nómina
  • Registración de IVA y entrega trimestral
  • Planificación de operaciones comerciales en la Unión Europea y consejo sobre IVA
  • Planificación del impuesto a la renta empresarial
  • Elaboración de presupuestos y gestión de movimiento de efectivo

OCRA (Londres) Limited incorporada en Inglaterra y Gales con número 02308186 y regulada ante el Blanqueo de Capitales en el Reino Unido por HM Customs & Excise número de registro 12306016

BENVENUTI A OCRA (LONDON) LIMITED

Per gli ultimi 25 anni siamo stati con sede a Mayfair, Londra, centro finanziario internazionale. Forniamo soluzioni di comercio efficace e robuste con costo economico per gli aziende e gli imprenditori che intendono stabilire una presenza in una dei più grande economie del mondo. Specializzate anche in pianificazione aziendale e consulenza fiscale nel Regno Unito e internazionale.

Nostro dipartimento interno di consulenti forniscono consulenza su tutti aspetti di questione fiscale nel Regno Unito e a livello internazionale.

  • Societá nel Regno Unito o societá per investire fuori dal Regno Unito
  • Societá non residente nel Regno Unito o societá per investire nel Regno Unito
  • Formazione di societá a livello internazionale in più di 50 paese
  • Consulenti e dirigenti con contratti all'estero, o tornando al Regno Unito
  • Cittadini non Britanniche che vengono al Regno Unito, al fine di ridurre le imposte sui rediti o plusvalenze che avrebbero altrimenti pagare nel loro paese di residenza fiscale

Bisogna consiglio? Parla con noi

Parla con noi direttamente al +44 0 20 7317 0600 per una discussione gratuita senza obbligo.

MICHAEL CLIFFORD
Direttore Generale




Soluzione di Comercio Internazionale

  • Creazione di societá nel Regno Unito
  • Creazione di societá offshore
  • Soluzione di Ufficio Virtuale
  • Entrata nel mercato estero
  • Facilitazione commercial e aiuta nella ricerca investitore
  • Web Design

Servizi Legali

  • Proprietá Intelletualle ( marchio registrato, brevetto e diritto)
  • Servizi dell'immigrazione
  • Testamenti e Successione
  • Servizi di Compliance/Norme a livello internazionale
  • Trasferimento di amministrazione di societá a OCRA London
  • Chiusura di societá e Liquidazione


Servivi di Assistenza

  • Assistenza con il commercio in Europa ed Europa dell'Est
  • Consiglio su tutti aspetti di tasse nel Regno Unito e internazionale
  • Consiglio su tassa di proprietà
  • Ristrutturazione Aziendale
  • Pianificazione di stutture con domicilio in zone di alta tassa
  • Pianificazione Fiscale Internazionale

Servizi di Contabilità

  • Gestione di conti e preparazione annuali di conti
  • Mantenimento dei libri contabili e servizi di retribuzione
  • Registrazione e preparazione trimestrale per IVA
  • Pianificazione per le operazione commerciale nell'Unione Europea e consiglio sull' IVA
  • Pianificazione Fiscale relative alle societá
  • Gestione del flusso monetario

OCRA (London) Limited registrata in Inghilterra e Galles número di societá 02308186 e regolata per reciclaggio di denaro nel Regno Unito per HM Customs & Excise número di registrazione 12306016

CONTACT DETAILS

OCRA (London) Limited
3rd Floor
14 Hanover Street
Mayfair
W1S 1YH
London
United Kingdom

T: +44 0 20 7317 0600
E: enquiry@ocra.co.uk

Languages Spoken: English, Albanian, French, Italian, Portuguese, Polish, Russian, Nepalese, Maltese and Spanish

Time in London is:

MEET THE TEAM

We would welcome the opportunity of being able to assist you with your personal wealth management. Please feel free to contact any of our key team members listed below for a free explanatory discussion without obligation.

MANAGING DIRECTOR
Michael Clifford, FInstAM MIoD

Michael Clifford joined the group in 1990 and is the managing director of OCRA (London) Limited. He has extensive experience in the corporate services, specialising in the structuring of international companies for global trade and investment. Michael maintains close relationships with selected banks and our intermediary network and is available to meet personally with clients to discuss their requirements.

Main Line: +44 0 20 7317 0600
Direct Line: +44 0 20 7317 0605
Mobile: +44 0 77 6522 3353
Email: mclifford@ocra.co.uk
CHIEF OPERATING OFFICER
Franco Gjolleshi

Franco Gjolleshi joined OCRA (London) Limited in 2004 and has gained significant experience in establishing and administering secure and efficient corporate and trust structures for high net-worth private individuals and families as well as small-and-medium size enterprises. Franco is also responsible for the day-to-day management and administration of a portfolio of clients.

Main Line: +44 0 20 7317 0600
Direct Line: +44 0 20 7317 0613
Mobile: +44 0 77 6693 5327
Email: fgjolleshi@ocra.co.uk
HEAD OF COMPLIANCE
Susana Ramas, B.A. (Hons), Adv.Cert (AML)

Susana Ramas joined OCRA (London) Limited in 2006 as a University Graduate in Professional Language Studies with Business. Susana is an experienced relationship manager with excellent linguistic skills in five languages. She oversees our client relationships on a day-to-day basis and is the main point of contact for offshore corporate banking. Susana has completed the Advanced Certificate in AML, an ICA course backed by the British Bankers Association in Anti Money Laundering and is currently working towards a Diploma level in the same field. From October 2015, Susana has been Head of Compliance for OCRA London Ltd, thus responsible for ensuring OCRA London Ltd is in compliance with AML requirements and the effective implementation of AML policies.

Main Line: +44 0 20 7317 0600
Direct Line: +44 0 20 7317 0604
Email: sramas@ocra.co.uk
SENIOR ACCOUNTANT
Harihar Upadhyaya, MBA FCCA

Harihar Upadhyaya is a fellow member of the Association of Chartered Certified Accountants (UK). After qualifying the ACCA exam in 2000, he worked in various accountancy firms in the UK (including a Top 10 Firm) for 10 years where he gained extensive experiences in the field of client accounting and taxation affairs. He also has working experience in a financial institution (of Nepal) after completing his MBA from Nepalese university. Harihar joined OCRA (London) Limited in 2009 as a Senior Accountant. He oversees the accountancy and taxation affairs of domestic and offshore SME's.

Main Line: +44 0 20 7514 9901
Direct Line: +44 0 20 7317 0616
Email: hupadhyaya@ocra.co.uk
COMMERCIAL SERVICES ADMINISTRATOR
Darren Bonello, MInstAM

Darren joined the group in 2006 and has gained extensive knowledge in UK corporate services industry and is currently responsible for the delivery of service to our international intermediary network.

