FREQUENTLY ASKED QUESTIONS ABOUT OFFSHORE

Here you can find quick answers on the common offshore issues as well as our service details.

WHAT IS OFFSHORE?

"Offshore" is a term that defines the organizational and legal status of a business entity. As a rule this status relates to the requirement that any business activity should be conducted outside the country of registration. In this case the entity is exempted from all or most of taxes in the country of registration.

Today offshore centres are an accepted financial fact of life, seen as legitimate vehicles through which investors can take advantage of the off-shore option. Private investors, multinational companies, small businesses or high net worth individuals can take advantage of offshore investment as an important part of tax planning.

The following are all important motivations for using offshore jurisdictions: minimization of tax, protection and enhancement of assets, risk management, cost reduction, confidentiality, avoidance of bureaucracy and excessive regulation.