Advantages of Offshore
  • No restrictions on nationality
  • No requirements to disclose ownership
  • No restrictions on foreign owned corporations
  • No restrictions concerning ownership of shares
  • Shares could be subscribed to the Bearer or By Name
  • No residence requirements for Directors/Officers
  • No paid-in capital requirements
  • No Income Tax is paid or reported if the corporation operates outside the jurisdiction
  • No exchange controls
  • No restrictions on Mergers, Acquisitions or Joint Ventures
  • No requirements to file annual Financial Statements
  • No requirement to hold annual General Meetings of Shareholders or Directors
  • Secrecy and Anonymity
  • Total tax exemption on all and any business activity or transaction carried on outside the jurisdiction
  • Total business privacy
  • Registration takes between 10-20 days depending on the jurisdiction and shelf companies are readily available
  • Reasonable Annual Registration and Resident Agent Fees
  • The accounting books for the corporation could be kept in any part of the world and in any language
  • Amendments can be made to the incorporation documents upon the needs of the corporation
  • Established base of bilingual accountants and lawyers specialised in banking, corporate and trust services
  • Flexible corporate laws

Structuring your individual and corporate affairs Offshore can bring the following advantages:

  1. Low or even zero tax on trading companies and disposal of assets
  2. Discretion and anonymity
  3. Protection of assets (ring fencing)
  4. Reduced bureaucracy