Uses of Offshore Panama Corporation
Uses of offshore corporation
Offshore company is mostly used as an asset protection instrument or for tax avoidance in business matters. Some of other common uses are:
- Trading company, which collects profits offshore from goods bought and sold in other countries or from export and import.
- Offshore corporation as property holding company, which own real estate, assets, share in other companies.
- Offshore corporation as intellectual property company which holds copyrights, trade marks, software, licenses.
- Professional services company for designers, artists, authors, consultants and entertainers. Those can work for the offshore company by contract and accumulate income on the name of the corporation.
- Inheritance tax protection company can own assets in order to avoid taxes.
- Investment company can invest in property, stocks, shares, commodities and other assets. It can provide anonymity and tax savings. Fund can be accumulated or invested worldwide.
- Shipping company can own yachts, boats, ships, which can be registered in the name of the corporation in offshore country which is cheaper and more tax efficient method of ownership.
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