Why use an offshore company?

[Doc_offshore]

Today more and more people ask them self. Why use an offshore company for my investment and asset protection? It is true that every year a new jurisdiction close down there offshore financial activities because OECD, The private Club made by the US - Europe and a few other countries that think they are entitled to manage the worlds economy, disagree with the way taxation is managed in the jurisdiction. But there is a few jurisdictions that still manage to be offshore havens.

One of them is Seychelles. The last 10 years has been very interesting for this jurisdiction. With more than 10 double taxation agreements signed the new CSL company looks like it could be a winner. With 1,5% tax on profit and requirement to annual reports, these companies can take dividends, royalties etc. from companies in China, Thailand, South Africa and even Cyprus without being riped of by CFC, gain and withholding tax. Seychelles even have SEZ ( Special Economic zones) or Freezones where you can setup companies and do international trading without high taxation and custom.

Another jurisdiction is Norway... Yes Norway or more specific - Svalbard. Svalbard is under norwegian administration but not directly a part of the norwegian kingdom. Accordign the the Svalbard Treaty signed by 48 countries in 1920, in article 8, taxes and duties shall be devoted to the territories and may not exceed what is required for the objects view. http://www.lovdata.no/traktater/text...01.html#map008
For that reason there is no VAT / Salestax on Svalbard and incometax is less than 20%. Corporate tax is 15%. The legal system i based in Norwegian law and the currency is NOK Kroner. Remember Norway do not have foreign debt only a oil-trust worth a few hundred billion US$. Svalbard could be a good palce to secure your assets.


Doc Offshore