All that you wished to know about off-shore companies
What is an off-shore company?
It is the legal body which is registered in zones with preferential or tax-free status and not doing business in the country of registration.
For what the off-shore company is necessary?
It is an objective necessity for conducting lawful and successful business in conditions of the Russian instability, constant confusion in levy machinery and legislation.
Such company allows, without entering in conflict with the law essentially lower the tax burden and to get the maximum profit on business dealing.
Five reasons for purchase of off-shore company.
- 1. A method to optimize taxation at conducting your business.
- 2. Reliable safe for currency storage
- 3. Possibility of setting up an account in the best banks of the world
- 4. Possibilities of management of capital using diverse offshore schemes
- 5. Securities trading and investment possibility worldwide.
What offshore zones are the most popular and why?
- By all means, these are British Virgin Islands and Seychelles. Their advantage consists in the fact that at cheap service and low cost of registration, these companies are characterized by absence of taxes, high degree of confidentiality and protection.
Cyprus. Is it any more the offshore?
- As it is known Cyprus since 2004 has entered the European Union and has by degrees started to improve the levy machinery and legislative base which are established by perfect level of transparency. Now the new agreement on dual taxation avoidance is in the stage of signing where the changes containing actually prohibitory injunctions for some of practicing offshore schemes are made.
But nevertheless Cyprus remained the bridge helping to work effectively with the companies of the European Union. And at competent construction of the scheme Cyprus has many tax advantages.
