If you have been thinking about where to set up your offshore company or invest for some time, but you have not managed to find the ideal jurisdiction, I think we could have the answer indicated.

If you are attractive to life by the sea and an unspoilt coastline, Sark is the ideal choice, this tourist island with only 500 inhabitants has all the offshore benefits you could want.

Located in the Channel Islands, the autonomous island of Sark is a hidden gem among European micro nations, it is considered a low-tax jurisdiction since they do not pay VAT, or income taxes.

Account holders are not required to provide any information about their income, this jurisdiction is used as a refuge on the high seas by residents and corporations of neighboring Channel Islands and European Union countries
The economy in this jurisdiction is mainly based on tourism.

Landing fees that are incorporated and charged on ferry tickets, visitor purchases, hotel accommodations, and restaurant dinners are their great source of income. Sark is looking for investors who can generate more tourist traffic. It is worth mentioning that the island receives about 60,000 tourists annually.

Agriculture is also part of Sark's economy, most of the agricultural products are sold to hotels and restaurants. The main countries with which there are trade links are the United Kingdom, Guernsey and Jersey.

One of its greatest virtues is that you do not need to keep accounts, neither for you nor for your corporation, since you are exempt from taxes even if the company operates in national or international territory.

If Sark Island caught your attention and you are thinking of investing or just want more information about offshore companies and accounts, contact our Foster Swiss consultants.

For more information on this topic or any requirement related to our services, you can contact directly through info@fosterswiss.com