Παρασκευή 18 Μαρτίου 2011

How is an Offshore Company used?

An Offshore Company can be a useful tool for just about any kind of business or profession. However, experience shows that most Offshore Enterprises fall into one of the following broad categories:

a.) For Import or Export Companies and International Trading Companies either outside or within the EU (where the company is registered within EU for VAT). In general, the Offshore Company can be used between the buyers and the sellers as an intermediate Company, acting independently.

b.) For holding real estates. An Offshore Company can often create legal avoidance of capital gain taxes, inheritance and property transfer taxes.

c.) For holding shares and investments through the Stock Exchange or elsewhere. The Offshore Company is presented to be the owner while the beneficial owners are keeping their anonymity. One way to use an Offshore Investment Company is to earn profits from dividends and trading in a low, or no-tax jurisdiction.

d.) For holding pleasure yachts and other valuable items.

e.) For Shipping Companies.

f.) For opening and maintaining bank accounts anywhere.

g.) For Professional Service and Intellectual Property Companies.

h.) For Finance Companies. The Offshore Company can be used tο fund another Onshore Company through loans. Using this strategy, the group of Companies can effectively loan funds to itself and collect interest income in a zero - tax jurisdiction.

i.) The Offshore Company can set up a branch office in Greece under the provision of law 89/67 (and its amendments per laws 814/78 and 2234/94).

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