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Monday, 8-Mar-2010 15:15 Email | Share | | Bookmark
Offshore companies

A company that wants to be considered as an offshore company has to be incorporated outside the jurisdiction of its primary operations or in an offshore financial center. To set an offshore company is not as simple as it used to be few years ago. Due to the higher number of cases of the Offshore companies whose main purpose of business was money laundering, more strict regulations and laws were set in order to limit these activities. However, all destinations providing favorable conditions when it comes to the incorporation of an offshore company stay very popular and sought after by many investors.

In general, offshore companies are able to provide the investors with the convenience of protecting their assets and legal issues, lower or no taxes, and easier and faster incorporation procedure. It's mostly the tax and privacy purposes that have been attracting foreign capital flow into them. Some countries are extremely generous to an offshore company as they do not levy on it any taxes at all. It means that Offshore companies do not have to pay, in their jurisdiction of incorporation, capital gain tax, interest income tax, sales tax, property tax, estate tax, succession tax, etc. The severe privacy rules avoid any governmental intervention and they also make sure that all investors' activities are protected and will not be affected by external individuals or corporations.


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