Company formation abroad and an account with a foreign bank

Offshore Jurisdictions (Offshore Zones)

There have been various attempts to define what an offshore is; the most accurate definition can be put as follows: it is a state or part of a state that is not the country of residence of the private individual (the beneficial owner). In addition, the financial sector must be the core economic activity of the territory. It follows that any country can be called an offshore, but the term is most often applied to countries with preferential taxation or countries where no taxes are levied. Different countries have different legislation, and consequently offshore companies have different possibilities. In general, offshores can be characterised by confidentiality, the ability to protect property and tax optimisation. To use these advantages successfully, you need to know the legislation of each jurisdiction.

Offshore Company

A company registered outside the country where it conducts its business and economic activity, whose main purpose is to minimise taxation or to be fully exempt from it. The list of countries regarded as offshore may change as legislation changes.

Offshore Is Used For

Trade, protection of property and real estate, asset management and protection — in general, making it easier to do business.

Offshore Companies Are Used for the Following Purposes

• Investment
• Property registration
• Holding companies
• Banking
• Insurance
• Registration of yachts and aircraft
• International financial transactions
• Protection of property and real estate
• Trading companies
• Business organisation

The right choice of jurisdiction enables you to develop your business more effectively and realise your personal plans. Registering an offshore company can have a significant positive impact on the growth of your business and your lifestyle.