Offshore companies are companies that are based in a tax haven because of the anonymity or protection of property, tax optimization and efforts to reduce the tax burden.
Originally offshore company comes from the Anglo-Saxon business law used in most of the countries that were under the English colonial administration. (most of the destinations that offer the possibility of establishing this kind of business are located on the island = offshore).
Advantages of offshore companies:
- - basic capital is not required
- - rapid establishment of the company
- - tax advantages - if the company does not develop its activities in the home country, the tax liability is fulfilled by flat annual fee
- - anonymity - the possibility of using nominee services
The most popular structure is a foreign offshore company as the sole shareholder of Czech companies, other structures are possible and there are many, depending on the needs.
