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Offshore bank accounts hold assets worth of over $ 21 trillion

Offshore company formation, offshore banking, legal and tax consultancy are the industries that grows on peoples and companies need to maximize profits by legally reducing the amount of taxes paid for their investments.Estimations shows that world's richest people and companies has transferred to offshore bank accounts and offshore companies in various tax heavens between $ 21 trillion and $ 32 trillion, an amount larger that the entire economy of USA. International offshore financial centers are the main beneficiary of these funds, offering in return to investors zero or low tax regime, asset protection, confidentiality and the safety of their funds.The analysis was made by James Henry, former chief economist at consultancy company McKinsey, a well known expert on tax heavens, by studying data from Bank of ... Read More »

Jurisdictions

Offshore Companies We offer offshore company formation in many premier offshore jurisdictions located all over the world. Your choices to incorporate an offshore company are extensive, and you can pick an offshore company from a jurisdiction that best suits your business and personal needs. You can incorporate offshore with either IBC (International Business Company), LTD (Limited) or LLC (Limited Liability Company), both types of offshore companies are easy to maintain, have limited administrative, accounting requirements and the incorporation process is fast.     We have experts to advise you on the selection of the best offshore company formation or onshore company jurisdiction for your offshore or international business.   We recommend following reputable offshore jurisdiction for offshore company formation where one can maximize on tax savings and protect their assets, according to your business profile and needs: Seychelles, Cyprus, Switzerland, Panama, British Virgin Islands, Delaware, ... Read More »

British Virgin Islands

BVI - Offshore company - Overview The economy of British Virgin Islands is one of the most prosperous and rapidly developing among other Caribbean economies. Offshore company legislation offering the possibility to incorporate in the country was adopted by the Government in 1985.The first International Business Companies Act was adopted in 1982 which enables for the establishment of tax exempted offshore companies having minimal compliance requirements and complete confidentiality of details. The British Virgin Islands have one of the most successful legislative systems supporting offshore activities. In 2005 a new BVI Business Companies Act came into force, which represents a further development in the already outstanding BVI offshore corporate legislation. The new Act removes any former distinction between a local company and an offshore company, promoting only ... Read More »