How Offshore companies are registered in a country - PowerPoint PPT Presentation

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How Offshore companies are registered in a country

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Offshore companies are registered in a country, what some call a tax haven, referred to this term in a country which exempts from tax foreign investors who have bank accounts or set up companies in its territory. – PowerPoint PPT presentation

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Title: How Offshore companies are registered in a country


1
How offshore companies are registered in a country
  • By Aviabiz

2
Offshore Companies
  • Offshore companies what some call a tax haven,
    referred to this term in a country which exempts
    from tax foreign investors who have bank accounts
    or set up companies in its territory. At that
    make no economic or commercial activity and are
    termed non-resident companies. These companies
    are controlled by foreign enterprises or
    individuals that conduct their business in other
    parts of the world and using the tax haven only
    as a legal address of the company.

3
Who are the beneficiaries?
  • This is done by applying states with the
    intention of attracting foreign currency to
    strengthen the country's economy, most are small
    countries that lack sufficient resources both
    natural and industrial and could not go ahead if
    not for the financial industry that is developed
    by foreign capital.

4
Who are the beneficiaries?
  • These companies are exempt from corporation tax
    and taxes common, as is the value-added tax
    (VAT), business tax and the payment of social
    contributions, the only thing they pay is a
    minimal fee to the registry annually no more than
    200. Offshore companies are used by their
    owners to avoid paying taxes on individuals, such
    as inheritance tax, stamp duty, the estate tax,
    tax on income of individuals or even taxes
    vehicles.

5
What are the tax advantages enjoyed by companies
tax?
  • Establishment fast, simple and cheap. In most
    jurisdictions a corporation may be formed within
    48 hours and with minimal documentation. A copy
    of passport and proof of address is usually
    sufficient. The cost of incorporation does not
    generally exceed 1000.

6
What are the tax advantages enjoyed by companies
tax?
  • Manage easily and economically. The tax
    exemption means that the company does not have to
    make tax settlement procedures as in the case of
    VAT. In most tax havens are not required to
    submit an annual account, which avoids costly
    accounting and auditing processes. Thus the
    company can prepare their own accounts or
    register their activities as best choice.

7
What are the tax advantages enjoyed by companies
tax?
  • Strict confidentiality. In jurisdictions
    offshore personal data of shareholders and owners
    of companies are not included in any public
    record. It allows the use of representatives as
    the director or shareholder fiduciary trust and
    bearer shares.

8
What are the tax advantages enjoyed by companies
tax?
  • Freedom of investment. Many countries have
    strict financial regulations for the protection
    of investors, which hinder or prevent
    participation in certain businesses, assets and
    investment funds. Offshore companies are not
    subject to such regulations, so that opens up a
    world of global investment opportunities, which
    otherwise would not have access.

9
What are the tax advantages enjoyed by companies
tax?
  • Re domiciliation of society to another
    jurisdiction, without stopping the activity of
    the company.

10
Types of Offshore Companies
  • Offshore companies have two types and these are
  • IBC (International Business Company)
  • That means international business company, takes
    the form of limited liability company or
    corporation.
  • LLC (Limited Liability Company)

11
Conclusion
  • A sort of limited partnership, which is
    fiscally transparent, meaning that its members
    must state the benefits to society in their
    individual tax returns.
  • For more details about Offshore Companies Click
    Here.
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