Off-shore companies legislation : a comparative study

Abstract

This study does not purport to be an exhaustive exposition of what is a very modern and highly intricate subject. It attempts to analyze the legal implications involved in the incorporation and maintenance of offshore companies. Reference to the problems which arise within the domestic jurisdiction, as a result of offshore operations is frequently made. Ante-tax avoidance provisions, intended to curb the activities of persons who seek to avoid domestic taxes by operating through offshore companies, are also examined. The study is meant to be comprehensive without purporting to be exhaustive. Certain problems were only hinted at. Time and space did not permit further discussion. Various systems of company law and fiscal legislations have been examined and compared.