1. International Business Companies (hereafter referred to as IBC), also known as offshore companies, are often subject to 0% taxation in
2. their jurisdiction of residence. A majority of offshore companies (incorporated in tax havens such as Seychelles, Nevis, BVI, Belize,
3. Marshall Islands, Dominica, etc.) are not subject to any tax liability.
4.  
5. The main principles of all IBC tax systems can be defined as follows: There are no taxes on capital gains, corporate income, dividends,
6. interest or royalties.
7.  
8. Another fundamental aspect of IBCs lies in the financial reporting requirements, which state that IBCs:
9.  
10. You do not have to file annual returns with the local tax authorities;
11. Do not file financial statements;
12. Do not conduct an annual audit.
13. However, from a business perspective, finance and accounting are the most important aspects of your business.
14. The Confidus Solutions team consists of financial specialists and accountants who are familiar with international accounting standards
15. and auditing. From accounts payable to accounts receivable to financial reporting,
16. we strive to help you improve your business structure and tax planning.
17.  
18. https://www.confiduss.com/en/services/corporate/accounting/offshore-bookkeeping/