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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

Transparent World: International Exchange of Information.

September 27, 2016

Probably every businessman involved in international business, is interested in the issues of confidentiality and has heard about the new rules related to the international exchange of tax information.

Noticing the importance of this topic for the customers, specialists Offshore Express Company specialists decided to share their experience in this field.

So, what does the exchange of information mean? How does it go? What is the legal basis? How did the idea of its implementation appear? This publication considers these issues in more detail.

International Tax Planning

Tax planning has always played an important role in international tax law. For example, the fundamental principles of taxation of multinational companies were laid in the 1920s. Companies, such as Apple, Google, Starbucks, etc., or rather their tax consultants, only resorted to the use of legal opportunities to create businesses around the world. This helped to significantly reduce payment of taxes and increase profits. It should be noted that as long as multinationals operate within the legal framework, tax planning is not against the law.

In turn, for many years, different states have taken legislative measures to reduce the opportunities for international tax planning by multinational corporations. And this is due primarily to the fact that tax planning significantly reduces the tax revenues in these states!

But not only individual states objected to such practices, many of them joined their efforts at the international level. This is how the Organization for Economic Cooperation and Development (OECD) appeared.

 Double Taxation

 In 1921, experts in the field of public finance from Germany, Italy, the USA and Great Britain presented a report on double taxation. Further discussion led to the creation in 1928 the first model agreement for the avoidance of double taxation and Mexico (1943) and London (1946) model agreements. With the cessation of the existence of the League of Nations, the work in this direction was continued by the OECD.

In 1963 OECD created a Model Tax Treaty with the Commentary and the OECD Council recommended member countries to further use these documents as a basis for negotiations. Further, in 1977 the OECD published the Model Convention on tax affairs and Commentary on it.

Subsequently, the effect of the Model Convention expanded far beyond the OECD area and it has become a reference document. On its basis the United Nations has developed a number of conventions between developed and developing countries.

International Exchange of Information

In recent years, the international tax planning strategies of multinationals have become a source of international debate. As a result, the OECD in 2013-2014 developed, approved, confirmed and implemented a new Standard for automatic exchange of information in tax matters.As of July 2016 one hundred and one jurisdiction have adopted the Standard, many of these countries have signed a multilateral agreement. Numberofsuchcountriesisconstantlygrowing.

In general, the Standard describes the information that is exchanged, namely, detailed information on the beneficial owners (name, resident address, tax identification number, date and place of birth, account number and the name of the reporting financial institution – bank, insurance company, as well as the balance at the end of the calendar year – December, 31).

Individuals and legal entities are accountable according to the standard. In contrast to the US Law on tax returns on foreign accounts (FATCA), OECD Standard has nothreshold amount for the account of a natural person. At the same time, for the existing legal entities, the threshold amount is $ 250 000. Thus if the account of the legal entity is kept less funds, this entity is not considered accountable for the purpose of the Standard and the information would not be exchanged.

How Does the Exchange Go?

During the reporting period banks and other financial institutions gather the information about the beneficial owners of other countries. This information is systematized, encrypted and transmitted to the tax bodies with the help of special IT platforms. Then tax bodies exchange this information with countries whose residents are beneficial owners of the accounts.

It should be noted that the Standard allocates tax residency, but not country of nationality, as the determinant of the jurisdiction where the information will be sent.

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