Offshore Company Formation & Business Offshore

The term ‘low-tax’ is seldom used in conjunction with any non-offshore European jurisdiction – and yet having a company based and operational from within the European Union is highly desirable for many reasons and for many businesses.  For example, if you deal with clients, distributors, suppliers or resellers in Europe, they will prefer to be billed by or invoice a European company.

This leaves many in the position where they feel they need to bring operations onshore to Europe, but they are wary of the high corporate taxation structure generally in place across the entire EU.  However, did you know that there is one particular and distinctive EU jurisdiction where they have made it their business to remain competitive to international business, in a bid to diversify their economic reliance away from simply tourism for example – we’re talking about Cyprus! 

This means that thanks to our superior contacts at Shelter Offshore and the fact that Cyprus companies pay low rates of business tax, low-tax European company formation is now possible, and you can purchase a company with a guaranteed bank account without even having to set foot on the island or within Europe…

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We’ve just introduced you to the concept of an instant offshore bank account – and I am pretty sure there are those of you who will require significantly more information before you can determine whether this is the right solution for your current requirements.  Therefore, we’ve decided to go into more depth about the package available…

The Seychelles offshore company and guaranteed offshore bank account solution available – either off the shelf and same day, or bespoke according to your naming requirements – is robust and scalable.  What’s more, it’s available from an onshore located specialist in international company formation and bank account establishment, not some dodgy, seedy and probably illegal operation being run from a less than transparent office set up somewhere in the cyber world.

In this article we’ll discuss the simplest package available – and in a subsequent article we’ll go more in depth with the scalability of solutions available to bring in greater flexibility for international trading and increased privacy and security options for example.

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The government in Dubai has stated its intention that the Dubai International Financial Centre become a major regional player in financial markets, and to that end they have been working to ensure regulation is adapted and adopted as required to facilitate those who do business through DIFC.

Dubai is becoming an expat businessperson and investor’s friend as a result, and the latest regulations to have been passed relate specifically to Special Purpose Companies.  The regulations passed allow for a format to exist for the formation of these companies so that Dubai can directly compete with other offshore jurisdictions that allow for the formation of these vehicles.

According to the Sovereign Group, the new regulations allow individuals to create Special Purpose Companies for “facilitating both Islamic and conventional transactions, as well as vessel registrations” for example.  And the real significance of the governmental regulation implementation in our opinion is that it is clearly committed to ensuring that those who are operational through DIFC are completely assisted and facilitated so that the centre becomes a real player.

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