Offshore Company, Banking, Investment and Business Information

What should an Offshore Company Structure look like?

How an offshore company structure should be set up is entirely dependent on the purpose with the structure. An offshore company structure with the purpose to minimize taxes may be completely different from an offshore structure with the purpose to protect assets. There are no standard structure and how it is setup does also depend on the consultant hired to assist and guide the setup. Even though there is no standard structure they often have their similarities. Often the choice of jurisdiction in which to incorporate often differs depending on the nationality and domicile of the ultimate beneficiary at the one ...

OECD Report on “Promoting Transparency and Exchange of Information for Tax Purposes”

OECD (The Organization for Economic Co-operation and Development) with its offices in Paris has only recently published a very interesting report with the title “Promoting Transparency and Exchange of Information for Tax Purposes”. The report was published on the 29th of January this year and contains a thorough account for the work and objectives of OECD regarding exchange of information for tax purposes. The report also contains an account for the progress made the last years and in this part the achievements are quite extraordinary. The following is taken directly from the report (page 13). “Up to the G20 Washington Summit on ...

Monaco’s Position as a Tax and Secrecy Haven

Monaco has since long established itself as a home for the riches. One of the means to achieve this status has been a tax system with almost no taxes in combination with strict secrecy laws. Actually only French nationals pay income tax in Monaco and these taxes are paid directly to the French Government. Other nationals pay no income tax at all in Monaco. However, like many other low-tax jurisdictions, Monaco has been put under international pressure and last year adopted international standards for banking openness and information-sharing. This adoption includes a commitment from Monaco to abide by the ...

Offshore Company – Where to Incorporate?

When considering incorporating an offshore company there are several alternatives with regard to in which jurisdiction the offshore company should be incorporated. Some of the jurisdictions that often are used as the venue for incorporating an offshore company are for example Bermuda, Belize, British Virgin Islands (BVI), Cayman Islands, Mauritius, Cyprus, Malta, Panama etc. Often one will hear or read recommendations about a certain jurisdiction being the "best" one for incorporating an offshore company. The problem is that there is no one 'best' jurisdiction that fits all. The choice of jurisdiction depends completely on the purpose with the creation of the ...

Latest Articles and News

Swiss Banking Secrecy

The Swiss banking secrecy is subject to much discussion at the moment and Switzerland is under strong pressure to change the country’s banking secrecy laws. It is easy to say that Switzerland immediately must change their banking secrecy laws since it only protect criminals around the world. But why does Switzerland have such strong bank secrecy and... [Read more]

…more than 800 000 Companies have been registered in the British Virgin Islands (BVI)?

As of June 2008, 823,502 companies had been registered in the British Virgin Islands as of of which 445,865 were ‘active’. In 2000 KPMG reported in its survey of offshore jurisdictions for the United Kingdom government that over 41% of the world’s offshore companies were formed in the British Virgin Islands. Read More →

…that Cyprus is regarded as having the most attractive tag regime in Europe?

In a survey KPMG interviewed more than 400 tax professionals across Europe. According to the poll Cyprus was regarded as the most attractive tax regime in Europe followed by Ireland, Switzerland and Malta. The least attractive tax regime was that of neighboring Greece. Read More →

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