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Corporate Services Blog

Corporate Tax Rates

29/06/2016


When choosing to establish an offshore company a lot of emphasis is usually placed on tax.  This is not always the case however.  Offshore jurisdictions can offer quite a broad spectrum of advantages.  This becomes clear when we look at the Corporate Tax Rates for some of the most popular jurisdictions and see that this includes not only the lowest tax rate (0%), but also the highest (35%).
Please see below a list of the Corporate Tax Rates for 2015.

 British Virgin Islands
 0%
 Bahamas
 0%
 Cayman Islands
 0%
 Isle of Man
 0%
 United Arab Emirates  0%
 Gibraltar
 10%
 Jersey
 0% & 10%
 Guernsey
 0%, 10% & 20%
 Cyprus
 12.5%
 Ireland
 12.5%
 Mauritius
 15%
 Hong Kong
 16.5%
 United Kingdom
 20%
 United States
 35%


United Arab Emirates is the only country that is not a small island with 0% corporate tax.  In recent years the growth and unprecedented influx of capital income have led this to be an increasingly popular jurisdiction due in part to its affluent reputation.

Cyprus and Ireland share the lowest corporation tax in Europe this makes them very appealing when looking for a jurisdiction with a strong and stable reputation in order to conduct business in and around Europe, particularly if the company is required to be VAT registered.

Mauritius is a very popular jurisdiction when conducting business with South Africa.

The United Kingdom is one of Europe’s big powers despite never having adopted the Euro.  It’s corporation tax of 20%, whilst not the lowest in Europe is certainly one of the more competitive rates.  As a central hub business orientates towards it facilitating the need to establish companies, especially in recent years with investment in property seeing such an extreme growth by overseas investors.

The United States has the highest Corporation Tax Rate and yet remains a popular place to do business.  This is generally because of its global position, investment into property or business ventures continue to provide a requirement for US incorporations.
 



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