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In general, a tax haven is a country where taxes are either levied at a low rate or none at all. Well-known examples are Panama, Belize, the Seychelles, the Cayman Islands, the Isle of Man and Hong Kong. Very often such areas are also referred to as offshore companies, with companies registered in these jurisdictions being referred to as offshore companies. An offshore corporation (also known as an international corporation) is a corporation established to operate and conduct business, shareholders and outside of the jurisdiction in which it was formally incorporated, as well as outside (or outside) the residence of its directors beneficial owners, which can be of crucial importance for tax planning in certain legal systems. Typically, an offshore company is formed to obtain certain legal or tax advantages, to accommodate a certain corporate structure, or to protect the privacy of the beneficial owner and / or asset owner. It is widely recognized that in the modern, dynamic business environment where most countries work together to create an intergovernmental tax oversight system, it is becoming increasingly difficult to achieve your business and personal goals. Low tax countries offer the perfect environment and tools to create a unique, functional corporate structure that suits your needs. Confidus Solutions offers you the most efficient solution that is precisely tailored to you. Features and benefits of using a low tax country Reducing taxes and maintaining confidentiality are not the only advantages of starting a business in an area with a more favorable tax regime. While attractive tax rates and tax planning are great advantages of international companies, the ability to significantly reduce operating expenses and maintenance costs is also a very attractive advantage. Below are the six main benefits of starting an international trading company in any of these jurisdictions. Tax reduction Starting a business in a low-tax area provides a legal way to lower corporate taxes levied, and this is usually the main argument in favor of relocating your business to tax haven. Non-resident companies can enjoy an attractive tax system depending on the country of incorporation. Be aware that these days international tax regulations can be very complex and it is imperative that you consult an experienced tax specialist. It is essential to ensure that the legal system in which the company actually operates does not conflict with corporate tax obligations. privacy Some jurisdictions do not require non-resident companies to publish financial records or private information about directors and shareholders. Easy maintenance Typically, there are no strict requirements or obligations to be met by management, so directors and officers can make decisions remotely through the use of powers of attorney or nominee services. Asset protection Many of these jurisdictions can be used as valuable tools for protecting corporate assets. Typically, these legal entities are used to hold intellectual property rights or real estate investments. Lower expenses Comparing onshore and offshore jurisdictions, offshore countries usually offer a faster and easier incorporation process. Lower requirements for the minimum share capital Setting up an international trading company usually requires very little share capital, and there may even be no need for capital at all. http://www.confiduss.com/en/services/incorporation/criteria/low-tax/