Import and export transactions can be greatly facilitated by the use of offshore companies.
An offshore company is often used to make investments. In most jurisdictions ‘withholding tax’ is levied on income remitted out of the jurisdiction, but the careful use of double tax treaties can reduce tax on the investment income.
Owning overseas property through an offshore company gives a number of advantages,
– with regards to inheritance tax, capital gains tax and death duties.
– The process of sale is simplified.
– Sale by share transfer saves legal and other fees.