Although we still use the term "offshore" to refer to tax optimizing structures which we put together, the structures resort less and less to tax havens. A few years ago a company registered in Gibraltar and operating a corporate account in London assured the "good life" of operators and clients alike.
Currently such structures are impossible to create (in terms of bank accounts) and, even if we did manage somehow to create one, it would be entirely useless for the cases given to us as a committee.
Indeed, the retaliation mechanisms set up by the Inland Revenue Service of most European Community countries and by the well-known "Internal Revenue Service" in the United States lead all qualified operators to stop opening companies for their clients in countries known to be blacklisted tax havens. (See, for instance, detailed information on the French Code Général des Impôts, Article 238 A, or the Law of 5 July 1991 in Spain.)
Moreover we have hit another snag, which completely does away with the simplicity which we enjoyed ten or twenty years ago: the presence of the OECD's Financial Action Task Force, publishing its own black list for bank clearings. This amounts to saying that, if today you own a bank account in the Philippines, Israel or Saint Vincent, you cannot transfer your funds to Switzerland or Denmark without the risk that these funds be frozen by your receiving bank which would hand your file over to a Judge to determine whether or not your money came from international laundering!
Naturally, we totally agree with the fight against the criminal financing of drugs, mafias, and human trade networks; what is more questionable is that these legal dragnets catch very few criminals but many "small fish" who have nothing to do with international crime.
However, it is not up to us to challenge neither the methods used nor the results obtained. Our job is to put to work all of the knowledge of the Tax Lawyers, Chartered-Accountants and Financial Specialists who belong to our teams in various countries in order to find creative and legally solid solutions which substantially reduce our clients' taxes while maintaining their peace of mind for a number of years.
Setting-up this sort of structure has its costs and managing it requires an investment of your time.
Don't believe the false advertisements that offer turnkey trusts for 500 dollars and no further expenses!
Don't believe that, if you are a plumber in Oslo or a hairdresser in Auckland, that you will freely and easily handle your day to day operations under the name of an International Business Company incorporated in the Bahamas: all you will obtain is long-term inconvenience and significant losses.
Don't believe either those who assert that you can relocate your profits and pay only 10% of the taxes owed previously "in all lawfulness". If things were so simple and transparent, no one would pay taxes anymore!
It is very serious business to create a solid, fool proof structure, endowed with bank accounts, possibly commercial accounts for e-commerce activities, and then manage it correctly and keep it in good standing with the passing years; only experienced and seasoned professionals can help you with precision and efficiency.
In other words and without wanting to discourage potential clients :
If you pay 5000 to 6000 Euros in taxes per year, go on paying them and don't complicate your life.
However :
if you manage international trade operations and don't want to share
if you provide an intellectual 'non material' service such as IT consulting, management, costs-killing, etc... with salaries going up to 100 000 or 150 000 Euros or even more each year
if you risk 'jeopardizing everything' because of a lawsuit, bankruptcy, divorce or tax adjustment
we are here to provide real help !
Please remember to seek the advice of your trusted Chartered Accountant or Tax Lawyer: they are qualified to give you an opinion in your home's tax jurisdiction in order to ensure that the intended structure is acceptable under your local legislation and attentively read our : Disclaimer
Share your project with us and we will treat it with the strictest confidence , whether or not we do business together; we will provide you a workable and personalized solution with no commitment required. In addition to the incorporation of your company(ies), we will take care of all the required administrative tasks , and also offer solutions for :
Business addresses
in Geneva, London and New York.
Bank introductions
U.K., Bahamas, Panama, Cyprus, Gibraltar ...
Full Accounting Services
VAT [Value Added Tax]
Wages
Employment contracts
... and more
Last point: If your needs in terms of tax-cut operations are irregular or fairly small (for instance, below 80 000 euros a year), our company can also offer "FACTORING" solutions : one of the companies that we oversee will invoice your final client and transfer the money to you, without taxes ; your only expenses would be our very reasonable commission and bank transfers at cost. (Furthermore, we offer coverage of your freelance activity by one of our outsourcing companies, this for people whishing to have a monthly fixed salary and social security benefits)
We sincerely hope that the pages on this website will be useful to you.
Offshore investing is THE solution for assets protection. Offshore investing are well protected if suitably located. Offshore investing will grant great returns if cleverly done. The decision to offshore investing will help you enjoy your retirements days with peace of mind … Offshore investing will diversify your income and make it strong.
insad s.a.
|