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Offshore Companies

Offshore or Offshore company – terminology.

Word Offshore (offshore company) can be used for any company registered outside the country where business takes place. For example, a German company is an offshore for France.

Nowadays word Offshore as well as Offshore Company is primarily used for companies registered in so called Offshore-jurisdictions – international offshore financial centers. Usually legislation in such jurisdictions allows registration of special type of non-residential companies that are not supposed to run a business inside of the country (like IBC - International Business Companies). Such companies (registered in offshore centers) normally do not pay taxes in the country of registration and very often are not burdened with annual reporting.

Practical purpose of offshore companies

Mostly offshore companies are employed for:

Remote work of professionals, agents, consultants
Ownership of property, including intellectual
Investment Companies
Asset Protection and Privacy

Comparative table of companies offered by our company:

	England LTD	Cyprus LTD	England LLP	Scottish LP	BVI Panama	Belize Seycelles
Level of prestige	High	Average			Offshore
Income tax	28%	10%	–	–	–	–
Annual reporting	+	+	+	–	–	–
Existence of the treaty on avoidance of double taxation	+	+	+	+	–	–
Country is excluded from the lists of the OECD and the FATF	+	+	+	+	+	–
Allowed nominal members	+	+	+	+	+	+
High confidentiality	+	+	+	+	+	+

Сompany formation, Bank introduction

Offshore Companies