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The States with favourable taxation numbers more than fifty. The One of the main values to registration of companies in jurisdiction with favourable taxation is comparatively low cost of registration - aproximately 1000.00 USD, and approximately as much to maintain legal address every year.
Companies registered in such "tax havens", usualy are a join-stock companies (sometimes partnership) and have the status IBC - InternationalBusinessCompany. They can open accounts in any banks and in any currency without reception of any special permits.
In suppressing majority of jurisdictions offshore companies are not obligated to give the accounting reports to governmental or tax collecting agencies.All of reporting is replaced by annual fixed fees (from $150.00 to $1000.00). Sometimes, amount of annual collections depends on amount of companies capital.
The Name of beneficiary (real) owners of offshore companies is kept in a secret. The Guarantor of confidentiality to this information is law itself about offshore companies, providing criminal punishment for any type of divulgence of information. Only decision of court in the country of registration can oblige offshore company to reveal secret information on personalities of authentic shareholders. Notice that as a result usualuy information on who is the owner can be revealed only by a courts desision and only if it a solid proof of criminal activity is provided (the narcotics, weapon, poisonning material, etc.). In due time of no small importance is the fact that legislation in majority of "tax havans", as it is in Switzerland, is an impossibility of procecution for criminal deals as a result of nonpayment of taxes or customs duty.
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