Main Line: +44 0 20 7317 0600
Direct Line: +44 0 20 7317 0608
Email: dbonello@ocra.co.uk
CORPORATE ADMINISTRATOR
Marietta Sierota

Marietta joined the group in 2013 and is responsible for day-to-day administration and credit control for a portfolio of clients.

Main Line: +44 0 20 7317 0600
Direct Line: +44 0 20 7317 0615
Email: msierota@ocra.co.uk
IT CONSULTANT
Amrish Seedoyal, Msc MInstAM

Amrish Seedoyal joined OCRA (London) Limited in 2006 holding a Master degree in Computer Systems Engineering, he is responsible for most aspects of Information Technology including Web Development and systems engineering. With his extensive knowledge gained in the IT industry, he is also responsible for designing and implementing computer systems, software and networks includes defining complex system requirements, determining system specifications, processes and working parameters.

Main Line: +44 0 20 7317 0600
Direct Line: +44 0 20 7317 0611
Email: aseedoyal@ocra.co.uk

EXPERTISE & FOCUS

OVERVIEW

From our offices in Mayfair, OCRA London's professional team of consultants provide a range of solutions and services for companies and entrepreneurs wishing to establish a presence in Britain - the world's fifth biggest economy, and in London - the world's leading international financial centre.

We have particular expertise in the utilisation of United Kingdom business entities for British and European Market entry and International Trade and Investment. We also offer a comprehensive range of professional services and business support for clients wishing to establish a base in London. These include:

  • Registered office address facilities
  • Professional directors and nominee shareholders
  • Company secretarial services
  • Company administration services
  • Assistance in the day-to-day management of the company
  • A turnkey administrative service for client companies
  • Advisory services around UK taxation
  • Assistance with the opening and operation of bank accounts
  • Trading and letter of credit services
  • Accounting, financial reporting and consolidation
  • London-based virtual office services
  • The preparation of management and statutory accounts
  • Arranging audits
  • Arranging for the provision of legal and taxation advice and opinions
  • Intellectual property, trademark, patent and royalty work
  • Issues relating to work permits and immigration
  • UK / European property tax-efficient ownership solutions
  • Website solutions and E-commerce

We would welcome the opportunity to provide you with a free initial consultation at no obligation. We will examine and evaluate your business activities and advise you on the most suitable business structure to adopt in terms of your operational and taxation objectives.

Why Choose Britain?
  • The most favoured inward investment location in Europe, attracting around 40% of Japanese, US and Asian investment into the European Union.
  • Fast, easy access to the European Union single market and an environment which allows business to prosper.
  • Companies based in the United Kingdom are well-placed to do business in the global marketplace. UK's integrated transport network provides fast, low-cost delivery throughout Europe.
  • The United Kingdom's business environment gives every incentive for companies to grow, innovate and compete in a global marketplace.
  • The United Kingdom boasts the lowest utilities costs in the European Union. Its telecommunications industry is one of the most advanced in the world.
  • Certain tax allowances are available to companies setting up in specific areas of the United Kingdom. In addition, the United Kingdom has one of the lowest main corporation tax rate of any major industrialized country.
RELATED RESOURCES

Doing Business in Britain

For those seeking to maximise potential, OCRA (London) Limited is perfectly positioned to assist clients in the creation and protection of wealth.

We invite you to contact our team for a free consultation without obligation.

ESTABLISHMENT OF UK BUSINESS ENTITIES

The OCRA (London) Limited team is fully conversant and experienced in the procedures for establishing United Kingdom business entities and last year alone set up over 7,500 companies for businessmen and entrepreneurs.

Click on the links below to learn more about the various features and benefits of these UK companies:

United Kingdom Private Limited Companies
United Kingdom Public Limited Companies
United Kingdom Limited Liability partnerships
United Kingdom Agency Company

United Kingdom Private Limited Company (LTD)

This type of company can be used for:

  • EU VAT Registration and International Trading
  • Trading
  • Trade Finance
  • Asset Holding
  • Investment
  • To minimise UK taxes
  • International Tax Planning/ Tax Mitigation
  • Holding Company e.g. Intellectual Property, Investments, Real Estate

Benefits

  • Limited Liability
  • Corporate tax of 20% - 21%
  • Double Taxation Treaty Access - party to more tax treaties than any other sovereign state
  • Relatively easy and inexpensive to form
  • Online filing of UK Annual Returns
  • Online filing of Accounts
  • Regarded as an "On Shore" entity and perceived as highly professional
RELATED RESOURCES
Information Downloads & Order Forms

UK LTD Order Form
UK Private Limited Information Sheet

Back to top
United Kingdom Public Limited Companies (PLC)

This type of company can be used for:

  • EU VAT Registration and international trading
  • Trading
  • Asset Holding
  • Investment

Benefits

  • Can offer shares to the general public
  • Limited liability
  • Corporate tax of 20% - 23%
  • Double Taxation Treaty Access - party to more tax treaties than any other sovereign state
  • Online filing of UK Annual Returns
  • Online filing of Accounts
  • Regarded as an "On Shore" entity and perceived as highly professional
  • Minimise UK taxes
RELATED RESOURCES
Information Downloads & Order Forms

UK PLC Order Form
UK PLC Information Sheet

Back to top
United Kingdom Limited Liability Partnerships (LLP)

This type of company can be used for:

  • Trading UK residents
  • Trading for non-residents who operate outside the UK and have no UK income will be outside the scope of UK Taxation
  • International Trading (No UK income or UK Members to obtain zero tax liability)
  • Asset Protection
  • VAT Registration
  • Professional firms requiring limited liability e.g. lawyers & accountants
  • Joint Ventures
  • International tax planning

Benefits

  • Limited Liability to capital contribution of the partnership
  • Relatively easy and inexpensive to form
  • Easy to Operate
  • Online filing of UK Annual Returns
  • Online filing of Accounts
  • Corporate Tax of 0%, partners are taxed on their personal income
  • Members can be replaced or leave without dissolving the limited partnership
  • Proof of existence and good standing easily obtainable for foreign transactions
RELATED RESOURCES
Information Downloads & Order Forms

UK LLP Order Form
UK LLP Information Sheet

Back to top
The UK Agency Company

The UK Agency Company is a popular vehicle within the field of international trade but must never be used if UK resident beneficial owners, or goods and assets involved in its trade, are situated in the United Kingdom.

The rationale behind the use of such an entity is that the Company, fully liable for UK corporate tax, undertakes business for and on behalf of a non-resident principal.

