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Ireland is expanding its network of double tax treaties

Ireland is expanding its network of double tax treatiesEven if Ireland is not officially an offshore jurisdiction and the term of offshore company is not found in Irish legislation describing company forms, Ireland is renewed as one of the best countries in the world in which to incorporate a company. One of the most compelling reasons for this is the extensive list of tax treaties that Ireland has in place.Till now Ireland has signed comprehensive double taxation agreements with almost 68 countries, of which 64 are already in effect. The agreements cover direct taxes, which in the case of Ireland are income tax, corporation tax and capital gains tax.During the last period of time Ireland is underway to negotiate new agreements and to update the existing ... Read More »

The Ultimate Asset Protection Tool - The Belize Limited Liability Company (LLC)

Last year Belize introduced a new form of company - LLC. These types of companies are also progressive and intelligent, acting as an ideal tax planning and asset protection tool. The Belize LLC's are dictated by the operating agreement, first and foremost. According to the International Limited Liability Companies Act, 2011, a Limited Liability Company or an LLC is a hybrid between two familiar business structures, namely, a corporation and a partnership. An LLC combines the best of both worlds by offering the advantage of both a corporation and a partnership without the disadvantage of either form.An LLC, on the other hand, has distinct advantages over both corporation and a partnership in that it not only avoids multiple level of taxation, it also limits the ... Read More »

Switzerland

Taxation in Switzerland Switzerland is a federal republic and is officially known as the Swiss Confederation and is a landlocked country in Western Europe. The country borders with Germany, France, Italy, Austria and Liechtenstein. Switzerland has one of the highest levels of life quality of the world. It is divided in to 26 Cantons and every Canton and every community has a different taxation system. Many international organizations have established their representative offices in Switzerland, but the country has decided not to join the EU. The term of offshore company is not used in Swiss legislation or in a company description forms even if they offer tax-privileged treatment to that obtainable in offshore jurisdictions. Switzerland has a prosperous and stable modern economy with a per capita GDP approximately 10% ... Read More »

Singapore

Singapore - Offshore company - Overview The Republic of Singapore is an island state, located at the southern tip of Peninsular Malaysia. It is one of the smallest countries in the world and the smallest in Southeastern Asia. One of the original tiger economies, Singapore jurisdiction is now a major international financial and trading center for establishing an offshore bank or offshore companies that rivals Hong Kong as the world's biggest container port. Singapore jurisdiction has a reputation for being highly regulated, while in reality, it is a carefully administered jurisdiction. Singapore's economy has been ranked as one of the least corrupted of the world, one of the top financial centers with the most business-friendly environment. Singapore jurisdiction is a cosigner to a number of double tax ... Read More »

Hong Kong

Hong Kong - Offshore company  - Overview A Hong Kong offshore company is the perfect vehicle for conducting offshore banking activities, international trade, investment activities and for asset protection.Though Hong King does not have any specific laws that govern offshore company formation, it is one of the most popular offshore jurisdictions for setting up an offshore company. Hong Kong occupies the South cost of China; it outsides South China Sea to the West, East and South. Hong Kong is a word-class financial, trading and business center. Hong Kong is the ideal location for an Asian headquarters. Hong Kong's excellent reputation and supervision make it the best alternative for corporate structuring because Hong Kong does not have an ‘offshore' or ‘tax-paradise image'; it is universally deemed a ... Read More »