Archive for the 'Starting in Business' Category

How to Use an IBC/Offshore Company

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 [...]

SIZE DOES NOT MATTER: Small business can enjoy the same tax planning as big business

Posted on August 21 2009 by Admin Manager

UK individuals who do not declare income that is held in foreign bank accounts are breaking the law. Her Majesty’s Government recently paid £100,000 for information about Liechtenstein bank accounts held by UK individuals.
However, the same does not necessarily apply to UK companies:  Some of the UK’s biggest companies use complex and secretive but perfectly [...]