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LOWTAX OFFSHORE

Where should I setup an offshore company?


Topic: Lowtax.net General

Where should I setup an offshore company?
I sell software on the internet. My customers are all round the world. I am UK based at present, but I would like to move overseas.

Which country should I setup an offshore company in? I have considered a GBC2 company in Mauritius but can anyone recommend another country?

Many thanks in advance. James
 
Reply | Start New Thread

REPLY: I see no point to incorporate in Mtius. If you need cheaper and more safe solutions please send an e-mail to info@corimar.com. Ariel Hartung - Advisor 

REPLY: Mauritius is very good...contact me via the website Targetto 

REPLY: Hi, You may wih to consider Belize as an ideal locationf or your offshore company. Belize offers complete confidentiality, low taxes of USD100 per annum andhas an ability to trade globally without restriction. Please feel free to contact us for further information on enquiries@turnerlittle.com or via our web site at www.turnerlittle.com Advisor - Turner Little 

REPLY: Hi James
Why not visit our site (www.companiesexpress.com) to see the various jurisdictions we incorporate companies in and contact us for more information. Ryan
 

REPLY: Mauritius is the ideal country to set up your business .Contact me at ryan.allas@accamail.com for further advice Ryan 

REPLY: Hi James, please do consider Dubai (zero tax) or Cyprus (lowest corporate tax rate EU member state). Both English speaking and perfectly suitable for your business. Freemont Group 

REPLY: Why do you want to move offshore at all. You can archive a lot within the EU. Drop me an email on malta@verdungroup.com or visit our website www.verdundgroup.com A Hilton  

REPLY: Definatly Dubai

Contact info@uae-eu.com or see www.uae-eu.com
 

REPLY: Hi James, Visit our website www.cattechnologies.com. And feel free to contact me on syedcat@cattechnologies.com. Syed 

REPLY: Hi

I can certainly help you with your needs re:incorporating a GBC 2 in Mauritius .We are established in the UK and have been in the international tax field for the past 20 years.
Please call me on 0207-3903912
Y.Samee
Gordon Leighton Samee
 

REPLY: Hi James

Contact Europe Emirates Consultancy info@uae-eu.com
 

REPLY: Have you considered UAE, have a look at www.uae-eu.com if this is not suitable see our other 105 jurisdictions or send me an email on info@uae-eu.com for a personalised tax efficient soloution.
Regards
Adrian
 

REPLY: Amiable post and this mail helped me alot in my college assignement. Thanks you as your information. WP Themes 

REPLY: Dear Sir,

Choosing the ideal location depends from many circumstances, basically from tax exposure to cosmetic appearance. Your client base also needs to be mapped in order to avoid having a company from which invoices are not accepted by your customers.

We would be gladly available for a free consultation in email or Skype, we are a law office based in Budapest specialized to international structures and tax planning. Our communication is protected by attorney-client privilege.

Please contact us on drtoth@drtoth.eu for further information.

Kind regards,
Dr. Zoltan K. Toth
 

REPLY: Dear Sirs

After reading your post on Lowtax.com please note that from our 92 Jurisdictions which we service the most appropriate in your particular case is UAE as it address your particular concerns. Please note that the recommendation is based on the information at hand however once we further progress there is a possibility that the recommended jurisdiction may need to be changed to address your particular needs.

We are able to offer complete corporate services in all Jurisdictions directly via our own offices.

There are 27 Free zones available in UAE and within these aprox 20 different structures that may be used, therefore we have 540 options available as a starting point and then these need to be adapted to the needs of the customer in relation to their specific requirements for employees, operating areas and licences. However there is also the normal IBC structure in which we are able to deliver in aprox 3 working days.


The jurisdiction offer spectacular value especially when coupled to multi jurisdictional structures or trusts. Additionally we are able to structure your online multicurrency bank account without the need to visit.

Please see our website www.uae-eu.com for more information on our Company and products.

In order to download our UAE Corporate Offshore Brochure please visit
http://www.uae-eu.com/pdf/rak_offshorebrochure.pdf


I look forward to hearing from you, should you wish to take the matter further please send me an email to adrian@uae-eu.com for a free no obligation initial consultancy.

Regards
Adrian
 

REPLY: I think India will be the best option.
If you want more info mail me rohit.bangalore2010@gmail.com rohit
 

REPLY: James - what is Overseas for you? And how far do you want to move away from the UK?

If you come to Malta as a non domiciled resident, you can have a company structure that offers 5% tax after refund, a flat tax of 15% for yourself on a remittance basis. All in all very favourable conditions.

You will remain in Europe with all associated rights. These days offshore companies create problems. In some cases invoices are not accepted by the authorities. Trust in your product might be lower.

