First of all, at least you must to know how corporations are
different entities separate of your own business your own
finance and of course your own duties. If you don't handle
these concepts please access to our bookOffshore Business for Beginners
in pdf
Also
knew as International Business Corporations, Offshore
Corporations such as Trusts and Private Foundations have been
used basically for the same reason identity and assets
protection, also well knew for tax minimization purposes, estate
planning, etc. (See
Advantages). Why do we prefer call them International
Business Corporations than Offshore Corporations? because
International Business Corporation refers better the fact of
running business beyond boundaries, you can conduct business
around the world under a favorable tax regime. whether you have
been extended your business, you are making expenses to catch
overseas customers , you are traveling to promote, you are
offering your product and services or you are participating in
licitation and bidding. Usually in a low tax jurisdiction you
are not compelled to pay taxes for foreign incomes.
For business purposes you are a world citizen there is no need
to pay income taxes if you are conducting business in different
countries than yours. See
comparative graphic.
One of the keys of the offshore strategy is blending different
offshore jurisdiction, for example incorporate a company in
Panama and a Bank Account in Belize. Incorporate a company in
Costa Rica and a company in Bahamas holds the shares.
If you need further information, please
contact us.