Many of you know the concept of Offshore Company formation and the reason behind this is mainly better tax planning and secret business dealings. I am working in this sector for more than 10 years and have since advised so many foreigners to enjoy the different facets in Offshore, being a small, medium and large enterprise, tax payments does pinch your pocket.
Having a company under the Global Business Category will be liable of a tax rate of either 0% (complete tax exempt - for a Category 2) and a maximum of 3% (for a category 1). Below is a list of activities that might be of your interest:
Aircraft Financing and Leasing Licensing and Franchising Asset Management Logistics and/or Marketing Consultancy Services Operational Headquarters Financial Services Pension Funds Fund Management Shipping and Ship Management Information and Communication Technology Services Trading Insurance
Non financial consultancy Ship Management IT Services Trading non financial Logistics Passive Investment Holding Marketing One off transaction using a Special Purpose Vehicle Shipping
Hope that you find your nature of business above and willing to expand your business with international presence and savings on tax payments.