Whats the meaning and why choose offshore solution? – Many colleagues think that offshore companies differently from onshore companies are born exclusively to elude taxes, but this is not right. Through such legal structures is surely possible to move some important activities in foreign jurisdictions, and thus doing you can get tax saving and a major protection of assets from creditors’ advanced demands or in divorce proceedings. According to the legislative system adopted by the jurisdiction, a Tax Haven can offer better conditions for the establishment of economic enterprises or natural persons, providing important tax exemptions for whom opens offshore companies, like in the Principality of Monaco, where natural persons incomes are not taxed. Instead, if you open an offshore company in Panama . incomes of foreign origin are not taxed. Anyway, any tax haven has its own laws to intercept specific clients, whose interests vary from tax exemption to tax reduction on activities elsewhere too much fiscally burdened to be competitive. Offshore world is characterized by an aura of mystery, although some recently published estimates have highlined how 60% of capitals, at global level, are moved through thee small centers, where customs officers, politicians, rich people, as well as professionals and small companies with turnover of more than 40.000 Euro per year. By using some offshore companies settled in the right jurisdictions, big companies manage to optimize their tax burden, showing at a loss the branches located in high taxation countries and, on the contrary, getting profits – concealed to the aggressive tax administrations- through shell companies. The advantages of offshore companies are undoubtedly suitable also for small companies, as the international tax planning is available also for small entrepreneurs, at low costs, from 3000 € onward.
Tax engineering: What is it about? – To grasp the idea, start from the concept that tax avoidance, differently from evasion, is not a punishable operation: by the correct evaluation of advantages for offshore companies in the jurisdictions, in fact, it’s possible to make a correct tax planning- completely legal- to reduce tax burden of our own offshore company thanks to an aimed consultation made for such a company by specialized companies. On the contrary, tax evasion is the attempt at avoiding tax payment, behavior that’s considered illegal. Furthermore, the existence of tax havens is a consequence of the existence of the so-called tax hells, that are jurisdictions with too many tax burdens (together with complex legislation). Tax avoidance can be enacted whether a tax engineer is able to identify, according to the business carried out by the customer, those oasis or offshore countries in which it’s possible to find conditions for low taxation, making also transactions between different countries, to benefit from a light tax planning. After the individuation of better jurisdictions, between offshore companies and legal havens, tax planning requires an analysis of all the norms, mainly of the tax treaties and conventions against double taxation- allowing in this way the customer to pay legally less taxes than he’d pay without the help of tax engineering. To reduce tax burden of a company and also to avoid its bankruptcy, for the constitution of a legal offshore company, it’s necessary to rely on the consultancy of a tax engineer who really knows the laws, able to make triangulations and any other legal operation, to avoid tax evasion that, differently from avoidance, constitutes a crime.
What’s an offshore activity? – An offshore business is normally conducted- de facto-by people that live in tax hell countries and wish to save taxes. Anyway, to render this operation totally legal, it’s important that the offshore company activity really proves to be managed abroad, with invoicing and collection in the jurisdiction in which offshore company is established. The funds collected on the offshore company accounts of this legal person can be used anyway, but it’d be better avoiding to wire bank transfers to ordinary bank accounts. The solution could be to use credit or debit card, or also make triangulations toward different accounts: only in this way you can be sure of eluding fiscal controls. Any customer has his own specific exigencies, for this reason it’s necessary to study a legal model of offshore company according to the customer’s goal: if you’re our customers, by buying our services you can benefit from a free consultancy to open an offshore company, in full privacy. Obviously not all businesses, for their specific nature, can wholly benefit from the advantages of an offshore company.