Posted on October 11 2009 by Admin Manager
Trading conditions are hard and looming increases in business and personal taxes will make conditions even harder. Business is rushing to move profits offshore and reduce taxes; legally and properly; and there’s not much the Revenue can do about it!
UK companies are looking for legitimate solutions that enable them to remain profitable by reducing their [...]
Posted on August 22 2009 by Admin Manager
An IBC/off-shore company is a company that is set up in another country (jurisdiction) outside of where it carries on its main activities or operations, and it can have its bank accounts in another country outside of where it is set up. Set up is simple, straightforward and can be inexpensive.
Example:
Jurisdiction Belize
Operations country UK
Bank account [...]
Posted on August 21 2009 by Admin Manager
An offshore company is a perfect way of reducing taxes.
1:- In the following case study a UK based company ‘UK Importer Co’ (an electrical goods imported and re-seller) is buying 1,000 TVs at £100 each, directly from China and selling to consumers in the UK at £200 each, thus making a profit of £100,000. The [...]
Posted on August 21 2009 by Admin Manager
•A Cyprus Holding company is a legal entity that can be used by investors to own properties or make investments; anywhere.
•The functions of Holding companies cab be:
Receiving dividends, interest or royaltie–
Making investments in other companies (holding shares in subsidiary or associated undertakings)–
To finance investment undertakings by supplying the companies that they [...]
Posted on August 21 2009 by Admin Manager
•An IBC (international Business company) is a legal entity owned by foreigners, registered in Cyprus but having operations and deriving it’s income outside Cyprus.
•An IBC can have a Cyprus office in order to manage operations.
•If the Shareholder is an EU resident then the IBC can conduct operations in Cyprus.
•The Beneficial Owner remains [...]