Offshore company registration
Setting up an offshore company has become a usual practice for many international companies and entrepreneurs. Offshore companies fall under the fiscal policies of offshore tax havens that offer favorable tax regimes reducing the tax liability of beneficial owners to 0%. Depending on the needs of the client a company can be registered in a jurisdiction with private commercial registry or using the services of nominee. This option assures additional anonymity of the shareholders due to the fact that the identity of the client cannot be disclosed to third parties. Examples of these countries that offer offshore secrecy are Belize, Panama, and Saint Vincent and the Grenadines. However, in case of Hong Kong, a country where the commercial registry is public, anyone interested in knowing the details about the company and the identity of the beneficial owner can obtain it without any obstacles.
Offshore companies are not automatically reportable to the tax authorities of the county of residence of the client. Automatic exchange of information treaty affects only bank accounts.
In this section you will be able to get familiar with different forms of company formation, its types, tax obligations and other characteristics of offshore jurisdictions that can be advantageous for the growth of your business.