Companies operating in offshore zones were known long before the term appeared. Registration in offshore will not only allow you to avoid paying taxes (in the countries of doing business), but will increase the prestige of the company and help you enter the international arena.
The advantage of registering in offshore areas
About 70 offshore zones are known in the world - these are states or certain parts of the country where ideal conditions for registration and preferential taxation are developed for foreign companies. A prerequisite is the implementation of economic activity outside the offshore zone. Doing business in the state where the registration was made deprives the company of the right to preferential taxation and simplified accounting. The advantage of offshore companies:
- The name of the owner, founders, shareholders of the company will be protected by law and will remain unknown to all other market participants.
- Tax exemptions. Each economic zone has its own rules for doing business, paying only an annual fee, or paying a small income tax.
- The opportunity to collaborate with international banking institutions.
- Simplification of foreign exchange transactions.
- The owner of an offshore company will be able to obtain a residence permit, acquire and inherit real estate.
- Safe capital transfer operations and the ability to enter into international agreements.
- Keeping the secret names of partners.
Offshore companies must strictly comply with the laws of the state where the company was registered.
Types of economic zones
Offshore economic zones differ among themselves in terms of taxation, reporting rules and other features of doing business. Some countries not only offer a simplified system of doing business but also provide subsidies for developer firms - these are Asian countries. Offshore centers in Europe are suitable for trade, tourism and information technology. Special agents will help with the transfer of the company offshore, helping to choose the optimal economic zone, register and will advise on other important issues.