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Copyright © SIA MEB, 2008 Izstrādāja: majaslapa.lv web lapu izstrāde un magento outsourcing >
Offshore jurisdictions provide unique opportunities for tax reduction and business development. Among the benefits of offshore industry, which now covers about a half of the world’s financial transactions, there are minimum requirements, high level of privacy, tax exemption. Offshore business is based on the legislation of offshore financial centres providing for certain advantages including tax, confidentiality and company structure, which can be used by non-residents establishing offshore companies in these jurisdictions. One of the disadvantages of setting up an offshore company is that generally they can not carry on any business or have an office with staff employed within the jurisdiction of incorporation. There are certain restrictions on the types of business, mostly in the banking and insurance industries, that have the right to operate as an offshore company. Belize offshore companies are incorporated under the Belize IBC Act. Like all offshore companies of this kind, Belize IBC may not transact business with residents of the jurisdiction, and cannot undertake banking, insurance and trustee activities in Belize. Belize IBC may be involved into all forms of international business, not being subject to any tax or income derived from these activities.
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