Taxation of an offshore company? Information on taxes and other duties of an Offshore company. Offshore company tax information

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OFFSHORE COMPANY ? TAXATION OFFSHORE SOCIETY? DISCOVER OFFSHORE SOCIETIES

 

Do I have to pay taxes on the profits of my offshore company?

A large number of countries base their economy on foreign investments and on the creation of offshore companies in their Jurisdiction. Some jurisdictions have even made these external contributions an essential element of their economy such as the Seychelles, the Caymans…. This explains the multiplication of offshore companies and the quick and easy creation, in most cases, anonymous. If you are one of the offshore contractors, your business will allow you to enjoy certain benefits in the country where you base yourself. The answers to your questions in this area in these few lines.

 

Do I have to pay taxes on the profits of my offshore company?

Most so-called “offshore” jurisdictions are characterized by their very low or even zero tax rate. Regarding profits, they are taxed very low or are totally exempt in jurisdictions with a legal status called OFFSHORE. It all depends on the jurisdiction you choose. In the event that your company is exempt from income tax, you may have to pay an annual flat-rate tax, for example in Seychelles or Delaware in the USA, in connection with the operation of your offshore company. This tax does not generally exceed 300 euros.

Likewise, other taxes and levies are levied at lower rates, or even zero. In these offshore countries, income tax and corporation tax are levied at a rate not exceeding 15%. The taxation of real estate and capital follows the same principle. Finally, the majority of offshore countries do not include VAT in their tax system.

In summary, you will not have to pay taxes on profits. If not, this tax will not be significant for your business. It is up to you to make a comparison between the taxation of the countries where you wish to settle. Taxation remains the number one reason why entrepreneurs create a Offshore company type structure.

Can I expect other benefits from operating an offshore company?

Apart from taxation, you will have additional advantages by operating an offshore company. In the offshore jurisdictions, all your assets are protected from legal procedures except in certain cases. These countries all guarantee strict compliance with banking secrecy. What's more, inheritance taxes are not applied to foreigners.

The offshore companies in addition, are distinguished by the discretion offered to managers and shareholders which, unlike offshore jurisdictions, offers total security to entrepreneurs and other shareholders of the offshore company this allows in particular not to see your personal address broadcast on the internet and accessible to all. which can be dangerous in the case of running some type of financial example company. Information about you does not appear in the documents of the offshore company. All you need to do is appoint a nominee director and / or a nominee shareholder to represent you (Lawyer or Advisor, see a Trust or Holding company).

Finally, the procedures for creation of offshore companies are simple and accelerated in most cases. You will not have to bring any minimum capital when forming your offshore company indeed the jurisdictions that offer this kind of offshore legal status are mainly based on the principle of overexpansion.

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