Dear Friends,
As we all are aware that many people and companies make investment in Cyprus or Mauritius (being Tax Haven) and also make investment in other companies routing through Cyprus or Mauritius.
Please kindly make me understand in simple language why they make investment in these countries or through these countries with Examples ??
How do they avoid Tax by this ?
Please suggest.
Tax havens: routing investments through favourable jurisdictions to obtain perceived tax advantages and regulatory facilities. Investors route investments through Cyprus or Mauritius because they are viewed as tax havens offering perceived tax advantages and more facilitative business conditions; the discussion notes these comparative facilities attract investors and suggests consulting practitioners for specific advice. (AI Summary)