Benefits & Features of Professional Service Companies
This company is designed mainly for expatriates providing professional services or consultancy services.
The company is tax exempt, and hence adequate for repatriation of funds back to the beneficial owners’ country of residence. The net effect is taxation in only one state that is domicile of residence. Some countries exempt the income after being non-resident for a number of years. (for e.g. UK if non-resident for more than 5 years). It is a limited liability company, which has as its name says limited liability. Ownership is confidential.
- Persons providing international services and consultancy
- Professionals looking for asset protection against potential liabilities
- Protects assets against creditor
- Can help reduce the taxable estate of the beneficial owner
- Easy and less tax on repatriation
- Avoidance of double taxation
- Confidential vehicle
Only in resident state of beneficiaries.