• destination/country with overall taxation substantially more favourable than the Czech or Slovak Republic
• a company formed in such a country

Forming and using offshore companies within your tax planning is a legal and legitimate way of decreasing taxation in the Czech Republic and protecting your assets. Offshore destinations include, among others, USA, Britain, Holland or Cyprus; countries with sound name and yet a much more favourable taxation system compared to the Czech Republic or Slovakia.

Best-befitting destination

The question of which destination shall be the best-befitting one for your needs cannot be answered without detail knowledge of your company and business background, aims and objectives. Each order must be carefully analyzed and a strategy must be drafted to serve well for the future. A well-implemented concept of an offshore company shal serve your business for dozens of years.

Typical destinations the structures of which we have confirmed as befitting for practice are structures of offshore companies from USA, Great Britain, British Virgin Islands, Seychelles, St. Vincent and Belize.

Legal and legitimate solution for business and taxation

The question of whether business with usage of an offshore company is or isn‘t legal is no longer substantial now, as it has been answered too many times both to general and expert public.

The answer is: yes, it sure is.

For any businessman it is obligatory to obey laws and other regulation of the country in which that businessman does the business, but what is the destination of the company the businessman uses is of no relevance. All that matters is the intentions and actions. This fact is confirmed by ever-increasing demand for new offshore companies. If legal regulation is obeyed in respect of your business, all business activity of that offshore company is absolutely legal and legitimate.

There have been quite a few prejudices among general public due to the media anti-offshore campaign in infamous criminal cases, but such cases may as well commonly arise because of criminal activity with no cross-border element, and these infamous cases represent just a very small fragment of all offshore transactions. Hence, it is necessary to say that legitimity and legality of any business depends on each and every businessman and his/her intentions and information, rather than the selected jurisdiction implemented in any specific company planning strategy.