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Seychelles general information

Seychelles: general information

Presentation of general information about the Seychelles, peculiarities of the historical, political and economic development, investment environment, business industry and set of financial instruments as well as international reputation of the jurisdiction

Seychelles general information
Why to choose Seychelles?

Why to choose Seychelles?

Detailed research of features and advantages of all business companies types which could be incorporated within the jurisdiction of the Seychelles

Why to choose Seychelles
Seychelles: IBC & CSL

Seychelles: IBC & CSL

The brochure is devoted to research registration process, capabilities, tax rates and application practice in business environment of Seychelles IBC and CSL.

Why to choose Seychelles
Seychelles: Foundations, Trusts, Limited Partnerships

Seychelles:
Foundations, Trusts, Limited Partnerships

The brochure deepen in the essence of the next types of Seychelles entities such as foundations, trusts and limited partnerships which are considered suitable vehicles for international tax planning, assets protection and other financial activities.

Why to choose Seychelles
Seychelles: Cooperation between companies

Seychelles:
Cooperation between companies and banks

The brochure provides considering relationships between banks and entities that is a natural extension of opening an entity in the Seychelles.

Why to choose Seychelles
Seychelles: frequently asked questions

Seychelles:
frequently asked questions

The brochure summarizes the survey about Seychelles offshore and answers some frequently asked questions, which arise when acquainting with the Seychelles jurisdiction.

Why to choose Seychelles
UNITED KINGDOM: OVERALL REVIEW

UNITED KINGDOM: OVERALL REVIEW

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: OVERALL REVIEW
UNITED KINGDOM: LTD & LLP (part 1)

UNITED KINGDOM: LTD & LLP (part 1)

This brochure presents an information about tax rates and tax residence status in the UK. In addition, it is studying the details of the most demanded business structures, particularly Private Company Limited by shares (LTD) and Limited Liability Partnership (LLP)

UNITED KINGDOM: LTD & LLP (part 1)
UNITED KINGDOM: LTD & LLP (part 2)

UNITED KINGDOM: LTD & LLP (part 2)

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: LTD & LLP (part 2)
Public Limited Company

Public Limited Company

In this brochure, the leading experts of our company provide answers on the most popular questions related to this business structure. There is an excellent possibility to fill up your knowledge by information about doing business with the help of Public Limited Companies, receive an explanation on the rules how to sell the company's shares on the stock market and other advantages.

Public Limited Company
Scotland: WHY NOT?

Scotland: WHY NOT?

This brochure fulfilled the UK jurisdiction series with Scottish business structures. All the requirements, practice of application, advantages, main differences between the UK LLP and Scottish LP and other issues are examined in this survey.

Scotland: WHY NOT?
Hong Kong: Comprehensive Review

Hong Kong: Comprehensive Review

This brochure dedicated to inform about business atmosphere and business facilities in the studied jurisdiction, explain the reasons of popularity of Hong Kong entities for tax-optimisation purposes. Familiarity with this brochure is the first step on a way to the possibility of carrying on successful business in stable economic conditions of Asian region with maximum benefits.

Hong Kong: Comprehensive Review
Hong Kong: Choosing Business Vehicles

Hong Kong: Choosing Business Vehicles

The present research concerns the most popular forms of business organization in Hong Kong, as well as the basic rules of their use for the purposes of breaking down the tax burden. The brochure contains a number of clarifications regarding the demand for offshore structures in Hong Kong, a minimum set of requirements for the establishment and registration procedures.

Hong Kong: Comprehensive Review
Hong Kong: Frequently Asked Questions

Hong Kong: Frequently Asked Questions

This brochure summarizes the research concerning the reasons of popularity, business opportunities, tax rates, companies and partnerships in Hong Kong. This is an interview where our manager answers frequently asked questions, appeared during the time of studying the Hong Kong jurisdiction.

Frequently Asked Questions
Business Purposes: Regular Practice

Business Purposes: Regular Practice

The brochure says on corporate and classical targets of Hong Kong enterprises, provides examples of practical use of the enterprises established in Hong Kong. Here we specify the long-term and short-term goals of business structuring, as well as the use of Hong Kong enterprises to operate as a trading company, the company, opening a representative office in China and a holding company, which owns the rights to ownership of the company in China.

