Swiss Offshore Group is an executive level financial and management consulting firm that provides support to corporations, financial institutions and high net worth individuals
Swiss Offshore Group was founded on the simple belief that the only barrier to enterprises of great pitch should be the existence of the idea and not the means of implementation. |
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Only US$199 |
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Why Republic of Ireland?
The Republic of Ireland is a full member of the European Union. It lies to the west of Great Britain from which it became independent in 1922. The Republic of Ireland is an English speaking country although Irish is also an official language. It has a population of some 3.5 million of whom over 1.2 million reside in the capital, Dublin. It has a democratically elected parliamentary Government. The country has strong connections with the United Kingdom and United States and with justification the Irish describe themselves as the Young Europeans. Ireland is an enthusiastic member of the European Union and has a young highly skilled workforce and it is estimated that one third of the adult population is in full time education. The Republic of Ireland is a sophisticated modern European jurisdiction with commercial arrangements similar to those which apply in the UK but the cost of professional services is moderate when compared with rates applicable in London. |
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Tax Incentives Available to Non Resident Companies
To encourage economic development successive Irish Governments have offered incentives towards manufacturing, export related service companies and, more recently, international financial services companies. There are grants, relief from municipal taxes, tax allowances and a 10%, or sometimes lower, rate of corporation tax. This rate has been agreed by the twelve full members of the European Union and is made available to Ireland until 2010.
The Shannon Customs Free Zone, located at Shannon International Airport was established in 1959 and is now home to over 100 international manufacturing and services operations. The 10% corporation tax rate which they enjoy is also available for financial services companies operating in the Dublin Customs House Docks Area. Such companies can take advantage of Ireland's extensive network of tax treaties which provide for favorable treatment in a number of countries in respect of profits accumulated in or repatriated from Ireland.
VAT and Non Resident Companies: As of 1st January 1993 a unified Value Added Tax ("VAT") system was introduced throughout the European Union. Any EU incorporated company supplying goods or services to another EU incorporated company or individual should be registered for VAT. Whilst it may be thought that an Irish company should be permitted to register in Ireland, following the idea that a non resident company does not have economic activity within the State, at the time of writing the Irish VAT office will not accept application for registration in respect of non resident Irish companies.
An Irish non resident company may be registered for VAT within the UK provided that a UK resident agent is appointed to be responsible for VAT compliance within the UK on behalf of the Irish company. This is achieved by incorporating a separate UK company to act as the VAT agent. Registration is made with the UK Inland Revenue and a UK VAT number is allocated.
The VAT number should appear on all invoices raised by the Irish company which are addressed to other companies within the European Union thereby enabling the transaction to be zero rated. This applies whether the transaction involves the supply of services or the movement of goods.
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All business and correspondence is carried out in the name of the Irish company quoting the Irish registered office address but VAT collection and regulation remains the responsibility of the UK authorities. There are no UK tax consequences for the Irish company provided it does not have any activity in the UK other than the representation of the Irish company on VAT matters. The structure achieves great respectability by maintaining the Irish company persona coupled with an onshore VAT registration and number issued out of the UK.
In conjunction with our London office we are able to provide a comprehensive service in relation to the registration for VAT, preparation and submission of quarterly VAT returns and compliance with the rather onerous UK VAT and Inland Revenue requirements. | 
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GENERAL INFORMATION
Ireland is situated to the west of Great Britain from which it is separated by the Irish Sea. Ireland is 83,270 sq. km in size. The lakes and bogs of the interior lowlands are surrounded by mountain masses. These range from the bleak granites of the north and east to the jagged fingers of sandstone stretching out in to the Atlantic in the south-west. Ireland is renowned for its magnificent scenery, unique fauna and wildlife and its unpolluted fishing lakes and rivers.
POPULATION: The population of the whole of Ireland is approximately 5 million of which 3 million live in the Republic. Roughly one-third of the population live in Dublin and its surrounding suburbs.
POLITICAL STRUCTURE: Until 1922, all of Ireland was part of the United Kingdom. Indeed, Dublin, the capital, was officially the second city (after London) of the British Empire. Following a war of independence, which lasted 3 years, the United Kingdom entered in to a treaty with Ireland. The effect was to partition the Island into Northern Ireland (13,900 sq. km) and create an Irish Free State (69,700 sq. km). In 1949 the Irish Free State became a Republic and left the British Commonwealth. Northern Ireland remains an integral part of the United Kingdom.
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The Republic of Ireland is a parliamentary democracy with a written constitution. The President is the Head of State elected for a maximum of two terms of seven years. The Parliament is known as the Oireachtas and consists of two houses, a Lower House and the Senate. The lower house called Dail Eireann has 166 members. They are elected in multi-seat constituencies by the single transferable vote system of proportional representation. The members of Dail elect a Taoiseach (Prime Minister) who nominates 15 Government Ministers to the President, who then appoints them on his advice.
