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Why Incorporate Offshore
While there are scores of reasons why you should incorporate an Offshore Company, the following are some of the possibilities:
- No requirement to disclose beneficial owners; file annual return or financial statements; or to hold annual general meetings of shareholders or directors.
- Full exemption from taxation on any business activity or transaction carried out outside their incorporation countries.
- Speedy incorporation procedures and simple ongoing administration.
- No minimum or maximum capital requirements.
- No paid-in capital required.
- Minimum registration fee on capital.
- Shares may be issued in any one or more currencies.
- Corporations may engage in any lawful business in any country and may carry on transaction in whatever currencies they choose.
- Bearer shares may be issued at owner's option.
- Mortgages and charges on shares are possible.
- The shareholders, directors, and officers may be of any nationality and may be residents of any country.
- Neither the directors nor the officers need to be shareholders.
- Directors and/or officers can be either corporate entities or natural persons.
- Shareholders and/or directors may hold their meetings in any country and they may attend such meetings by proxy or by electronic means.
- The accounting books of the company may be kept at the registered office of the company or abroad.
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