Benefits of Offshore Company

[stphnstevey]

I was just wondering if there was any tax benefits to my company being registered overseas.

It's hard to find any information on this and it seems that
a) there are larger set up costs involved

b) any tax advantage in the overseas location is negated when company income is distributed to a UK director

Unless your living there as well, it doesn't seem workable?

 

[appyammer]

Also does it depend on your line of business?

 

[paul britton]

Hi
Yes, there can be tax benefits to having an offshore company.
Costs - Benefit and repratriation of profits to the UK are key considerations.
You can find much more info at our blog site.


Kind regards

Paul

 

[paul britton]

...sorry, forgot the blog link: http://yourbooks.com.cy/blog/category/offshore-companies/offshore-companies-ibc-holding-company/