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