Why go offshore?
The term 'offshore' began when islands off the coasts of the USA and Europe were described as 'offshore financial centres'. Their common characteristics were low or no taxes and they tended to have less rigorous compliance requirements than their 'onshore' neighbours. The word became a generic term that included such mainland financial centres as Andorra, Monaco, Liechtenstein and Luxembourg. But every country is offshore to the rest of the world and having a tax-free regime is not always the primary consideration as there may be other reasons for having an offshore company. Surprisingly the United Kingdom (which has some of the lowest tax rates in the European Community and the highest number of double taxation treaties in the world) and some States in the USA are among the largest offshore financial centres in the world.
Jayga Ltd itself does not give tax or legal advice, but we will be pleased to introduce clients to professional advisers in these fields. We work closely with a firm that will provide high quality UK and international tax advice, including structuring investments or businesses abroad, inward investment into the UK, expatriate issues for employers and employees, contracting abroad and property holding companies, etc. They provide "BIG 5" quality advice, and personal service.
No reliance should be placed on the information posted on this website. The information is provided only as a guide and nothing contained herein should be construed as specific advice. Jayga Ltd makes no warranties or representations regarding the fitness for purpose of the content provided. We strongly recommend that all clients seek the best local advice on legal or tax issues. If you are UK Resident and do not have your own professional advisers we will assist you in finding one.