Selecting a jurisdiction (“offshore zone”) for company incorporation is a crucial aspect of international tax planning, requiring analysis of multiple factors related both to the company registration itself and the subsequent opening of a bank account.
Zero tax on foreign income and no financial reporting requirements. Ideal for establishing trusts and foundations aimed at asset protection.
No corporate income taxes and strict confidentiality laws. A robust legal framework ensures asset protection and international recognition.
Only local income is taxed; foreign profits are exempt. A developed banking system and stable economy make Panama ideal for international business.
Zero taxation and no foreign exchange controls. Transparent legislation and financial stability attract investors globally.
Saint Vincent and the Grenadines
Key Features of Classic Offshore Companies
- Offshore companies are exempt from taxation provided their business operations occur outside the jurisdiction of incorporation.
- Financial statements are generally not submitted to state authorities (although now most offshore jurisdictions require companies to maintain and keep accounting records).
- Companies are required to pay a fixed annual fee.
What is an Offshore Zone?
An offshore zone is a country (or part thereof) offering favourable or zero-tax regimes for specific types of companies. Classic offshore jurisdictions traditionally provided confidentiality regarding beneficial owners, directors, and shareholders. However, recent years have seen a notable trend towards increased transparency, including additional requirements for reporting and record-keeping.
An offshore entity is a legal entity established in a jurisdiction with a favourable tax regime designed for international economic activities, where operations and income are usually tax-exempt within the place of incorporation.
Low-Tax Jurisdictions
Low-tax jurisdictions and onshore countries enjoy high international reputation, are typically not considered offshore, but may provide tax-efficient regimes under certain conditions. Companies in these jurisdictions must maintain proper accounting, submit tax returns, and sometimes undergo audits.
Other Jurisdictions
Onshore jurisdictions are countries with regular or high taxation. They are widely utilised in international tax planning, particularly for agency structures, holding company arrangements, and double taxation treaty applications.
Company Formation in Europe
Other Regions
Fast Offshore Company Incorporation
We work directly with authorised agents in most offshore and low-tax jurisdictions, enabling quick and advantageous company formation. The jurisdictions we offer have been carefully selected according to numerous criteria.
The incorporation documents for offshore companies are prepared by qualified legal professionals in full compliance with local legislation. Our documentation package is comprehensive enough for operational activities and bank account opening in most banks.
Company registration typically takes a few days, while preparing the full set of incorporation documents averages 2–3 weeks. In some cases, acquiring a ready-made offshore company is possible, with document finalisation achievable in the shortest timeframes.