Concept & Benefits
Offshore companies play a vital role in efficient tax and financial planning, especially in fulfilling the objectives such as preservation of wealth and the mitigation and/or deferral of the overall tax burden. DFK Chancery provides individual solutions for corporate and private clients tailored to their specific needs and objectives, whilst also ensuring that they are placed in the best position to utilise the territorial advantages of a given fiscal system.
Choice of jurisdiction
The Isle of Man has a very favourable tax regime in respect of taxation with the majority of companies being liable to a 0% (nil) corporate tax rate. This advantageous regime offers considerable benefits to clients who wish to use a legitimate and correctly structured tax planning vehicle.
Although the majority of structures administered by DFK Chancery on behalf of clients are Isle of Man companies, DFK Chancery also administers companies in many other parts of the world including Jersey, Guernsey, Gibraltar, BVI, Cyprus, Liberia, Marshall Islands, Nevis and Panama together with more traditional onshore centres such as Ireland and England & Wales. We have affiliated offices in most jurisdictions and companies can be incorporated quickly and efficiently. Details of the corporate regulations in these jurisdictions, share ownership requirements, costs of formation, administration, annual tax and registration fees payable are available on request.
Benefits
The benefits of using a Company structure are extremely wide and include:
- Separate legal identity
- Implementation of tax efficient planning structures
- Limited liability for shareholders
- Asset holding/protection
- Confidentiality and privacy through the use of nominees
- Easy transfer of ownership
Our services
We can offer our clients a comprehensive range of services relating to the formation and administration of companies not only in the Isle of Man but in a number of other international financial centres. Our services include:
- Multi-jurisdictional company formation, management and administration
- Provision of suitably qualified and experienced directors and officers
- Provision of company secretarial services including, maintenance of statutory records, preparation and filing of annual returns and all necessary statutory forms
- Registered agent and registered office services
- Provision of nominee shareholders if required
- Preparation and submission of tax returns
- VAT registration and returns
- Opening and operating a corporate bank account and other financial institutions
- Bookkeeping, maintenance of accounting records and preparation of accounts
- Invoicing
- Client reporting
- Introductions to other professionals, such as lawyers, auditors and financial advisors