After so many requests from our clients to be referred to an offshore service provider for the formation of a company, we decided to bring this service in-house. Now you can order your company, open a treasury account, get a debit card, order a merchant account and enhance the return on your capital all from one provider, First Global Treasury.
Company formation is not our main service, so we can offer deep discounts on the formation or if you take a complete package you get even further savings. We decided to set up our sales and administration office from panama, which enables us to offer Panama Corporations and Foundations to our clients at favourable rates incorporated very fast. Here are some of the main advantages of choosing Panama as to incorporate your company:
|
Asset Protection - To secure against future claims such as judgment, divorce proceedings, bankruptcy, creditors and litigation.
Estate Planning - Family and Protective Private Foundation for accumulation of investment income and long-term benefits for beneficiaries on a favourable tax basis (without inheritance, income, or capital gains taxes) |
|
Confidentiality - From claimants, ex-spouse, competitors, and other parties from whom you wish to keep your business interests private; and Reduction of Tax
Liability - Through International Tax Planning - a foreign jurisdiction can offer unparalleled opportunities for reducing your tax liability, thus reducing your operating costs. |
Ask yourself: So why do so many go offshore? There are some very sound reasons why over “40% of all global business originates from an offshore company”. We have outlined some of the main reasons below:
Tax Reduction
Unlike their “offshore” counterparts that are often very heavily taxed, companies can benefit from trading “tax free”. Our company formation solution offers 0% tax on corporate taxes and sales taxes traded outside of the jurisdiction. Please note you may be required to report taxable earnings outside of your resident country, so it is important that you consult professional accountants to ensure you are in compliance with your government’s laws.
Privacy Protection
Not all offshore jurisdictions are actually “private”. This was proved recently when Jersey account holder’s details were passed to the HM Customs and Excise by a well known UK Bank (which trades onshore and offshore).
So choosing the right jurisdiction that will protect your privacy and not compromise it is very important. As more and more go offshore, authorities are keen to put increasing pressure on offshore jurisdictions. This is why our solution is of great value to you, to protect your privacy and give you peace of mind.
Asset Protection
Many have worked all their lives and have attained valuable assets in the form of property or investments etc. Upon death they would like to have the choice of who to give these assets to (usually their dependants or relatives). Unfortunately many “onshore” countries have imposed crippling inheritance taxes that strip assets from hard working citizens. The Solution to this is offshore. If you effectively “control” assets (within an offshore company, trust or family foundation) rather than own them you can legally pass on “control” to your offspring or whoever without paying high tax bills.
International Trading
An Offshore Company can be setup in an offshore jurisdiction, but trades worldwide. It is also possible to set up virtual offices or mail forwarding addresses in multiple countries, to enhance your global presence. If you add an offshore merchant account to your website you can effectively receive online payments straight to your Treasury Account. Your customers will also benefit from purchasing from an offshore company that is not charging sales tax.
First Global Treasury Services Ltd provides Private Wealth Management. We are a Finance Company based in New Zealand, not a registered bank. Our Products and Services are not available to the public in New Zealand or citizens and residents of certain countries.