The concept of the structure is that the principal, who has the knowledge, know-how and business acumen, engages an independent UK company to act as its agent for some or all of its international business. The UK Company in turn will enter into trading agreements with customers of the principal to buy or supply goods from or to third parties for and on behalf of the principal.

Generally, a formal agreement is entered into between the principal and the UK Company, which would entitle the UK Company to a fee relating to the services that it is requested to perform. All trading operations are executed by the UK Company for and on behalf of the principal.

The fee charged by the UK Company would be an amount that reflects the responsibility and work undertaken by the UK Company on behalf of the principal. This fee will be retained by the UK Company to cover its operational and administrative costs. The profit element of the fee will then be subject to UK corporation tax at 20-23%. An acceptable fee, chargeable by the UK Company would be between 5-10% of gross turnover or profit, whichever is the greater. The balance of the trade would be for the account of the principal.

If trading occurs within the European Union and the turnover of the UK Company exceeds the threshold for VAT registration purposes of £77,000 the UK Company would be obliged to register for VAT within the UK. A UK Company can voluntarily register for VAT should the turnover be below the stated threshold as long as it can demonstrate that it intends to turnover more than the threshold amount.

VAT registration is an important feature when trading in the European Union as this is the only method of facilitating cross-border triangulation without the need to charge VAT to other corporate bodies within other member states. Put simply, if a UK Company issues a VAT invoice to another company based in another European Union member state, and as long as the recipient company's VAT/TVA number is quoted on the same invoice, the supply can be zero rated.

Operational Case Study

The UK Company enters into agreements, on behalf of the Principal, to buy shoes from a Portuguese shoe manufacturer and supply the same to an Italian fashion group.

The Portuguese company will invoice the UK Company for the market value of the shoes, quoting their respective VAT number and reflecting the UK Company’s VAT number on their invoice, thus zero rating the supply.

The UK Company in turn will request that the goods be delivered to a Freeport where they will take title of the goods and tranship the stores to Italy.

At this time the UK Company will issue an invoice to the Italian fashion group, again reflecting the UK Company’s VAT number and that of the Italian Company, in order to zero rate the supply for VAT purposes. The stores are thus delivered with all documentation reflecting the UK Company and not the original supplier.

Once the goods have been received and accepted in Italy, the Italian fashion group will pay the invoice received from the UK Company direct into the bank account of by the UK Company.

On receipt of the funds, the UK Company will in turn settle the invoice received from the Portuguese Company.

The remaining funds, less the agreed fee for the UK Company, will be remitted to the Principal.

Potential Issues
  • It is advisable that this structure is not utilised for trading in the UK, as UK sourced income would be subject to taxation.
  • It is recommended that the Directors and shareholders of the UK Company and Principal are not connected, and the majority of the board of directors are not UK resident.
  • Any agreements that the UK Company enters into on behalf of the Principal should be signed outside the UK by one of the non-UK resident directors.
  • A certificate of tax residence may be required in order to avoid withholding taxes.
  • It is a requirement for all UK Private Limited Companies to file annual accounts with the Inland Revenue and the Registry.
RELATED RESOURCES
Information Downloads & Order Forms Back to top

We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation:

MICHAEL CLIFFORD
Main Line: 
Direct Line: 
Mobile: 
+44 0 20 7514 9997
+44 0 20 7317 0605
+44 0 77 6522 3353
Email: mclifford@ocra.com

CORPORATE TAX PLANNING

The UK enjoys the benefits of a common law legal system which is proven and internationally recognised as innovative and fast moving. It is a fact that most international banking, insurance, shipping and aviation contracts are, to a significant extent, based upon UK law.

The taxation of UK companies (corporation tax) is charged at the rate of only 20% where the net profits before tax (that is after the deduction of allowable costs and expenses incurred by the company in its financial year) do not exceed £300,000. Thereafter the rate of corporation tax payable rises incrementally until the net profit before tax exceeds £1.5 million where the effective top rate of tax, charged at 23% is reached. It should be noted that rules exist which effectively prevent group or associated companies each applying for lower rate taxation.

In addition, the United Kingdom has one of the largest double taxation treaty network in the world and is, accordingly, ideally placed to enable internationally based companies and businesses to develop trading structures which can, to a significant extent, reduce the burden of withholding taxes charged against royalties, interest payments, dividends and the like.

There is no withholding tax payable when UK companies pay dividends to non-UK shareholders. The UK International Headquarters Company, subject to conditions, permits UK companies which are owned to a minimum of 80% by non-UK tax residents and who have subsidiaries incorporated either within the European Union or in countries with whom the UK is a signatory to an appropriate double taxation treaty, to receive dividends from those subsidiaries and pay those dividends to its shareholders free of any liability to UK tax.

We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation:

HARIHAR UPADHYAYA
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0616
Email: upadhyaya@4business.com
HARIHAR UPADHYAYA
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0616
Email: upadhyaya@4business.com

TAX EFFICIENT STRUCTURING OF UK PROPERTIES

The United Kingdom has long been considered a "tax haven" for non-resident individuals, companies and trusts investing into the UK property market. The favourable tax treatment for non-resident landlords has long been believed to be one of the major reasons for the long term continuing rise in property values in the UK. Rental income has traditionally exceeded both inflation and the normal rates of interest for cash investments and as a long term investment United Kingdom situated property has usually proved to be a valuable source of capital gains.

For UK citizens (those who are domiciled, ordinarily resident and resident) the only exemption to the charge to capital gains is where that individual sells his principal private residence. The exemption is lost for second or holiday homes and there are also significant problems which arise where even in the case of an individual's principal private residence he also uses that property in connection with his business. This position is not, fortunately, reflected in the case of those who are not UK domiciled or ordinarily resident.

In its simplest form a non-UK taxpayer can significantly reduce the liability to UK taxation by establishing a structure based largely upon the following:

A company is created in a country of low or zero taxation which is used to purchase property in the UK.

That company is financed by loans made from third parties be they trusts or non-UK resident individuals. It is an important consideration that interest, charged at market value, is paid on such loans.

The company acquires the UK property and the third party lender takes a legal charge over the property which is registered at the UK Land Registry.

The company approaches the Inland Revenue as a non-resident landlord and confirms, in so doing, that it will file accounts and annual returns with the non-resident landlord unit at the Inland Revenue. If such an application is successful the tenant of the UK property is entitled to pay any rent he is charged gross and directly to the non-resident landlord. In other cases a tenant paying rent to a foreign landlord in respect of the tenant's occupation in the UK of foreign owned property must be subject to a charge to withholding tax.

