What Is An Offshore Company?
An offshore company excludes conduct of business in its country of incorporation, therefore the company is free of its home government interference and it can be incorporated to enjoy low tax rates. Other than that, it is called an offshore IBC (international business company) or non-resident company. An IBC is frequently used in international trade; provision of services; as a holding or the making of investments; for ownership of real estate; for ownership of intellectual property, licensing and franchising.
Benefit of offshore
Benefit of offshore your business
Business may be structured so that profits are realized in ways that minimize the overall tax liability. Offshore company can be established in low or no tax jurisdictions.
|Tax Saving||Business may be structured so that profits are realised in ways that minimize the overall tax liability. Offshore company can be established in low or no tax jurisdictions.|
|Simpler Business Administration||Except for regulated businesses, such as bank or other financial institutions, most offshore company jurisdictions make them relatively simple to set up and maintain companies.|
|Asset Protection||In some jurisdictions, it is possible for assets to be held through an offshore company without disclosure of ultimate beneficial ownership. It is possible to organize assets and transactions in such a way that assets are shielded from future liabilities.|
|Easy and Simple Reporting||The level of information required by the registrar of companies varies from jurisdiction to jurisdiction. Generally, the offshore company information required is very minimal for most jurisdictions|
|Privacy / Anonymity||By carrying out transactions in the name of a private company, the name of the underlying principal may be kept out of documentation.|
|Less Stringent Regulation||An offshore company is usually governed under less stringent regulations for governance, such as rules on meeting, financial disclosures, etc.|
|Global Investing Opportunities||Investors find it convenient to have a tax efficient offshore company from which to make their investments on a regional or global basis.|