Offshore structures and companies are just words that do not have a specific legal or sense in common. Simply speaking, offshore means “nowhere, except places of physical location of the person using this word”, in other words – abroad.
Offshore business and company are mainly used in relation to issues such as international business management structures and family trusts. The use of international corporate or fiduciary target structures has many causes and advantages.
The establishment of an offshore structure in a low-tax jurisdiction is usually used to structure international business and tax planning.
Legal entities that are registered in the country of “tax shelter” offer individuals and businesses a lack of (or minimum requirements) tax liabilities that include the registration or purchase of ready-made companies in jurisdictions such as Seychelles, Marshall Islands, Panama, Dubai, etc.
Structures that are registered in these jurisdictions can provide both offshore and onshore companies that can serve for different purposes – like territorial taxation, or in principle without currency regulation.
Legal entities that are registered in many countries with offshore laws can have structures that are favorable for specific international purposes.
Although the world of offshores was represented by media as a black and white world – however, everything is much more complicated. Offshore business includes both tax-exempt harbors and high-tax onshore jurisdictions that use various mechanisms, such as territorial taxation, special taxation prior to payment of dividends, the use of double tax treaties between specific countries – any methods to use all the rules and opportunities to reduce the tax base, protect the assets and interests of the beneficiaries of companies.
The existing opportunities to improve the overall effectiveness of low-tax regimes offered by high-tax jurisdictions that seek to stimulate international business have been recognized by international consultants for some time.
However, in order to successfully implement such structures, it is necessary to circumvent a wide range of requirements, often related to issues such as provisions against tax evasion, FATCA, BEPS, GAAR, as well as many other requirements, such as transfer pricing rules and other constantly changing rules.
At present, the offshore world presupposes the qualified implementation of special tax favorable structures registered in high-tax tax jurisdictions such as Switzerland, the United Kingdom, Singapore, the Netherlands, etc.
Eternity Law International specialists will provide you with expert advice on the registration of an offshore company, the opening of a bank account in any jurisdiction.
We offer ready-made offshore companies – re-registration of documents for new owners takes 2 days.
If you have any questions or need advice on how to register or purchase a company, please call us or write to the form at the bottom of the page.