Why form a
company overseas?
The main reasons are those of speed, ease of formation
and tax advantages. There are also other benefits such as privacy, fewer
restrictions and requirements.
Most of the world's countries will tax a corporate body
at the entity level. Some, like the USA, will tax globally where all the
income earned anywhere in the world is attributed to the domestic
organisation, others, like Hong Kong, will tax that revenue earned within
its borders.
Offshore countries like BVI, Bahamas and Panama have
companies that are exempt and do not have to file any annual financial
statements and are exempt from any income or other tax.
Some countries have tax treaties whereby if one forms a
company in one country and it does trade in another treaty country then it
will be taxed at the rate of the country in which it was formed. Examples
are the Seychelles and India where the tax rate in the Seychelles is 0% and
this rate will apply even if the company trades in India. Similarly a
company formed in Barbados will only pay 5% compared to the normal 40% rate
in Canada.For more information
on forming an overseas company please click on the country of interest below
or call us on +44(0)207 353 9471
