KNOWLEDGE BASE

OFFSHORE COMPANIES

Utilising Offshore Companies

Why Go Offshore? The Benefits Offered by Offshore Companies

WHY GO OFFSHORE?

The motivations for individuals and corporations to utilise offshore planning and offshore companies include the desire to:

  • Reduce tax
  • Protect assets
  • Manage risk
  • Maintain privacy
  • Avoid bureaucracy
  • Reduce costs
  • Enhance assets
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THE BENEFITS OFFERED BY OFFSHORE COMPANIES

More specifically, the reasons for going offshore and utilising offshore companies for tax planning and offshore business include:

  • Free remittance of profits and capital
  • Access to top-rated debt history jurisdictions
  • Access to tax treaties
  • Security of property rights
  • Accessing low cost areas
  • Banking privacy
  • Availability of offshore experts
  • Access to foreign insurance and reinsurance
  • Enhanced privacy
  • Customs and duty exemptions
  • Exchange convertibility
  • Government cooperation
  • Fair treatment
  • Territorial taxation on foreign income
  • Fewer restrictions
  • Sanctity of contracts
  • Foreign investment inducements
  • Tested legal systems
  • Higher yields and returns
  • The availability of sophisticated banking facilities
  • Reduced taxation
  • The search for political stability

The principal uses of Offshore Companies are:

  • Trading
  • Investment holding
  • Financing
  • Professional services or consultancy
  • Patent, royalty and copyright holding
  • Ship management and yacht owning
  • Personal and corporate tax planning
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Disclaimer: Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other
professional advice. OCRA Worldwide does not accept any responsibility, legal or otherwise, for any errors or omission.