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Copyright © 2014 - 2016.  International-Formations.com is a trading name of TMS FZE. Licensed Corporate Service Provider.
 Registered in RAK (Ras Al-Khaimah) UAE. Licence No. L1 04 15 427.
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Please note that TMS FZE provides an execution only service in respect of the formation of companies, opening bank accounts and related services. Therefore comments or suggestions made by us should not be considered as formal advice. Should you require formal structuring advice, please contact us.


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COMPANY INCORPORATION SERVICES

There are numerous advantages to incorporating your business in a tax friendly jurisdiction.  The question often asked is “which one”!  We are here to help you decide, and would invite you to contact us for a free initial consultation.  

Low tax or no tax?

No tax sounds good but it does not always work especially where the company is actively trading in high tax areas.  Zero tax companies (often IBC's) are better utilised as discreet asset holding vehicles or for private consultancy services. By contrast, low tax jurisdictions can often be zero tax with a little bit of extra work, whilst at the same time providing respectability needed for the business.



Trading in the European Union (EU)


The main consideration is the VAT and withholding taxes imposed by your EU based trading partners. Where the majority of trading takes place in the EU, it is always better to set up a company in the EU. Both Cyprus and Ireland have corporate tax rates of 12.5% on profits.



Tax treaties


There are many advantages to utilising and benefiting from double tax treaties (DTA’s). This is a complex area and needs careful consideration to avoid additional work and costs.


Who will run the company?


This is more important than it sounds at first, due to the concept of “management & control” - the basis on which many tax authorities determine whether the company is tax resident in their jurisdiction. For a definition of Management & Control, please see our FAQ.



Zero tax jurisdictions

Commonly referred to as IBC’s and best used for asset holding and discreet trading e.g. consultancy income. This category includes: Belize, B.V.I., Seychelles and Dominica etc. as well as RAK in the UAE. They are all broadly similar & therefore the choice of jurisdiction is one of perception & price.

Common features are:

Low tax jurisdictions


When trading internationally e.g. into Europe, it is often better to use a “low tax” rather than a zero tax jurisdiction. Examples are: Singapore, Hong Kong, Cyprus, Ireland and even the UK in some circumstances.


For EU trading, and thus requiring VAT registration, Cyprus and Ireland are two jurisdictions to consider.

Jurisdictions comparison

We have prepared a quick “Jurisdictions Comparison” table where you will see the differences of the various offshore and onshore jurisdictions. The table contains the most frequently requested features and our company formation costs.

View quick jurisdiction comparison table View quick jurisdiction comparison table

Read our bank
facilities comparison summary


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Anguilla CompanyBelize CompanyBVI CompanyCyprus CompanyDelaware, USADominica CompanyHong Kong CompanyMauritius CompanyNevis CompanyPanama CompanySeychelles CompanySaint Lucia CompanySingapore CompanySt. Vincent CompanyRAK company

Jurisdictions we offer:

Hong Kong Company FormationMauritius Company Formation

Read about our Dominica
- all inclusive -
IBC Package

Find out more

Are you a professional advisor looking to set up a company for your client?

Contact us