The main advantages are: (a) zero or absolute minimum taxation on profits and capital gains; (b) confidentiality, due to no sensitive personal information registered on public file; (c) protection, due to secrecy provisions enshrined in the law and no information-sharing agreements; (d) corporate flexibility: no paid-up capital, no requirement to declare operational objects, minimum requirements on directors and shareholders, speedy incorporation, and so on; (e) simplicity of management – shareholders` meetings can be held anywhere, and also by electronic means, the corporate decision making process is extremely flexible; (f) minimum reporting – no audit, no tax reporting, no financial information on public file. All in all – a lean, mean international business machine…
