Agency offshore schemes (construction, manufacturing, transport)

Agency offshore schemes (construction, manufacturing, transport)
Through the use of agency offshore schemes, companies receive significant benefits in the form of legally reduce the tax burden.

The essence of these schemes is a contract of service with the firm intermediary agent offshore company.
All activities in the firm-agent acts as the authorized representative of the offshore company and act on its behalf and in its best interests. 

The funds that are involved in contractual transactions are owned offshore company, but the company also acts as the manager-agent. 

According to the agreement on mediation, negotiated between the offshore company and the company agent, the latter gets a reward only a small percentage of the actual profit on the contract. This sum becomes the sole object of taxation. 

To agency offshore scheme was viable and effective, company-agents must meet the following requirements:located in a jurisdiction that does not belong to the official list of offshore zones is covered by the law that there is no double taxation have legislative authority the right to deal with offshore companies 

The most obvious examples of the use of agency companies are construction, manufacturing and transport offshore schemes. 

The construction scheme involves three parties - offshore contractor, the customer and the firm resident agent acting as a subcontractor. All cash flows pass through the accounts of offshore companies, they are also the main profit and accumulates, which is thus derived from taxation. 

Transportation agency scheme often used by firms that specialize in international transport. With the participation of the agent, registered in the area of ​​the law that there is no double taxation, it is possible to minimize tax costs. 

In a production scheme offshore company customer service and supplier of raw materials. All the income from the sale of the finished product is returned to the account of an offshore company, and thus excludes from taxes and duties, and the company-agent while receiving minimum commission.

1 comment:

Unknown said...

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