WHY OFFSHORE COMPANY?

Offshore company is the company established within tax haven or region having low or zero taxation, low regulatory compliance and high confidentiality /mostly referred as Offshore financial center/. First offshore financial center was established after World War l /which accounts Liechtenstein per approval of Trust law in 1926 and Bermuda per approval of Offshore companies law in 1935/ and there are 56 countries officially regarded as offshore financial center by the IMF.

Although offshore companies are vulnerable to tax evasion, money laundering and financing of terrorism, it’s still regarded as and offers best solution for international trade, asset protection, confidentiality and tax haven.

Hereby, we are providing you some details on establishing and operating offshore company in some of offshore financial centers:

Minimum annual license, duty or franchise fee Annual return filing fee Taxation on foreign profits Standard minimum paid up capital Permitted currencies of capital Local directors / managers required Location of members/  directors / managers meetings
Anguilla US$ 230 Not applicable Nil US$ 1 Any No Anywhere
Bahamas US$ 350 Not applicable Nil US$ 1 Any No
Belize US$ 100 Not applicable Nil US$ 1 Any No
Bermuda US$ 1,695 Not applicable Nil US$ 1 Bermuda $ No
British Virgin Islands US$ 300 Not applicable Nil US$ 1 Any No
Cayman Islands US$ 575 Not applicable Nil US$ 1 Any No
Cook Islands US$ 500 Nil Nil US$ 1 Any No
Costa Rica US $ 40 US$ 50 Nil C 10,000 Any No
Cyprus Not applicable CYP 7 4.25% CYP 1,000 CYP No
Denmark Nil Nil Yes DKK 125,000 DKK/ Euro No
Gibraltar Nil £ 30 No £ 1 Any No
Hong Kong US$ 600 US$ 200 Nil on Foreign Profits HK$ 2 Any No
Hungary HUF 1,500 Not applicable 3 % US$ 7,500 Forint Yes – majority
Iceland ISK 100,000 Not applicable 5% ISK 500,000 Any No
Ireland Not applicable IR£ 150 Varies IR£ 2 Any No
Isle of Man £ 430 £ 50 Fiscally          transparent Not applicable Any Not applicable
Israel US$ 200 Nil No US$ 2 Any No
Jersey £ 600 £ 130 Nil £ 2 Any No
Labuan RM 2,600 RM 100 3% US$ 1 Any No
Liberia US$ 150 Not applicable Nil US$ 1 Any No
Liechtenstein CHF 1,000 Not applicable an annual capital tax of 0.1% CHF 50k Swiss Franc Yes – one
Luxembourg Not applicable Nil Normal rates FLUX 1.25M Any No
Madeira US$ 1,000 Not applicable Varies € 5,000 Escudo No
Malta Not applicable From Lm 50 Credits/Refunds Lm 500 Any No
Marshall Islands US$ 450 Not applicable Nil US$ 1 Any No
Mauritius US$ 1,500 Not applicable 3% US$ 2 Any No Mauritius
Netherlands NLG333 Not applicable 35% NLG 40,000 Any No Anywhere
Nevis US$ 220 Not applicable Nil US$ 1 Any No
Niue US$ 150 Not applicable Nil US$ 1 Any No
Panama US$ 350 Not applicable Nil US$ 1 Any No
Saint Vincent US$ 100 Not applicable Nil US$ 1 Any No
Samoa US$ 300 Not applicable Nil US$ 1 Any No
Seychelles US$ 100 Not applicable Nil US$ 1 Any No
Singapore Not applicable S$ 50 Varies S$ 2 Any No
Switzerland Varies Not applicable Varies CHF 20k CHF Yes – majority
Turks & Caicos US$ 300 Not applicable Nil US$ 1 Any No
United Kingdom Not applicable £ 50 Transparent £ 2 Any No
Uruguay 0.3% of capital Not applicable Nil US$ 2,500 Any No
USA Varies Varies Transparent US$ 2 Any No

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