Company setup |About The LLC | Free Zone Company | Offshore Companies
Offshore Companies
Like any other company, an offshore company is a legally recognized separate entity with limited liability. As such an offshore company can sell shares and has perpetual existence.
The most popular type of offshore corporation for asset protection and privacy reasons is an IBC or International Business Company. An IBC can trade all over the world except in its country of incorporation, and is usually eligible for tax exemption. The UAE, The British Virgin Islands, Anguilla, Mauritius and the Seychelles are common IBC jurisdictions.
Why choose for an offshore company?
There are many reasons why individuals and corporations may opt to use offshore planning and offshore companies. Possible motivations are: reducing tax liabilities, protecting assets, risk management, privacy protection, avoiding bureaucracy, cost reduction and asset enhancement.
Most common uses of offshore companies include:
- Trading
- Investment holding
- Financing
- Professional services or consultancy
- Patent, royalty and copyright holding
- Ship management and yacht owning
- Personal and corporate tax management
Specific benefits of an offshore company
- Access to top rated debt history jurisdictions
- Territorial taxation on foreign income
- Free remittance of profits and capital
- Availability of sophisticated banking facilities
- Access to foreign insurance and reinsurance
- Foreign investment inducements
- Security of property rights
- Availability of offshore experts
- Customs and duty exemptions
- Accessing low cost areas
- Government cooperation
- Exchange convertibility
- Tested legal systems
- Access to tax treaties
- Higher yields and returns
- Sanctity of contracts
- Enhanced privacy
- Political stability
- Banking privacy
- Fair treatment
- Reduced taxation
