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Move business wisely. What to consider when choosing offshore jurisdiction?

...table offshore climate often depends on local regulations. Most considered branches are: asset protection legislation, confidentiality conditions, international business functioning rules, investment laws and taxes. Due to this, many worldwide-known offshore jurisdictions became popular: Cyprus, Switzerland, the UAE and other. Considering this point, it is useful to consult with international lawy...

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Business advantages of Belize offshore jurisdiction

...insurance company, online gaming, Belize shipping company and others. Everything is under the law and most types of offshore entrepreneurships are tax exempt. **What are basic advantages of starting a business in Belize?** Like another popular offshore jurisdiction, formation process is fairly simple. Number of directors and shareholders can vary from one to unlimited number. You can also us...

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Pros and cons of Labuan company formation

...th any stages of company set-up in Malaysia. When you are done with all formalities it is easy and tempting, to give most attention to development. However, do not forget to pay annual fee and check whether government has no claims to your business. offshore jurisdiction of Malaysia and specifically Labuan is a great choice for growing business and investors so do not hesitate to start your compan...

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Cayman Islands Securities Investment Business License

The Cayman Islands are located in western Caribbean, and are known as one of the major financial centers in the world. In contrast to classic offshore jurisdiction, Cayman financial services industry is well-regulated thus having very positive reputation among investors.Timeframe: around 6 months Minimum paid up capital: KYD 100,000 (>USD 121,000) Overview The ...

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Belize Forex License

Belize is an economically and financially stable country and is a great place for forex broker companies since it is one of the most known offshore jurisdictions with a well-developed legal framework.Incorporation & obtaining license: 4 months Minimum paid up capital: $100 000 (will be increased to $500 000 in 2018) License fee: USD 25 000.00 License renewal gover...

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Choosing Business Structure for a Singapore Company

Singapore is an offshore jurisdiction that attracts entrepreneurs since the 2000’s. At present, there is a wide choice of corporate structures if you want to form a business in Singapore. Understanding which one is the best for you can mean a lot. We listed the most popular and suitable for business legal forms below to make the choice easier. **Limited liability company** A Limited liabi...

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Cayman Acknowledged as a Top Offshore Financial Center

...e rating and now are not among the most popular offshore destinations. At the same time, the Bahamas and the Cayman Islands are holding on with their places and the Bahamas even moved 22 places up. **GFCI is a ranking that is very important** for offshore jurisdictions. It functions since 2007 and more than 15,000 professional respondents have taken part in the analysis. This is why participati...

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Will Bahamas be Removed from the EU Tax Blacklist?

... of Bahamas to the non-cooperative tax jurisdictions list is premature and as soon as the Prime Minister negotiates removal of the territory from the list, the good name will be restored. Taking into account the above, before starting business in offshore jurisdiction, it is important to check if its provisions correspond with the BEPS minimum standards. This compliance means absence of harmful...

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Seychelles - Mauritius Potential Financial Services Partnership

...It is a competitive economy according to different factors. One of them is Mauritius double tax treaties with developed countries like Germany, United Arab Emirates, the UK, India and many others. This makes Mauritius a prospective partner for other offshore jurisdictions. Both international financial centers of Seychelles and Mauritius will benefit from their collaboration. Moreover, this will...

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How to Relocate Your Business Overseas: Expert Recommendations

...able customer care system. If you do not feel sure and comfortable doing it independently, it might be a convenient decision to choose legal and/or business consultant. Professional assistants are the ones who know all pros and cons of the popular offshore jurisdictions, as well as are ready to make analytics and provide you with a qualified, practical services.

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Why Moving Your Business Offshore Sounds Reasonable

...anama, the British Virgin Islands, Belize or Anguilla. These countries are now gaining popularity and are known for relocation of existing companies to overseas jurisdictions. At the same time, businessmen often decide to start new companies in the offshore jurisdictions to work within the new markets, manage taxes and increase profits. Do not think that offshoring is illegal: professional approa...

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International Monetary Fund Demands Tax Reform from Hong Kong

...ring income to country’s budget. The main recommendation of the IMF is to create new, progressive tax regime, which will include earlier rejected value-added tax, sales tax and other variations. **This will let Hong Kong to remain an innovative offshore jurisdiction** highly rated by the international businesses.

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The New Labuan Tax Regime: Towards the Advancement

... changed and the Governor of the Central Bank of Malaysia mentioned this at the Labuan Industry Annual Dinner. He is aware that now international taxation practices have to grow gradually to correlate with the OECD requirements. Nowadays, respectful offshore jurisdictions are not outlaw or above the law and never try to avoid taxation, do not exploit gaps in the legislation, don’t focus only on ...

