What is an off-shore company
The term «off-shore» company refers to a company which has been incorporated in a country other than that of domicile or a company which has been incorporated in an off-shore financial center.
Potential benefits of off-shore companies
Nowadays, off-shore companies are particularly popular due to their numerous benefits compared to the so-called on-shore companies, such as:
- protection from lawsuits (since a company is a separate legal entity from its shareholders)
- privacy and confidentiality
- asset protection due to strict provisions for allowing courts to pierce the corporate veil
- simplicity in setting up and maintaining off-shore companies and
- minimizing taxation
Our Law Firm offers full legal services regarding company formation and registration in any preferable jurisdiction, such as Cyprus, Andora, Antigua, Malta, Barbuda, Cayman Islands, British Virgin Islands, Monaco, Isle of Man, Luxembourg, Guernsey, Samoa, Belize, Bahamas, Seychelles, Gibraltar, Panama, Liberia, Singapore, Bermuda, Panama, Vanuatu, Dominica and more.
Our corporate department offers professional assistance regarding the lenient corporate tax regimes of these off-shore centers. Tax heavens around the world provide for different corporate vehicles through which companies can operate abroad while taking advantage of the favorable low or zero tax regimes of some jurisdictions. Eliminating the company’s tax burden is a crucial factor when deciding to go off-shore.
Additionally our Firm offers professional advice in relation to the Double Taxation Agreements that exist between different countries in order to facilitate tax planning. Such Tax Treaties can operate to reduce withholding rates on dividends, royalties and interest. Legal advice can be of considerable importance regarding the key countries that offer access to these Treaties.