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The selection of the most suitable jurisdiction for either international trade or investment can often be difficult and requires very careful consideration. Most offshore jurisdictions are free from foreign exchange controls and have introduced company legislation to cater for a diverse range of international business requirements. It is important to select a jurisdiction that is well-suited to specific corporate and personal needs.

Moreover, of all the choices you make when starting a business, one of the most important is the type of legal structure you select for your company.

Not only will this decision have an impact on how much you pay in taxes, it will affect the amount of paperwork your business is required to do, the personal liability you face and your ability to raise money.

The choice among numerous offshore jurisdictions can be a complex decision. Some factors should be taken into consideration. Each offshore financial centre carries its own set of advantages, benefits and possible trade off.

> The most suitable jurisdictions where to incorporate

Are you looking for an offshore solution for your tax planning or investments projects? Do you worry about asset protection? If the answer is yes, then offshore structures can more than meet the challenge. However, it’s not always easy to find acceptable and cost-effective offshore solutions. That’s where we come in. TBA offers a complete line of efficient, competitively priced offshore services for service providers, corporations, entrepreneurs, and wealthy individuals.

Our track record speaks for itself. Since 1998, TBA & Associates has provided thousands of company formations and hundreds of offshore bank referrals to satisfied customers in North America, Asia and Europe. International Business Companies and Bank Accounts come complete with offshore debit/credit cards and online trading capability. Nominees and Virtual Offices worldwide are provided as well.

Tell us a little about your requirements or the information you require and a consultant who speaks your language will contact you directly to discuss and establish the best solution to meet the challenge of your particular situation. Ask us to contact you or contact an office to set up an appointment.

> The most suitable jurisdictions where to incorporate

Today legality and appearance are the essential requisites for the offshore entrepreneur. In many circumstances, it is not desirable to raise invoices in the name of an exotic offshore company, nor is it possible to ask your offshore company’s clients or trading partners to make payments to a bank in an obvious offshore tax haven. Remember that the books of your customers or trading partners are open to scrutiny by their local tax authorities and dealings with offshore havens (even if legal) are viewed with skepticism, if not suspicion. Tax authorities of high-tax nations are aware that offshore companies can be used for illegal tax evasion by businesses that need to “reduce” their taxable profits before year-end.

Not all offshore companies are treated equally by partners and tax authorities. Quite often more sophisticated low tax structures are demanded for trading and holding, rather than companies registered in tax havens (as Panama, Belize or BVI).

A properly configured and managed business structure can provide substantial tax benefits, protect assets, improve business efficiency, reduce costs and maintain confidentiality.

An improperly configured business structure is a recipe for disaster for the owner and his business.

> Read More About New Offshore Solutions

Tax efficient trading in the procurement and supply of goods and services is key to the success of many ventures. Through the use of certain corporate entities, clients are afforded treaty relief and other key benefits.

International Trade Solutions is a complex world and different situations demand different responses. So, you need the right international trade solutions at your disposal – to help you manage credit risk, finance transactions or keep your business under a proper tax-planning structure, from wherever you do business.

TBA offer you the global network, services and expertise you need.

Our global network, long-standing trade expertise and complete range of international trade solutions can meet all your in-country, regional or global trade service’s needs, and fit your operational requirements.

Our award-winning trade services and trade advisers (who, in the UK, are certified by the Institute of Export) can help to strengthen your international trading and ensure the results your business needs, in all your markets.

> Check some of our Case Studies

Tax planning is a process individuals, businesses, and organizations use to evaluate their financial profile, with the aim of minimising the amount of taxes paid on personal income or business profit.

Opportunities arise when you work internationally, your business trades internationally or when you invest internationally.

A well-known tax advisor once said: “Any multinational company that pays more than 5% tax should fire their tax advisor.”

In the globalized world, tax planning structures have become available for small and medium sized businesses. You might not be able to achieve the same tax planning results as the big multinationals, but with our help and depending on your situation you should be able to slice a substantial amount off your tax bill.

If you’re operating across borders, or competing in multiple jurisdictions, complying with local tax laws, reporting requirements and statutory filings — not to mention staying on top of new legislative developments — is more than a full-time job for your tax department.

> Maximize tax efficiencies and minimize risk

Asset protection is a type of planning intended to protect one’s assets from creditor claims. Individuals and business entities use asset protection techniques to limit creditors’ access to certain valuable assets, while operating within the bounds of debtor-creditor law.

Asset protection helps insulate assets in a legal manner – without engaging in the illegal practices of concealment (hiding of the assets), contempt, fraudulent transfer (as defined in the 1984 Uniform Fraudulent Transfer Act), tax evasion or bankruptcy fraud. Experts advise that effective asset protection begins before a claim or liability occurs, since it is usually too late to initiate any worthwhile protection after the fact.

In the current economic climate and most probably for some years to come, the Governments of most countries will continue to focus on increasing tax revenues.

The tax regime is becoming ever more complex and as a result all taxpayers need professional advice and support in order to ensure that they pay the minimum tax that is required by law.

