Businessmen often use offshore companies that are actually a standard set of documents required for running active business. This is a seemingly simple way of using advantages provided by some country legislation without losing control over decision making, and it does not require substantial investments.

Although, due to this practice being very widespread, tax authorities seek to limit possibilities of using non-resident companies for tax planning, thus increasing tax payments due at the beneficiary’s place of residence.

Lately, there appeared a trend of amending legislation of most countries, which is aimed at preventing use of offshore companies, or rather any companies that are non-resident with regard to the individual taxpayer.

Unlike ordinary set of offshore company documents, a real office provides a number of advantages. Office administration services enable actual presence at the company’s place of registration, including establishment of decision-making institution in the country of registration. The service is available to Latvian and Cyprus companies.

Business administration includes the following components:

• renting an office;
• ensuring own telephone and fax numbers;
• appointing members of the board, company management team;
• preparing company’s internal documentation annually (board decisions, meetings of shareholders, internal resolutions);
• record-keeping and drawing agreements;
• performing bank transfers;
• maintaining company accounting, including submission of annual reports.

Besides business administration services, we offer you tax advice, efficient settlement and cash services, as well as asset protection services.