Kamarea Business Solutions
Trident Building
P. O. Box 58184
Limassol
Cyprus
ph: +35797667523
fax: +35799997921
info
Onshore Corporations
An onshore company is a business entity which is formed and managed within the jurisdiction of the hosting country. The legal status determines the obligations of the company towards the country's jurisdiction, such as detailed corporate documentation, obligatory management protocols, auditing and reporting, and tax payments.
The benefits of the onshore jurisdictions include favorable regulation and taxation policies for companies operating outside of the jurisdiction, broad networks of tax treaties, developed business, banking and supporting sectors, and many more.
Most onshore corporations enjoy these benefits only when operating a business outside of the country's jurisdiction.
Offshore Corporations
An offshore company is a business entity which is formed in, but managed outside of the country's jurisdiction. The legal status determines the requirements that the company should conduct within the country's jurisdiction.
Being the preferred corporate structure nowadays, an offshore company offers many advantages, such as limitation of investors' liability, minimization of or exemption from tax, Confidentiality and privacy protection, cost reduction and risk management.
Choice of Jurisdiction
A jurisdiction is chosen based on various criteria, such as common fiscal policies, taxation treaties, fiscal and geopolitical reputation, fiscal or geographic proximity to other jurisdictions and the country's legal system.
Certain jurisdictions offer better protection of assets or property, while others offer lower taxation and simpler incorporation procedures.
It is highly recommended to obtain a professional advice before making a choice, in order to have the optimal choice of jurisdiction and to integrate all business considerations.
Corporate Structuring
Many jurisdictions offer preferred terms to other jurisdictions with which they have mutual taxation treaties. Such terms could include lower withholding taxes for funds transferred between jurisdictions, exemption from tax on dividends, royalties or interest, simplified fiscal policies and the like.
An optimal structure shall reflect the individual or the entity's origin, the destination jurisdiction (where actual business is operated), different holding ratios, the type of business (services, financial, retail, asset holding, etc.), need of peripheral consultancy or management services, and benefit of taxation treaties.
Formation
Formation of a corporation typically requires the following items:
(requirements may vary from one jurisdiction to the other)
Jurisdictions
Europe
Austria
Bulgaria
Cyprus
Hungary
The Netherlands
Romania
Switzerland
United Kingdom
On / Off Shore
Bahamas
Barbados
Belize
British Virgin Islands
Cayman Islands
Gibraltar
Guernsey
Hong Kong
Isle of Man
Jersey
Macau
Malta
Mauritius
New Zealand
Panama
US Virgin Islands
Other Jurisdictions
China
Israel
United States
Copyright 2009 Kamarea Business Solutions. All rights reserved.
Kamarea Business Solutions
Trident Building
P. O. Box 58184
Limassol
Cyprus
ph: +35797667523
fax: +35799997921
info