Advantages of Offshore Companies in Tax haven

Advantages of Offshore Companies in Tax haven:

No restrictions on nationality
No requirements to disclose ownership
No restrictions on foreign owned corporations
No restrictions concerning ownership of shares
Shares could be suscribed to the Bearer or By Name
No residence requirements for Directors/Officers
No paid-in capital requirements
No Income Tax is paid or reported if the corporation operate outside the jurisdiction
No exchange controls
No restrictions on Mergers, Acquisitions or Joint Ventures
No requirements to file annual Financial Statements
No requirement to hold annual General Meetings of Shareholders or Directors
Secrecy and Anonymity
Total tax exemption on all and any business activity or transaction carried on outside the jurisdiction
Total business privacy
Registration takes between 10-20 days depending on the jurisdiction and shelf companies are readily available
Reasonable Annual Registration and Resident Agent Fees
The accounting books for the corporation could be kept in any part of the world and in any language
Amendments can be made to the incorporation documents upon the needs of the corporation
Established base of bilingual accountants and lawyers specialized in banking, corporate and trust services
Flexible corporate laws permitting foreign corporations to rotate their domicile or seat between Panama, BVI, Bahamas and other locations.
While not providing any specific legal or tax counsel, nevertheless for some individuals or companies, offshore companies may offer specific tax advantages over other jurisdictions. Any potential client seeking legal or tax advise should consult with their individual legal or tax advisor
Offshore Pro Group