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Hi,
Just wondering why people register companies offshore such as barbados, cayman-islans, etc
Is it for:
- tax savings
- cheap company setup
- no or low business liability issues
- no or low business insurance needed
- oe what else?
PS: How do you then brings the business income back to your country for example US or Canada etc w/o being charged taxes?
Knowledgeable persons, please help us understand.
Thanks a lot.
Rick
Just wondering why people register companies offshore such as barbados, cayman-islans, etc
Is it for:
- tax savings
- cheap company setup
- no or low business liability issues
- no or low business insurance needed
- oe what else?
PS: How do you then brings the business income back to your country for example US or Canada etc w/o being charged taxes?
Knowledgeable persons, please help us understand.
Thanks a lot.
Rick