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Introduction of Luxembourg enterprises


 

Company Background

Hoogewerf & Co was set up by Francis Hoogewerf, a UK chartered accountant, in 1970. Hoogewerf & Co practices as a "R¨¦viseur d'Entreprises", "Expert comptable", domiciliary agent and international tax advisor.

 

Tax Environment

The EU and the OECD, since 1996, have clearly made " tax harmonisation" one of their priority objectives. This means that " tax fraud" is going to be treated much more like "money laundering". There will be exchange of information between tax havens and high tax countries. Bank secrecy in relation to "tax fraud" will slowly disappear. In any event professional advisors, banks and insurance companies must know clearly who their clients are and the business they do.

The way forward is to use tax treaties. " It is better to pay a little tax rather than no tax" and transparency.

 

Tax consultancy

Hoogewerf &Co have always been cross border tax specialists, working with colleagues, tax lawyers and accountants all around the world.

Not only do Hoogewerf & Co. advise on tax structures they will also coordinate the constitution and administration of appropriate tax advantageous entities and companies, virtually anywhere in the world.

 

Offshore Companies

Offshore companies are generally tax free companies based in offshore financial centers. From a tax point of view these companies may often be ¡°black listed¡± by certain OECD countries. On the other hand, being tax-free they are also ¡° tax neutral¡± and can be very useful for purely commercial reasons. They offer commercial secrecy although offshore companies must be considered more and more transparent when it comes to ¡° tax evasion¡±.

Hoogewerf & Co have a joint venture with ¡° OCRA Worldwide¡± who are well known specialists in providing offshore companies.