The ideal way to dramatically reduce your tax liability is to set up an offshore
company which will allow you to entice outside investors, as the company will, most likely, be exempt from:
" Corporation tax.
" Capital gains tax.
" VAT.
" Inheritance tax.
" Wealth tax.
Many of the countries where offshore companies are formed have no tax treaties or exchange of information agreements with other countries.
Often, the name of the owner of the company does not need to be revealed to the authorities in offshore jurisdictions - so confidentiality is guaranteed.
Forming an offshore company
This can take as little as three to five days to complete. To streamline the process further, Keylink Consultancy has a number of existing companies for sale.
Setting up an offshore bank account takes between five and ten days to complete. This option is an effective way to save on tax that would otherwise eat into your company's profits.
The cost of setting up a tax free corporation has been driven down by increased globalisation and competition. It is now possible for many small and medium enterprises to reduce their tax liability, with some jurisdictions offering zero capital gains tax. Its not as expensive as you think to form an offshore company, from as little as 650 for a Gibraltar Company and the tax savings far outweigh the running costs.
The cost of company formation varies in each jurisdiction, as do administration fees and other annual running costs.
Keylink Consultancy will help you set up a corporation depending on your preferred location and the purpose of the company.