The most frequent motive for entrepreneurs to set up offshore companies is to minimize their tax burden as much as possible. This can be achieved in many countries, usually by virtue of legal regulations binding within their territory.
In many countries these regulations are so favorably designed towards entrepreneurs that they allow for a total tax exemption on the revenues achieved by their companies. On top of that, they are not required to file tax returns. Other countries, such as Cyprus or Malta apply very low tax percentage rates.
Setting up such companies brings also a number of additional benefits. Examples of these are the ensuring confidentiality of the personal details of the owner through assigning shareholders and directors, lack of import/export limitations or a broader access to international trade.
CGO Legal law firm specializes in tax optimization with the use of offshore companies. We render consulting services and offer practical assistance and support in setting up such companies.
To find out more on our offer please visit our dedicated website offshore.cgolegal.pl or contact us directly.