Saturday, February 17, 2007
Offshore Company Formation Benefits
Offshore FAQ
1. What term "offshore" means? A legal entity that has it's business set in country with advantages of low taxation and stable government currency control. These countries are often called as "Tax Haven".
2. What is LLC?The LLC is not a partnership or a corporation. It is a distinct business entity that offers an alternative to partnerships and corporations by combining the corporate advantages of limited liability with the partnership advantage of pass-through taxation.
3. What is IBC?International Business Company(IBC) - is one of the of the terms in the offshore industry. Basically it's main features are:
Easy and not complicated procedure of registration
Minimum requirements for company report
Low or zero taxation
High level of confidentiality
4. What is the definition of "Tax Haven"? A Working definition of tax haven is a jurisdiction that has no or at best, low, direct and indirect tax rates compared with the other jurisdictions. To complicate matters furthe, some high tax countries may offer similar advantages to classical tax havens for certain types of business. Presently there are more than 40 locations worldwide offering great benefits for offshore companies as tax havens.
5. What are the main advantages of offshore company?
Reduce of taxes from payments under dividends and interests.
Protection against lawsuit judgments.
Avoidance of double taxation
Informational confidentiality of your business activities.
Low operation costs
Unlimited Market Opportunities
Flexibility and easy way of company establishment
6. Who uses offshore?All those who are interested in minimization of costs are often express interest to use of the offshore entities:
High net wealth individuals: International Investors, Entrepreneurs, Property Owners
TNCs: Financial institutions and Financial institutions
The Offshore Sovereign States
7. Isn’t ‘going offshore’ only for the rich? This might have been so a long time ago. However, in this modern age with the high quality of services available, offshore is now a relatively simple and affordable procedure for almost anyone. Once having moved all or part of your business offshore, the savings made by the low-tax or tax-free status opens up a whole new world of investment and business opportunities.
1. What term "offshore" means? A legal entity that has it's business set in country with advantages of low taxation and stable government currency control. These countries are often called as "Tax Haven".
2. What is LLC?The LLC is not a partnership or a corporation. It is a distinct business entity that offers an alternative to partnerships and corporations by combining the corporate advantages of limited liability with the partnership advantage of pass-through taxation.
3. What is IBC?International Business Company(IBC) - is one of the of the terms in the offshore industry. Basically it's main features are:
Easy and not complicated procedure of registration
Minimum requirements for company report
Low or zero taxation
High level of confidentiality
4. What is the definition of "Tax Haven"? A Working definition of tax haven is a jurisdiction that has no or at best, low, direct and indirect tax rates compared with the other jurisdictions. To complicate matters furthe, some high tax countries may offer similar advantages to classical tax havens for certain types of business. Presently there are more than 40 locations worldwide offering great benefits for offshore companies as tax havens.
5. What are the main advantages of offshore company?
Reduce of taxes from payments under dividends and interests.
Protection against lawsuit judgments.
Avoidance of double taxation
Informational confidentiality of your business activities.
Low operation costs
Unlimited Market Opportunities
Flexibility and easy way of company establishment
6. Who uses offshore?All those who are interested in minimization of costs are often express interest to use of the offshore entities:
High net wealth individuals: International Investors, Entrepreneurs, Property Owners
TNCs: Financial institutions and Financial institutions
The Offshore Sovereign States
7. Isn’t ‘going offshore’ only for the rich? This might have been so a long time ago. However, in this modern age with the high quality of services available, offshore is now a relatively simple and affordable procedure for almost anyone. Once having moved all or part of your business offshore, the savings made by the low-tax or tax-free status opens up a whole new world of investment and business opportunities.
Subscribe to:
Posts (Atom)