OFFSHORE FINANCIAL CENTERS CORPORATE SERVICES OFFSHORE TOOLS

OFFSHORE TAX Traditional offshore companies, namely companies registered in various offshore tax havens (such as BVI, Belize, Seychelles, etc.), pay no taxes on income derived from their overseas activities. Instead, governments in most offshore countries charge a flat license fee, which does not vary with offshore company's income. This means that all things equal, a company making $10,000 in annual profits would pay the same fee as the company making $1,000,000. Another key benefit of offshore companies related to taxation, in comparison to companies incorporated onshore, is that offshore companies do not need to file annual tax returns and/or audited accounts. This significantly decreases overall compliance and business costs. Below, you will find a chart showing annual offshore taxes in various countries, listed starting with the lowest offshore tax jurisdiction. Please note that these fees do not include registered agent/office fee also payable on company’s renewal. The agent fees vary across jurisdictions. See the relevant page on the overall offshore renewal fees: OFFSHORE TAX COMPARISON CHART OFFSHORE COMPANY OFFICIAL DESIGNATION OFFSHORE TAX Seychelles Company Seychelles IBC $100 Belize Company Belize IBC $100 Dominica Company Dominica IBC $150 Anguilla Company Anguilla IBC $200 Anguilla Company Anguilla LLC $200 Nevis Company Nevis Business Corporation $220 Nevis Company Nevis LLC $220 Panama  Company Panama Corporation $300 Panama Company Panama Private Foundation $300 BVI Company BVI BC $350 Bahamas Company Bahamas IBC $350 OTHER OFFSHORE TAXATION The offshore companies listed in the above table are the most popular and affordable entities for offshore incorporation. However, there are other offshore jurisdictions that tend to charge higher fees and/or apply percentage of income taxation. Nevertheless, they may offer unique financial, legal and reputational benefits. If you are interested to obtain information about sophisticated offshore tax structures, please contact us. These offshore structures may also yield zero taxation as in the case of Hong Kong Companies. Hong Kong companies do not pay taxes on incomes derived from offshore activities, that is, if a Hong Kong company’s business is in Europe, it may be exempt from all taxes in Hong Kong. The drawback of Hong Kong companies is that they must file audited tax returns with the local tax authorities unless the company is deemed dormant. This means that a Hong Kong company must keep proper financial records, including balance sheets, income statements and be able to show all invoices and bank statements. A Hong Kong based auditor must review these transactions and file audited accounts. Furthermore, local tax authorities may request supporting information, copies of financial records in case further questions arise. As in the case of Hong Kong companies and companies, incorporated in other offshore countries, Unitrust Capital Corp is able to provide your company with a variety of services for full compliance, including the initial offshore incorporation, subsequent renewals, preparation of audits and relevant tax filings. Please contact us to obtain further details about offshore incorporations, offshore taxation and/or banking solutions worldwide. Return to Offshore Incorporation home. Related Pages Offshore Registration Offshore IBC Offshore Limited Liability Company Offshore Trading Company Offshore Holding Offshore Countries Offshore Tax Havens

	ANGUILLA	BELIZE	BVI	BAHAMAS	SEYCHELLES	NEVIS	PANAMA
	CANADA	DELAWARE	HONG KONG	CYPRUS	GIBRALTAR	UK	MORE..

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