General Knowledge About Offshore Companies


What are the advantages of using an offshore company?

The main advantages are: (a) total absence or minimum levels of taxation; (b) confidentiality, due to no sensitive personal information available on public file; (c) corporate flexibility: no paid-up capital requirements, no requirement to state operational objects, minimum conditions on directors and shareholders, fast incorporation, etc; (d) ease of management – shareholders' meetings can be held anywhere, including by electronic means, flexible decision making process (e) minimum reporting – no audits, no tax reports, no financial information for public file. All in all – a lean, mean international business machine…