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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 »

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 »

IBC case study

SITUATION:Mr. Sergei is a Russian citizen with residency in UAE and is a highly paid technical independent consultant in petroleum industry who works with companies from Russia and Middle East. THE PROBLEM:Mr. Sergei is interested to invest his incomes on the UK real estate market and in the same time to find an efficient invoice solution for the clients in the Middle East. THE SOLUTION: Dema Partners LTD incorporates an offshore company IBC in the BVI for Mr. Sergei and organizes banking facilities with a prominent world bank in London. The BVI has an established financial industry. Mr. Sergei is appointed as the sole Director and Shareholder of the Offshore Company and arranges finance with our assistance, through the bank for the properties purchase. Thru this offshore ... Read More »