|Hexagon Advisory provides all necessary services to advise on, create, operate and liquidate offshore/free zone companies. Often there is a great deal of ambiguity surrounding offshore centers coupled with a lack of practical information on how to actually choose and use an offshore center to best suit the individual’s personal or business requirements.|
The prime objective behind the demand for offshore services from both individuals and corporations are attributed to tax minimization, asset protection, confidentiality, political stability, cost reduction and banking services.
In today’s uncertain economic environment, political instability and changing legislations by respective countries demanding for more transparency, accountability and disclosure norms. It is imperative for todays business houses to seek quality professional advice. No longer are clients’ needs limited to only minimizing their global tax liability, but to also protect their assets and investments in safe havens. Use of properly crafted entities can help minimize and/or eliminate these risks and aid future planning.
Key Characteristics of offshore Jurisdiction
Many offshore jurisdictions with the objective of tax planning and ownership protection have made efforts to ensure that their company law provides the following features:
- Limited Liability
- Minimization of directors’ liability
- Minimal or optional statutory filing obligations
- Secrecy through the use of nominee shareholders
- Broad range or permitted company names
- Low capital requirement; and
- The absence of or the optional requirement for the audit of accounting records