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 MoreRegister Offshore Company – Benefits and Features
Most IBC statutes have been drafted to meet the needs and demands of international market and amendments are made so that its can accommodate the growing market. These subsequent changes in the Act are meant to improve the efficiency and effectiveness of services rendered by offshore companies. The whole process in incorporating a company is made is designed to meet set rules and guidelines. In...
Read MoreThe General Types of Offshore Company Formation
Various countries jurisdiction allow for diverse types of Company Formation. Be it the Limited Liability Company (LLC) or the International Business Company (IBC), the jurisdiction allow these firms to help boost the financial muscles of their different jurisdictions and citizens. As far as the Offshore Company Formation is concerned, there are different types broadly considered. They are unique...
Read MoreOffshore Company, Shelf Company and IBC Company, what!
The title says it all, this article will quickly explain what the different are between a Offshore Company, Shelf Company and IBC (International Business Company). Offshore Company: A offshore company is simply a company registered in an Offshore Jurisdiction and which is subject to only little to no tax and which has many opportunities to increase profits and for a proper assets...
Read MoreOffshore Experts
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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. […]