The annual accounts of the company show the rental income against which interest is an allowable deduction together with all other usual business expenses which might be incurred by the company (managing agent's charges, accountants and legal fees.

Properly structured the company will make little or no profit which will be chargeable to UK corporation tax.

A further and significant advantage of those present UK rules affecting UK based property owned by non-UK tax payers or companies is that the UK does not seek to charge capital gains tax on the income received from the sale of UK based property where the seller is not is otherwise UK tax resident.

Stamp duty is, however, a consideration in any UK property transaction where the name of the registered proprietor (owner) is changed at the UK Land Registry.

UK properties sold for a consideration in excess of £250,000 but less than £500,000 are charged at the rate of 3%, over £500,000 but less £1,000,000 the rate is 4% and sales for a value in excess of £1 million are charged a stamp duty at the rate of 5%. However the 2012 budget has seen the introduction of a 7% stamp duty on properties that cost over £2 million (so called Mansion Tax) and 15% on property over £2 million purchased via a company.

We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation:

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

MICHAEL CLIFFORD
Main Line: 
Direct Line: 
Mobile: 
+44 0 20 7514 9997
+44 0 20 7317 0605
+44 0 77 6522 3353
Email: mclifford@ocra.com
FRANCO GJOLLESHI
Main Line: 
Direct Line: 
Mobile: 
+44 0 20 7317 0600
+44 0 20 7317 0613
+44 0 77 6693 5327
Email: fgjolleshi@ocra.com

ACCOUNTING & BOOKKEEPING

Aventrica LLP, chartered accountants, is our in-house accountancy firm servicing a broad range of clients across a diverse range of industries and professions. Let Aventrica provide you with the professional advice and support required to help your business achieve the success you strive for.

Business services

Every business owner needs a team of professionals in the background who provide continuous support and advice. That's what we are here to do. Through years of commitment to our business clients we have developed a wide range of skills and services designed to improve business performance and profitability.

Individual services

Because we establish a one-to-one relationship with each client we are able to offer timely, individual advice on how to improve your business or personal finances.

As leading edge accountants we have developed innovative client-focused services that provide not only all the reliable background support you would expect from a professional firm but also forward-thinking advice on how to improve your situation.

By entrusting us with your accounting activities, you are not only accessing OCRA's global expertise, you are freeing up you and your team to focus on your core areas of expertise.

Our proactive accountancy teams provide:

  • Accounting, financial reporting and consolidation
  • The preparation of management and statutory accounts
  • Arranging audits
  • VAT advice, registration and related services
  • Financial modelling and forecasting
  • Preparation of business plans
  • Preparation and filing of tax returns
  • Tax computation and submission
  • Debt analysis and recovery services

We would welcome the opportunity to assist you with more information on the services Aventrica can offer. Call us direct on +44 0 20 7317 0660 or visit our dedicated website www.aventrica.co.uk

HARIHAR UPADHYAYA
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0616
Email: upadhyaya@4business.com
AVENTRICA LLP
Tel: 
Fax: 
+44 0 20 7317 0660
+44 0 20 7317 0661
Email: support@aventrica.co.uk

VIRTUAL OFFICE & PHYSICAL PRESENCE SOLUTIONS

OfficeXchange is one our inhouse support companies that helps businesses big and small reduce costs and improve customer service levels with virtual office services, gap telephone cover and business critical telephone support.

Mail Acceptance & Forwarding

Clients who choose our Mail Forwarding Services can be confident in the knowledge that their mail will be dealt with through a dedicated point of contact. All mail is "logged in" and a corresponding log of all outgoing mail is maintained. For clients who cannot wait for regular mail to be forwarded by post an "Open and Send" service is available whereby the mail is routinely opened and either scanned and e-mailed or, if preferred and where possible, faxed to the recipient.

Sophisticated Call Answering

For clients who require a dedicated telephone number our Customer Services Centres use modern call centre technology. When calls are made to your dedicated number, a screen prompt displays your company greeting along with any specific instructions you may have requested on that day. The Operator relays the appropriate information to the caller, takes a message or re-directs the call to the number you have specified. The system connects you to your caller in seconds; no matter where you are in the world. It is as if you were in the adjacent office!

Meeting Room Facilities

Meet with clients and colleagues in a professional and private environment, complete with free access to Broadband Internet and office support services. Our facilities and support staff will provide you with an experience that will leave you and your clients feeling that the office is your own.

We would welcome the opportunity to assist you with more information on the services OfficeXchange can offer. Call us direct on +44 0 20 7317 0600 or visit our dedicated website www.office-xchange.com

MICHAEL CLIFFORD - Director
OfficeXchange
Main Line: 
Direct Line: 
Mobile: 
+44 0 20 7317 0620
+44 0 20 7317 0605
+44 0 77 6522 3353
Email: support@office-xchange.com

IMMIGRATION SERVICES

Our immigration services are led by Jonathan Beech, an immigration professional with over 10 years' experience gained at the UK Home Office IND and two of the 'Big Four' global advisory firms. Jonathan managed KPMG's UK immigration practice; he has handled the immigration affairs of many prestigious FTSE 100 companies; and he's spoken at numerous seminars.

Help for Businesses:
  • Provide information and guidance, and handle work permit applications for employees relocating to the UK
  • Provide the most efficient means of legalising the stay of newly identified staff in the UK
  • Assist with the set up of new companies in the UK and any associated 'Sole Representative' visas
  • Handle employee requests for advice, including family immigration matters, permanent residency, and British Nationality
  • Ensure that your workforce is compliant with immigration legislation, and you hold correct evidence on file protecting you from potentially damaging immigration enforcement
Help for Individuals:

If you're a private individual we can:

  • Handle applications for students, visitors, UK ancestry, marriage, investors, innovators, retired persons, highly skilled migrants, business persons, Commonwealth working holidaymakers, permanent residency and British nationality

We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation:

MICHAEL CLIFFORD
Main Line: 
Direct Line: 
Mobile: 
+44 0 20 7514 9997
+44 0 20 7317 0605
+44 0 77 6522 3353
Email: mclifford@ocra.com

EU / EASTERN EUROPEAN BUSINESS & FISCAL ENGINEERING

The transformation of EU's centrally planned economy into a market-oriented economy has created a business and market environment in EU where business regulations are subject to change, business goal posts are constantly being moved and bureaucracy is overbearing. Thus, doing business in the EU and EU market entry are often challenging experiences. Coming to terms with European legislation, regulation, taxation and, most importantly, the European way of doing business can be both expensive and time-consuming.

Based in Europe's Top Business City, OCRA (London) Limited offers cost-effective EU Business Services and EU market entry solutions and expertise to companies and entrepreneurs wishing to take advantage of the attractive quality-to-cost ratio of EU manufacturing operations or seeking to access EU's growing market for imported goods and services.

