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March 2021
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We at Atrium Associates are dedicated to offer you with the best quality service as well as help you with offshore company incorporation, maintain them and offer consultancy services for you. What is an offshore corporation, and how to set it up?
How a corporation is taxed? Due to differing tax rates as well as legislation in each country, tax advantages can be exploited. For instance, if a Russian Company buys goods for the worth of $100000 from China as well as sells them for $220000, the Russian Company will have to pay chargeable income on $120000. How a corporation can set up an offshore business in Tax Haven and maximize profit? The offshore corporation will have to pay tax on $120000 profit, the tax is allocated to the tax authority of the British Virgin Islands plus Since the British Virgin Islands has a corporate tax rate of zero percent, no taxes are owed. Main advantages of using an Offshore Company Tax Reducing Offshore jurisdictions are tax-free environments. There is no business tax, no income tax, capital gain tax, no vat or else sales tax. Confidentiality An Offshore Corporation that has been established appropriately will give the owner financial confidentiality.
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