| Why Choose An Offshore Company? |
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This is not intended as an exhaustive demonstration of offshore possibilities and we would always remind clients that the fax and other benefits which can be obtained by use of offshore entities usually depend upon the county of residence of the beneficial owner and its anti-avoidance legislation and regard has to be had, too, for the requirements of any other county with which the offshore entity might carry on its business.
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| Typical uses to which an Offshore Company might be put: |
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Trading Companies |
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An importing or exporting Company might establish itself in an offshore area. The offshore Company would take orders directly from the customer, but have the goods delivered directly to that customer from the manufacturer or place of pushups. The profits arising out of the dirrerence between purchase price and sales price would then be accumulated in either a tax free or low tax area.
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Property Owning Companies |
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There are often great advantages in using on offshore property holding Company ofr the purpose of holding on overseas property. Advantages of offshore property ownership include avoidance tax, avoidance of inheritance tax avoidance of capital gains tax ease of sale, which is achieved by transferring the share in the Company rather than transferring the property owned by the Company and reduction of property purchase costs to the onward purchasers.
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Professional Services |
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Individuals who receive substantial fees in respect of their professional services in capacities such as designers, consultants, authors or entertainers, may assign or contract with an Offshore Company may not have to pay tax on its profits which can be reinvested in a tax free climate to generate further income from the Offshore Company.
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Shipping Companies |
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The use of offshore shopping companies can eliminate direct or indirect taxation on shipping. Shipping companies may own or chater ships the profits from which activites can be accumulate tax free. Tax and legal requirements generally dictate that the Offshore Company owning a shipping vessel should be incorporated in the jurisdiction whose flag the ship flies.
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CHOOSE A TAX HEAVEN |
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