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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 »

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 »

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 »

Seychelles

Seychelles - Offshore company - Overview Seychelles is a group of islands in the Indian Ocean, between the east coast of Africa and India. Most of you know Seychelles jurisdiction because of its natural beauty and the fantastic tourist destination it is. Seychelles is an independent Republic and one of the most progressive offshore centers in the world with competitive legislation, which makes incorporation relatively simple, whilst ensuring investor confidence and privacy. Seychelles has double tax treaties with Indonesia, Barbados, China, Oman, Qatar, UAE, Vietnam, South Africa, Zimbabwe, Malaysia, Botswana, Thailand, Mauritius and Cyprus making all jurisdictions of choice traders. The governing legislation for the formation of the versatile and most widely sought type of offshore company is Seychelles International Business Companies Act 1994. More recent legislation ... Read More »

United Kingdom

United Kingdom - Offshore company - Overview The United Kingdom of Great Britain lies on British Isles off the Western Coast of Europe and is surrounded by the Atlantic Ocean, Irish Sea, Northern Sea and English Channel. It's one of the several economic "superpowers" of the world and known as a country leader. The country is considered an offshore financial center in terms of offshore business operations. Having the mildest tax climate in the European Union is often used as the base multinational corporations operate from in other EU countries. Principal and Corporate Legislation for LLP are Limited Liability Partnership Act 2000 and The Income and Corporate Taxes Act 1988 (as amended). This country has the biggest number of concluded Double Taxation Treaties and it provides excellent opportunities ... Read More »