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Another reason for selecting a particular jurisdiction in which to incorporate a company
is that of the company form. Many jurisdictions offer two forms of companies one of which
can be owned locally and the other of which can be owned by foreigners and may be exempt from
local taxation. An example of such a company is the International Business Company (IBC) of
the Bahamas and British Virgin Islands.
Other jurisdictions, mainly those with a common law history such as the Isle of Man have
numerous company forms from Limited Companies to Companies limited by Guarantee (and a mixture
of both forms known as a Hybrid) through to Limited Liability Companies, International
Companies and Limited Partnerships.
Some jurisdictions, such as Cyprus have an extensive Double Tax Treaty network (thus allowing
for the mitigation of tax when dealing with certain countries) and have developed company
forms accordingly.
The choice of company form will depend on individual circumstances and the nature of the
trade to be undertaken by the company in addition to considerations as to which jurisdiction
is to be used. Why not let C(OS)L experienced staff guide you through the maze of company
forms and jurisdictions.
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