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Important criteria for choosing a jurisdiction |
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The choice of a suitable jurisdiction is an
important decision and requires careful considerations. The most important
aspects to be examined may be outlined as follows:
- Political and economic stability of the
jurisdiction
- The availability of a modern and flexible
legislative framework
- Simple incorporation and filing requirements
- The availability of Double Taxation Treaties -
this is very important in order to minimize withholding taxes on the payment of
dividends and royalties from contracting states
- The availability of good calibre professional
advisers
- A good banking system
- Good telecommunications
- Reputation (some "tax havens" are
viewed with suspicion).
Important Note: Professional advice should
always be sought before acquiring an offshore entity so that you are aware of
any restrictions and reporting requirements.
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