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Offshore Jurisdictions
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Offshore Company Jurisdictions
In this section we let you know our thoughts on the pro's and con's of some of the top offshore corporate jurisdictions.
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Labuan
Offshore Trading Companies in Labuan pay 3% tax on profits or a fixed sum of RM20,000 (around $5,000), whichever is lower. If you form an investment or non-trading company you won't pay any tax at all . . .
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Switzerland
A company is deemed to be resident in Switzerland if it is either incorporated in Switzerland or effectively managed from there (a similar rule to the UK). Resident companies have to pay tax on th . . .
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Singapore
The tax residence status of a company in Singapore depends on the usual test of where the management control of the business is exercised. If you use a Singapore resident company it will be taxed on a . . .
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Panama
Panama is popular as a corporate tax haven for a number of reasons. Its International Business Company (IBC) and foundation structures are often promoted by offshore incorporators as effective tax . . .
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Malta
Malta has also been gaining increasing prominence as a jurisdiction to locate an offshore IBC. In Malta these companies are known as International Trading Companies. When owned by non-Maltese resid . . .
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Isle of Man
A new 0% rate of corporate tax for all trading companies (except banks) came into force from April 2006. Prior to this companies had been subject to a tax rate of just 10% but if they could qualify fo . . .
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Ireland
The corporate tax regime is one of the most attractive in the world thanks to a combination of low tax rates and lots of tax treaties which Irish resident companies can take advantage of. Irish co . . .
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Channel Islands
Guernsey and Jersey offer an attractive offshore company regime. There used to be opportunities to set up an 'exempt' company, however as from 2008/2009 these were abolished and the distinction betwee . . .
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Gibraltar
The main corporate tax is income tax, which is currently set at 27%, except for certain exempt or non-resident companies which pay 0%. However, as a result of the EU commission objecting to the e . . .
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Dubai
Dubai is becoming of more importance as a home for offshore companies. It's certainly not cheap to set up a company there (you're looking at about $5,000 to incorporate and annual renewal fees are . . .
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Cyprus
Cyprus imposes corporation tax on companies that carry on business or have an office or place of business (permanent establishment) in Cyprus. Cyprus now has a 10% corporate tax rate, which applies to . . .
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Costa Rica
Domestic companies face a high tax bill, with a top corporation tax rate of 30% (a minimum rate of 10% applies to small companies), and there are also high social security charges that could apply. . . .
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Cayman Islands
The Caymans' position as one of the world's top tax havens is supported by the fact that it is the largest offshore banking centre in the world with over 600 banks. The Cayman Islands are also home to . . .
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British Virgin Islands ('BVI')
BVI companies are very popular. They have recently got rid of a 15% corporate tax in favour of a payroll tax. Under the new system, employers pay 6% payroll tax, while small businesses (defined as tho . . .
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Bermuda
Bermuda has a massive slice of the offshore company market (it has over 12,000 international companies) and some of the big FTSE and Fortune 100 companies have offshore holding companies incorporated . . .
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Belize
Local Belize companies pay corporation tax at the rate of 25%. However, if you're thinking about using an offshore entity you won't be using a 'standard' Belizean company. Instead you'll be using a Be . . .
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Offshore Tax Book
Non Dom Tax Book
Tax Havens Book
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