The Senate is known as Seanad Eireann. This is an upper house, which functions in a similar manner to the House of Lords in the United Kingdom. Its members are all elected by vocational panels such as farming groups, employer groups, trade union groups and educational and commercial groups. The Republic of Ireland is a full member of the European Union. Accordingly, Irish citizens have the automatic right to live and work in any member state of the Union. Dublin Airport is an important European Airport. There are roll-on, roll-off freight and ferry services available to Great Britain and France. INFRASTRUCTURE AND ECONOMY: Ireland has modern all-digital telecommunications facilities with direct dial capability to 160 countries world-wide including all major financial centers. There are regular international courier services operated by numerous companies and the National Postal Service. | 
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The economy is small and trade dependent. Agriculture, once the most important sector, is now dwarfed by industry, which accounts for 37% of GDP, about 80% of exports, and employs 28% of the labor force. Although exports remain the primary engine for Ireland's robust growth, the economy is also benefiting from a rise in consumer spending and recovery in both construction and business investment. Ireland has substantially reduced its external debt since 1987, to 60% of GDP in 1998. Over the same period, inflation has fallen sharply and chronic trade deficits have been transformed in to annual surpluses. Unemployment remains a serious problem, however, and job creation is the focus of government policy. To ease unemployment, Dublin aggressively courts foreign investors and recently created a new industrial development agency to aid small indigenous firms.
LANGUAGE: The English language is the official business and commercial language. However, there are many areas referred to as "An Gaeltacht" such as the Aran Islands, Connemara, Galway and Cork where Irish Gaelic is spoken.
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CURRENCY:
The Irish Pound or "Punt".
EXCHANGE CONTROL: None. TYPE OF LAW: Common Law based on English Common Law. PRINCIPAL CORPORATE LEGALIZATION: Companies Acts 1963 to 1990. COMPANY INFORMATION: TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT: Private limited companies. PROCEDURE TO INCORPORATE: Submission of Memorandum and Articles of Association, together with a Form A1 detailing the first directors, secretary and situation of the Registered Office. | 
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RESTRICTIONS ON TRADING Cannot solicit funds from or sell its shares to the public.
POWERS OF COMPANY: A company incorporated in the Republic of Ireland has the same powers as a natural person.
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LANGUAGE OF LEGISLATION AND CORPORATE DOCUMENTS:
English.
REGISTERED OFFICE REQUIRED: Yes, must be maintained in the Republic of Ireland. NAME APPROVAL REQUIRED: No. SHELF COMPANIES AVAILABLE: No. TIME SCALE TO INCORPORATE: 10 working days. NAME RESTRICTIONS: A name that is identical or similar to an existing name. A name that implies illegal activities. A name that implies state patronage. LANGUAGE OF NAME: Can be in any language using the Latin alphabet. The Registrar may request an English translation if a foreign language name is used for a company name. NAMES REQUIRING CONSENT OR A LICENSE: The following names or their derivatives: bank, building society, savings, insurance, assurance, reinsurance, fund management, asset management, co-operative, Chamber of Commerce, society, municipal, group, holding, Irish or their foreign language equivalent. | 
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SUFFIXES TO DENOTE LIMITED LIABILITY: Limited or Teoranta (Irish Gaelic for Limited) or the relevant abbreviations.
DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES: No.
COMPLIANCE
AUTHORIZED AND ISSUED SHARE CAPITAL: There is no capital duty payable on the authorized capital. There is a 1% capital duty payable on the issued share capital. There is no maximum authorized capital. The minimum issued capital is two shares of par value.
CLASSES OF SHARES PERMITTED: Registered shares, preference shares, redeemable shares and shares with or without voting rights.
BEARER SHARES PERMITTED: The concept of bearer shares does exist, but they are very rare because Central Bank consent is required before they can be issued, and such consent is likely to be refused. It is also believed that issuing bearer shares could affect a company's status as a private company.
TAXATION: Companies are subject to taxation.
DOUBLE TAXATION AGREEMENTS: Ireland has a very extensive network of double tax agreements. The treaty countries include: Australia, Austria, Belgium, Canada, Cyprus, Denmark, Finland, France, Germany, Italy, Japan, Korea, Luxembourg, Netherlands, New Zealand, Norway, Pakistan, Portugal, Russian Federation, South Africa, Spain, Sweden, Switzerland, USA, United Kingdom and Zambia.
LICENSE FEES: None.
FINANCIAL STATEMENT REQUIREMENTS: Audited accounts are filed with the annual return. Annual accounts must be filed with the tax authorities.
DIRECTORS: The minimum number of directors is two. They must be natural persons, of any nationality, need not be residents of Ireland.
COMPANY SECRETARY: A company secretary is required who can be a natural person or body corporate. The company secretary need not be resident in the Republic of Ireland.
SHAREHOLDERS: The minimum number of shareholders is one, although our standard Memoranda and Articles of Association provide for two shareholders.
