Today, the concept of “offshore” is becoming more and more popular every day, its widespread use, of course, is of interest. If experts from the sphere of economics and jurisprudence are very familiar with him, then for the average citizen the meaning of this word does not always remain clear.
So, according to the definition, an offshore is a certain financial center that constantly attracts capital from abroad by providing special benefits and tax privileges to various companies. The offshore zones of the world are very scattered geographically: Gibraltar, the British Virgin Islands, Dominican Republic, Seychelles and even Russia. However, in our country, such an economic arena has a slightly different name, namely the “Zone of preferential taxation”.
Offshore zone. The concept
An offshore zone is a country or part of it where, subject to certain conditions, it is possible not to pay taxes. Also, you do not need to submit an accounting report quarterly. An offshore zone, as a rule, is characterized by a number of privileges, among which the following: a diverse tax regime, financial development, economic stability, etc. Experienced entrepreneurs always pay special attention to her choice, taking into account all of the above factors. To register each specific company, you should choose the most favorable conditions for cooperation.
Offshore zone. Classification
- Classical offshore zone (zero taxation). In this case, the company is obliged to pay a state fee annually to the state, but it does not levy a tax and does not require financial statements. The following zones belong to this species: Cayman Islands, Nevis, Belize, Seychelles, Panama.
- States with a territorial attribute of taxation. In this case, the profit that was received in the course of transactions with sources located in this jurisdiction is subject to taxation. Thanks to this kind of system, it is possible to export goods, on the one hand, and investment inflows, on the other. List of countries: Costa Rica, Malaysia, Brazil, Morocco, UAE, Algeria.
- Countries where tax exemption is provided for certain activities. For example, when making a profit from real estate on the territory outside the offshore zone (Denmark, Lithuania, Hungary, Bulgaria, Poland, Switzerland, Slovakia).
- Territories where there is no need to pay taxes to the state to a group of certain legal and even quasi-legal entities (Cyprus).
- Low tax rate. In this case, the state sets fairly low tax rates in order to develop the country from an economic point of view and attract foreign investment (Cyprus, Estonia, Switzerland, Montenegro, Ireland, Portugal).
Development
At the moment, the list of offshore companies is constantly updated, now their number is just over 50. Indeed, as practice shows, such territories are very popular, including among Russian entrepreneurs, which explains the reasonability of their occurrence.
