Introduction to Offshore Incorporation

What is Offshore

"Offshore" in the common sense means the country other than that where you reside. More often it has another meaning the country with low or zero taxes for personal or corporate foreigners.Their common characteristics were low or no taxes and less rigorous compliance requirements than their onshore neighbors

Business community uses the term "offshore" for tax-advantage jurisdictions, as well as for the whole accompanying industry of services. There are such commonly used notions as offshore company, offshore strategy, offshore financial centre, offshore registered office.

Offshore companies usually pay a nominal tax rate or none of it, and take maximum advantage of offshore legislation that usually provides asset protection for companies and individuals, complete confidentiality and anonymity, minimum intervention of authorities, no control over financial transactions, low or zero taxation.

Offshore jurisdictions have developed a unique legal and tax climate which allows foreigners, either personal or corporate, not to have any tax obligations, or only an acceptable tax rate. More than half of all the world finances is located in such tax havens with stable legal situation, advantageous tax regime and comprehensive and realistic regulations.

Offshore Advantages

Offshore structures can introduce you to a whole new world of investment opportunities with superior tax advantages. The main reasons for people to incorporate today are:

• limited liability
• privacy
• asset protection