An introduction to offshore corporations

What are Offshore corporations?

An offshore corporation is defined as a strategic company for investing, since it is created in a different jurisdiction or country from the one of the investor’s country of origin, North American in most of the cases. Lately, Costa Rica has emerged as a perfect place for investing, due to several regulatory advantages.

Offshore corporations are a possibility for conducting business in the global market, with advantages such as these:
 Tax reduction, there are business structures abroad that are ideal to set up and maintain the company operating without exceeding the corporation’s tax liability. By developing an offshore corporation, prosecution by tax evasion and other economic issues are avoided.
 Fees are not equal in every jurisdiction for creating companies, so there are several options for the investor, to adjust his needs to the requirements of the chosen country.
 Asset protection, the offshore center is able to transfer its capital, keeping the anonymity and confidentiality desired. This wealth is also protected from lawsuits or any other economic issue.
However, every individual situation is different, which is why legal assistance is the first consideration if investing offshore. GLC has a qualified team in matters of investing here in Costa Rica. We offer guidance, legal advice in order to keep our client’s needs safe and satisfied.

GLC provides three different forms of limited liability corporations: New, Shelf and Gaming Corporations. We can help you create your own new company here in Costa Rica. In urgent cases, we offer ready-made companies or Shelf companies. Finally but not least, Gaming corporations are part of our services, as we have helped several gaming groups into forming the ideal corporate structures to operate globally respecting international regulations.

Feel free to contact Team GLC for further clarifications via e-mail to info@glccr.com


Resources
http://www.investopedia.com/articles/02/020602.asp
http://www.consultwebs.com/legal_glossaries/business_law/business_law_glossaryo.html
http://en.wikipedia.org/wiki/Offshore_corporation