An Offshore Company offers numerous benefits to an existing business
or to an individual on a multitude of levels. Overseas company formation
can provide a wealth of benefits: offshore asset protection,
confidentiality, enhanced privacy, tax savings or simply growing your
business outside of the UK / EU / US. There are, however, a number of
pitfalls to bear in mind and choosing the right jurisdiction / offshore
financial centre in which to form your company(ies) is critical. The
offshore location must suit you and your needs analysis, so careful
consideration and advice is paramount.
Incorporating offshore
means that you will have to deal with a number of offshore operating
formalities associated with each type of jurisdiction and will result in
the need to select a jurisdiction / tax haven / offshore financial
centre. Each jurisdiction has a slightly different value proposition for
international clientele and the benefits vary greatly, however they can
vary depending on the costs of offshore company incorporation and the
offshore company incorporation process involved. The common benefits
include:
|
Conducting
business and undertaking banking transactions in the name of a legal
entity, such as an offshore corporation, provides significant privacy
and confidentiality benefits. The names of the officers, directors and
shareholders can be excluded from the offshore company's documentation
in many jurisdictions - The Caribbean and Belize, for example.
However, with the world-wide drive to eliminate terrorism funds and
reduce the harbouring of the proceeds of criminal activities, there is
anti money-laundering legislation that will permits professionals
reviewing offshore structures. Most offshore financial centres will not
divulge the names involved in the offshore corporations, specifically
the owners’ names, to a third party or foreign government. That is,
unless an act of criminal atrocity or terrorism has taken place and is
being investigated.
The
placing of assets into offshore corporations and overseas legal
structures can provide a strong layer of protection from future
liabilities. “Own nothing, control everything” is the mantra and
game-plan of some of the wealthiest and most legally shielded
individuals on the planet. By having trusts, investments or bank
accounts and other assets owned by your offshore corporation makes
tracking them down via an asset search terribly difficult. Offshore
companies provide highly effective asset protection and effectively
screen your finances from public view.
If
a legal opponent is pursuing a legal action against you, it typically
involves an asset search to make sure there will be money to pay out,
were a judgment to be awarded against you. If assets are in an
individual's name, they are terribly easy to locate in an asset search.
Forming offshore companies and having assets held by the overseas
company means they are no longer associated with your name. Therefore
your assets can be effectively shielded from legal opponents, judges
and court rulings simply by incorporating offshore.
An
additional offshore company benefit is simplicity and ease of
operation. Most overseas jurisdictions make it simple for anyone who is
interested in incorporating as they appreciate that time is,
literally, money. The statutory obligations in the running of the
offshore entity have been made simple, too.
For more information contact:
Phone: (507) 6070-0244
Mail: info@arrochapanama.net
Web: www.arrochapanama.net
Facebook: arrocha.panama
Twitter: @arrochapma
Mail: info@arrochapanama.net
Web: www.arrochapanama.net
Facebook: arrocha.panama
Twitter: @arrochapma