Parliament has reduced the minimum requirement to establish an offshore company to a single shareholder. The law used to require at least three shareholders.
Karim Daher, founding partner at HBD-T Law Firm, said that the sole shareholder in an offshore company benefits from the same liability protection that a joint-stock company offers its shareholders. The legal form of offshore companies is unchanged.
According to the new law's explanatory notes, the purpose of the amendment ...
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