Offshore Companies & Offshore
Sometimes known as non-resident companies, offshore company formations are increasingly being used to structure business and personal assets in such a way that the taxation burden is minimalised (such as inheritance tax and capital gains tax).
For business this can mean simplicity of set up, maintenance and reporting procedures.
For individuals this can be of great help in estate planning and the avoidance of inheritance tax. In this way personal assets can be transferred into the company name to ensure that life time capital gains are not eroded by onerous taxation.
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