At TBA we can help you to create wealth, protect assets and extract capital from your business in the most tax efficient manner.

> The most effective Asset Protection Solutions

A Trust is one of the most flexible existing financial mechanisms, able to handle almost any purpose. Its concept is based on the separation of legal ownership of the Trust assets (which rests with the Trustees) from the beneficial ownership (which rests with the beneficiaries). It has been specially designed to achieve the best asset protection.

A Trust is a legal device that allows title to – and possession of – property (asset) to be held, used and/or managed by one person, the trustee, for the benefit of another different person or group, the beneficiaries.

In these privacy aware jurisdictions, there is no requirement to register the Trust with the government, and the terms of the Trust agreement and the Beneficiaries are protected against disclosure, they are not available in public records either.

The Trustees aren’t allowed to disclose information about the Trust unless a local court order requires it. But in this can, you can appoint your own IBC as the Trustee, thus full controlling this feature.

> TBA services in Wealth protection planning

We believe that wealth protection planning should be an essential component in the development of financial strategies of all who have achieved, or aspire to attain, independent financial success and for those who are fortunate to have inherited family wealth. Modern day financial planning is incomplete without due consideration of wealth protection issues.

Unless the proper techniques of wealth protection are applied, much of that wealth will be lost in coming years through the failure of benefactors and their advisors to take the appropriate steps to protect the asset base from a variety of risks and contingencies.

TBA offers a specialised service in wealth protection planning focused primarily around the use of entities based in international finance centres. We assist professionals and their clients to develop appropriate asset protection strategies to preserve wealth. When it is necessary to consider domestic legal issues, we work with specialist outside legal counsel.

For clients residing in or investing into countries with highly litigious legal systems or a high level of commercial or political risk, we offer an international wealth protection service provided by our New Zealand and Cook Islands offices.

> TBA services in Wealth protection planning

In general, Private Foundations are used by people who wish to control and maintain ownership of foreign corporations; however, they do not wish to own their corporations themselves directly, due to the Controlled Foreign Corporation (CFC) rules in their home countries. Several highly taxed countries such as the UK, Canada, USA, Australia, New Zealand, France, Italy, Spain, etc. have CFC rules which require that their citizens submit declarations (reports) to the appropriate tax authorities, in which they declare that they are the shareholders of such foreign corporations.

Instead of holding the corporations’ shares in their personal name or in bearer form, they establish a Private Interest Foundation in Panama that holds or owns the shares of their foreign corporation(s), thus avoiding the CFC reporting rules. Hence, the advantage of using the Foundation as a shareholder for their corporation is to remove ownership from one’s personal name (or through a Bearer Share arrangement), and transfer ownership to the name of a foreign entity which does not have owners, rather has privately appointed beneficiaries, which are anonymous. In this way, there is no question as to who owns the company, since the company’s shares are issued to the Foundations’ name.

> Advantages and Uses of Private Interest Foundations

A holding company usually collects the dividends (profits after tax) of the subsidiary company as free from tax as possible and does not tax pure participation profits.

In addition, further distributions from the holding companies usually only have a lower tax levied on them or, in other and best-case scenarios, they are full tax exempted – no tax on dividends being paid to the shareholders of the holding company or umbrella company.

In addition, Holding companies can substantially reduce the taxable profit of the subsidiary companies, by invoicing the subsidiaries in respect of their activities, same also applying in the case of holding companies holding industrial property.

In case the subsidiary companies are located within the European Union, Cyprus and Netherlands, in particular, have a so-called holding privilege, which means there will be no taxation of proceeds purely from holdings.

Cyprus offers further benefits in this connection, considering it will be tax exempted at source in the event of further distributions to non-Cypriot owners, and even under non-DTA circumstances, active income is taxed at a rate of only 12.5%.

> Advantages of Holding Companies

Intellectual property (IP) can be anything from a particular manufacturing process to plans for a product launch, a trade secret like a chemical formula, or a list of the countries in which your patents are registered. It may help to think of it as intangible proprietary information. The formal definition, according to the World Intellectual Property Organization is creations of the mind — inventions, literary and artistic works, symbols, names, images, and designs used in commerce. IP includes but is not limited to proprietary formulas and ideas, inventions (products and processes), industrial designs, and geographic indications of source, as well as literary and artistic works such as novels, films, music, architectural designs and web pages.

Your company’s intellectual property, whether that’s patents, trade secrets or just employee know-how, may be more valuable than its physical assets. This primer covers everything from establishing basic policies and procedures for intellectual property protection.

From a legal standpoint, there are four types of intellectual property (Patents, Trademarks, Copyrights and Trade secrets). IP registered in one of those categories with state and federal agencies is protected by law, and if infringed upon or otherwise abused, the infringers can be prosecuted.

> How should I protect my IP?

Whilst we respect and honor all our clients’ confidentiality, TBA is committed to undertake full and thorough due diligence on our clients’ identities, place of residence and nature of their businesses.

To this regard, we need to be fully appraised of both the objective diagram behind the establishment of corporate structure and its modus operandi.

> Read TBA´s Procedures & Compliance