PERSONAL SERVICES COMPANIES

Many people offering their services internationally can benefit significantly from using an offshore company. The offshore company will employ the client and will contract with the buyer of the client’s services. The fees earned by the client can accumulate offshore tax-free. Payment to the employees may then be structured in such a way as to minimize personal income tax in the country of residency.

Typical clients include consultants, IT professionals, engineers, designers, authors, entertainers, and so on.