Written by London Global Solutions ltd    Saturday, 01 November 2008 12:15    PDF Print E-mail
Those who are at the front line and vulnerable to litigation claims
This type of company, usually known as a Global Business Category 1 (GBC 1)  is used for tax planning and structuring, with the aim of minimizing the overall effective taxation.
The company pays a low rate of tax (3%) on its profits and is situated in a jurisdiction where there are no withholding tax and no capital gains tax. By using the double tax avoidance treaties, it minimizes the overall taxation. Each solution needs to be structured according to the country where business is to be conducted, as well as the resident status of the beneficial owners. 
Last Updated ( Tuesday, 02 December 2008 09:50 )
 

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