If the client is uneasy with disclosure of the fact that it is an offshore company then the SMBA can be utilized for trading goods and services.

   SMBAs qualify as Danish companies and can therefore take the advantages of double tax agreements. However it must have its management and control in Denmark by which it can be treated as other normal holding companies. According to convenience it can also be shifted to tax friendly jurisdictions.

  For a principal which is located in another country it can act as Agency Company.

In some cases it has tax implications which are unfavourable if the beneficial owner of a client structure receives earnings from that structure to purchase items like a holiday home etc. In such situations a SMBA might prove to be useful for purchasing overseas properties. The reason for this is that the Danish companies are not blacklisted.

Disclaimer: While every effort has been made to ensure that the details contained herein are correct and up-to-date, this information does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission. Please contact us to clarify any questions you may have...