Our strength lies in our understanding of and ability to deal with these EU business and market entry challenges. Our extensive network of relationships in EU, developed over thirty years of doing business in EU, ensures that our clients receive full support in their business activities, be they in EU trade, services or investment.

What we offer businesses looking for EU Business and Market Entry solutions:
  • Advice on the selection, establishment and maintenance of an offshore or onshore company, trust, or international tax planning solution
  • Corporate structuring and financial engineering
  • VAT planning
  • Assisting with the implementation of trading, investment and other structures along with contractual matters, invoicing and other day-to-day affairs of corporate structures
  • Advice on utilising structures domiciled in high tax areas for international tax planning
  • Expertise in utilising double tax treaties
  • Establishment of offshore trusts and foundations in a variety of jurisdictions
  • Drafting commercial, consultancy and employment contracts
  • Intellectual property (Trademark, patent and royalty work)
  • Consultancy services for high net worth individuals, companies, financial institutions and governments
  • Assistance with EU business, Eastern European business and fiscal engineering
Related Resources
United Kingdom Austria Belgium Cyprus Malta Netherlands Czech Republic Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Latvia Lithuania Luxembourg Norway Poland Portugal Spain Slovakia Sweden

We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation:

MICHAEL CLIFFORD
Main Line: 
Direct Line: 
Mobile: 
+44 0 20 7514 9997
+44 0 20 7317 0605
+44 0 77 6522 3353
Email: mclifford@ocra.com

VAT PLANNING FOR EU TRANSACTIONS & VAT CONSULTING

Non-EU vendors must register for VAT in one of the European Union Member States. The VAT authorities of the Member State in which the Non-EU vendor has registered will remit VAT collected to the states in which sales have been made. The rate of VAT and rules relating to VAT vary from state to state. Sample rates of VAT:

  • Madeira 22%
  • Luxembourg 15%
  • UK and the Isle of Man 20%
  • Sweden 25%
  • Denmark 25%
What is VAT?

Value Added Tax (VAT) is a general consumption tax assessed on the value added to goods and services.

It is a general tax that applies, in principle, to all commercial activities involving the production and distribution of goods and the provision of services. It is a consumption tax because it is borne ultimately by the final consumer. It is not a charge on companies. It is charged as a percentage of price, which means that the actual tax burden is visible at each stage in the production and distribution chain. It is collected fractionally, via a system of deductions whereby taxable persons (i.e. VAT-registered businesses) can deduct from their VAT liability the amount of tax they have paid to other taxable persons on purchases for their business activities. This mechanism ensures that the tax is neutral regardless of how many transactions are involved.

For more information About VAT Issues such as European Value Added Tax and the Internet and the EU VAT Directive, please contact one of our In House experts listed below or follow the following:

HARIHAR UPADHYAYA
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0616
Email: upadhyaya@4business.com

OVERVIEW

OCRA Worldwide is located in the world's key fiscal centres with a global team of over 350 legal, accounting and commerce specialists who are fully conversant with international business and tax treaties. As a result, OCRA (London) Limited is best positioned to offer our clients the advantage of our local knowledge and expertise from a global perspective.

We assist clients with the set-up process to establish the correct company and can provide a full management service to meet the statutory requirements of the structure. We also undertake the administration of the structure on an ongoing basis.

Our end-to-end service is designed to ensure a robust and comprehensive solution to meet your international tax planning requirements. Our services include:

  • Advice on the selection, establishment and maintenance of company, both 'offshore' and onshore.
  • Advice to clients seeking to establish or restructure international or offshore operation
  • Advise on market entry into China, Asia and Europe
  • Advice on matters relating to out-sourcing and procurement in China
  • Corporate structuring, financial engineering and tax and VAT planning
  • Assistance with the implementation of trading, investment and other structures
  • Advice on domestic and overseas property ownership
  • Contractual matters, billing and other day-to-day affairs of corporate structures
  • Advice on utilising structures domiciled in high tax areas for international tax planning
  • Advice and implementation of business start-ups
  • Advice and implementation of cubicle/physical presence operations
  • Expertise in utilising double tax treaties

We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation:

MICHAEL CLIFFORD
Main Line: 
Direct Line: 
Mobile: 
+44 0 20 7514 9997
+44 0 20 7317 0605
+44 0 77 6522 3353
Email: mclifford@ocra.com

OFFSHORE & INTERNATIONAL COMPANY SERVICES

As terms, the words offshore business and offshore company have no precise legal, tax or general business meaning, as the word offshore often means nothing more than anywhere other than the place of physical location of the person using the word (i.e. overseas).

We use the words offshore business and offshore company as terms of definition in connection with matters such as the structuring of international business and family wealth management or tax planning.

The principle uses of Offshore Companies are:

  • Trading
  • Investment
  • Holding
  • Financing
  • Professional services or consultancy
  • Patent, royalty and copyright holding
  • Ship management and yacht owning
  • Personal and corporate tax planning

OCRA (London) Limited, as a member of the OCRA Worldwide group (a leading global corporate and trust service provider) is in a unique position to provide clients with the breadth of experience, resources and technical skills to find creative solutions to complex problems.

We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation:

MICHAEL CLIFFORD
Main Line: 
Direct Line: 
Mobile: 
+44 0 20 7514 9997
+44 0 20 7317 0605
+44 0 77 6522 3353
Email: mclifford@ocra.com
FRANCO GJOLLESHI
Main Line: 
Direct Line: 
Mobile: 
+44 0 20 7317 0600
+44 0 20 7317 0613
+44 0 77 6693 5327
Email: fgjolleshi@ocra.com

OFFSHORE TRUST SERVICES

Our in-house experts advise clients on the provision of the best structure for wealth protection utilising the Isle of Man or other offshore jurisdictions.

Some advantages of an Isle of Man Trust include:

  • The Isle of Man Trust Deeds are not publicly registered
  • Wealth protection
  • Tail order to specific family requirements
  • Recognised in all common law jurisdictions
  • Increasing recognition in important civil law jurisdictions
  • An important tool in international income, capital gains and stock options schemes, insurance plans and special financing arrangements.

We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation:

MICHAEL CLIFFORD
Main Line: 
Direct Line: 
Mobile: 
+44 0 20 7514 9997
+44 0 20 7317 0605
+44 0 77 6522 3353
Email: mclifford@ocra.com
FRANCO GJOLLESHI
Main Line: 
Direct Line: 
Mobile: 
+44 0 20 7317 0600
+44 0 20 7317 0613
+44 0 77 6693 5327
Email: fgjolleshi@ocra.com

OFFSHORE FOUNDATION SERVICES

The introduction of the Isle of Man Foundation Act in 2012 has provided the Isle of Man with a vehicle that has the ability to manage its own assets in its own name and arrange for its own funding.

