How do you feel about offshore companies?

[Interesting]

Generally speaking, a tax haven is a jurisdiction in which taxes are either applied at a low rate or not at all. An offshore company is a company established in order to operate and perform business activities outside the jurisdiction in which it was officially incorporated, as well as outside (or off the shores of) the place of residence of its directors, shareholders and beneficial owners, which may be crucial for tax planning in certain legal systems. Usually, an offshore company is established in order to receive certain legal or tax benefits, to allow for a particular corporate structure or to protect the confidentiality of the beneficial owner and/or asset holder.
The six main benefits of incorporating an offshore company in one the tax havens:
Tax reduction;
Privacy;
Simple maintenance;
Asset protection;
Lower expenses;
Lower minimum share capital requirements.
http://www.confiduss.com/en/services/incorporation/location/tax-haven/

 

[midemike]

Offshore companies for the big boys!

 

[Business Upside]

One of the main offshore company welfares is that they are generally “tax neutral” meaning they are often tax excused in the country of combination or they pay a low or zero effective rate of taxation when used as a holding company getting dividend income for example.

 

[Oniam]

Well we all know that having an offshore company as a tax evasion scheme that just put you in the front seat for trouble when it comes to legal matters! When I started my business I struggled a lot when it came to planning correctly everything and realizing how important the cash flow scenario will be for my company. That included expenses profits as well as plans on how to mitigate difficult periods in the future. A great example is the pandemic and how being correct with your taxes gave you The government support that a lot of offshore companies never had!