1. ALWAYS EXCEEDING OUR CLIENTS’ EXCPECTATIONS
ALWAYS EXCEEDING OUR CLIENTS’ EXCPECTATIONS
TOP RANKED LAW FIRM

2. Off Shoring - what is it? - Call Centers. - Maintenance.
- Simply…..taking part of your business to another jurisdiction:
- Call Centers.
- Maintenance.
- Engineering.
- Corporate.
- For this workshop we will look at CORPORATE.

3. Off Shoring - Corporate
- Taking your holding or parent company to a jurisdiction outside of you home country.
Why would you do that:
Predictability of laws.
Tax efficiency.
Minority right protection.
Foreign investor friendly.
Specialized holding structures.

4. Off Shoring - Corporate
- So you have set up your company and then comes along an investor and says lets set up an off shore company. WHY?
- Protection of rights – drag and tag.
- Minority control – directors and veto rights.
- Foreign investor friendly - not knowing Egyptian laws.

5. Off Shoring - Where? Main offshore countries: British Virgin Islands.
Mauritius.
Caymans.
Delaware.
Gibraltar.
Ras El Khima.
Amsterdam.
Luxembourg.

6. Off Shoring - So which one?
This will depend on a number of variables:
Operations of the business – EU, USA, Middle East, Africa or Asia.
Market growth – where you heading? (EU, USA, Middle East, Africa or Asia).
Off shore specialization – Luxembourg for finance.
What is the preference of the investor? US investor, EU investor or ME investor.

7. Off Shoring - CONFUSED! Lets take a step back and recap:
Off shoring is taking part of your business or setting up a holding company in a different county.
We do this because some countries gives us better benefits for setting up a holding company.
We can chose from a lot of different countries.
We chose the country based on a number of variables.

8. Off Shoring - How do we set up an off shore company?
STEP 1: Chose your jurisdiction
Advantages:
BVI - Cheap, flexible, low maintenance, no accounting, 0% tax.
Mauritius - Egyptian embassy, flexible, low maintenance, min accounting, double tax treaty, 0% tax.
Delaware - Egyptian embassy, cheap, flexible, low maintenance, some accounting, access to market.
Gibraltar – access to market, 0% tax.
Disadvantages:
BVI - bank account, time difference, no Egyptian embassy.
Mauritius - can be costly, higher KYCs requirements, accounting requirements.
Delaware - can be costly depending on structure, US tax applicable, bank account.
Gibraltar – bank account, expensive, accounting requirements, no Egyptian embassy.

9. Off Shoring - How do we set up an off shore company?
STEP 2: Chose your agent

10. Off Shoring - How do we set up an off shore company?
Similar process but with slight variations:
Registered agent.
KYCs – needs to be notarized
Copy of passport
Utility bill as proof of address – not old than three months
Bank reference letter – temple provided CV
Bank statement - 6 months
Shareholder From.
Directors Form.
Source Of Wealth Form.
Business Plan.

12. Off Shoring - Next Step
Once the company has been set up the registered agent will provide you with the following:
Certificate of Incorporation.
Memorandum and Articles of Association.
Shareholders Register.
Directors Register.
Share Certificates.
Some jurisdictions/countries vary.

13. Off Shoring - Next Step II
We need to link them
Offshore buys Egyptian Company
Offshore Holding Company
Offshore Holding Company
Company
Company

14. Off Shoring - Next Step II
For the off-shore company to acquire your company the following documents need to be notarized and legalized at:
Your company’s embassy in that country, then
The Ministry of Foreign Affairs in your country.
Please take note – BVI – The Foreign and Common Wealth Office – London.
Documents:
Certificate of Incorporation.
Memorandum and Articles of Association.
Shareholders Register.
Directors Register.

15. Off Shoring - Tricks of the trade!
Jurisdiction:
Chose one you will use for market growth;
If you don’t need a bank account, it gives you more options;
Budget properly (don’t go cheap as you pay for what you get);
If investor is choosing, investor can pay for it!
Having an Egyptian embassy there lowers your costs and time;
Agents:
Chose a good agent;
Keep a good relationship with them;
You can change agents if needed;
Be the instructing party – you might fire your lawyer!
Company:
Pay your bills on time and avoid penalties;
Keep all your paper work in order and copies of everything;
Use your off shore company, don’t forget it!

16. Off Shoring - LETS TRY IT….
Company
LLC or JSC.
Activities
Tech?
Looking to expand where? US EU
ME and Africa.
What does the investor want?
English/Common law.
Bank account.
Tax efficient.
Low accounting.

17. Off Shoring - Q&A

18. Contact Us Levari Telephone: +2 010 1580 0009
Website: