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GIBRALTAR COMPANIES •
BRITISH VIRGIN ISLANDS COMPANIES
DELAWARE COMPANIES •
OTHER JURISDICTIONS
INCORPORATION PROCEDURES
OFFSHORE COMPANY FORMATIONS
Our firm mainly incorporate companies from Gibraltar, the British Virgin Islands and Delaware. We can advise which jurisdiction will be best depending on the purposes of the company.
Main Uses & Advantages of Offshore Companies
- Holding banks accounts, funds, stocks and shares and other investments in company accounts (Tax-Free Investment Companies) in since the capital invested and the interest earned will not be subject to tax.
- Owning a yacht or ship in the name of a company (Yacht & Ship Owning Companies) so that any profits earned from trading or chartering are not subject to tax (Yacht & Ship Registration).
- Buying property in the name of a company or being the shareholder of a property owning company (Property Owning Companies) which can result in the avoidance capital gains tax and other charges in the jurisdiction where the property is situated.
- Operating a business with an Offshore Company to avoid tax (Tax-Free Business Companies) by invoicing so that payments received are tax-free and re-invoicing to minimise tax liabilities in other jurisdictions. Also ideal for internet businesses.
- For the holding of family assets using trust structures (Family Asset Companies).
Tax-Free Investment Companies
An Offshore Company is an ideal vehicle for holding a bank account, dealing in stocks and shares, holding portfolios of investments and for purchasing other financial products. These purposes are the most popular reasons for incorporating Offshore Companies.
High interest accounts and portfolio management services are available at the various major international Banks and Financial Institutions with a presence in Gibraltar and in other jurisdictions. There are relatively simple procedures in place which facilitate the swift opening of bank and investment accounts.
The greatest attraction of such accounts is that all interest earned as well as any capital gains or other profits made whatsoever are paid entirely free of tax.
Yacht & Ship Owning Companies
Gibraltar Companies are widely used for registering a ship or a yacht. Apart from the obvious advantage of confidentiality as to ownership there are many other benefits.
Vessels owned by Gibraltar Companies can be registered at the local British Registry under the British flag. In some cases there may also be relief from VAT (Yacht & Ship Registration).
Any profits obtained from chartering a vessel or from any trade or business carried out will be completely free from tax, including VAT, in Gibraltar and such funds can be paid into a Gibraltar bank account held by the Company. Charters may also be free from VAT (Yacht & Ship Registration).
Gibraltar Companies can be used to register fleets of ships so that each ship is owned by a different company. In this way the other ships in the fleet will be protected against any debts owed by any of its sister ships.
Property Owning Companies
Buying property in the name of an Offshore Company offers many advantages. The first and most obvious one is confidentiality as to ownership. However, it also can allow for property to be sold without incurring any local taxes.
A device which can work is effecting sale by the purchaser buying the property owning company. This is done by simply transferring the beneficial interest in the shares to the new owner and it is not necessary to register the transaction anywhere or to inform the authorities. The new owner acquires the company and the property remains registered in the Company name and no Transfer, Capital Gains or any other tax is incurred.
Another major advantage is that this transaction can normally be effected very speedily and the usual delays in property transactions are avoided.
Tax-Free Business Companies
Offshore Companies can carry on business anywhere in the world and they will pay no tax whatsoever in their country of incorporation on their profits. Offshore Companies are, therefore, an ideal vehicle for all types of businesses including those engaged in: manufacturing, import and export, agency and commission work and the provision of services.
A major advantage is that invoices for goods or services provided by the Company can be issued by the Offshore Company and on which no tax is payable.
All invoices are also paid free of VAT which can give businesses an edge over their competitors.
Re-invoicing is also a popular way of avoiding tax particularly where a company carries out trade between two high tax jurisdictions. This typically involves the purchase of goods through an Offshore company and resale to another company in the jurisdiction the goods are eventually sold. The main profit can be made by the Offshore, on which no tax is payable in Gibraltar, thus minimising the ultimate profit of the eventual selling company and, therefore, its tax liability in that jurisdiction.
Family Asset Companies
Family savings and assets can be held by an Offshore Company. There are several advantages to this which include confidentiality as to ownership and the ability to make investments without incurring any tax on the interest earned or other profits made.
The company structures used by our firm will enable money and assets to be divided between family members by dividing the beneficial interest in the shares of the company as directed. The system we use allows total flexibility and the percentage shares in the company of members can be changed with the minimum of fuss.
Family assets and wealth can also be protected by using Trust Structures and Discretionary Settlements (Trusts).
Confidentiality
Confidentiality in Gibraltar is taken extremely seriously and we will keep the beneficial ownership of all Companies we manage and all other information strictly confidential. However, as in all other reputable jurisdictions, we are bound by strict anti-money laundering laws and under such extreme circumstances we would be obliged to disclose information. Crucially, we do not have to reveal any information whatsoever for any tax related matters.
GIBRALTAR COMPANIES •
BRITISH VIRGIN ISLANDS COMPANIES
DELAWARE COMPANIES •
OTHER JURISDICTIONS
INCORPORATION PROCEDURES
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