Offshore company is commonly used to avoid or minimise taxes that would have been incurred if traditional onshore company is used. Most offshore companies are either “zero tax” company or “low tax” company. Most jurisdictions do no tax corporate income, no capital gain, no withholding tax, inheritance, personal or wealth taxes. Usually it is cheaper to set up and maintain and offshore bank accounts may be opened either in the jurisdiction of incorporation or elsewhere. We provide offshore incorporation services through our associate company Offshore4Asia Limited.

For more information please visit www.offshore4asia.com

Which offshore jurisdictions are commonly used?

Labuan

Labuan is comprised of a few small islands located off the coast of Sabah, Malaysia. Labuan is part of Malaysia and being formally under British rules is a common law jurisdiction, with an independent English based-legal system.

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British Virgin Islands

The Virgin Islands, often called the British Virgin Islands (BVI), is a British overseas territory, located in the Caribbean to the east of Puerto Rico. As an offshore financial centre, the British Virgin Islands enjoys one of the more prosperous economies of the Caribbean region. The “twin pillars” of the economy are tourism and financial services.

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Hong Kong

As one of the world’s leading international financial centres, Hong Kong has a major capitalist service economy characterised by low taxation and free trade, and the currency, Hong Kong dollar, is the ninth most traded currency in the world.

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Seychelles

This island State is located in the South-Western Indian Ocean. The total land area of Seychelles is 455.3 square kilometres, consisting of 115 islands. The Seychelles is linked to major European, African and Indian destinations by major international air carriers. Excellent telecommunication is provided by two major international companies.

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Ras Al Khaimah

Ras Al Khaimah is one of the emirates of the United Arab Emirates (UAE), in the east of the Persian Gulf. It is in the northern part of the UAE bordering Oman. It is one of the fastest growing emirates in one of the fastest growing economies in the world, the UAE.

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Brunei

Brunei being formally under British rules is a common law jurisdiction, with an independent English based-legal system offering civil appeals as far as the Privy Council in London. A tiny but oil-rich Sultanate, Brunei is located on the North East of Borneo. Communication and transportation are excellent with connection by air to major cities in Europe and Asia.

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