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Gibraltar Goes Fintech: Next Destination - Hong Kong

...ists of propositions about Fintech regulations. This is the first step to create special legal acts and start cooperation with other countries in this sector. Business in Gibraltar will be able to use a new distributed ledger technology. For an **offshore jurisdiction**, this ability opens many doors as it will create a new way to store or transfer values belonging to others. A representative o...

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Saint Vincent and the Grenadines Deals with the False Accusations

offshore jurisdictions may be sensitive in the cases of **accusation**. **“Money laundering”** indicating statements often cause reputation loss. Even if the country can manage unfair allegations and protect itself, it can still work out as a critical reception for the prospective investors. In this situation, we can give an indicative example: case of **Saint Vincent and the Grenadines**...

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6 things to consider when going offshore in 2017

*When the day has come and you, as the owner of the business, decided to choose an offshore jurisdiction for your company – the journey has only just begun.* Sometimes starting a new business offshore or moving your existing business to another country can help you grow and develop. OffhoreLicense Ltd knows, that executives are sometimes struggling to choose an offshore jurisdiction because th...

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Why do they always choose Cyprus?

...g tax legislation, Cyprus became a country which is located the nearest from the Europe and, at the same time, has the lowest tax rates, especially for corporate incoming tax. Businesses connected with royalties, finance or trading are choosing this offshore jurisdiction more and more often. Main advantage of such taxation is business having opportunity to reduce operating costs. Lowering taxation...

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What needs to be included in your offshore business plan

...ess requires a different plan and each one of them can be managed effectively. Entrepreneurs are often need a professional consultant. This is why offshore licensing companies exist. Regular person does not have all the required information about offshore jurisdiction and a professional financial analysts or offshore specialists can conduct researches that will allow businessman select the best...

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Why should you invest in offshore business?

...ors can be afraid of others buying shares secondhand, dumping prices or trying to get the biggest piece of a pie. Confidentiality keeps your assets safe and protects your reputation too. What else is a great positive moment for foreign investors? offshore jurisdictions mostly support diversity. If you have made decision on investing, you are able to choose more than one country and more than on...

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How to set up a business on Bahamas?

*When you have already thought about moving your business and choosing jurisdiction you might have come to decision about the Bahamas. This country, officially known as the Commonwealth of the Bahamas, and has all the advantages of an offshore jurisdiction.* For example, tax climate for IBCs is close to perfect. International business is exempt of local taxes, including sales, dividends, corpora...

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Starting offshore business in Vanuatu

*Vanuatu is a popular offshore jurisdiction situated near Australia. Why is this country considered as one of the friendliest locations for starting up the company? We will answer most popular questions about Vanuatu offshore company formation and give you a professional advice.* **What are the benefits of doing business in Vanuatu?** Banking system is one of the most important arguments in ...

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Starting your own business in Saint Vincent and the Grenadines

offshore jurisdiction of St. Vincent and the Grenadines (SVG) is a stable choice for different types of business. This state is a part of an archipelago near North America shores. Earlier, SVG used to be British colony but now it is an independent state. English is one of the main languages in this country and it is a great pro for business. Also, financial state of St. Vincent is pretty constan...

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Fiji Foreign Exchange Dealer License

The Fiji Islands are located in region of Oceania. Company in Fiji is an excellent way for international entrepreneurs to conduct business in one of the world's most rapidly growing economies. In contradistinction to classic offshore jurisdiction, Fiji Islands are having very positive reputation among investors.Timeframe: approximately 3 months Minimum capital requirement by RBF: $24,500...

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Seychelles International Business Company (IBC) Formation

...time for the courier Minimum paid up capital: No minimum capital requirement   Overview Located in the western Indian Ocean northeast of Madagascar the Republic of Seychelles comprises 115 islands and is a popular offshore jurisdiction best known for inexpensive incorporation fees and speed of service. Seychelles IBC,an International Business Company, is the ...

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Quebec Company Formation

...;No minimum capital requirement Overview Covering most of the northern part of the North American continent and with an area larger than that of the United States, Canada is the second largest country in the world. Canada is not an offshore jurisdiction. All companies registered in Canada are considered resident, and their income, received anywhere in the world, is taxable. A ...

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Switzerland Limited Liability Company Formation

...p-level technology, the chemical-pharmaceutical industry as well as to the service sector, which is characterised by a highly developed banking and insurance sector. Switzerland is often regarded as an offshore company location along with many other offshore jurisdictions. However, unlike other “brass plate” jurisdictions it enjoys relatively low tax rates, a reputation for quality and securit...

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