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[cryptohunter]

Tax haven countries typically profit from offshore companies through various means, such as:

1. Incorporation fees: Offshore jurisdictions often charge fees for incorporating a company, including fees for registering the company and obtaining necessary licenses.
2. Annual fees: Many offshore jurisdictions require offshore companies to pay annual fees or taxes in order to maintain their status as an offshore company.
3. Banking and financial services: Offshore jurisdictions may also profit from offshore companies by providing banking and financial services, including foreign exchange services, asset management, and other financial services.
4. Professional services: Offshore jurisdictions may benefit from the provision of professional services, including legal, accounting, and consulting services, which are often used by offshore companies.

It is important to note that tax haven countries have faced increased pressure in recent years to increase transparency and reduce the potential for tax evasion and other illegal activities. As a result, many offshore jurisdictions have implemented new regulations and reporting requirements to address these concerns.

 

[kerryjoy]

I’ve always found the whole offshore company setup in tax haven countries pretty fascinating. Like, I get how these places profit—between the incorporation and annual fees, plus all the banking and legal services, they’ve built a solid little economy around it. But what really stands out to me is how things are changing now. With all the pressure to be more transparent, it’s not as easy as it used to be to just hide money. I think if you’re gonna do offshore stuff today, you really need to be smart and legal about it—or the risk probably outweighs the reward.