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Copyright © SIA MEB, 2008 Izstrādāja: majaslapa.lv web lapu izstrāde un magento outsourcing >
The purposes of establishing offshore corporation are the access to foreign investments, financial investment diversification, tax planning, wider opportunities for global trade. To establish an offshore company, you need to find a consultant or a company which provides offshore company registration services. BVI offshore International Business Company is a private corporation exempt from taxes, having flexible structure and maintaining strict confidentiality, not burdened by excessive reporting and record-keeping requirements. BVI company law provides minimum obligation to file any returns or reports. BVI IBC's are not obliged to prepare or file financial accounts, annual returns or records. However, the company must keep whatever financial records the company Directors feel enough to show and clarify the transactions carried out, and to determine the financial position of the offshore company. Besides tax, there are other benefits of offshore company formation, including anonymity, asset protection, possibilities of foreign property holding, limited liability in business transactions, unrestricted flow of capital and transfer of assets. Some offshore corporations however are limited in their activities due to restrictions that are placed on them by the jurisdictions. Trade benefits available to some companies may be closed to those incorporated in the finance centres due to their offshore location.
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