International trading


Import and export transactions can be greatly facilitated by the use of offshore companies. The use of an offshore company between a seller and a buyer of products or services in different countries can allow profits on the transaction to be accumulated offshore.

 

 

Investment Companies


An offshore company is often used to make investments and accumulate wealth offshore. In most jurisdictions 'withholding tax' is levied on income remitted out of the jurisdiction, but the careful use of double tax treaties can reduce or even eliminate tax on the investment income. The use of an offshore company also provides privacy for the ultimate beneficial owner.

 

 

Property Owning Companies


Owning overseas property through an offshore company gives several advantages.

   -  Possible to avoid inheritance tax, capital gains tax and death duties.

 

   -  The process of sale is simplified.

 

   -  Sale by share transfer saves legal fees and transfer and value added taxes

      levied by certain countries. Government stamp duties and capital gains

      taxes can be avoided. Exchange control delays can be avoided.

 

   -  Provides privacy for the ultimate beneficial owner of the property.

 

 

Probate


Ownership of a portfolio of investments, properties or other assets though a single offshore holding company can simplify probate procedures upon the owner's death. Probate can be applied for in the offshore jurisdiction rather than in several different countries where the assets are located. Legal fees are reduced and publicity may be avoided.

 

 

Consultancy and Services


Consultants and those providing services such as musicians and entertainers often receive much of their income from overseas. This income can be remitted to an offshore company which in turn employs the consultant and pays over a modest amount for expenses whilst retaining the bulk of the money offshore.

Employment overseas is often facilitated by the use of an offshore employment company. This can either employ an individual or a group of individuals working overseas.

 

Ship and Yacht Ownership


It is often advantageous to own a vessel in an offshore location. It can also provide an easy registration procedure for yachts which in certain countries can only register on the major national register with onerous compliance requirements. A separate offshore company may be formed to operate or charter the vessel.

 

 

Intellectual Property


Patents, copyrights, trade marks, franchises and other rights such as those in music, computer software and technical know-how can all be transferred into the ownership of a licensing company, which may be offshore or onshore. License or franchise agreements are made by the offshore company, and royalty payments and license fees are received by the company.

Withholding tax will normally be payable on distributions from the licensing company, but the effects can be minimized by the use of double tax treaties.

 

 

Inheritance Tax Protection


Ownership of assets through an offshore company can often eliminate liability in the owner's own country to inheritance tax and death duties.

 

 

Asset Protection


A Trust can be established whereby the Settlor, having handed over his assets to the Trustees, no longer owns these assets so they cannot be seized in cases of insolvency, marital proceedings or professional negligence. Trusts are excellent asset protection vehicles and are thus valuable devices in times of political and economic instability.

 

 

Family Wealth Protection


Trusts are often used to protect the continuity of family wealth by imposing conditions on the use and distribution of the moneys on present and future generations. Trusts can be used legitimately to avoid 'forced heirship' provisions affecting inheritance. Inheritance, capital gains and income taxes can all be minimized in this way.

 

 

 

The advantages of going offshore
All About Offshore (Seychelles) Limited

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• IBC Formation
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• Resident Company DTA Access
• Limited Partnerships
• Protected Cell Companies
• Shipping & Yacht Registration
• Multiple Jurisdictions
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