Offshore companies are always the preferable company structure to enjoy a high level of privacy protection, tax exemption as well as limited liability. Such entities can be registered with a paid up capital of only USD 1, without the need to hire any actual staff located within the region of incorporation.
Advantages Of Offshore Companies
Tax Exemption
Offshore companies are not subject to Profits Tax, Capital Gains Tax, Interest Tax, Inheritance Tax, as well as Stamp Duty incurred on share transfers.
Simplified Setup Procedures & Requirements
Offshore companies can be registered within the same day, and other offshore companies may require only one person to be registered.
Privacy
The identities and personal information of an offshore companies' directors, shareholders and ultimate owners’ do not need to be filed with local governments. Therefore, third-parties cannot obtain a search report from a local government on any company information together with its structure.
Costs and Fees
Establishing an offshore company is relatively inexpensive as there are no further costs. It is very attractive to use an offshore company because there are numerous advantages and benefits.
Reporting Requirements
Some offshore companies require periodic financial reports being filed, and others may not even need to file anything at all.
Limited Liabilities
Almost all offshore companies are private and limited in nature, and the investors who subscribe to the shares of the offshore company are limited to contribute up to this amount (of the shares), and not more.
Since introducing its International Business Company (IBC) legislation in 1984, the BVI offshore financial services sector has flourished and is now the world’s most popular offshore centre with around 800,000 incorporated companies.
Samoa’s offshore corporate legislation was introduced in the late 1980s and was based on the Cook Islands legislation. It now includes numerous enhancements, making it more user-friendly to suit the requirements of the Asian market.
Anguilla, which formally separated from St. Kitts and Nevis in 1981, is a British Dependent Territory enjoying a high degree of political and economic stability with a well-regulated financial services industry.
More than one million business entities take advantage of Delaware’s complete package of incorporation services, including flexible corporate laws, highly-respected Judiciary and a business-friendly government.
Cayman Islands, situated in the West Caribbean Sea, belongs to British Overseas Territory. It is one of the two offshore jurisdictions accepted by Hong Kong Stock Exchange for listing in Hong Kong.
