Malaysia Hotline: +603- 2141 8908
Why incorporate offshore?
1. Low Taxation: Most offshore companies pay no local taxes on the
income derived from offshore operations, i.e. from activities outside of the
jurisdiction of company formation. These offshore companies include Belize IBC,
Seychelles IBC, BVI BC and others. Companies in some on-shore jurisdictions,
where we provide incorporation services as well, also have comparatively low
taxation. For instance, a Hong Kong Company pays no taxes on profits from
operations generated outside of Hong Kong. At the same time, onshore companies
must comply with all relevant filing requirements, which are often costly.
2. Anonymity: Registrars in most offshore jurisdictions do not
disclose information about directors, shareholders and beneficiaries of
offshore IBC companies. Thus, the underlying principal may carry out all
relevant transactions in the name of an offshore company while remaining
anonymous. It is important to note that this applies to legitimate operations
only.
3. Asset protection: In the international business context, it is
usually the laws of the jurisdiction of incorporation that are applied, rather
than those, where the company is being sued. Many offshore jurisdictions are renowned
for their favourable asset protection laws. Complementing an offshore company with
an offshore banking facility protects company’s assets even further.
4. Ease of Reporting: The compliance reporting requirements for
offshore companies are limited, especially in comparison to companies,
registered in onshore jurisdictions. Most offshore IBC companies are not
required to file annual reports and accounts in the jurisdiction of the company
formation. Instead, local authorities charge a flat annual license fee, which
is insignificant in comparison to reporting expenses and taxes in onshore
jurisdictions.
5.
Operating Costs and Fees: With limited
reporting requirements, offshore companies generally have lower maintenance and
operating fees. The cost of compliance, preparation of accounts and auditing in
on-shore countries is often considerable while offshore companies save on these
particular expenses. Registered office fees are also significantly lower than
buying or renting premises in onshore jurisdictions. A virtual office could be
also set up at the registered address of the company to further lower the
effective fees of running one's business.
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