Business And Tax Havens Have A Natural Affinity For Each Other
By Ramapati Singhania
When organizations think of doing business offshore they take into consideration many factors before taking the final decision. However one factor that is always foremost in their agenda is the tax policy prevalent in the offshore destinations under focus.
Of course, countries with low trading taxes are the most preferred. As such business and tax havens are co-related and plays an important role in the choice of offshore destinations for business purposes. There are many low tax haven countries in the world like Switzerland, Seychelles, Mauritius, British Virgin Islands and Dubai or Ras Al Khaimah, United Arab Emirates, among others, where taxes are quite low and are hence favorable for organizations wishing to incorporate.
Preferred business and tax havens countries are British Virgin Islands near the USA and Seychelles and Dubai, United Arab Emirates in Asia. Till 2005 the only significant tax levied in the British Virgin Islands [BVI] here for local companies was the income tax though there are also other taxes like customs duties and real estate taxes these are quite low in comparison to other regions. If you are looking for both business and tax havens together then the British Virgin Islands can be a good option because here the government is very responsive to your business needs. Moreover the legal system is flexible and also straightforward.
Even the country of Seychelles can be favorable for your businesswhere the tax regime is conductive to offshore business establishment and growth. Offshore operations are inexpensive here because it is a relatively new tax haven looking to make a name for itself, and so your search for business and tax havens might get an answer in this country.
When it comes to low taxes, Dubai or Ras Al Khaimah, United Arab Emirates [UAE] are also a good option as they are the largest free trading area in Arabia with no income taxes, withholding taxes or capital taxes. The other two top tax havens preferred by most investors in the USA and Europe are Panama and Switzerland, with Panama being the preferred one since the last few years because investors are impressed by its level of bank secrecy laws and high level of asset protection. For getting the best business and tax havens countries you need not get confused as the best countries are always at the forefront and you just need to set your priorities right to get the wheel rolling.
If you are already planning for offshore investments then it would be better to get some references from well-documented books on the subject that would go a long way in guiding you towards the right destination. There are several books available off the shelf or even online.
Book guide haven on offshore tax and guide on haven offshore tax ultimate are two topics on which you can find many books and websites on the internet. Such books have enough materials to enlighten you on the subject and give you a fascinating insight about tax haven countries and contain indispensable information on the worlds best tax havens. You will also learn how big corporations and the wealthy use tax havens and how you too can enjoy these benefits legally with a little bit of planning and tact.
About the author
Ramapati Singhania specializes in creating and managing web businesses. His latest website http://www.incorporation-offshore-saves-wealth.com focuses on helping you to incorporate offshore companies in Seychelles, Mauritius and BVI. You can also visit his blog, http://www.ramapatisinghania.com from http://www.FreeArticlesAndContent.com
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