offshore companies  
 

Reasons and Benefits for Going Offshore and Offshore Company Applications

“The reasons and benefits for going offshore are many"
 
offshore companies Types of Offshore Companies
offshore companies Reasons and benefits for going offshore and offshore company applications
 
The motivations for individuals and corporations to utilise offshore planning and offshore companies include the desire to:
  • Reduce tax
  • Protect assets
  • Manage risk
  • Maintain privacy
  • Avoid bureaucracy
  • Reduce costs
  • Enhance assets.

Going Offshore: Reasons


More broadly, the reasons for going offshore and utilising offshore companies for tax planning and offshore business include:
  • Free remittance of profits and capital
  • Access to top-rated debt history jurisdictions
  • Access to tax treaties
  • Security of property rights
  • Accessing low cost areas
  • Banking privacy
  • Availability of offshore experts
  • Access to foreign insurance and reinsurance
  • Enhanced privacy
  • Customs and duty exemptions
  • Exchange convertibility
  • Government cooperation
  • Fair treatment
  • Territorial taxation on foreign income
  • Fewer restrictions
  • Sanctity of contracts
  • Foreign investment inducements
  • Tested legal systems
  • Higher yields and returns
  • The availability of sophisticated banking facilities
  • Reduced taxation
  • The search for political stability

Offshore Companies Applications



The principal uses of offshore companies are:
  • Trading
  • Investment
  • Holding
  • Financing
  • Professional services or consultancy
  • Patent, royalty and copyright holding
  • Ship management and yacht owning
  • Personal and corporate tax planning

 

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