Offshore and onshore are two english terms that apply to companies when it comes to their geographic locations. To avoid confusion, we will underline in this article the difference between an offshore and onshore company. difference between offshore and onshore: definition of an offshore company When we talk about offshore, we mean something that is…
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1. Absence of VAT : the key benefits of an offshore yacht By buying your boat through an offshore company, you are buying it tax-free. This represents a very strong reduction in the purchase price if we consider, for example, that the VAT amounts to 20% in the UK. You can for instance choose to create…
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There are many reasons to register your boat or yacht in an offshore territory, including the absence of capital gains tax, low registration and management costs, and the absence of VAT when purchasing. If you’re considering how to register a yacht offshore, these advantages make offshore registration an attractive option for many boat owners. But…
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Introduction to Tax Havens If you’re seeking a brief introduction to Tax Havens, this article is tailored for you. First, let’s begin by stating that there are many tax havens, but not all are created equal. Each has its own specialty, and in some cases, multiple specialties. This often encourages, as part of global tax…
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If you have read our article about the 6 reasons to open an offshore bank account, you may be interested in an offshore account. Let’s now answer one last concern: is offshore banking legal? Let’s find out in this article! What is legal Let’s start with an important reminder. An offshore bank is nothing more…
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If you are reading this article, it may be because you are interested in offshore subjects. But, do you really know what an offshore bank account is? We explain everything in this article. Offshore bank account – Definition When we talk about offshore, we mean something that is “off the coast”. Thus, in this case,…
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