TAX AVOIDANCE FOR RESIDENT BUSINESS BY ESTABLISHING OFFSHORE COMPANIES

Until nowadays, a wide spectrum of offshore services satisfying various business needs has been developed. The offshore industry has turned into a global business, and reached all corners of the world, covering about a half of the world’s financial transactions. The offshore companies are a solution for everyone who is planning new activity and are interested in business development and tax reduction.Over the last twenty years, increasing client demand for offshore facilities has mostly resulted in political and economical instability, market globalization, high tax regimes and more effective tax recovery. Clients often ask which offshore area is the best for company incorporation. The answer really depends on the intended use of the offshore entity and the client’s own personal or business reasons.