SEMI OFFSHORE CORPORATIONS

Such structures are often exempted from local corporate tax on profits earned beyond its legal jurisdictional boundaries, or subject to a nominal tax payment. Consequently, a Gerli & Co. structured semi-offshore company will require filling of a local tax report on its locally earned income and capital gains within the jurisdiction (i.e., from local generated income) and not on its foreign income.

Not necessarily does a semi-offshore company has or is blacklisted, thus having a higher acceptance with a clear business reputation before its jurisdiction tax authority. Furthermore, most of these jurisdictions have entered into double tax treaties, which under all means are suitable for international tax planning.

As examples of semi offshore companies we may provide such from the following jurisdictions:

Hong Kong Private Company Limited by shares
Wyoming/Delaware Limited Liability Company
Cyprus Company with VAT
Panama Company with local VAT or European VAT