Most of clients using offshore corporations
are one-person or shelf-owned proprietors. Properly
structured offshore incorporation helps personal asset
protection and minimisation of personal liabilities
and risks. As each offshore company is a separate entity,
company liability is not linked to owners' personal
assets. Lawsuit in one company is generally not having
influence with other offshore company with the same
shareholder or owners' personal assets and hence, some
clients may establish 2 or more offshore companies in
order to spread through the risks.
Tax planning and saving is another utmost important
feature of incorporating an offshore company. Properly
structured offshore companies may help the transfer
pricing strategy. Offshore company may acquire capital
assets, patents or copyrights and rent to affiliates
at market rates or franchise globally. Income may be
retained offshore. Doing business with offshore company
at arm length transactions may save tax from a high
tax region or country.
To preserve privacy and reduce financial risks like
weak currency, severe exchange control, political unrest,
incorporation offshore, together with an international
banking facilities, may assist. There are many offshore
countries or areas which are well regulated and politically
stable and free from exchange control.
Family Business protection may be achieved by setting
up an Offshore Trust. Careful and properly planned clauses
within the Trust may restrict the selling of the family
shares in order that the family business can continue
over decades or generations.
Strict secrecy and privacy are one of the great features
for offshore incorporations. Owner(s) may find it useful
for different reasons in accordance to the local rules.
Most offshore companies are not required to disclose
the owners or directors at the public records. The privacy
is keep to maximum.
Low maintenance costs and no statutory requirement to
file Annual Return or Audited Accounts are added features
to go offshore.
You may read more information
on "Why Republic of Marshall Islands Corporation".
Our aim is to provide a comprehensive service to our
clients in offshore operations. If you find above helpful,
please free to contact us.