Business Purposes: Regular Practice
UnitedKingdomOverallReviewBrochurePopup
HongKongOverallReviewBrochurePopup

Tax Evasion and Tax Avoidance: What is the Difference?

June 22, 2016

In modern world people find out a lot of information about different things. Due to a famous offshore leak named “Panama Papers”, such terms as an offshore company formation and offshore banking business are became known to the general public. But, unfortunately, the real truth of offshore structures remains not opened up to the end.

The worst moment in this situation is that people spread doubtful information about offshore incorporation and opening bank accounts overseas. As a result uncertain rumors generate emergence of others, and people don’t know who can be trusted. Recently offshore business began to be considered as an illegal way for money hiding. Nevertheless, it is not so.

On juridical issues you should hold a lawyer’s consultation, but we can answer to all offshore questions. How to set up an offshore company? How to open an offshore account? How to avoid taxes and is it legal?

Read on if you want to know more about reasons why mass media accuses offshore business owners in illegal activities. We’ll explain to you all about legality of offshore firms and how to use offshore structures for tax planning and for tax avoidance.

The difference between Tax Evasion and Tax Avoidance

It is necessary to understand what is the difference between tax evasion and tax avoidance? Most people used to consider that both of them are illegal methods of saving money and avoiding taxes. But we’ll show you that the difference between tax evasion and tax avoidance is very considerable. In reality, tax evasion is illegal in contrast to tax avoidance that is one of the best legal ways to minimize tax burden and increase wealth. In fact, tax evasion – this is deliberate failure to pay taxes or tax payment in the amount which is lower than necessary. It means illegal actions. Just the opposite – tax avoidance – this is the legal method to decrease taxes.

But why the difference is so important? For one significant reason: legitimate way helps you to be rich, illegitimate way makes you violator of the law which has to pay penalties or even go to the prison.

In order for clear understanding a difference, we suggest to review an example below.

Meet John

John is looking for the best way to minimize taxes that he must pay according to governmental rules by lowering his gross income. He chooses between two options: tax evasion and tax avoidance.

– Tax avoidance
If John is selecting this variant, his main goal will be to concentrate on tax deductions. By lowering all possible tax deductions, he will reduce his gross income and reduce taxes.
For example, if John participates in retirement savings, charities and other Government’s plans, all these actions belong to deductions which are done before taxes. It is a legal way, but it is really hard and burdensome.

– Tax evasion
If John’s corrected gross income isn’t low enough and John wants to get more money, he can choose the other variant – tax evasion. John reports to Government about his gross income but he intentionally doesn’t pay taxes. This way John saves his taxes but also he is exposed to huge risk to be caught.
No one knows how long John can be in safety. The government constantly implements new methods of fight against violators of the law. The Government is always on the check and if John will be caught, he must pay heavy fines, penalties, and even criminal charges.
If you still doubt what way to choose, certainly, tax avoidance is better than tax evasion.

Offshore incorporation – alternative of tax avoidance

Among a set of tax avoidance options that your accountants and tax experts can advise you, the best ones are formation of offshore company or open a bank account offshore, or both variants.

It would be good to repeat once again that legality of offshore formations depends on ways of use. All frightening stories about business owners who deal with offshore – are not entirely true. Only you can decide how to use offshore company – to avoid taxes or to evade taxes. Just act in a right way and nobody will be able to accuse you of illegality.

Probably you want to ask how offshore company can help to avoid taxes? It is easier than you can even imagine. If you move your business and business operations to one of offshore jurisdictions, you can legally reduce your taxes. Almost all offshore centers offer a wide range of advantages for business. For example, corporate tax rate in Cyprus – 12.5 percent, also Cyprus has a high level of maintenance, a stable political and economical situation and other privileges that you can’t have onshore.

Certainly, for better understanding how it works, you should get a professional consultation of lawyer or tax expert. But we honestly say to all our clients that if you avoid taxes, you shouldn’t be scared of sharing your secret information with local authorities.

Of course, if you want to protect your private or trade information from your competitors and outsiders, you can seize the opportunities of your offshore account. It guarantees your privacy.

Conclusion

We hope that now your level of offshore knowledge became wider, especially, when it comes to tax avoidance and tax evasion. The difference between two of these terms are very great and it directly influences on business and non-business life.

If you still have any questions regarding offshore structures and taxes, you can get our free consultation. We’ll help you with pleasure!

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