The trend of universal “deoffshorization” dictates its own conditions. Recently, such terms as “substance”, “due diligence”, “compliance”, “PEP” have been used in the business environment without translation. The use of international business companies in export-import operations and asset management (including bank accounts) should not be vulnerable to OCED control “filters” in the form of BEPS, MLI, CRS and other tools to combat “incorrect tax competition”.
Within twenty years, K.A.C. Group has registered thousands of offshore companies around the world. However, in today’s realities, they are only tools for owning and managing assets, generating passive income, protecting against motivated actions of Ukrainian regulatory authorities, and raiding. At the same time, it is necessary to take into account the forthcoming reporting on CFCs (controlled foreign companies), and, accordingly, issues related to transfer pricing.
In export-import operations, as a rule, international business companies are actively involved trade partners, which until recently have been generally called “offshore companies” regardless of their tax and resident status.
With the active implementation of BEPS, MLI (anti-erosion of the tax base) plans and information exchanges, companies have difficulties opening bank accounts not only during due diligence (customer identification). The main objective is compliance with Complianse, and the main requirement is to link the company’s business to the country where the bank account is located.
We offer a comprehensive product named “international business company and a bank account in one jurisdiction” (with full compliance with Complianse terms) for export-import operations in the following areas:
Northern Europe – Estonia; Central Europe – Poland, Czech Republic; Southern Europe – Cyprus, Hungary, Bulgaria, Romania; Asia – Turkey, UAE, Hong Kong. These countries are not included in any “black lists”, they do not have high tax rates, as well as double tax treaties with Ukraine.
K.A.C. Group offers to its clients the services which will make the operation of their non-resident companies and bank accounts as comfortable as possible:
In the process of registration and subsequent outsourcing of an international business company, K.A.С. Group experts accompany the client from the first consultation in our office to their personal representation in a foreign bank.