A free-lance international contractor or a professional consultant can reduce his tax burden by incorporating an offshore company, which would then enter into professional services contracts with all interested customers. While receiving a fixed level of taxed remuneration (salary) from his offshore company, the principal owner of the company would be able to accumulate the rest of the fees income in the name of his IBC, in a no-tax and no-hassle environment. Designers, authors, consultants and entertainers may assign to an offshore company the right to receive fees due under a contract for services. A further advantage of a professional services company is that potential liabilities, which might arise while carrying out a contract, would fall upon the company, not the individual.