Offshore Companies formation
Offshore companies are companies that are incorporated in a jurisdiction different from the one where it carries out its business activities or companies incorporated in offshore financial centres.
To register companies under the non-resident status the following conditions must be met:
- The company must be incorporated outside the jurisdiction in question.
- The company must not carry out trading activities within the jurisdiction in question.
- The company must meet nominal tax expenses in the jurisdiction in question.
Offshore companies enjoy the following benefits:
- Taxation: Authorities of most jurisdictions do not tax companies considered non-residents.
- Simplicity/Reporting: Some jurisdictions require simple procedures to set up and maintain companies and the reporting requirements are more flexible.
- Asset Protection: Strict provisions that allow courts to “pierce the corporate veil”. Laws of the jurisdiction where the company is chartered apply, rather than where the jurisdiction is sued.
- Fees: Incorporation fees vary from jurisdiction to jurisdiction. Some jurisdictions also have higher maintenance fees for the renewal of annual charters.
- Anonymity: Transactions that are carried out under the company name protects the identity of the underlying principal.
- Thin Capitalization: Thin capitalization rules are not applied to companies by some offshore jurisdictions.
- Financial Assistance: Offshore companies provide financial assistance to acquire their own shares.
- Cost of Operation: Companies in an offshore jurisdiction are less costly.
Uses of Offshore Companies:
- Privacy
- Tax Exemption
- Asset Protection
- Captive Insurance
- Yacht Registration
Singapore Offshore Companies- Singapore is an excellent gateway Asian markets and ultimate regional hub for your business. Resident and non-resident companies are taxed on income accruing in or derived from Singapore as well as on foreign income remitted into Singapore.
Hong Kong offshore companies. Hong Kong profits tax is only charged on profits earned from a trade, profession or business carried on in Hong Kong, company doing business outside Hong Kong is not required to pay tax in Hong Kong.
Belize International Business Companies. Offshore companies registered in Belize are tax free and there is no requirement for filing annual returns or audited statements.
Nevis Offshore Company. Form a Nevi soffshore company to safeguard your wealth.
Dominican Off-shore Companies. Forming an IBC in Dominica, is just like very other International Business Company has its Attributes, advantages and disadvantages. A number of offshore jurisdictions exist to serve the needs of individuals seeking to form a tax exempt company structure.
Panama Tax Exempt Company. We offer Panama offshore company formation (Panamanian offshore tax exempt company formation), some time referred as: PANAMA offshore company registration.
Seychelles Offshore Company. Seychelles is a new offshore jurisdiction offering the best in the current offshore legislation of the world. An IBC - offshore corporation in Seychelles offers a long list of advantages for company owners. Seychelles IBC is an offshore corporation in Seychelles, which is a new offshore jurisdiction offering the best in the current offshore legislation of the world. Seychelles offshore company provides a long list of advantages for seychelles offshore incorporation owners.
St. Vincent Off-shore Companies. A St. Vincent and Grenadines company is not liable to taxes. It is possible conducting business tax free for 25 years even if managing it from within SVG.
Costa Rica tax exempt offshore S.A.s. Costa Rica has territorial tax system. Costa Rican offshore companies have all business income which has a foreign source tax exempt.
If you have questions please contact us.