Growing Internationalisation Make Offshore Jurisdictions Attractive
Tuesday, October 12, 2010 17:20As more and more companies and consultants engage in business beyond the borders of their home country, so the desire to move corporate head offices offshore is rapidly increasing. Companies across almost every business sector are moving their head offices abroad in an effort to save tax and find a more benign home for internationally expanding businesses.
Growing internationalisation make offshore jurisdictions such as the British Virgin Islands, Nevis, Ras Al Khaimah and the Seychelles a very attractive option for corporate relocation. Corporate services companies such as Schuss & Co are geared to help companies in their move to a variety of offshore territories and can incorporate a company quickly and efficiently, affording a more friendly regulatory regime and tax climate. Offshore company incorporation is fast, easy and requires less strict accounting practices as those of Europe or the US.
Alex Henderson, tax partner at PricewaterhouseCoopers, has said: Companies are increasingly looking at low tax jurisdictions. It’s not just for the lower tax rate but also for the relative simplicity of incorporating outside the UK.





