JURISDICTIONS

The choice of a suitable jurisdiction is an important decision and requires careful considerations. The most important aspects to be examined may be outlined as follows:

• Political and economic stability of the jurisdiction
• The availability of a modern and flexible legislative framework
• Simple incorporation and filing requirements
• The availability of Double Taxation Treaties - this is very important in order to minimize withholding taxes on the payment of dividends and royalties from contracting states
• The availability of good calibre professional advisers
• A good banking system
• Good telecommunications
• Reputation (some "tax havens" are viewed with suspicion).

Important Note: Professional advise should always be sought before acquiring an offshore entity so that you are aware of any restrictions and reporting requirements.