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International Business Companies (further referred to as IBC), also known as offshore companies, are often subjected in their domicile jurisdiction to 0% taxation. Major part of the offshore companies (incorporated in tax havens, such as Seychelles, Nevis, BVI, Belize, Marshall Islands, Dominica, etc.) has no tax liability whatsoever.
The main principles of any IBC tax systems can be defined as follows: there is no tax on capital gains, corporate income, dividends, interests or royalties.
rocky seashore
Another fundamental aspect of IBCs lies in financial reporting requirements, stating that IBCs:
Do not require to file annual returns to the local tax authorities;
Do not submit financial statements;
Do not perform audit for the annual financial statements.
However, from the business perspective, finance and accounting are the most important aspects of your company. Confidus Solutions team is composed of finance specialists and bookkeepers who are well- skilled in international accounting standards and auditing. From accounts payable to accounts receivable, to finance reporting, we are eager to help you to improve your business corporate structure and tax planning.
http://www.confiduss.com/en/services/corporate/accounting/offshore-bookkeeping/
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