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 MoreBahamas Company Formation Requirements
Bahamas company formation has grown in the recent past due to the introduction of the new Company’s Act of 1992. However, for any investor, who wants to be incorporated in the Bahamas company formation, is required to produce a memorandum of association. The new company act dictates that the memorandum of association is supposed to be filed in the office of the registrar general. Another...
Read MoreConstitution of Companies in Bahamas Company Formation
There are certain laws that have been put in place in the Bahamas to make sure the Bahamas Company Formation process goes smoothly. According to the law on Bahamas Company Formation, two or more people can be involved in the incorporation process. This is done when the persons subscribe to a memorandum. This process can only be carried out by a licensed bank of trust company. A company can only...
Read MoreBahamas Company Formation Targets Foreign Investments
The Bahamas Company formation procedures have been designed with a particular focus on foreign investments. The state has uniquely designed products geared towards attracting more foreign capital. The state has an array of massive tax exemption offers that run from corporate to personal and sales, estate or inheritance tax waivers, all aimed at promoting investments. The presence of an Industries...
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. […]