With a young, dynamic and efficient team, London Global Business Solutions Ltd is a management company providing its services to professional clients and businesses. The services includes company formation, tax planning and structured corporate advice. Our services are tailor-made to adapt to our clients? need.
What it is for?
* Tax Planning
* Tax Minimisation
* Repatriation of Profits by reducing the tax Liabilities
Tax Planning
This type of company, usually known as a Global Business Category 1 (GBC 1) is used for tax planning and structuring, with the aim of minimizing the overall effective taxation.
The company pays a low rate of tax (3%) on its profits and is situated in a jurisdiction where there are no withholding tax and no capital gains tax. By using the double tax avoidance treaties, it minimizes the overall taxation. Each solution needs to be structured according to the country where business is to be conducted, as well as the resident status of the beneficial owners.
Advantages
* Low Rate of Tax ( maximum 3%)
* Mauritius Company pays tax at the rate of 15% with a deemed foreign
tax credit of 80% which means effectively pays a maximum tax at the
rate of 3%.However the recipient company can claim a credit of 15%
as tax suffered;
Property Holding
This company is used for asset management and property holding. These properties can be immoveable ones such as a house, apartment, yacht, ship etc and moveable ones such as shares, bonds, rights, etc
The company is exempted from taxation and is in a jurisdiction where there is no capital gains tax. It is a limited liability company, as its name implies. Ownership is confidential. Sale of a property for example, can only mean the sale of the company, which automatically avoids the element of transfer tax in the country where the property is situated.
What Is THis For ?
* Property Holding
* Asset management
* Businessman looking for asset protection against potential liabilities
Advantages ?
* No Capital Gains Tax
* No tax on income (rental, capital, etc)
* Avoidance of double taxation
* Confidential vehicle
* Can avoid transfer tax in country where property is held
