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Offshore Companies-Instrument of International Tax Planning

Author

Listed:
  • Radu Daniela Iuliana

    (University of Bucharest, Faculty of Law)

Abstract

Offshore business are based on reputation and business, investors and consultants with experience know offshore operators worthy of trust and the scammers who kidding investors or other institutions. For this reason, the offshore operation means the assessment of the experience and letters of recommendation of potential business partners. Currently the world economy through a period of globalization and the mobility of capital elements. An offshore company, known as the International Business Company (IBC) is a company incorporated in the jurisdiction of a country or a territory, and which operates outside the jurisdiction in question. Offshore companies are becoming more popular on the international market to investors from all European countries and the United States, due to the many advantages it offers, beyond the fact that they represent a real opportunity to initiate and develop international trade relations

Suggested Citation

  • Radu Daniela Iuliana, 2012. "Offshore Companies-Instrument of International Tax Planning," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 490-493, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:490-493
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    More about this item

    Keywords

    offshore; business; tax planning;
    All these keywords.

    JEL classification:

    • K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law

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