Offshore business is about using the possibilities offered by countries (commonly known as Jurisdictions), whose legislation allows for certain advantages (tax, confidentiality, company structure, etc.) to be used by non-residents.

This means that a country, or Jurisdiction, will allow registration of a company and offer them certain tax freedoms in exchange for an annual licence fee. It is normally a legal requirement that the registered company must not conduct any business or own any assets in the Jurisdiction of incorporation.

COMPARISON CHART OF OFFSHORE JURISDICTIONS
Jurisdiction/Type of Company Taxation Local directors required
PREMIER OFFSHORE JURISDICTIONS
Anguilla IBC Nil No
Bahamas IBC Nil No
Belize IBC Nil No
BVI BC Nil No
Cayman IslandsExempt Nil No
Cook Islands IC Nil No
Dominica IBC Nil No
Marshall IslandsIBC Nil No
Nevis Business Corporation Nil No
Nevis LLC Nil No
Samoa IC Nil No
Seychelles IBC Nil No
St Vincent IBC Nil No
Turks and Caicos IslandsIBC Nil No
UAE (RAK Offshore) Nil No
Vanuatu Exempt Nil No
Vanuatu IC Nil No
POPULAR OFFSHORE JURISDICTIONS
Cyprus IBC 10% Advisable
Gibraltar Non Resident Nil No
Isle of ManResident LLC Fiscally transparent No
Isle of ManLimited Partnership Nil Yes
Isle of ManPrivate Limited 0% – 10% No
Isle of ManHybrid 0% – 10% No
Isle of Man New Manx Vehicle 0% – 10% No
Hong KongPrivate Limited Nil on Foreign Profits No
Liechtenstein AG 12,5% No
LuxembourgS.A.R.L. Normal rates Advisable
Luxembourg1990 SOPARFI Holding Normal rates Advisable
Mauritius GBC I 0% – 3% Yes
Mauritius GBC II Nil No
New Zealand Ltd 0% – 30% Yes
Scotland – LP Fiscally transparent Not apllicable
SingaporePrivate Limited Nil on Foreign Profits Yes
United KingdomLLP Fiscally transparent Not apllicable
United KingdomPrivate Limited 20% – 26% No
CARIBBEAN OFFSHORE JURISDICTIONS
Anguilla IBC Nil No
Bahamas IBC Nil No
Barbados IBC 1% – 2.5% No
Belize IBC Nil No
Bermuda Exempt Nil Yes
BVI BC Nil No
Cayman IslandsExempt Nil No
Dominica IBC Nil No
Nevis Business Corporation Nil No
Nevis LLC Nil No
St Vincent IBC Nil No
Turks and Caicos IslandsIBC Nil No
EUROPEAN OFFSHORE JURISDICTIONS
Cyprus IBC 10% Advisable
Bulgaria Private Limited 10% Yes
Denmark ApS 0% – 25% Yes
Denmark A/S 0% – 25% Yes
Gibraltar Non Resident Nil No
Hungary Private Limited 10% Yes
Ireland Resident Private Ltd 12.5% No
Isle of ManResident LLC Fiscally transparent No
Isle of ManLimited Partnership Nil Yes
Isle of ManPrivate Limited 0% – 10% No
Isle of ManHybrid 0% – 10% No
Isle of Man New Manx Vehicle 0% – 10% No
Jersey Resident Private Ltd 0% – 10% No
Liechtenstein AG 12,5% No
LuxembourgS.A.R.L. Normal rates Advisable
Luxembourg1990 SOPARFI Holding Normal rates Advisable
Malta Private Limited Liability Company 5% – 35% No
Netherlands BV 20% for taxable income up to EUR 40,000, 23% on taxable income above EUR 40,000 and not exceeding EUR 200,000 and 25.5% above EUR 200,000 No
Scotland – LP Fiscally transparent Not apllicable
Switzerland AG/SA/LTD Yes/ Varies Yes
SwitzerlandGmbH/SARL Yes/ Varies Yes
United KingdomLLP Fiscally transparent Not apllicable
United KingdomPrivate Limited 20% – 26% No
CENTRAL & SOUTH AMERICA OFFSHORE JURISDICTIONS
Costa Rica Stock Corporation Nil No
Panama Non Resident Nil No
ASIAN OFFSHORE JURISDICTIONS
Hong KongPrivate Limited Nil on Foreign Profits No
SingaporePrivate Limited Nil on Foreign Profits Yes
UAE (RAK Offshore) Nil No
AFRICAN OFFSHORE JURISDICTIONS
Mauritius GBC I 0% – 3% Yes
Mauritius GBC II Nil No
Seychelles IBC Nil No
AUSTRALIA, NEW ZEALAND & OCEANIA OFFSHORE JURISDICTIONS
AustraliaProprietary 30% Yes
Australia Public 30% Yes
Cook Islands IC Nil No
Marshall IslandsIBC Nil No
New Zealand Ltd 0% – 30% Yes
Samoa IC Nil No
Vanuatu Exempt Nil No
Vanuatu IC Nil No
USA & CANADA
Canada – Federal Corporation Corporate Income Tax 11%-16,5%. Provincial or territorial corporate tax rate varies from province to province. Yes
Canada – Ontario Corporation Corporate Income Tax 11%-16,5%. Ontario Corporate Income Tax 11%. Yes
Canada – New Brunswick Corporation Corporate Income Tax 11%-16,5%. New Brunswick Corporate Income Tax 5%-10%. No
Delaware LLC* Fiscally transparent No

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