Elma Global - second passport and second cititzenship
SECOND CITIZENSHIP, SECOND PASSPORT, DUAL CITIZENSHIP
 
Home | About Elma Global | Contact and Office Location | Guarantees | Media about us | Sitemap



Best Jurisdictions for Offshore Companies

As it was mentioned earlier, Elma Global using its wide network of offshore corporate providers located in the best offshore jurisdictions can provide full services related to incorporation and annual maintenance of offshore companies. Here is a brief summary of the most popular jurisdictions:

Offshore Jurisdiction Benefits and Features
Bahamas The Bahamas IBC legislation is similar to that of the British Virgin Islands (BVI). Offshore companies registered in the Bahamas are tax free and there is no requirement to file annual returns or audited statements. A Bahamas IBC may do business anywhere in the world and there is no requirement for the Director(s) to be resident in the Bahamas.
Belize Highly flexible legislation with quick and efficient service. English speaking with low annual fees. Absolutely tax free. There is no requirement to file annual returns or audited statements.
British Virgin Islands (BVI) International Business Companies in BVI are very popular among the Russian clients. But BVI-companies are recommended for high profile trading companies seeking new clients due to the lack of public registers. A BVI company provides a very cost effective overseas vehicle. This type of company can be used as a holding company or an investment company holding an offshore bank account. There is no requirement to file annual returns or audited statements.
Cyprus This country is offering a network of tax treaties as well as tax advantages. Cyprus is very popular among the Russian entrepreneurs and investors due to the existence on double-taxation avoidance treaty between Russia and Cyprus. Being a member of European Union Cyprus has good reputation is not associated with “offshore” vehicle. It is simply a low-tax jurisdiction. Cyprus is not considered a tax haven by OECD.
Dominica One person needed to incorporate IBC and no required annual meetings. Offshore in Dominica is very good for offshore gaming. There is no requirement to file annual returns or audited statements.
Malta This country offering a network of tax treaties as well as tax advantages. Being a member of European Union, Malta has a good reputation and is not associated with “offshore” vehicle. It is simply a low-tax jurisdiction. Malta is not considered a tax haven by OECD.
Panama Well established financial center with US dollar denominated currency. Panama provides many flexible offshore vehicles. In particular, it allows incorporation of IBC which can be used in conjunction with a Panama foundation. Efficient and cost effective. Absolutely tax free.
Seychelles Probably, the best choice for offshore company incorporation. IBC incorporated in Seychelles are flexible and private as well as has the largest business type in the offshore world today. Absolutely tax free. There is no requirement to file annual returns or audited statements.
United Kingdom A popular offshore jurisdiction due to its Common Law base and relative low cost incorporation fees compared to other European trading nations. A UK company where trading outside the UK can be sheltered from UK taxation when acting in an agency or broker capacity. The UK has now introduced The Limited Liability Partnership (LLP) and whilst having corporate characteristics and legal capacity in its own right, trading income is taxed like a partnership. Therefore if owned by non-UK tax payers and has no source income it falls outside charge to UK tax. The United Kingdom is a member of EU and has good reputation accordingly.

If you wish to use our legal assistance in incorporation and annual maintenance of offshore or low-tax companies (including not only listed in the table above, but also companies in Hong Kong, Jersey, Lichtenstein, Nevis, Singapore, and Switzerland, do not hesitate to contact us today


Pay a special attention to the following publications:
 
 
This material is protected by copyright laws. Free copying in on-line editions is allowed in case of saving the HTML-formatting "as-is" including this copyright.