Malaysia Hotline: +603- 2141 8908
By utilizing an
offshore company, it may be possible to secure a number of advantages.
Trading Companies
An importing or
exporting company might establish itself in an offshore area. The offshore
company would take orders directly from the customer, but have the goods
delivered directly to that customer from the manufacturer or place of purchase.
The profits arising out of the difference between purchase price and sales
price would then be accumulated in either a tax free or low tax area.
Holding Companies
Use may be made of an
offshore holding company which would fund the operation of subsidiaries in
various countries so that the subsidiaries obtain the benefit of tax deductions
on interest paid. If the holding company is situated in an offshore area where
there are no income or corporation taxes and no requirement that dividends must
be paid, then the profits which are accumulated in the tax free climate can be
used to fund the requirement of subsidiaries or reinvested as business
convenience suggests.
Probate and Privacy
A high net worth
individual with properties or other assets in a number of countries may wish to
hold these through the medium of a personal holding company so that upon his
demise probate would be applied for in the country in which his company was
incorporated rather than in each of the countries in which he might hold
assets. This saves legal fees and avoids publicity
Professional Services
Individuals who
receive substantial fees in respect of their professional services in
capacities such as designers, consultants, authors or entertainers, may assign
or contract with an offshore company the right to receive those fees. The
offshore employment company may not have to pay tax on its profits which can be
reinvested in a tax free climate to generate further income from the offshore
company. Payments to the individuals concerned can be structured in such a way
as to minimize their tax liabilities. One example in this regard in respect of
an overseas employment is to increase subsistence expenses as against fees as
such which would be paid to the individual.
Patent, Copyright and Royalty Companies
An offshore company
can purchase or be assigned the right to use a copyright, patent, trademark or
know-how by its original holders with a power to sublicense. Upon acquisition
of the intellectual property right the offshore company can then enter into
agreement with licensees around the world who would be able to exploit the
intellectual property right in various countries.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my