Uses and advantages of companies
There can be many advantages in setting up a company and the choice of company type and the jurisdiction of its domicile will largely depend on a client’s individual requirements and situation. The list below outlines some of the most common benefits to establishing an offshore corporate structure.
Ownership of real estate – For an overseas investor, holding UK property (or other assets) via an offshore company can mitigate capital gains and inheritance taxes which can be particularly onerous. In addition, individuals seeking to buy a second property abroad may be able to mitigate certain taxation liabilities through the use of this type of structure.
Investment companies can be afforded a high level of security confidentiality and tax efficiency when they are established in certain offshore jurisdictions. Many people establish an offshore investment company to protect privacy.
Many yacht owners select to purchase their vessel via a corporate structure. In addition to the confidentiality this affords, corporate ownership also can limit exposure to potential tax liabilities. Yacht owning companies are commonly employed to facilitate registrations on the British Register of Shipping and to mitigate VAT in certain specific situations.
We have a specialised Marine Services team which can handle all documentary and administrative requirements for the vessel.
Trading companies – by routing trading transactions tax‑efficiently, trading companies can boost profits from international trade. These companies also enable transactions to be routed through a third party, ensuring confidentiality. Trading companies can be used for a wide range of business operations such as consultancy services, property development, financing – the profits of which can accrue in the company.
Trade marks, patents etc. can be held by an offshore company and accrue profit via granting leases and rights, to individuals or corporations resident in other jurisdictions.