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What is a tax haven and are they legit?

Posted on May 24, 2009 by Peter
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In today’s Internet world the borders have moved closer and conducting business from an offshore haven isn’t any difficult any longer. But many do not even know what a tax haven is or they have just hear the word somewhere discussed.

A tax haven is in its consents just an offshore jurisdiction / offshore country where no Tax or only a small percentage of tax has to be paid by a company on net profits.

Typically for an tax haven in an offshore jurisdiction is that it allow 100% anonymous incorporation of a company and that the possibilities to protect assets and equity are many and secure. A company in an tax haven is also called a offshore company and most common places to incorporate a offshore company are the Seychelles, BVI (British Virgin Islands), Belize, Panama, Curacao, Uruguay and not to be overlooked Cyprus.

With an offshore company duly incorporated in an tax haven you can conduct business in an tax and assets protected convenient way and you don’t need to worry about any creditors or liabilities your company might have. Offshore Companies are very often used by Online businesses and gives the owner of the company an easy and less expansive tool to kick start the business risk free and less expensive and complicated as know in non tax havens.

The business in tax havens and offshore company formation is in an ever changing development therefore it is important that you choice a reliable and trusted offshore company formation agency which both can help you in the registration of the offshore company in an tax haven / offshore jurisdiction like the Seychelles or Cyprus but also has a large network of financial institutions on those places which enables your offshore company to open a bank account and most needed for online businesses a merchant account to accept credit card payments, beside the first mentioned many offshore companies are also good vehicles for foreign Forex exchange trading and stock exchanges.

CCLOGIC LLC has many years of experience in the Offshore company formation in Tax havens and has also a large network with numbers of banks for the opening of bank accounts and several other Acquiring banks and processing partners in regards to accept credit card payments on a website.

Please contact us if you would like to know more about the offshore company formation, the opening of a offshore bank account or if you need a merchant account for your online business, we are always happy to answer any questions.

Posted in Offshore Bank Account, Offshore Company Formation | Tagged Cyprus offshore bank account, offshore banking, offshore company, Offshore Company Formation, open offshore bank account, register company Belize, register company Cyprus, register company Seychelles, register offshore company, Tax haven

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