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OFFSHORE VS. ONSHORE
Offshore relates to registering, incorporating, or operating in another country, often with legal, financial and tax benefits. Offshore companies usually pay no taxes in the jurisdiction of incorporation and offer various anonymity and asset protection benefits. They also have lower overall operating costs. Read about offshore company benefits in the article on Why Incorporate Offshore.
Within the context, onshore refers to incorporating in a home country or in a reputable jurisdiction, often located in one of the OECD countries. Onshore companies not only pay taxes but must also comply with all legal and tax filing requirements, which are often costly. Unitrust Capital Corp will provide you with all relevant compliance information and will assist you with accounts filings and auditing, where applicable. If you are looking for 0% taxation, anonymity and asset protection, consider incorporating offshore.
There is another category of Offshore Onshore companies that were incorporated in onshore jurisdictions and that offer competitive taxation and legal benefits, reminiscent of offshore companies.
Popular offshore-onshore jurisdictions include:
LOW TAX ONSHORE COUNTRIES
Registering one's business in an offshore-onshore country adds to one's reputation while generating some of the advantages, associated with offshore companies. For example, a Hong Kong Corporation does not pay taxes on income earned from company's business outside of Hong Kong.
Some onshore jurisdictions have comparatively low tax rates. For example, Cyprus companies pay a 10% corporate tax rate, which is one of the lowest among the E.U. member states.
FURTHER INFORMATION
Please contact us to inquire about registering a new offshore company or if you are looking for an already registered shelf or aged company.
Return to Offshore Incorporation home.
Similar Pages
Offshore Company Registration
Offshore Company Incorporation
Offshore Holding Company
Register Offshore Company
Offshore Onshore
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