Offshore Business and its Details

The definition of "offshore business» has appeared since the company started using countries with mild tax climate (they are called tax havens),
in order to implement projects previously impossible due to the large amount of money.

Offshore zone is very attractive because you can minimize the costs of taxation, promote business out of the shadows, receive a favourable exchange rate regime, strengthened protection of invested funds.

Types of business in offshore is a primary activity of the company (depending on profile) or disclosure of financial funds in bank accounts. The offshore attracts businessmen, who want to maintain a confidential business.

Profile of companies placed in offshore zones is very diverse. First, it can be commercial and intermediary firms that are engaged in procurement and distribution operations, as well as export-import companies.

Secondly, the company financial profiles (strazovye, financial intermediaries, offshore banking, reinsurance companies, etc.). Thirdly, the company also holding companies (investment, holding, tenure, ships, industrial facilities).

Offshore business are companies in such countries:

1. In the British Isles (such as the Isle of man, Jersey, Gibraltar);

 2. In Europe (Principality of Monaco, Luxembourg, Ireland, Cyprus, Malta, etc.);

 3. In the Middle East (Bahrain Emirates);

 4. In Central and South America (Panama, Uruguay, Belize, etc.);

 5. In the Pacific (Marshall Islands, Singapore, Hong Kong S.A.R., Vanuatu, Cook Islands, Western Samoa, etc.);

 6. in Africa (Zanzibar, Liberia, etc.).

At present , the share of the world economy, offshore business increased heavily. More than half of the world's capital deployed in companies and offshore banks. Offshore companies conducting such business has significant advantages compared to other types of business. In fact, in addition to reducing costs, attract firms that their savings are legally protected from inflation, the procedure of processing of documents for business is quite simple.