Offshore Banking Centers Offshore Financial Centers Offshore Formation Centers Offshore Centers

Offshore Centers

Offshore centers offer offshore services such as offshore banking, the incorporation of offshore companies, the formation of offshore trusts and foundations and other excellent offshore services. Some of the offshore centers which are available today include Panama, Nevis, Dominica, Seychelles, Singapore, St Kitts, Anguilla, British Virgin Islands, Bahamas and many more. The offshore centers do not extend services to residents but rather to non residents of the offshore centers.

Jurisdictions have come to offer amazing investment and assets protection options. These include second citizenship, offshore companies, offshore foundations and trust which give access to new opportunities and attractive tax privileges. Second citizenship programs without residency requirements imposed on applicants are administered in St. Kitts and Dominica. These are called economic citizenship programs or citizenship by investment for which investors qualify to apply for citizenship by making a real estate or economic investment.

Offshore centers like the offshore tax haven of Dominica offer offshore banking and the formation of offshore companies. Offshore companies in Dominica are guaranteed to receive tax exemptions for twenty (20) years which begins on the day of incorporation. If changes are made to offshore company legislation in that offshore center, offshore companies already incorporated will continue benefiting from tax exemptions. Tax exemptions are on profits and incomes gained outside of the offshore jurisdiction of Dominica and offshore bank accounts also receive tax exemptions.

Panama is one of the offshore centers which allow offshore companies to do business operations within the offshore center as well as outside of Panama. Profits gained from carrying out local business operations are taxed whilst those gained from abroad are exempted. Panama is also different from other offshore centers in that most offshore jurisdictions allows for offshore incorporation with just one shareholder and one director but all offshore companies incorporate in the offshore center of Panama must have at least three (3) company directors. The offshore center of Panama offers good offshore banking services and the formation of Panama foundations which are backed by very strict offshore legislation.

The offshore center of Singapore is one of the biggest and most developed Asian offshore centers today. Singapore offers tax exempt or offshore companies as well as banking services. Singapore companies will benefit from tax exemptions on all foreign earned profits and will benefits from privacy laws in the offshore center of Singapore. As one of the most respected offshore center Singapore offshore services are very efficient and of a high standard. Offshore companies are easily formed using registered agents in the offshore center of Singapore.

One of the most respected offshore centers in the Caribbean is the island of Nevis. Nevis is part of a Federation called St Kitts and Nevis. The island is small but has been able to pass its own offshore legislation which is some of the best. Nevis has a unique offshore entity called the Nevis Multiform Foundation. This is the only one f its type and presents a foundation which can be used as a trust, corporation or partnership. Nevis also offers offshore banking, the formation of Nevis trusts and Nevis offshore company formation all of which benefit from Nevis’s tax exemptions and strict privacy laws.

Offshore centers make it possible for persons to reduce on tax liabilities in an age where saving capital is very important. Asset protection is also provided in the offshore centers and privacy is provided not only for the owners of the offshore entities but for the offshore entities as well.

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