Click here to load reader
Upload
duncan-cameron
View
28
Download
0
Embed Size (px)
Citation preview
Having an offshore company presents a great many advantages over its onshore equivalent. There are
three main reasons a business may choose to set up offshore.
1. Offshore companies for trading;
Many companies which trade overseas have offshore bases.
Some of these companies choose to set up an offshore company, mainly to benefit from
substantial tax savings.
Tax savings can be available to a company of any size, from small business to giant corporations.
2. Offshore companies for protecting a directors identity;
Due to local investment restrictions or risk of actions from creditors, directors may wish to
keep their identities secret.
Offshore companies are able to own properties, hold money and shares and other items in their own right.
This means that an individual can use their company to make various purchases and then be protected by the fact that no one can discover that the company is owned by that person.
Off course, levels of privacy available differ with different off shore jurisdictions.
3. Offshore companies for the tax savings;
The zero or minimal tax rates applicable to offshore companies makes them very attractive to profit driven businesses.
The prospect of retaining all the income earned leads to some businesses opening offshore
branches and using them as trading vehicles.
As well as corporate tax savings, offshore companies usually enjoy tax-free capital gains and
inheritance charges.
At Farringdon Group, we can help you set up an offshore company to enjoy all these benefits in any
of the following jurisdictions;
Dubai
Seychelles
British Virgin Islands
Labuan
Russia
Kazakhstan
Malaysia
Singapore
The suitability of offshore companies to a particular individual can only be ascertained after a
reasonably detailed analysis of their financial situation, their future plans and their goals. However
the attractions of offshore companies is clear so if you have any interest in such a venture please do
get in touch with me and we can begin to talk things through.
I hope that you have enjoyed reading this post and let me know if you would like further information
either by LinkedIn on via email to [email protected]
Licensed Labuan Insurance Brokers: BS200861
This electronic message transmission contains information from the Company that may be proprietary, confidential and/or privileged. This
document should only be read by those persons to whom it is address and is not intended to be relied upon by any person without subsequent
written confirmation of its contents. Accordingly, Farringdon Group disclaims all responsibility and accepts no liability (including negligence) for the
consequences of any person acting, or refraining from acting, on such information prior to the receipt by those persons of subsequent written
confirmation. If you have received this e-mail message in error, please destroy and delete the message from your computer. Any form of
reproduction, dissemination, copying, disclosure, modification, distribution and/or publication of this e-mail message is strictly prohibited.
Farringdon Group is an independent and International Financial Adviser that can advise on the products and services of different companies.