Our in-house experts can advise clients on the selection of the best Isle of Man vehicle for wealth protection or the use of foundation services from other offshore jurisdictions.

Advantages of an Isle of Man Foundation:

  • Excludes forced heirship
  • The Foundation Instrument will be recorded in the public records
  • Separate legal personality
  • Limited liability
  • Can arrange for its own funding
  • Beneficiaries can be named on establishment or at a later date
  • No initial property is required for establishment
  • The founder can be a "beneficiary" or an "enforcer" of the foundation

We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation:

MICHAEL CLIFFORD
Main Line: 
Direct Line: 
Mobile: 
+44 0 20 7514 9997
+44 0 20 7317 0605
+44 0 77 6522 3353
Email: mclifford@ocra.com
FRANCO GJOLLESHI
Main Line: 
Direct Line: 
Mobile: 
+44 0 20 7317 0600
+44 0 20 7317 0613
+44 0 77 6693 5327
Email: fgjolleshi@ocra.com

OFFSHORE INTELLECTUAL PROPERTY SERVICES (TRADEMARK, PATENT AND ROYALTY WORK)

There are many benefits to be derived from Offshore owning Intellectual Property through a trust, foundation or a basic company.

OCRA (London) Limited, in conjunction with specialist law firms, can arrange for patents, trademarks and copyright to be registered offshore.

We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now:

MICHAEL CLIFFORD
Main Line: 
Direct Line: 
Mobile: 
+44 0 20 7514 9997
+44 0 20 7317 0605
+44 0 77 6522 3353
Email: mclifford@ocra.com

TRANSFER OF MANAGEMENT TO OCRA WORLDWIDE

With a network of 20 offices around the world, we provide you with the security of having your offshore company structured and maintained in accordance with legislation and regulation.

Where managed by law all our offices are licensed as Corporate Service Providers (CSP) or as Trust Service Providers (TSP). In other jurisdictions we work to the same internationally acknowledged standards within the framework of local laws and our Compliance and Procedures Manual. This is further re-enforced by the Group's Global ISO 9001:2000 Certification.

For individual and or dorporate clients who are either dissatisfied with their current administrators, or for clients who wish to consolidate their corporate activities our experienced Corporate Service Managers can arrange for the administration to be transferred to OCRA (London) Limited, at no initial cost to the client.

Please contact one of our consultants below for a confidential discussion on the services OCRA (London) Limited can offer in connection with the improved management of your existing company.

RELATED RESOURCES
Information Downloads & Order Forms

Transfer Admin Services Order

FRANCO GJOLLESHI
Main Line: 
Direct Line: 
Mobile: 
+44 0 20 7317 0600
+44 0 20 7317 0613
+44 0 77 6693 5327
Email: fgjolleshi@ocra.com

WEBSITE SOLUTIONS & E-COMMERCE

Biz on the Net is one of our in-house support companies that provides our clients with a one stop source for all of your internet, website, eCommerce and internet marketing needs.

From outstanding website design, through to email solutions, database creation, pay per click advertising and all aspects of internet marketing. Biz On The Net will provide you with the internet presence that you need to thrive in a competitive marketplace.

The Biz On The Net team contains an unsurpassed combination of experience and expertise. They deliver fast, cost effective solutions and understanding and meeting your needs is their top priority.

Here are some of the ways that Biz On The Net can help you:

WEB DESIGN

Your website is your public image to the world. In just a few seconds, visitors will form impressions of you, your business and whether they want to begin a relationship with you.

It is therefore essential that your website is professionally designed by a team that understands what works - and what doesn't. Biz On The Net will provide you with a website that truly reflects you and your business, and they'll do it at a cost effective price.

INTERNET MARKETING / PAY PER CLICK ADVERTISING

Biz On The Net will advise you on the best way to take advantage of the incredible opportunities offered by internet marketing. In addition, they can set up and manage your pay per click advertising campaign.

Pay per click has emerged as one of the most effective ways of reaching new prospects, rapidly and cost effectively. Biz On The Net has the expertise to ensure that your pay per click campaign brings you the maximum results for minimum cost.

WEBSITE DEVELOPMENT SOLUTIONS

From databases and content management systems to e-commerce, we've got the expertise to build websites that offer detailed, dynamic content and online purchasing.

FRONT-END DEVELOPMENT

Internet users that visit your website come away with an overall ‘feeling’ – the result of specific factors that relate to the look and feel, and overall structure of your site and its pages. The ability to combine a thorough understanding of these factors with database integration is the cornerstone of the modern business site’s success, and a skill that our team has mastered.

BACK-END SOLUTIONS

With a high calibre of professional web programmers, R&D Programmers, and Graphic Designers, our team has the answer to your business requirements, offering custom, advance technology and development in areas including Cold Fusion, ASP.Net, HTML, DHTML, XHTML, CSS, VB.net, PHP, Java, JavaScript, Ajax, Macromedia Flash and SQL.

PROGRAMMING

Our custom computer programming specialists offer complete application analysis, design and production at affordable rates. We focus on getting your critical business application written and operational in the shortest time possible, and offer unique insights into accounting, invoicing, billing, and engineering systems, among others.

We would welcome the opportunity to assist you with more information on the services Biz On The Net can offer. Call us direct on +44 0 20 7317 0600 or visit our dedicated website www.bizonthenet.co.uk

KEEVIN LUTCHUMUN - Director
Biz on the Net
Main Line: 
Direct Line: 
+44 0 20 7317 0640
+44 0 20 7317 0617
Email: lutchumun@4business.com

INTRODUCTION

The objective of this section of our website is to advise potential clients of the "basics" and to provide answers to the more common questions relating to offshore banks and establishing and administering an offshore bank account.

Most importantly, OCRA Worldwide is not an offshore bank, we are an international and offshore corporate and trust services provider. However, a significant percentage of the companies and trusts we administer establish accounts with international and offshore banks rather than domestic banks because often their characteristics include:

  • Familiarity with offshore and international business
  • Worldwide investment and business perspective
  • Tax-efficiency
  • Confidentiality
  • Lack of foreign exchange controls
  • Access to special investment opportunities

We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation:

SUSANA RAMAS
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0604
Email: ramas@ocra.com
YVETTE MOONEY
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0603
Email: ymooney@ocra.com

SELECTING AN OFFSHORE BANK

Introduction
Safety. Will my money be safe with an offshore bank?
Private Banking Clients
Expatriate Clients
International Commercial Activities
Matching Clients to Banks
Bank Charges and Interest Rates
Our Recommendations. The banks we work with

Introduction

For over 35 years OCRA Worldwide has been assisting clients to establish and administer offshore and international bank accounts and has developed useful expertise in identifying and working with suitable offshore banks and international banks. By the very nature of our business we are exposed to a wide range of offshore banks and international banking activities and we aim to learn from these experiences.

