Share of Stock

There are several different classes of shares representing ownership in a corporation, with different privileges and rights, such as registered shares, par value and non-par value shares, preference shares, redeemable and non-redeemable shares, shares with or without voting rights, bearer shares, etc.

Shelf Company

A company that has been organized previously, with designated capital and registration cost paid, and after that has been made inactive, with annual registration, capital and stamp duty fees currently paid but shares held in bearer form. The directors and officers are substituted when activating the company.

Shipping

It is common for shipowners and operators to have recourse to tax havens. The owners often register the ships and conduct their operation and administration in different jurisdictions, in order to lower global tax burden.

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30/09/2006
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