Choosing a Tax Haven
In choosing a tax haven country, there are many factors that should be
considered, some of which are:
Tax legislation
Political stability
Foreign exchange laws
Ease of IBC formations
Legal systems
Secrecy and nondisclosure laws
Location and proximity
Languages
Tax treaties
Financial
institutions
Residency
and immigration laws
Foreign
marine registrations
Corporate filing requirements
In many situations it may be wise to utilize
more than one tax haven. For example, you may want to incorporate your International
Business Corporation in Turks and Caicos for tax and privacy reasons, have a bank account
with a bank in Antigua; have a credit card with a financial institution in Aruba and have
a trust created in Nauru because of its excellent trust legislation.
The choice of tax havens plays a very
important part in the creation of your offshore structure and should be given careful
consideration.
