About Offshore Companies
An offshore company is a company which does not conduct substantial business in its country of incorporation and is formulated in a law of no tax jurisdiction for the purposes of legally minimizing any type of tax payment and improving one's wealth management.
Primarily one would open an offshore company to gain confidentiality over their financial affairs and grow wealth without intrusion. Offshore companies can eliminate or minimize many types of tax payments such as: Capital gains, V.A.T, Death duty, profits on business earnings and property sales. An offshore company legitimately assists you in gaining confidentiality over your financial affairs and growing your wealth.
Major offshore jurisdictions:
FEATURES OF THE BVI ( British Virgin Islands )
- One of the largest incorporators of offshore companies worldwide. BVI legislation is recognized around the world.
- Low formation and annual maintenance fees.
- Minimal ongoing compliance requirements.
- BVI Authorities do not impose tax on profits.
- Different classes of shares can be issued.
- Minimum requirement of one shareholder.
- Minimum requirement of one director.
- No obligation to appoint a company secretary.
- No information required by the BVI Authorities prior to incorporation.
- Shareholder and director details are not listed in any public register in the BVI and are not given to the BVI Authorities.
- No requirement to file annual accounts or tax returns in the BVI.
FEATURES OF CAYMAN
- Exempt companies, ordinary non-resident, ordinary resident, limited duration companies, limited liability companies, guarantee companies, no par value companies, segregated portfolio companies, partnerships, funds, and trusts.
- Leading offshore, financial, and banking centre.
- Modern company law.
- Companies can be incorporated in 1 - 2 days.
- Different classes of shares can be issued.
- Minimum requirement of one shareholder.
- Nominee shareholders can be provided.
- Minimum requirement of one director.
- Corporate directors are allowed.
- Accounts do not need to be filed.
- No requirement to appoint an Auditor.
FEATURES OF THE SEYCHELLES
- Low formation and annual maintenance fees.
- Minimal ongoing compliance requirements.
- Seychelles Authorities do not impose tax on profits.
- Different classes of shares can be issued.
- Minimum requirement of one shareholder.
- Minimum requirement of one director.
- No obligation to appoint a company secretary.
- Shareholder and director details are not listed in any public register in the Seychelles , and are not given to the Seychelles Authorities.
- No requirement to file annual accounts or tax returns in the Seychelles.
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