Offshore Company Incorporation
Details
1. What is Offshore Company?
Answer: In simple terms, the Offshore Company is mainly engaged in its jurisdiction outside the region (such as the British Virgin islands, Cayman Islands, Samoa, Seychelles etc.) incorporated with any other company, essentially the same. The Off Shore Company usually has a low or even zero tax rate, especially for international cross border purposes, and is not allowed to operate in its incorporated jurisdictions.
2. why do investors want to set up a Off Shore Company?
A: There are many advantages of Offshore Company, including:
- The legal framework is firm, stable and simpler to reduce business and maintenance costs.
- It's faster and easier to set up Simplify accounting and auditing requirements.
- Capital channels
- The legal system is more sound
- Exempt from foreign exchange control
- One of the ways to protect assets from litigation, sovereign risk, and local / religious laws
- The tax potential is less clear
3. What are the Offshore Company purposes?
A: Offshore Company can be used for a variety of activities, such as trade, investment, holding property and assets, heritage and succession planning, financing, in the international stock exchange and acquisitions.
4. What are the most commonly used offshore jurisdictions?
The British Virgin Islands have been the most popular jurisdictions for investment holding purposes.
Samoa and Anguilla company for holding investment also grow with each passing day.
Seychelles is turning its investment into Africa, and Cayman Islands Company has been their choice for investors who intend to make initial public offerings or mutual funds.
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