If you are in international business an OFFSHORE COMPANY AND OFFSHORE BANK ACCOUNT can help you legally reduce the total tax you pay. If you are exporting, your local company invoices the offshore company for an amount to cover production costs, so that the profits in your local company are zero (and in consequence there are no taxes on the profits). The offshore company invoices your customer for the agreed amount. The offshore company has the profit, but offshore there are no taxes on profits. An importing company enjoys similar advantages using an offshore company as an intermediary. Why are there no taxes in offshore jurisdictions? Such jurisdictions are mostly islands (Cayman Islands, British Virgin Islands, Seychelles etc.) and in these places, the governments fix corporation tax and income tax at zero. This attracts businesses and also banks, and in turn gives employment to the island natives. In fact offshore locations generally have a high standard of living and almost zero unemployment. An Offshore Financial Centre has no bureaucracy in obtaining US Dollars, Euros, etc. All bank accounts are in these international currencies. For more information contact us through Facebook, or by e-mail to offshore@eurotrackeurope, or see our web site offshore.eurotrackeurope
Posted on: Wed, 03 Sep 2014 02:13:41 +0000
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