A properly structured offshore company is a tax efficient corporate vehicle through which international business can be conducted. The advantages for individuals and corporations to utilise offshore planning and offshore companies include to:
- Minimise international tax
- Protect global assets
- Manage risk
- Maintain privacy and confidentiality
- Avoid bureaucracy
- Reduce costs
- Enhance assets
- Offshore company is popular for the following businesses:
- An import and export company or an international trading company
- Intellectual property developer
- Independent consultants and contractors
- Investment portfolios, Wealth Management and property owning companies
- Holding companies