Aspects and Benefits of a Company
A company is an entity with its own legal personality, separate from its owners and directors, incorporated according to the laws of a particular jurisdiction. In consultation with our clients we assess and determine the most appropriate jurisdiction for incorporation.
Choice of Jurisdiction
Schindlers incorporates international companies in one of a choice of stable, low-tax jurisdictions, and one of the Schindlers Group companies is vested with directorship. Depending on the jurisdiction, shares may either be bearer shares or the shares maybe registered in the name of a trust or in the name of one of our nominee companies. International companies can be established in appropriate jurisdictions to take advantage of favourable double taxation treaties, for example in Mauritius, which can have a dramatic effect on taxation. Many international jurisdictions have no audit requirements for companies.
Banking
International companies have a wide variety of applications and can enter into most commercial transactions. Where the company’s activities involve the holding or transferring of funds, it is necessary for the company to have a bank account in its own name. Through our network of international banks we are able to satisfy the banking needs of these companies.
Types of Companies
There are a variety of types of international companies to suit a range of business activities:
- Holding companies used to hold various assets worldwide including real estate, investments and public or private shares in other companies
- Trading companies used as vehicles for international trade, allowing profits to be earned in low-tax jurisdictions.
- Consultancy companies used by individuals abroad, who can consult through an international company, resulting in reduced income tax.
- Intellectual property – international companies can be used to hold patents, trademarks or any other intellectual property rights. This can have the effect of reducing taxation on royalty income and withholding taxes.