Tax savings:
Offshore companies enjoy business tax savings due to exemption from paying tax on profits earned outside the jurisdiction through existing double taxation treaties with major economies of the world.
Confidentiality:
Confidentiality of company information is an important benefit of offshore companies
No need to maintain accounts:
IBC's are not required to prepare (or submit) company accounts to any authority
Minimal Compliance requirements:
Offshore companies have minimum compliance requirements before and after incorporation.
Tax Benefits:
Offshore company formation can save you from payment of capital gains tax, inheritance tax and death duties. All dividends, interests, royalties, rents, compensations and other amounts are exempted from the payment of income tax
Movement of Foreign Exchange
No restrictions on the movement of foreign exchange. |
