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Copyright © SIA MEB, 2008 Разработано: majaslapa.lv Izstrādāja: majaslapa.lv web lapu izstrāde un magento outsourcing >
Besides time- and cost-saving offshore incorporation, most offshore financial centres offer vast business support facilities, including well developed offshore banking sector, offshore infrastructure, modern business legislation providing for strict confidentiality, and highest telecommunication capabilities. The most important drawback of incorporating offshore is negative perception of the offshore concept, because of the media reporting bad cases only. Offshore business companies generally are tax-free companies which are not allowed to engage in business within the jurisdiction of their incorporation. They do not conduct any substantial activities in the offshore jurisdiction, and the purpose of their incorporation is to minimize taxes, liability, or regulations burden. A tax haven is an offshore jurisdiction where certain taxes are levied at very low rate or even at zero level. Belize is one of the most popular offshore tax havens. The main advantages of Belize offshore jurisdiction are the fastest offshore company registry which provides for time-saving incorporation of new company, reduced taxation only with few conditions, and no reporting requirements. Every offshore tax haven has its version of IBC legislation. Belize IBC is a perfect offshore vehicle for international financial business. 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 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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