Offshore Company Formation In British Virgin Islands – Helping You Do It

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The United Kingdom is a developed country located in north-western coast of European mainland.

The country is considered to have a high-income economy and is categorized as very high in the Human Development Index, ranking 13th in the world currently.

It was the world's first industrialized country and the world's foremost power during the 19th and early 20th centuries.

The UK remains a great power with considerable economic, cultural, military, scientific, and political influence internationally.

Companies House is the United Kingdom’s Registrar of Companies and it is the key government organization that co-ordinates the administration of businesses in the UK.Assessee needs to register the business for Corporation tax within 3 months of starting of Business to HMRC.General Corporate Income Tax rate is 19% and standard VAT Rate is 20%.

A flat 0.5% Stamp duty is levied on instruments that transfer stock or marketable securities.The UK has double tax treaties with more than 130 countries, making it one of the world's largest networks; there is no dividend withholding tax in the UK, irrespective of the location of the recipient.Personal Income Tax Rates ranges from 20% to 45% depending upon the slab of Income.

Reasons Why You Should Establish an Offshore CompanyOffshore companies or International Business Companies (also known as IBCs) are 'distinct legal entities' - what this means is that they can be treated to all intents and purposes like an individual.This means they can do business and be taxed for example, in fact they can do pretty much everything apart from have feelings or be loved!But what's the point of an offshore company?Well, residents of high tax countries such as America of the United Kingdom for example can sometimes use an offshore company structure and route their income or profits through it to reduce their own personal taxation for example.The reason the company is established in an 'offshore' jurisdiction is because such locations are low or no tax, and as long as the company in question does not enter into any business in the jurisdiction it is located in, it can avoid most or even all forms of local taxation.There are actually five main reasons why you should establish an offshore company.1) To Reduce TaxAn offshore company can structured in such a way and be used to reduce or even negate an individual or business's taxation burden.

It depends on the nation you are tax resident in and the way an offshore company is structured as to how well you can legally work your tax situation, but tax reduction is the number one reason for establishing an offshore company.

See also : Non Resident UK company formation Offshore incorporation service providers can look at an individual's set of circumstances and advise best how and where to structure an offshore company for maximum benefit and gain.

2) Simplification of Company Operation Depending on the type of business you will be doing through your offshore company and the jurisdiction you favour for incorporation, the burden of everything from account auditing and the filing of records etc., is likely to be significantly reduced which reduces overheads and it also reduces the amount of time and energy one would usually invest in such tiresome activities.

see also : UK COMPANY FORMATION FOR NON-RESIDENT 3) Reduced Reporting Requirements Not only can you simplify your overall operations structure through the use of an offshore company, there are often far less requirement to file information relating to those involved with the company together with the company's financial arrangements etc.4) Asset ProtectionAn offshore company can be used together with an offshore trust for example to enable an individual to protect their assets whilst retaining a certain degree of control over the way their affairs are managed.

For example, by placing certain assets within an offshore company structure and then placing the shares of the company within a trust, a businessperson can be actively involved in the offshore company and direct the management of their assets whilst remaining one step removed from them thus gaining maximum asset protection advantage.

CCP Financial is a BVI Registered Agent offers BVI Insolvency Services, financial service and a best Offshore Company in British Virgin Islands.

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