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While offshore company incorporation is increasingly under the microscope, its popularity remains strong. Although approximately two thirds of total global financial assets are in offshore 'tax havens’, the dynamics of these jurisdictions, and therefore offshore company incorporation, are constantly changing. The main drivers of change related to offshore company incorporation are: |
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Asia’s booming economies, strong banking confidentiality and business-firendly economies are fuelling a flow of capital from the traditional banking centres in Western Europe to Asia. Healy Consultants is therefore witnessing increased demand for offshore company incorporation in Asia. |
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Several tax havens appear to be succumbing to international pressure from the Organisation for Economic Cooperation and Development (OECD) to exchange confidential information about corporations and bank accounts. As are result some entrepreneurs' are hesitant to incorporate an offshore company. |
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However, some Asian jurisdictions are refusing to cooperate with the OECD requests. Well established, reputable jurisdictions such as Singapore and Hong Kong, whose economies offer outstanding investment opportunities, remain particularly attractive locations for offshore company incorporation. These locations are also popular because they permit international profits to be legally tax-free. In addition to this, Offshore company incorporation is popular in jurisdictions such as Dubai, Ireland.
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Healy Consultants is witnessing a decline in interest in offshore company incorporation in traditional offshore jurisdictions such as the British Virgin Islands (BVI) and the Bahamas. |
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Although traditional tax havens continue to offer advantges for entrepreneurs deciding on offshore company incorporation, they are attracting an increasingly negative stigma. |
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Governments in most countries continue to impose high taxes to fund development as their populations and economies grow. This should ensure that offshore company incorporation remains a legal, effective way to protect assets. |
Other Information on Offshore Company Incorporation |
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Contact Us |
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For more information on offshore company incorporation, email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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