Does my offshore company have to pay taxes or do accounting?

Almost all jurisdictions do not require accounting or auditing. We also offer CPA and accounting services for every jurisdiction under our control.

However, in some jurisdictions, such as Hong Kong, Singapore, and the United Kingdom, it is actually mandatory for companies to produce annual financial statements and have them audited, and in some cases, to pay taxes (see our jurisdiction comparison table). In the US, accounting is required purely as a bureaucratic matter, but taxes are zero. While a company may not be subject to tax reporting to local authorities, you should consult your tax, legal, or accounting advisor to determine whether you or your business have reporting obligations in other jurisdictions, including the jurisdiction in which you are a tax resident.

NB: Under the FATCA or CRS regimes , most offshore jurisdictions may report information about their offshore companies (and the company's bank accounts) to the relevant tax authorities in their home country. FAQ