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Offshore companies
may bring a number of benefits to individuals or companies.
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- business
may be structured so that profits are managed in ways
that minimize their overall tax liability.
- except for
regulated businesses, such as banks or other financial
institutions, some jurisdictions make it relatively
simple to set up and maintain companies.
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- the level of information required
by the registrar of companies varies from jurisdiction to
jurisdiction.
- it is possible to organise
assets and transactions in such a way that assets are shielded
from future liabilities.
- by carrying out transactions
in the name of a private company, the name of the underlying
principal may be kept out of documentation. However current
anti-money laundering and anti-terrorism regulations very often
require banks and other professionals to properly look through
structures and beneficial owners.
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