Offshore Companies
By definition an Offshore Company is an entity formed or incorporated outside the place of operations, or one´s country of residence. This type of companies are usually formed in popular jurisdictions known as tax havens. Offshore companies provide a number advantages, unlike other types of entities, for example:
- Privacy: transactions, bank accounts, general business are done under the companies name, without revealing the beneficial owner´s identity.
- Asset protection: the assets owned by the offshore company are protected from debtors, etc.
- Tax savings: depending on the jurisdiction of incorporation, offshore companies are very useful tool in tax planning.
- Flexible business laws: which also depends on the jurisdiction, as an offshore company the legislation that applies is different from that applies to onshore entities.
- Lawsuit protection: by owning assets under an offshore company, they are protected from legal proceedings, such as lawsuits, divorces, etc.
- Confidentiality: in some jurisdictions even the directors identity remains confidential, and not reveal to the public.
Offshore companies offer much more financial privacy than domestic entities, such as corporations, Limited Liability Companies or an IBC.Some of the most popular jurisdictions to incorporate offshore companies are:
- BVI
- Belize
- Panama
- Nevis
- Bahamas(Bahamas Offshore Companies)
- Samoa(Samoas Offshore Companies)
- Panama ( general information about Panama, Off-shore Panama tax Exempt Companies)
- Anguilla (Details of Anguillan off-shore companies)
- Antigua (Details of Antigua off-shore companies)
- Belize (Details of Belize off-shore companies)
- BVI (Details of BVI off-shore companies)
- Costa Rica (Details of Costa Rica off-shore companies)
- Dominica (Details of Dominica off-shore companies)
- Nevis (Details of Nevis off-shore companies)
- Panama (Details of Panama off-shore companies)
- Seychelles (Details of Seychelles off-shore companies)
- Saint Vincent (Details of Saint Vincent off-shore companies)
- Cook Islands (Details of Cook Islands off-shore companies)

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