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Copyright © SIA MEB, 2008 Разработано: majaslapa.lv Izstrādāja: majaslapa.lv web lapu izstrāde un magento outsourcing >
An offshore company is an effective tool how to reduce investors’ tax burden, protect their assets from lawsuits, and protect their confidentiality. For the highest level of confidentiality, most investors select to order nominee services. To make incorporation more time-saving and convenient, it is possible to select from a number of shelf companies. Incorporating in an offshore financial centre and moving money offshore is an effective tool to reduce the risk of litigation, tax law changes unfavorable to the business, and criminal activities in the home country. Also, most investors going offshore come to the decision that their funds should work for them in some kind of investment. The most important drawback of incorporating offshore is negative perception of the offshore concept, because of the media reporting bad cases only. Offshore company owner may achieve anonymity by carrying out transactions in the name of a company, while his name may be kept out of documents and public records. However, knowing that, current anti-money laundering regulations often require banks and other professionals to look through offshore structures. The Belize IBC enjoys total exemption from all forms of taxation in Belize and it can freely open and maintain the offshore account. Offshore corporations may be registered in a jurisdiction, with which they have no or minimal business contacts, in order to minimize taxes and liabilities. The best tax minimisation result may be achieved when one or more offshore corporations and trusts are used in conjunction with, or as part, of an international tax plan. According to the new BVI Business Companies Act, Registered Agent is required for all British Virgin Islands companies, regardless of company type and sphere of business operations. The requirement equally refers to onshore and offshore companies.
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