tko
Member
Cash: $ 0.35
Posts: 15
Joined: 16 Jan 2010
Location: USA
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| Tax free countries |
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Does anyone have a list of tax free countries?
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Sat Jan 16, 2010 4:09 pm |
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Elmira Nancy
Preferred Member
Cash: $ 26.90
Posts: 136
Joined: 01 Dec 2009
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Apparently there are some regions in Europe that are either "tax-free" to certain types of residents (artists, retirees) or near-zero tax rates apply.
TradeStation Review
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Wed Jan 27, 2010 7:09 am |
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Sime
Senior Member
Cash: $ 74.85
Posts: 387
Joined: 19 Mar 2009
Location: United Kingdom
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Yeah, but I bet everything costs a freakin' bomb.
Jepps Books | Jeppseirawan | Jepps Music
"I like this ship!" ~ Scotty
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Wed Jan 27, 2010 5:07 pm |
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offshore
New Poster
Cash: $ 0.40
Posts: 2
Joined: 30 Jan 2010
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[deleted]
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Sat Jan 30, 2010 4:38 am |
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offshore
New Poster
Cash: $ 0.40
Posts: 2
Joined: 30 Jan 2010
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| Panama |
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1. Holding company for real estate in Panama or elsewhere;
2. Holding assets internationally on a favourable tax basis whereby assets can be transferred between persons in a private transaction through the delivery of shares rather than an exchange of the underlying assets themselves;
3. Business start-up in Panama, such as a consulting service internationally or a hotel in the tourism industry;
4. Conduct business in any jurisdiction in which a local or domestic corporation may conduct business;
5. Investment and banking; and
6. Borrow or lend money.
Benefits:
A Panamanian corporation offers the following benefits:
No reporting requirements (since Panama has a territorial tax system, while the income is earned offshore or from exempt sources, such as interest on bank accounts, then the corporation is not required to present tax returns or audited accounts).
While the income earned by the company is not Panamanian-source income, there will not be any income tax due in Panama and hence no tax returns necessary here.
Funds and accumulated offshore profits can be deposited or invested in any country in the world without becoming subject to taxation in Panama.
It is possible to keep a business under direct control while maintaining complete confidentiality. This is possible because the names and details of the beneficial owners are not publicly available, since they are not filed at the public registry.
The company is not required to file any changes to ownership schedule, after the registration is complete, which means that only the directors of the company will know who the shareholders are (since they maintain the company records and will be responsible for the issuance of the share certificates).
It is not required to maintain a legal address, such as a Registered Office in Panama. Nevertheless, every Panamanian corporation has a Registered Agent in Panama, which must be a lawyer or a law firm.
There are no Citizenship or residency requirements or restrictions with respect to Owners, Directors and Officers of the company.
Shareholders' and Directors' meetings may be held anywhere in the world.
Shares of the company may be issued in a registered form or to "Bearer", known as bearer shares.
One person may hold all three offices of the President, Corporate Secretary and Treasurer of the Company.
Other common advantages of Panama's IBC's are:
Asset Protection
Income Tax Reduction or elimination
No inheritance, succession or gift taxes
Protection from inflation, since Panama's currency (the Balboa) is pegged to the US dollar, in Panama there is no inflation upon the devaluation of the Balboa. Nevertheless, the Panamanian economy is subject to the fluctuations of the US Dollar, particularly against the Euro.
Freedom from currency exchange control
Reduction in legal liabilities, since the company has limited liability
Reduction in operating expenses
Easy access to North American and European Capital Markets
No International Trade Tariffs
No annual tax return requirements
No import/export quantity limitations
Panama Brokerage
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Sat Jan 30, 2010 4:44 am |
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