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SAFETY. WILL MY MONEY BE SAFE IN AN OFFSHORE BANK?

The factors to consider include:

  • The political and economic stability of the jurisdiction(s) in which a bank is head-quartered, located and regulated
  • Reputation and substance - Standard & Poor's, Moody's and Fitch rating reports are useful
  • Quality of regulation and access to deposit and investor protection and insurance schemes
  • Parent company or similarly guarantees
  • The business focus of the bank

In general the banks we work with seek to provide services to some or all of these types of clients:

  • Private banking clients.
  • Expatriates.
  • International commercial activities, such as trading.

These services are provided from both offshore banking and international locations.

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PRIVATE BANKING CLIENTS

Although private banking is not a simple business, there is a very simple business model to keep in mind: "keeping rich people happy". The definition of "private banking" varies from bank to bank but is generally taken to mean investment management offered on a personalised basis by a bank to an individual with disposable wealth of more than $100,000 (although some banks do not offer private banking services to clients with disposable wealth less than US$ 500,000 or US$ 1 million). Private banking is obviously not synonymous with "offshore", but the costs of a personalised relationship begin to be worthwhile at the $100,000 + level in the light of the superior gains to be realised from offshore investment. Private bankers probably prefer themselves to be approached and considered as objective financial advisers rather than as an investment-provider, and consequently private banks may not be the most effective choice for a reasonably sophisticated investor who wants to play an active role in the management of his investments.

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EXPATRIATES CLIENT

Numerous offshore banks have sought to specialise in the provision of banking services to expatriates as they perceive such business as being relatively risk free, easy to "systemise" and profitable. In essence, expatriate services encompass managing accounts for people resident outside their home countries who may or may not be employed. The focus of expatriate banking providers is online banking, call-centres, relatively low levels of expertise and the provision of "packaged" investment and protection products, such as life insurance. Whilst the service offered should be professional and "smooth", the relationship between an expatriate client and his expatriate banking provider could not be characterised as personal or in any way similar to the relationship between a client and a top-flight private bank

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INTERNATIONAL COMMERCIAL ACTIVITIES

Many of our clients utilise the companies we administer for commercial purposes, such as trading. In such circumstances an offshore bank that specialises in private banking or expatriates will be unsuitable. Our commercial clients seek similar services to an onshore commercial bank and will require access to some or all of the following services:

  • Cash management
  • Foreign exchange and treasury services
  • International trade - letters of credit, documentary collections, cross-border guarantees and global banking services at locations around the world
  • Risk management: foreign exchange, interest rate, equity and energy price risk management tools
  • Financing
  • Payment, receivables and payroll solutions
  • Selling solutions: point of sale, e-commerce and merchant programmes
  • Speciality solutions, such as dealer, shareowner and fund services
  • Expertise in matters such as energy, aviation, shipping or real estate
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MATCHING CLIENTS WITH BANKS

We know that once we understand our clients and their business objectives we will be able to assist our clients in identifying a suitable bank to work with. Some of the aspects we consider are:

  • The nationality, residence and domicile of our client. Banks often have policies that deny, restrict or place conditions upon certain classes of clients from having access to their services, and these policies change from time-to-time.
  • The proposed activities of the client company or trust that we administer.
  • Opening deposits and minimum balance requirements - these can be surprisingly large.
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BANK CHARGES AND INTEREST RATES

The availbility or otherwise of online bank statements and reports. We have considerable expertise in assisting clients to establish relationships with reputable offshore banking institutions as well as a wide range of international banks.

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OUR RECOMMENDATIONS. THE BANKS WE WORK WITH

Over the last 35 years we've developed close working relationships with many international banks. In selecting a bank, clients should consider service, credit worthiness, reliability and competence.

All of these banks provide the high-quality service that our clients expect:

  • ABC Banking Corp- Mauritius
  • Baltikums Bank JSC-Latvia
  • Barclays Bank Plc - London
  • Belize Bank International- Belize
  • BOSLIL Bank- St Lucia
  • CIM Bank -Switzerland
  • DWCB Comoros Islands Bank
  • Eurobank -Cyprus
  • Euro Pacific Bank Ltd - St. Vincent and the Grenadines
  • First Caribbean Bank- BVI
  • HSBC - Hong Kong
  • OCBC Enterprise Banking-Singapore
  • Versobank
  • VP Bank- BVI
  • RCB Bank -Cyprus
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We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation:

SUSANA RAMAS
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0604
Email: ramas@ocra.com
YVETTE MOONEY
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0603
Email: ymooney@ocra.com

Account Opening Procedures

Introduction
Offshore Bank Account Maintenance
Why we control our client company and trust bank accounts

INTRODUCTION

All the offshore and international banks we work with regard the prevention of money laundering and terrorist financing to be of the utmost importance, so do we.

OCRA Worldwide does not seek to work with offshore banks which have low standards of compliance as, apart from our own desire to only work with reputable partners, the culture and business ethos of such offshore banks must not be flawed.

Consequently the offshore and international banks we work with will seek to:

  • Obtain evidence of our clients' identities
  • Develop a documented understanding of our client's banking and business activities
  • Identify the source of funds paid into accounts to ensure that such funds are not derived from criminal activity and to document evidence relating to source of funds
  • Monitor banking transactions to identify and forestall money laundering
  • Risk assess each and every client

This means that offshore account opening procedures can be onerous and time consuming.

Typically offshore banks will require some or all of the following information to open and operate an offshore account for a simple offshore company which is owned by individuals (rather than a corporation, trust or other form of entity):

  • Certified proof of identity of owners, directors, account signatories and all parties connected with the offshore company.
  • Acceptable proof of identity would normally include a passport copy certified in a prescribed manner by an officer of the bank, a notary or an authorised OCRA Worldwide Manager.
  • Proof of residence of all parties associated with the offshore company. Acceptable proof of residence would typically include an original bank statement or credit card statement.
  • The provision of a curriculum vitae.
  • The provision of bank or professional references.
  • Information relating to the expected annual income or asset base of the offshore company, the number of transactions per month, the geographic spread of the proposed business and the amount of money that will be left on deposit at the bank.
  • A detailed description of the proposed business activity, often supported by documentation such as brochures, copies of contracts, audited accounts, business plans and details of trading partners or investments.
  • Documented evidence relating to source of funds, e.g. if a million dollars is to be paid into an offshore company's account, the bank will seek to obtain documentary evidence relating to the source of such funds in the form of a bank statement, contract or similar.
  • An initial meeting with potential bankers possibly with an OCRA Worldwide Manager.
  • Some banks require clients to visit them on an annual basis.

