How Offshore companies are registered in a country

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How offshore companies are registered in a country

• By Aviabiz

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Offshore Companies

• Offshore companies what some call a tax haven,
  referred to this term in a country which exempts
  from tax foreign investors who have bank accounts
  or set up companies in its territory. At that
  make no economic or commercial activity and are
  termed non-resident companies. These companies
  are controlled by foreign enterprises or
  individuals that conduct their business in other
  parts of the world and using the tax haven only
  as a legal address of the company.

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Who are the beneficiaries?

• This is done by applying states with the
  intention of attracting foreign currency to
  strengthen the country's economy, most are small
  countries that lack sufficient resources both
  natural and industrial and could not go ahead if
  not for the financial industry that is developed
  by foreign capital.

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Who are the beneficiaries?

• These companies are exempt from corporation tax
  and taxes common, as is the value-added tax
  (VAT), business tax and the payment of social
  contributions, the only thing they pay is a
  minimal fee to the registry annually no more than
  200. Offshore companies are used by their
  owners to avoid paying taxes on individuals, such
  as inheritance tax, stamp duty, the estate tax,
  tax on income of individuals or even taxes
  vehicles.

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What are the tax advantages enjoyed by companies
tax?

• Establishment fast, simple and cheap. In most
  jurisdictions a corporation may be formed within
  48 hours and with minimal documentation. A copy
  of passport and proof of address is usually
  sufficient. The cost of incorporation does not
  generally exceed 1000.

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What are the tax advantages enjoyed by companies
tax?

• Manage easily and economically. The tax
  exemption means that the company does not have to
  make tax settlement procedures as in the case of
  VAT. In most tax havens are not required to
  submit an annual account, which avoids costly
  accounting and auditing processes. Thus the
  company can prepare their own accounts or
  register their activities as best choice.

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What are the tax advantages enjoyed by companies
tax?

• Strict confidentiality. In jurisdictions
  offshore personal data of shareholders and owners
  of companies are not included in any public
  record. It allows the use of representatives as
  the director or shareholder fiduciary trust and
  bearer shares.

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What are the tax advantages enjoyed by companies
tax?

• Freedom of investment. Many countries have
  strict financial regulations for the protection
  of investors, which hinder or prevent
  participation in certain businesses, assets and
  investment funds. Offshore companies are not
  subject to such regulations, so that opens up a
  world of global investment opportunities, which
  otherwise would not have access.

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What are the tax advantages enjoyed by companies
tax?

• Re domiciliation of society to another
  jurisdiction, without stopping the activity of
  the company.

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Types of Offshore Companies

• Offshore companies have two types and these are
• IBC (International Business Company)
• That means international business company, takes
  the form of limited liability company or
  corporation.
• LLC (Limited Liability Company)

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Conclusion

• A sort of limited partnership, which is
  fiscally transparent, meaning that its members
  must state the benefits to society in their
  individual tax returns.
• For more details about Offshore Companies Click
  Here.