Definition of a beneficial owner in connection with various legal applications of beneficial rights
Read moreThe top 10 reasons for offshore company formation are driven by incentives in terms of geography, ease, costs, taxation, privacy, asset protection, internet and banking infrastructure, capital requirements and reporting. 2024 can be your great year to form an offshore company.
Read moreOffshore banking benefits for private and corporate clients. Why Do People Have Offshore Accounts? Is it worth having an offshore account? Must-have benefits of an offshore account for your Plan B in today’s turbulent world. Links to prof. services and easy solutions.
Read moreKYC stands for ‘Know Your Client’. All banks and other financial institutions have to identify prospective clients and verify their application documents before taking them onboard. AML stands for ‘Anti-Money Laundering’ and the term refers to a complex of measures aimed at detecting suspicious money transfers thus preventing legalization of dirty money. Both processes serve the purpose of combating tax evasion and terrorism financing. Modern technologies help improve the processes.
Read moreWhat is onshore? Companies established onshore: meaning and characteristics. What are the uses of an onshore company? What is offshore? Offshore company hallmarks. Why do people establish offshore companies? Onshore and offshore companies: comparison table. Benefit from professional services to set up your offshore company.
Read moreThe legal address of an offshore company is a very important aspect that many entrepreneurs do not pay due attention to when registering an offshore business. How the address can affect the success of your venture, whether it can be changed, and other important topics in our new article.
Read moreIf the country’s authorities want to send an official letter to a company registered in their jurisdiction, they have to have an address and a point of contact. A registered agent serves as such a point of contact. It is not obligatory to have a registered agent in some countries but most offshore jurisdictions require that local companies have registered agents.
Read moreWhich country is best for startups in 2023? Which country has most business opportunities for foreigners? What country is the easiest to start a business in? Compare 10 attractive options, book free customized advice, rely on the best prof. services at competitive rates.
Read moreChallenges and opportunities that come with offshore strategies for business planning and asset protection in 2024. Protecting your private assets in offshore havens. Offshore confidentiality: present days. Seven reasons to consider moving your business offshore: low taxes, DTAAs, cost-effective operations, offshore banking services, freedom from currency controls, global market expansion, as well as security and legality in offshore activities.
Read moreRegistration of an offshore company is not as easy now as it was some years ago. Today, you have to choose the jurisdiction very carefully to achieve your business goals. If you opt for a destination blacklisted by OECD or FATF, you may face serious problems. There are too many factors to be taken into account before you finally select a proper jurisdiction, so we strongly recommend entrusting the analysis to professionals. There are specialized and universal providers of offshore services, and you can read the article to find out which one to choose. We also give tips on choosing a legal form.
Read moreHow can you choose the most appropriate jurisdiction to register an offshore company, and how to proceed with the paperwork and other steps? Expert advice and questions.
Read moreFinancial Action Task Force (FATF) in laypeople’s terms. FATF organizational design. Main goals of the organization. FATF member jurisdictions: what are they? How does FATF contribute to preventing financial crimes? Its observers and associated organizations. FATF mission and recommendations in a nutshell.
Read moreThe key reason why many entrepreneurs set up offshore companies is the opportunity to pay less in taxes. For example, there are countries that charge no corporate tax at all. Besides, some jurisdictions use the territorial system of taxation when only the income made locally is taxed while all the income made abroad remains tax-free. Registering an offshore company does not require too much personal involvement but this business instrument can bring a number of important advantages in addition to the opportunity to save on taxes.
Read moreIBC and LLC in Belize: what are they? Does an offshore corporation in Belize need a registered office? Restrictions for IBCs and LLCs in Belize. Taxes that Belize offshore corporations pay. Financial reporting, directors, and shareholders. Does a Belize corporation require a secretary to operate? Share types in Belize. Minimum capital requirements for Belize corporations. Start an offshore corporation in Belize with expert assistance.
Read moreHow to choose the right name when registering an offshore company? This question worries many of our clients, so our experts have prepared a complete guide on offshore company names, which will consider in detail all aspects of this issue.
Read moreWelcome to our offshore myth collection: offshore companies, IBCs, and offshore corporations engage in illicit activities, their operations are unregulated, offshore companies, IBCs, and offshore corporations are established in blacklisted jurisdictions, IBCs, offshore corporations, and other offshore business structures evade taxes, nominee services enhance confidentiality, offshore companies lack trustworthiness, and registering an offshore company is an exorbitant expense.
Read moreSurely every person has heard the term holding company, but not everyone understands the features and benefits of such business structures. Our experts have prepared a detailed guide on the use of offshore holding companies in 2023, including their legal forms, jurisdictions for registration, and other nuances.
Read moreInternational trade: offshore strategies. Offshore company issues in international trade: VAT exemption, free trade agreements, banking aspects, business scale, guidelines for CFCs, transfer pricing rules, and costs for registration and maintenance. Why bother with setting up a company in a traditional offshore jurisdiction? The country’s image. Licenses and authorizations for offshore businesses. Location of the supplier. Offshore companies in international trade – summing up.
Read moreBest offshore jurisdictions for company incorporation. What country is the top option to form a non-resident company? Bank accounts for offshore companies. Jurisdictions for bank account opening. What sets apart offshore jurisdictions from low-tax jurisdictions? Annual company renewal, nominee services, and beneficiaries. Can you purchase a pre-established company abroad? Off-the-shelf companies with open accounts. Re-domiciliation. Can you register a company and open an account remotely?
Read moreWhat is a nominee director? Risks associated with nominee director services. Why have a nominee director? Beneficiary confidentiality: how might a nominee director help? Compliance-driven company registration: leveraging nominee director services to meet requirements. Elevating company image and validating its tax residency through a nominee director. Nominee director’s liability. Nominee services: a short summary.
Read moreOpening a non-resident bank account is a task that is challenging but performable. The advantages of non-resident banking include personal information confidentiality, flexible tariffs, access to foreign markets, and easy access to money. However, banks may deny services based on the customer’s nationality/ legal residency and the sources of income.
Read moreHow do offshore companies work? What’s the upside? The bottom line is the right country, entity (trust, foundation, LLC, etc.), and account. You’ll need knowledge, resources, and a business plan. If you have a reliable advisor, the rest will take care of itself. Prof. experts and services.
Read moreCan't decide which form of organization best suits your business needs? Our experts have prepared a detailed guide on this topic to help you make the right choice!
Read moreSome time ago, offshore business was associated with money laundering, tax evasion, and other illegal practices. Today, an offshore company is simply a company incorporated in a country that is different from the country of its founder’s legal and tax residence. A foreign company. What makes the opportunity to register an offshore company attractive is that some jurisdictions offer tax incentives and asset protection mechanisms that are not available elsewhere.
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