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This
page is aimed at giving our Contractor and Consultant
Clients guidance in minimising their TAX bills
Using an Offshore Company
you can legally avoid or minimize your taxes. Countries
such as the Bahamas and Gibraltar do not
tax their companies unless they earn income through
operations actually in the Bahmas or Gibraltar.
Tax on income earned outside of the Bahamas and
Gibraltar is is paid through small annual fees,
the Company pays only these small
fixed annual fees with no obligations
towards the tax authority of the country and therefore
this is entirely free from bookkeeping. Please
note that any dividend and/or income payed from
the offshore company would be eligible for UK TAX
(UK residents only), but only if brought back into
the UK, no obligation exists if drawn
whilist living abroad.
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in your Offshore Company's account - is money in
your pocket, you can use it as you see fit. How exactly
to use your Ofshore Company
depends on the type and location of your business. |
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If
you can sell your services directly
under the name of your Offshore Company and receive
the income direct onto the Offshore Company Bank
account this is the most simple method. You can
then invoice your offshore company from
your domestic company for whatever earnings you require
in you domestic country, leaving the bulk of the
profit TAX free offshore. If you are a UK national
and working abroad (minimum durations exist) then
all earnings payed to you offshore company could
be brought back into the UK TAX free (in this case
you would NOT need a UK company) Your offshore company
can be set up using nominee directors (at extra cost)
to maintain your privacy |
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If income is paid
in your domestic country going into your domestic
local tax paying company, then to reduce
your local TAX bill you will need to invoice
your local company for services supplied by
your offshore company. Services such as
management services, training, consultancy are
all legitimate expences. The money payed to
your offshore company ise free of local
TAX with approriate reductions in your
overall tax payments. Your
offshore company can be set up using nominee directors
(at extra cost) to maintain further privacy
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For clients who prefer
not to own an offshore company, we can provide a
range of services using our existing offshore companies
which will result in the same benefits as actually
owning an offshore company of your own, . We would
be happy to discuss our services as well as additional
taining and consultancy services further - please
email us in the first instance. |
By
Using an Offshore Company You Can Legally Avoid
or Minimize Your Taxes !
We
offer Company formations in all major offshore
jurisdictions.
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