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Introduction to Offshore Corporate Structuring
1. Presented by
Leighton Peter Prabhu, BCom MPhil CA CPA
Managing Partner, Interstice Consulting LLP
Board Member, Canada-Eurasia-Russia Business Association (CERBA)
Introduction to offshore
corporate structuring
Moscow State Institute of International Relations (MGIMO)
23 April 2013
3. Offshore structures
โCreating legal structures in
jurisdictions external to a companyโs
principal base of operations, with
the goal of creating an economic
bene๏ฌtโ
4. Offshore ๏ฌnancial centre (OFC)
โA jurisdiction where the bulk of
deposit and lending activity is
transacted with non residents, typically
offering a high degree of secrecy, little
regulation and zero/low taxes to such
customers.โ
38. โขGlobal Forum on
Transparency and Exchange of
Information for Tax Purposes
โขAggressive Tax Planning
โขFighting Unintended Double
Non Taxation
G20
โขInformation sharing
โขTax competition - Ireland
โขCyprus
โขForeign Account Tax
Compliance Act (FATCA)
โขAutomatic exchange of tax
information
Current themes
39.
40. Offshore structures - summary
โข Cayman Islands
โข Bermuda
โข Cyprus
โข Switzerland
โข Ireland
โข Luxembourg
โข BritishVirgin Islands
โข USA
โข OECD
โข EU
โข G20 / FATF
โข Foreign sales
โข Cross-border investments
โข Securities issuance
โข Asset protection
โข Diversi๏ฌcation
โข Security
โข Privacy
โข Tax reduction
โข Facilitate ownership transfers
โข Implementation
โข Compliance
โข Operational and managerial
โข Assets held in foreign countries
โข Change in laws
โข Change in application of laws
โข Political
โข Reputational
BENEFITS COSTS
RISKS MAIN OFCS REGULATORS
APPLICATIONS