In addition, enhanced due diligence will be undertaken if the affairs of the offshore company are complex or if it, or any party connected to it, is associated with what banks or regulators perceive to be high-risk. For example, stringent enhanced due diligence is typically applied to business emanating from countries which were former members of COMECON, counties classified as "non co-operative" by the Financial Action Task Force, or countries associated with the production and distribution of illegal drugs or infamous for corruption.

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OFFSHORE BANK ACCOUNT MAINTENANCE

Once an offshore account is opened it is important to keep the offshore bank briefed and current with the affairs of a client company or trust. Banks do not react well to unexplained account activity, so if a company's trading pattern is set to change or a large or unusual transaction is about to occur it always wise to pre-warn the bank and provide documentation such that the bank can understand and maintain evidence of the wholesomeness and reason for the proposed transaction.

Maintaining an efficient relationship with a bank is a two-way process.

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WHY WE CONTROL OUR COMPANY AND TRUST BANK ACCOUNTS

When OCRA Worldwide provides Directors, Managers and officers to a client company or when OCRA Worldwide provides trustee services, its officers must control any underlying bank accounts.

Why?

There are various legislative and regulatory requirements and precedents relating to the duties of directors and trustees relating to their obligations to exercise effective management and control over a company's or trust's assets and affairs. Put more simply, would any reasonable businessperson, aware of the duties and liabilities of directors or trustees, be prepared to act as a director of a company or act as a trustee, if they did not control the company's or trust's bank account?

If our clients were to exercise control over bank accounts it could be perceived that they are controlling the affairs of the company or trust even though they may not be officers or trustees. Statutory authorities in high tax and other areas often seek to apply "the management and control test" to assess whether the profits/income earned by an entity controlled in a low tax area should be taxed as if they were resident in the high tax area.

There is an inherent possibility that if we allowed clients to control bank accounts, then a regulatory authority may deem that our clients are effectively managing and controlling the company or trust in their countries of residence or more radically may seek to pierce the corporate veil or judge a trust to be a "sham".

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We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation:

SUSANA RAMAS
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0604
Email: ramas@ocra.com
YVETTE MOONEY
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0603
Email: ymooney@ocra.com

CREDIT & DEBIT CARD SERVICES

Most banks offer a comprehensive range of credit and debit card services for either personal or corporate accounts. In many cases, the currency of the card is dependent upon the country in which the bank operates. Many banks have introduced US Dollar and Euro cards to cater for the international market.

In most cases, clients who require credit cards may select their own credit limit by establishing a blocked security deposit, equivalent to 2-4 times the credit limit required. OCRA Worldwide can assist in the application and the subsequent statement administration.

We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation:

SUSANA RAMAS
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0604
Email: ramas@ocra.com
YVETTE MOONEY
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0603
Email: ymooney@ocra.com

HOW TO PROCEED

OCRA LONDON has specialist expertise and knowledge of the ever varying account opening and maintenance requirements of a wide variety of reputable international and offshore banks.

Potential clients must understand that opening an offshore bank account is not a simple matter and can be time consuming. Some offshore and international banks may take longer than one month to open an offshore bank account from receipt of a completed bank account opening package. Consequently potential clients are encouraged to ensure that they provide us with a complete picture of themselves and their intended business activity. Contact us now for a Free Initial Consultation.

We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation:

SUSANA RAMAS
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0604
Email: ramas@ocra.com
YVETTE MOONEY
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0603
Email: ymooney@ocra.com

JURISDICTIONS

OCRA LONDON are experts in advising clients on the selection of the best offshore company or onshore company jurisdiction for their offshore or international business.

The information provided below will introduce you to both offshore company and onshore company jurisdictions

We would welcome the opportunity to assist you with more information. Call us direct +44 0 20 7317 0600 or make contact now for a free explanatory discussion without obligation:

SUSANA RAMAS
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0604
Email: ramas@ocra.com
YVETTE MOONEY
Main Line: 
Direct Line: 
+44 0 20 7317 0600
+44 0 20 7317 0603
Email: ymooney@ocra.com

BROCHURES & DOWNLOADS

Download the following PDF documents for reference:

UK INFORMATION DOWNLOADS

Doing Business in the United Kingdom United Kingdom LLP Information
United Kingdom Private Limited Information
United Kingdom Public Limited Information
Visit our Offshore Knowledge Base on ocra.com for information on over 90 other key jurisdictions

BROCHURE DOWNLOADS

OCRA WORLDWIDE BROCHURE
DOWNLOAD
OCRA AVIATION BROCHURE
DOWNLOAD
OCRA MARINE BROCHURE
DOWNLOAD

WATCH OUR VIDEOS

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NOT SURE WHAT YOU NEED?

Email us your requirements and receive a Free Explanation or call +44 0 20 7317 0600.

One of our consultants will contact you directly to assist you with your requirements.

Please Note:
Completed Questionnaires and Order Forms should be sent to enquiry@ocra.co.uk

NEW CLIENTS

Download the relevant questionnaire below if this is the first time you are applying for our services:

Offshore Company Questionnaire UK Company Questionnaire

EXISTING CLIENTS

Download the relevant Order Form below if you are an existing client with a repeat order, an intermediary, or if you have a detailed understanding of your requirements.

Offshore Company Order Form United Kingdom Private Limited Company Order Form United Kingdom Public Limited Company Order Form United Kingdom Limited Liability Partnership Order Form
View a List of Available Shelf Companies Here
View Order Forms for other Jurisdictions Here

SUBMIT AN ENQUIRY

OCRA Worldwide has established over 200,000 companies and trusts onshore and offshore worldwide. Our policy is clear. All queries are taken seriously and you would be answered individually by an experienced client services director in STRICT professional confidence.
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CONTACT US

OCRA (London) Limited
3rd Floor
14 Hanover Street
Mayfair
W1S 1YH
London
United Kingdom

T: +44 0 20 7317 0600
F: +44 0 20 7317 0610
E: enquiry@ocra.co.uk

Languages Spoken: English, Albanian, French, Italian, Portuguese, Polish, Russian and Spanish

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Disclaimer: Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. OCRA Worldwide does not accept any responsibility, legal or otherwise, for any errors or omission.