Tax Havens

Although residents are liable to tax on taxable income accruing in or derived from Fiji or elsewhere, non-residents are only taxed on their Fijian income.

The Commonwealth of Dominica is a major international financial centre involved in offshore banking, payment processing companies, and general corporate activities.

Since 1949 Djibouti has been operating a free-port - ‘Djibouti Free-zone’. Apart from other incentives, foreign companies domiciled in the free-port can receive a five to ten-year tax exemption.

From 1968 to 1989 Czechoslovakia was occupied by the Soviets. In 1989 the communist regime collapsed and a market economy was reintroduced.

Doing business through a tax haven has the potential to enhance or damage a company’s corporate reputation.

Political risk is the risk faced by investors and corporations that political decisions, events, or conditions will significantly affect the profitability of a business.

When choosing a tax haven, its location, proximity and accessibility can be a deal breaker.

Tax havens with legal systems based on English law are the most popular and desired.

There are 19 different reasons to use a tax haven, some legal, and some illegal.

Bearer share companies are companies where the individual shareholders are not known to the company.