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By: lewis white

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Tuesday, 25-May-2010 12:43 Email | Share | | Bookmark
Offshore corporation

Due to the numerous reasons, but mostly tax and privacy issues, many companies are getting an offshore incorporation in so-called tax haven countries all around the world. These countries are well known for their favorable laws towards foreign investors who can take advantage of low or even no taxes at all, no interventions from governmental institutions, favorable offshore incorporation laws that make the entire process of incorporation extremely easy and simple, and also strict privacy laws that keep investors' banking and books information protected from any local institutions or foreign governments.

Although in some countries it might seem easy to set an Offshore corporation, it is recommended to use a middle agent, a local business, that focuses on providing all necessary services related to the offshore corporation matters. Besides helping with incorporation necessities, these business entities can also provide their clients with continuous support needed for the smooth operation and legal maintenance of an Offshore corporation. The entire process of an offshore incorporation can take up to several weeks, but since the local companies operating in incorporating area know the domestic legal aspects as well as all necessary procedures, it does not have to take more than few days to set such an incorporation.


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