The anonymity of IBCs, also called offshore companies, is the reason for their misuse!
Because of the strong anonymity an offshore company can provide, if it is setup correctly, it is often misused for money laundering and other activities, which violate the tax regulations in most countries. Almost everyone knows than an offshore company can be used to protect your assets and can also be used as a vehicle to avoid or minimize tax. In many cases an offshore company (eg. A company...
Read MoreIn Which Jurisdiction Should I Incorporate My Offshore Company?
This is one of the most common business questions of the modern time. The incorporation of offshore companies has continued to increase in popularity and it has never been as beneficial to incorporate an offshore company as it is in 2010. Thousands of online businesses have discovered the advantages of incorporating companies offshore and they are already experiencing major benefits such as tax...
Read MoreAre You Aware about the Seychelles Company Formation Requirements?
Seychelles is a beautiful island in the Indian Ocean. It has grown to become one of the largest offshore business centers in the world. Its popularity is on the increase due to the flexible rules that the country provides. First of all, you do not need to have more than one director in the company.Furthermore, the directors do not have to be shareholders of the company. Seychelles is indeed...
Read MoreWhat Should You Know About Delaware Company Formation?
The current changes in the economy have led to people seeking new ways through which they can improve their businesses. Company formation outside one’s home country has over the years gained considerable popularity. Delaware is one of the places that is well liked by many company owners who form corporations there. It is popular because of its business friendly environment and low incorporation...
Read MoreWhy You Should Consider Company Formation in Delaware
Delaware is a great place to start your business. It is a business friendly State with laws to protect your corporation. It will offer you all that you need to get your business up and running. If you are seeking to start a business then the best thing that you should look into is incorporating your business. A good location for your business is the first thing that one needs to search for when...
Read MoreOffshore Experts
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- EC Consults On Cross-Border IHT IssuesThe European Commission has announced the launch of a consultation on tackling cross-border inheritance tax obstacles within the European Union. ... […]
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- Jersey Foundations Attract Growing InterestJust over a year since they were launched, Jersey Foundation structures are continuing to receive a steady flow of interest, according to an... […]
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Latest tax news
- Tax-News.com: Landmark Nasdaq Listing For Mauritius FirmTax-News.com: Leading Indian online travel company, MakeMyTrip Limited has undertaken a USD70m Initial Public Offering on the Nasdaq Global Market, making it the first Mauritius-incorporated company to list on a major New York stock exchange. […]
- Tax-News.com: Obama's Tax Reform Panel Issues ReportTax-News.com: The US President’s Economic Recovery Advisory Board, chaired by for Federal Reserve Chairman Paul A. Volcker, has issued a report on options for changes in the current tax system to achieve three broad goals: simplifying the tax system; improving taxpayer compliance with existing tax laws; and reforming the corporate tax system. […]
- Tax-News.com: DIFC Announces Strong Growth In 2010Tax-News.com: Despite the economic downturn, the Dubai international Financial Centre is continuing to attract companies form all over the world, especially from Asia. […]
- Tax-News.com: South Africa Rejects Mining TaxTax-News.com: South Africa's Minister of Mineral Resources, Susan Shabangu, attending the Paydirt Africa Downunder Conference in Perth, has said that her country would not introduce a new mining tax, as is being proposed in Australia. […]
- Tax-News.com: METI Sets Out Japanese Tax Reform ProposalsTax-News.com: After a period of consultation with industry, the Japanese Ministry of Economics, Trade and Industry has incorporated significant green elements in its tax strategy for 2011 as well as proposals designed to make business taxation more competitive internationally. […]