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Letter box company
Глоссарий по оффшорам |
A corporation set up in a tax haven with nothingmore than a mailing address to take advantage of tax provisions. severelycriticized in many quarters as an evasive measure, the company whoseexistence is little more than a name-plate has been outlawed in monaco butis allowed to function in many other havens.
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Corporation, английский
- A group of persons who get a charter granting them as a body certain legal powers, rights, privileges, and liabilities as an individual
- A business owned by investors who buy part of the company through shares of stock.
- См. corporate body
- Корпорация; общество, см. corporate enterprises; corporate institution
- A legal entity that is separate and distinct from its owners. a corporation is allowed to own assets, incur liabilities, and sell securities, among other things.
Provisions, английский
- All sorts of food necessary for the subsistence of the army and navy. those shipped on board for the officers and crew of any vessel, including merchant-ships, are held in a policy of insurance, as part of her outfit.
- Резервы на покрытие возможных потерь
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Letter of wishes, английский
Guidance and a request to the trusteehaving no binding powers over the trustee. there may be multiple letters.they must be carefully drafted to avoid creating problems with the settloror true settlor in the case of a grantor trust becoming a co-trustee. thetrustee cannot be a pawn of the settlor or there is basis for the argumentthat there never was a complete renouncement of the assets. sometimesreferred to as a side letter.
Layered trusts, английский
Trusts placed in series where thebeneficiary of the first trust is the second trust; used for privacy.
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