Registration of companies



Foreign companies attractive in terms of tax planning can be divided into two main groups:

1. Classic offshore companies. Companies, which are not liable to taxes.

  • A company must pay fixed annual fees;
  • Companies are exempted from tax provided that they do not conduct their business on the territory of the country of registration; management accounting is not mandatory.

Examples: Seychelles, Belize, British Virgin Islands (BVI)

 

2. Low tax jurisdictions. Companies are liable to taxes

  • Companies are highly prestigious in the international community;
  • Companies can benefit from the application of double taxation treaties;
  • Management accounting is mandatory.

 

Examples: UK, Ireland, Denmark, Hong Kong, Cyprus.

Under certain conditions these companies can be used in tax-free (low-tax) regime.