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First of all it is very important to give a definition of what is an offshore company. “Offshore company is a company that it is incorporated or registered in an offshore jurisdiction (meaning oustding the country of residence of the beneficial owner).”
Offshore companies are heavily used by all kind of individuals in the modern world since they are considered to be the ideal business structure in order to save taxes and at the same time to achieve anonymity and privacy protection.
Incorporation of an offshore company is a simple Custom AC Milan Jerseys , easy and quick procedure. An offshore company can be formed or incorporated in a single day without the need to visit the offshore jurisdiction. Everything can be made online and the incorporation documents will be sent to you by courrier.
Every offshore company enjoys a tax free status meaning that you are not liable to pay any tax on your income. This gives the opportunity to the shareholders of these offshore companies to avoid the high rates of tax they pay in their country of residence. This is maybe the most important reason why offshore companies are so commonly used in the modern world these days.
Another significant factor is the fact that with the incorporation of an offshore company is the ideal solution for asset protection. The privacy legislation in the majority of these offshore jurisdictions is very strong and as a result it is not possible for third parties to gain access about offshore companies, accounts and assets.
Finally we should also mentione to reduced costs of mainting and operating an offshore company. Offshore companies do not need to prepare audited accounts signed by an independed auditor as is required in all other countries. Also they do not need to submit their financial statements in the government and to disclose the details of the shareholders. The use of nominee services is also permitted in order to achieve anonimity at the highest level
To summarise please find below a summary of the tax and not tax advantages of incorporating an offshore company.
Tax free status. Incorporation of an offshore company results in zero tax irrespective of the income of the company. No taxation on any kind of income.
Best solution to ensure anonymity and confidentiality for shareholders and directors.
Reduced regulatory cost since no significant compliance requirements.
Ideal solution for asset protection.
No need to prepare audited financial statements, no need to have an accountant.
Incorporation of an offshore company is a simple procedure and in some jusridictions can be made online in a single day.
Incorporating an offshore company at the best possible price is a simple procedure through the use of Profbids. Profbids is the online professional servicesincorporation of companies marketplace where members can list their desired service (or company they wish to incorporate) Authentic AC Milan Jerseys , and receive competitive bids from service providers wishing to utilise excess capacities. Profbids operates in an auction format with no ongoing, monthly or upfront fees. The registration is free to anyone (client or a service provider). Carrie Richard
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