Advantages of Corporations
- No restrictions on nationality
- No requirements to disclose ownership
- No restrictions on foreign owned corporations
- No restrictions concerning ownership of shares
- No residence requirements for Directors/Officers
- No paid-in capital requirements
- No income tax is paid or reported if the corporation operate outside the jurisdiction
- No exchange controls
- No restrictions on Mergers, Acquisitions or Joint Ventures
- No requirements to file annual Financial Statements
- No requirement to held annual General Meetings of Shareholders or Directors
- Total Secrecy and Anonymity
- Total tax exemption on all and any business activity or transaction carried on outside the jurisdiction
- Total business privacy
- Registration takes between 10-20 days depending on the jurisdiction and “shelf companies” are readily available
- Reasonable Annual Registration Tax and Resident Agent Fees
- Articles of Incorporation may be done in any part of the world in any language
- The accounting books for the corporation could be kept in any part of the world and in any language
- Amendments can be made to the incorporation documents upon the needs of the corporation
- Established base of bilingual accountants and lawyers specialized in banking, corporate and trust services
- Political stability due to constitutional elected government
- Flexible corporate laws permitting foreign corporations to rotate there domicile or seat between Panama, BVI, Seychelles and other locations.
While not providing any specific legal or tax counsel, nevertheless for some individuals or companies, offshore companies may offer specific tax advantages over other jurisdictions. Any potential client seeking legal or tax advise should consult with their individual legal or tax advisor.
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