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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 incorporating an offshore company are: |
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Singapore and Hong Kong are two markets that have agreed to follow the standards set by the OECD. Singapore and Hong Kong are reputable jurisdictions whose economies offer outstanding investment opportunities and remain particularly attractive locations for incorporating an offshore company. 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 and Ireland. |
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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 companies in Asia. |
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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), Bermuda and the Bahamas. |
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As a result of pressure on some jurisdictions (often referred to as 'tax havens') from the Organisation for Economic Cooperation and Development (OECD) to exchange confidential information about corporations and bank accounts, some entrepreneurs' are hesitant to incorporate an offshore company. |
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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. |
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While traditional tax havens continue to offer advantages for entrepreneurs considering offshore company incorporation, they often attract a negative stigma. |
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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