Use of offshore companies


  • Means for opening the account. Using the company, registered in offshore jurisdictions or jurisdictions with the preferential taxation you can open the settlement account for hard currency in the western banks and the multiple currency account (including the Russian roubles) in Baltic States. The settlement account can be used for any clearing and cash operations, as for reception of corporate plastic cards.

  • Moving of the profit at export and import. The basic income of the transaction is formed not in jurisdiction with the high taxation, but in an offshore zone. Management of the intermediate firm (the offshore company) is sufficient for this purpose

  • Crediting. If currency laws of the country resolve credits in convertible currency from abroad only under condition, if they are received from foreign banks (not from the foreign private companies), the offshore companies can place the fixed deposit in foreign bank, acting as the guarantor of the credit who will be given to the company – a resident of Russia.

  • Legalization of financial assets. It is possible to transfer means, which are on a private account abroad to the account of an offshore company under a credit and further to use in turn of this company, or to use as foreign investments in your country. Your offshore company can create an enterprise with foreign investments in Russia.

  • Self-financing. The offshore company can issue a credit to companies, which are not located in an offshore zone. The credit is paid back to the offshore company with the coordinated interest. The interests paid to the foreign company, reduce taxation in the country where the credit is received, it is not a subject to taxation in an offshore zone.

  • Liabilities. The offshore company can buy liabilities with discount, and then extinguish them on nominal value.

  • Barter. Barter operations can be favourable at application of the offshore company in a role of intermediary between two firms, which do not have free capital, but do own marketable goods. It will have basic income of transactions.

  • Company – holding. The executive buys shares of a Russian firm, but not as a natural entity, but on behalf of the offshore company directly, or through an intermediary Russian investment company. The specific executive does not appear in the register of shareholders, dividends and profit on sale of the shares are transferred to the offshore company, not being assessed under condition that the company has a statement for their exemption of double taxation.

  • Fees and costs. The offshore companies can hand in an Invoice and receive payment from companies – partners for the provided services, including market research, marketing and assistance, consultations, training, etc.

  • Conducting an activity stipulated in the Agreement on avoidance of the double taxation. According to given agreement, if the company is registered in a country with which your country has concluded a Contract about avoidance of double taxation, the company does not conduct the activity in your country through permanent mission or kinds of its activity there are not considered, as carried out through permanent mission any incomes it gains are not subject to taxation in your country