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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. 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 mēbeles in these jurisdictions. One of the disadvantages of setting up an furniture 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. 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. 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 Mēbeles 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. The function of the BVI Registered Agent is to Mēbeles for the client and to sign the formation documents on behalf of the client. This makes unnecessary for the actual owner of the company to travel to the British Virgin Islands in order to sign the offshore incorporation paperwork.
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