Reducing Tax Liability – a foreign jurisdiction can offer unparalleled opportunities for reduction of your tax liabilities.
Full anonymity: Full anonymity is provided by law in certain tax havens because neither the directors, nor the owners of the companies are recorded among public corporate details. As a result, the personal details of the owners and directors are hidden from the public and this can be used favourably.
Estate Planning – Private Foundations, and Offshore Protective Trusts for accumulation of investment income and long-term benefits for beneficiaries on a favorable tax basis (without inheritance, income, or capital gains taxes);
Lack of bookkeeping obligation: In a number of tax havens offshore companies are not required to keep books. This, too, results in a considerable saving since, if we look at the data of a domestic (non-offshore) company of a similar size, the annual bookkeeping fee alone usually amounts to several hundred or even thousand dollars.
Enforcement of prestige-related considerations: It may happen that in certain business situations a foreign company may offer more advantageous terms and conditions. The participation of a foreign investor in a domestic enterprise sometimes creates considerably more trust and confidence in a potential business partner, or it may even provide exemption from customs duties in certain cases, etc.
Offshore Jurisdictions:
- Malta
- Domini
- BVI
- Netherlands Antilles
- Belize
- St Kitts
- St Vincent & theGrenadines
- Marshall Islands
- Isle of Man
- Panama
- Guernsey
- Seychelles
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