| This company is used for asset management and property holding. These properties can be immoveable ones such as a house, apartment, yacht, ship etc and moveable ones such as shares, bonds, rights, etc
Main Features
The company is exempted from taxation and in a jurisdiction where there is no capital gains tax. It is a limited liability company, which has as its name says with limited liability. Ownership is confidential. Sale of a property for example, can only mean the sale of the company, which automatically avoids the element of transfer tax in the country where the property is situated.
Who is it for?
- Property Holding
- Asset management
- Businessman looking for asset protection against potential liabilities
Benefits
- No Capital Gains Tax
- No tax on income (rental, capital, etc)
- Avoidance of double taxation
- Confidential vehicle
- Can avoid transfer tax in country where property is held
Proposed Vehicle
- Mauritius GBC II
- Seychelles IBC
- British Virgin Islands IBC
- Belize IBC
- Mauritius GBC I
- Seychelles CSL
Taxation
- Only in resident state of beneficiaries
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