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Mailing, Fax, Telephone And Office Facilities:
As part of the domiciliary service fee we provide clients with a registered office address in the country of incorporation but clients may find it convenient to arrange for mail forwarding, fax and telephone facilities through our Switzerland, The Bahamas Islands, London or other
Swiss Offshore Group offices. This service may be especially useful where, for example, the company is opening bank accounts. Normally the bank would address statements and other correspondence to the company at the address of the client but this results in a loss of confidentiality in that the connection between the company name and the client will be automatically made.
To safeguard against this mail can be directed to our offices and we can re-mail those letters in a plain envelope addressed to the client or otherwise as the client directs. An additional advantage of using our re-mailing services is that the provision of a re-mailing address through one of our prestigiously located offices in the onshore jurisdictions may allow the offshore company to appear to be domiciled on-shore and thereby give that company an added degree if respectability. |
Your Road To Success 
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For example, your offshore company could quote
Swiss Offshore Group London office address on its letterhead and thereby appear to be domiciled in the UK. This procedure is particularly attractive if the Hong Kong address is used as a Hong Kong company is not required to quote its registered office address on its letterhead. Thus if an offshore company were to quote a Hong Kong address it would be indistinguishable from the letterhead, from a normal Hong Kong trading company.The charge for this service is only $275 per annum.
Trust Services: Using a trust to own the shares of an offshore company can result in very substantial tax and non-tax related advantages which will accrue both on death and during the lifetime of the trust settler. These advantages may include: Saving Of Inheritance Tax: On death, the Inheritance tax which would normally be assessed on the value of shares would generally be eradicated. Asset Protection: Assets placed into trust are generally beyond the reach of creditors who might arise as a result of financial difficulties, divorce proceedings, litigation, etc. | 
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Avoidance Of Probate: A trust provides a means whereby assets can be smoothly passed on to the next generation without the disruption, delays substantial costs, loss of confidentiality associated with the probate procedure which necessarily follows when assets are bequeathed by will.
Continuity: Trusts provide a means whereby assets can continue to be administered in accordance with the wishes of the settlor after his death so the weak can be protected from others and the spend-thrift can be protected from himself.
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Lifetime Tax Savings:
During lifetime, substantial income and capital gains tax advantages may result from setting up the trust. Using the service of one of our licensed trust companies, we are pleased to act as trustee for a suitably drafted discretionary trust and the cost of this service would be from US$500 for setting up the trust deed and from US$500 per annum for the provision of trustee services.
Other Services: Swiss Offshore Group provides a wide range of administrative and documentary services including, but not limited to legalization and notarizing of documents, credit cards, yacht and ship registration, invoicing, documentary trade services, trade finance applications, accounting, consulting and immigration services. VIP Package: For one payment US$599 Swiss Offshore Group will provide the following:
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Picturesque Ireland
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Confused?
The average person is frequently confused by the complexity of international tax planning and discouraged by the substantial costs involved in an offshore company formation or registering of a bank or trust in a tax haven. The registration costs and ongoing yearly administration expenses frequently exceed what the average person could save in taxes. Swiss Offshore Group has a new program to answer those concerns. We provide the simple, secure, private and low cost answer for the person who is just starting out or the veteran who now understands that simplicity is the essence of genius. Our survey has shown that this solution answers all of the needs for 100% of the persons seeking to go offshore. |
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The program includes bearer shares so that complete anonymity is guaranteed, documentation and support services so that you can open a financial account under your complete control, where and when you wish, and flexibility so that you can change your financial affairs to reflect your future needs.
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We trust that we have clarified the intriguing world of Irish IBCs. We will be happy to answer any questions you may have, relating to this opportunity and provide you with additional details regarding any of our devoted services.
If you would like to obtain further details of the legislation
surrounding the formation of an International Business Company (IBC)In Ireland or wish to discuss any matter in complete confidence, please click here
to contact: | 
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| Please click here to explain us the full particulars of your situation and what you wish to accomplish. We will review your situation very carefully and offer to you a custom fitted solution. 95% of the time the solution will be simple to understand and 100% of the time it will be the least expensive alternative. |
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| Please feel free to contact Swiss Offshore Group if you believe the formation of an Irish Offshore Tax Exempt Company at the present time may be appropriate in your particular situation. Any communication with us is considered PRIVILEGED and CONFIDENTIAL. |
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Swiss Offshore Group is in a position to assist new and established clients in opening personal and corporate offshore bank or trust accounts, denominated in almost every currency, in over 125 of offshore jurisdictions world-wide, including:
New Zealand, Australia, Chile, The Dominican Republic, Ireland, Argentina, Belize, Brazil, Spain, Italy, Costa Rica, Venezuela, Uruguay, Prague, Bodrum, The Spanish-Moroccan Tax Havens, The Madeira Tax Haven of Portugal, The Jamaican Free Trade Zones, The Dominican Republic Free Trade Zones, Campione D'Italia, Andorra, Poland, The Eastern Turkish Border and Tbilisi, Mozambique, Guatemala, The Virgin Islands, The Philippine Islands, and Anguilla are just some of the countries and places featured.
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There is only one Swiss Venture Funds. Our scope, financial strength, balance, depth of talent and integrity have made us our clients' trusted global advisor. |  |
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