Offshore company and offsore Bank Account

From TaxAlmanac

Offshore companies are becoming the most ideal vehicle to achieve anonymity, maintain all business transaction confidential without any legal requirement for tax return, auditing, accounting,reporting and It is exempt from paying taxes. Combining all this with limited liability of its shareholder and Director, no paid up capital and the usages of nominee services such as nominee director or shareholder. An offshore company enable you to best structure your business in a fully legal manner to reduce your tax liabilities and permits you to conduct your activities worldwide.

An offshore company is ideal for those who is doing business over the web, exporting and importing.

Upon opening the offshore company, you can open an offshore bank account which offers you also anonymity, internet banking, multi-currency trade and debit cards with bank such as Barclays, HSBC, FNB, CITIBANK and many others.