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Which countries have no income tax?

An offshore company in countries with no income tax is one of the surest ways to protect your capital.

An offshore account is located abroad, and you will always have easy access to your funds. Confidentiality and security of an offshore account, cost reduction, and taxation are the main advantages of an offshore company.

What is offshore?

Offshores are economically independent zones on the territory of certain states, often the entire state is also offshore. As a rule, they are characterized by a local tax system.

You can register or buy an offshore without the personal presence and confidentially via the Internet, and the package of necessary documents for an offshore company will be delivered to you by courier. In addition, we provide services such as appointing a nominee director and shareholders, so your name will not appear anywhere.

An important advantage of an offshore company is that it is very easy and convenient to transfer money abroad from an offshore account. The economic situation is constantly changing, but offshore is like a reliable anchor that will keep your finances from any fluctuations in the world.

We will help you register an offshore company, purchase a ready-made turnkey offshore company in 1 day, and open an account in any offshore zone without your personal presence.

We have ready offshore companies of any jurisdiction registered in advance. Such a company can be reissued in light of your wishes within an hour.

Our consultants will offer you a choice of offshore zones and will give their recommendations on where it is more profitable to open an offshore based on your goals. You can find a list of offshore companies or call us for more detailed advice.

BVI, Singapore, UAE, Switzerland, Monaco – opening accounts for offshore companies throughout Europe.

Most popular offshore zones :

1. Offshore in the British Virgin Islands (BVI)

As a UK colony with its own government and constitution, BVI is characterized by a well-established offshore business, has a reputation as a popular offshore. The legislation of the country is based on English law.

When registering an offshore, at least 1 shareholder and 1 director (possibly a legal entity) are required, which may be nominal. There are no requirements for accounting and annual report. There is no currency control, any information is not available to third parties.

The deadline for registration of offshore on BVI is 1-2 days plus 3-5 days for the delivery of documents.

The cost of company registration – from $ 1550

2. Offshore in Seychelles

The Republic of Seychelles is an independent republic and one of the leading offshore companies in the market. In this state, the number of banks and insurance companies is constantly growing, thanks to the creation of the Office for International Entrepreneurship and the adoption of certain laws, the registration of offshore companies has been simplified.

To register an offshore company in Seychelles, a minimum of 1 shareholder and 1 director (both individuals and legal entities), which may be nominal, is required. An offshore company is fully exempt from taxation, there are no requirements for accounting and a ready-made report, there is no exchange control, there is no information available to third parties.

The deadline for registration of offshore in Seychelles is 1-2 days, plus 3-5 days for the delivery of documents.

The cost of opening an offshore company – from $ 1100.

3. Offshore Belize

Belize is a stable financial center with constant development, a parliamentary republic headed by Her Majesty Queen Elizabeth 2. The country’s legislation is based on English law.

For offshore in Belize, a minimum of 1 shareholder and 1 director (both individuals and legal entities), possibly nominal, is required. A distinctive feature of Belize is a very high degree of confidentiality. When using a nominee director and shareholder, the true owner cannot be established. Offshore in Belize is completely exempt from any types of reporting and taxes.

The term of registration of offshore in Belize is 3-5 days plus 3-5 days for the delivery of documents.

The cost of opening an offshore in Belize – from $ 1590.

4. Offshore in Dominica

Dominica is a fully independent state on the Caribbean island. At the head of the state is the president, Dominica is a member of the UN. State policy – the transformation of the island to a major international financial center, an offshore center of world scale.

When registering an offshore company in Dominica, a minimum of 1 director and 1 shareholder is required, they can be both physical and legal entities. Offshore in Dominica allows bearer shares and without a nominal declaration. There is no reporting and taxation.

The deadline for registering an offshore company in Dominica is 1-2 days, plus 3-5 days for the delivery of documents.

The cost of opening an offshore in Dominica – from $ 1490.

5. Offshore in the UAE

The United Arab Emirates is a country with the highest standard of living and a major international center in the field of finance. The UAE is aimed at attracting foreign investment, in this country, there are favorable conditions for doing business. But the UAE has huge popularity due to offshore companies. In the emirate of Ras Al Khaimah formed the most attractive offshore zone.

To register an offshore company in the UAE, a minimum of 1 director and 1 shareholder is required (both individuals and legal entities). Full confidentiality is provided, reporting is not required. There are no types of taxes.

The deadline for registration of offshore in the UAE is 3-5 days plus 3-5 days for the delivery of documents.

The cost of opening an offshore in the UAE – from $ 4000

If you have not yet become convinced that you really need an offshore, let us summarize the above.

Advantages of offshore:

  • The minimum taxation.

You can take your profits out of a country with a high level of taxation to a tax-free zone.

When you acquire ownership of an offshore company and moving to another country with no income tax, you significantly save money.

If an offshore company acts as an intermediary in commercial transactions, the taxable base will be significantly reduced.

Yachts and vessels registered offshore are exempt from income taxes from their chartering and other uses.

  • Asset protection

The principle of registering an offshore company, as a rule, corresponds to the basic principles of an LLC, that is, the company is not liable for its assets with its assets.

  • Confidentiality

A distinctive feature of many jurisdictions that we offer is their high level of confidentiality, legally established (for example, Dominica, BVI, Seychelles). According to the legislation of such states, it is almost impossible to obtain information to third parties about the actual owners of the company.

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