Search "offshore taxes"

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 »

Panama

Panama - Offshore company - Overview Panama occupies an area that connects north and South America, being bordered on all forth sides by Costa Rica, Colombia, Caribbean Sea and Pacific Ocean. Panama jurisdiction has become one of the most important tax havens of the Western Hemisphere, due to its structure, geographical position, political stability and economical characteristics. The country has taken very important steps for economy modernization and promotion of foreign investments, becoming equally well known as a favorable and stable international offshore financial center, with hundreds of offshore banks, and thriving business of offshore incorporations. Most Panamanian and foreign investors choose to form Corporations. The country does not impose any restrictions on incoming and out coming monetary transfers, no exchange controls, currency limitations and reporting requirements. ... Read More »