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Copyright © SIA MEB, 2008 Разработано: majaslapa.lv 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. 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. 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. British Virgin Islands Business Companies are usually incorporated using the English language. Provision exists for a translation of the name to be included in the Memorandum and Articles of Association. 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. Belize IBC is a completely tax-free corporation if it complies with a few simple rules, the main of which is not having operations within Belize. Belize offshore company is not subject to any kind of taxation on income or profits. There are no stamp duties or transferring shares for Belize incorporated companies.
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