There is no magic or mystery surrounding offshore companies.
This may sound simplistic, but an offshore company is essentially the same as any other company. Thus an offshore company can carry out the same types of business as companies incorporated in onshore areas and like other companies the liability of its shareholders is generally limited to the amount of capital they have put in to the company.
The major difference between an onshore company and an offshore company is that the rate of tax applied by the government in the jurisdiction in which an offshore company is incorporated is either very low or zero. Additionally some offshore companies are easier to administer and more confidential than onshore companies.
In general the formation of an offshore company is simple – we do this for you! What really requires thought is management and administration, thus we strongly encourage our clients to consider the administration and management of an offshore company from the inception of their plans.
A common misconception is that a company must be administered in its place of incorporation. This is not the case and it is often beneficial to have, for example, a company incorporated in the Seychelles administered in Mauritius.
We set up Global Business Companies in Mauritius and International Business Companies in the Seychelles, British Virgin Islands, Anguilla and Belize. They are flexible business entities operating exclusively offshore requiring an acceptable level of compliance. Additionally we regularly supply USA LLC’s, Hong Kong, Singapore and many other companies in various jurisdictions around the world.
Mauritius has a useful and expanding network of double taxation treaties. The first International Financial Services Centre within the Indian Ocean Rim, it offers a combination of a low tax environment and a series of advantageous double taxation agreements. These companies benefit from an advantageous tax regime and correctly structured, managed and administered companies may access Mauritius’ extensive double tax treaty network.