What is the advantage of having an offshore company?
Offshore Company being domiciled in another country is often insulated from the tax laws of the home country of the owner. It also affords confidentiality since the identity of the owners of offshore companies is never revealed unless there is a suspicion of criminal act or money laundering. Some offshore companies are also immune to local inheritance laws in most countries so it is easy to pass on assets to your descendents. Offshore company is economical to form compared to other forms of companies. Offshore companies are faster to form than most other ways of setting up business. Being international in nature Offshore Company is a very good option to consolidate income from various activities located in different countries all over the world.
Related Questions
- What is the advantage of buying free hold property of EMAAR or Nakheel in the name of Offshore Company in jewel Ali Offshore Free Zone?
- If circumstiances change and I change my mind about the offshore company, can I get at least a partial refund?
- How many shareholders are required to establish an offshore company?