Malta has also an excellent IT infrastructure and if you do need any staff for support, you have a great availibility of language speakers readily available.

info(at)eu-hub.com www.eu-hub.com Eu-Hub Malta Limited A Hilton
 

REPLY: You can also consider Seychelles. But need to be careful to leave management and control to the service provider in order not to become tax liable.

if you want to know more contact me - sanjeev@premier.mu

Thanks Sanjeev
 

REPLY: I would suggest Belize as an ideal jurisdiction. Again ownership and control is vital to it working for you although we can help with the incorporation of a Belize Company, incorporation of a Trust, provision of a Nominee Director and the arrangement of suitable offshore corporate banking. Visit us at www.emanuelrivera.com for further details. emanuelrivera.com 

REPLY: Dear James,


The CFC rules in the UK (Controlled Foreign Corporation) are clear, as you may read here, the section 749(5) of the Income and Corporation Taxes Act 1988:
http://tinyurl.com/yyqen4a

So as long as you are a UK resident, all the suggestions you've got in the above posts are void & unappropriate if you are the shareholder of any non-EU company.

We can provide a suggestion of :
1. the structure
2. the trading method
3. the appropriate jurisdiction
for what you want to achieve, against a small fee of 100 GBP.

The facts that:
- you will move overseas is irrelevant (as per section 749(6)) ;
- you are selling software (intagible property) is the only key which you can rely your structure on.


www.prominee.com
5 years of experience.
 

REPLY: As you are UK citizen, you would most easily use UK based banking and merchant account services. Keep that in mind.

And as you are moving outside of UK, let me assume that you can take a residency in some almost tax-free country such as Malta, or that you can take a residency in a country where dividends are not taxed at all, and you receive income from your company in the form of dividends (you declare it as such).

Under the above conditions, you do not need to use an offshore company.

As non-UK resident, you could use a special company, Scottish Limited Partnership, which would allow you to easier and still use UK based banking and merchant services. In the same time you would not need to pay any tax on income which is not UK sourced income.

You would not need to report any income which is not sourced from UK.

As non-UK resident, you would not be liable any more for UK personal tax.

And if there is no UK income at all, you would not file any partnership report at all.

Do not mistake it, I am speaking about Limited Partnership, not a LLP.

Even the Limited Partnership can be setup with complete limited liability, by using an additional offshore company as a General Partner. However, if your business is not as risky, you can directly use the Limited Partnership and receive all the income as a General Partner. Our passive company can be provided as passive limited partner with no rights to any income, or you can setup a separate company.

For any questions regarding Scottish Limited Partnerships, contact THETABIZ S.A.:
http://thetabiz.tel Mr. Jean Louis, THETABIZ S.A.
 

REPLY: James,
You should consider the Seychelles with its fast and cost efective International Business Companies IBC, which allows you total control, annual fees are fixed for life, lowest Govermental fees, good banking,. Check out our website applebyglobal.com and go for teh Seychelles office and see the global services we offer.
 

REPLY: Dear James,

I would suggest you to have your company in UAE, you may contact www.rakca.com to help you on it. Imran
 

REPLY: Hello James,
The best country i suppose Lebanon where the lebanese people are multilanguages( English, French, Arabic , Italian ...)
Lebaneses people cover all the Gulf area & Africa and they are willing to travel . you can contact me on : Charles.maroun@yahoo.com Charles
 

REPLY: @ Charles: I would be very courious about anything substantial Lebanon has to offer besides people that are multilingual and like to travel.

How reliable is the legislation in Lebanon? How secure is the banking system?
Political Stability?

 

REPLY: One comment by www.prominee.com regarding the inappropriate nature of some of the suggestions contained within this post seems to be looking at the case with an extremely simplistic view. It is obvious that the posts herein are basic due to the medium by which the discussion is carried out and that in subsequent discussion directly with the client the full details of any structure would be imparted to them. Naturally anyone who understands the benefits of offshore structures also understands that residential locations of owners and controllers is vital to the effectiveness of the package that you choose and clearly any of the contributors to this post will recommend that their client use appropriately incorporated 'ownership and control' vehicles to create a structure which does work for them despite residency within the UK. Whether the product is tangible or intangible is irrelevant.

Offshore Company Incorporations - worldwide at www.turnerlittle.com or contact us by email to james@turnerlittle.com Turner Little - www.turnerlittle.com
 

REPLY: yes the answer is uae email on info@uae-eu.com  

REPLY: hi james. your best bet to set up offshore is malta where u can set up an onshore/offshore company. maximum tax payable 5% and with some good counselling, it will also be less. malta has one of the safest internationally recognised onshore/offshore legislation, including trust account and all, plus some of the finest weather when visiting....if interested, please contact me on fcamilleri@intertecnica.com.mt mob.356.99492643 or skype me : fcamilleri Frank Camilleri  

REPLY: hi james. your best place will be malta where u find one of the best well regulated internationally recognised onshore/offshore legislation. By setting up an onshore company maximum tax payable is 5% and with a little good counselling it can even be less.Trust accounts and trust companies will take care of your personal tax liabilities. if interested please contact me on fcamilleri@intertecnica.com.mt, mobile 35699492643 or skype me on : fcamilleri Frank Camilleri - Consultant 

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