offshore business

An offshore company is an adaptable big business device and therefore may be incorporated into a wide assortment of asset protection and tax planning arrangements. Deferred or at least reduced tax liability and an increase in confidentiality are only two of the advantages that may be realized through the use of a properly designed offshore company. The practicality of an offshore approach is dependent upon the anti-evasion laws already in place in the country where the offshore company’s beneficial owner is currently a citizen, is residing or does some of their business. We therefore recommend, to all potential customers, that they should procure a qualified tax professional in your country of citizenship, residence or intended business operations.

Why Choose to Set Up an Offshore Company?

– Reduce or Eliminate Taxes
– Protect Your Assets
– Manage Risk
– Maintain Confidentiality
– Avoid Red Tape
– Reduce Business Expenses
– Increase Wealth


offshore business

The Principal Uses of an Offshore Company are:

 Holding or Property Owning Companiesoffshore business

Your offshore holding company may be created and utilized for holding shares of subsidiaries set in high tax countries. Many high tax countries will require that tax be withheld on profits paid to non residents. This means special attention ought to be paid to the existence of a double-tax-avoidance treaty between the countries where the subsidiary is placed and where the offshore holding company is created.

Where you live and where your assets are located (for example, real estate), such assets can be sheltered against inheritance tax by holding these assets in an offshore holding company. A high net worth individual with real estate or other assets in various countries should hold these with a personal offshore holding company so that upon death, the need to achieve probate in each country is circumvented. This shuns publicity and saves legal fees.

A lot of of the complexities and expenses related to an overseas or offshore investment property can be eliminated through the use of an offshore holding company retaining the title of the property. A sale of the property may be handled easily and quickly through a simple sale of the offshore holding company shares to the purchaser. Furthermore, legal fees, overseas transfer and value added taxes are reduced or eliminated. It may even avoid inheritance and capital gains taxes.

When your offshore holding company is registered in the correct jurisdiction that has double-tax avoidance treaties in place with your home country, your offshore holding company can be used to hold shares in multiple offshore companies owned by you. This arrangement would allow for fully or nearly tax-free repatriation of offshore profits straight to you.

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   Trading Companyoffshore trading company

Your offshore company can act as a trading agent through channels such as distribution, sales, import or export. Your new offshore trading company would typically buy direct from a wholesaler or manufacturer and then arrange for the merchandise to be delivered direct, from the place of purchase or production, to the customer. This may be of particular importance where merchandise comes out of one country, is then sold in another, and yet the offshore business owner is located in a third country. Your offshore trading company may be used to procure merchandise by a domestic importer, which then sources the goods abroad, or your offshore trading company may be used to sell merchandise by a domestic merchandiser, which then distributes the goods. All profits earned on the difference between buying and selling said merchandise may then be accrued in a tax-free atmosphere. Said profits may then be re-invested into the business, without incurring any tax liability.

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 Professional Services Companyprofessional services offshore company

Reducing your tax liabilities and eliminating potential litigation are the two main benefits of setting up a professional services offshore company. If you are a contractor, international consultant, designer or other professional individual working on a fee per job basis, you may reduce your taxes by incorporating an offshore company, through which all future fees for your contracts would then be routed. You, the professional, would collect a set amount of taxed remuneration (salary) from your offshore company, but the majority of the collection of fees would build up in the account of your offshore company, in a tax-free atmosphere. A few types of professional services this type of offshore company applies to would be to clothing designers, authors, interior designers, business consultants, actors, singers and entertainers. All can contract with their own offshore company, the right to collect income under a contract for services. A second major benefit of owning a professional services offshore company is that any and all potential liabilities, connected with a professional services contract, would now descend upon the offshore company, not the individual.

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 Investment CompanyOffshore Investment Company

With an Offshore Investment Company, you may pool private funds that can then be put into investment instruments around the world. These investments then accumulate capital gains and returns in a tax-free atmosphere. The use of a private offshore investment company also provides confidentiality for you, the investor. An investment in a high tax country is still subject to capital gains or withholding tax at source, but there are many investment instruments where there is no such applicable taxation. Profits accrued in a tax-free atmosphere would then add flexibility to their allocation and/or re-investment.

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 Shipping Companyoffshore shipping company

Your use of an offshore shipping company may eradicate direct or indirect taxation on shipping. An offshore shipping company can charter or own ships and accrue profits from such actions tax-free. Consequently, yachts or ships can be owned by an offshore shipping company that is located and registered in an offshore jurisdiction that provides a cheaper and more tax efficient means of possession.

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