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What is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
Wiki User
∙ 11y ago
GAIL
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoEssar oil
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Who owns offshore oil?
The oil deposits in US offshore fields are owned by the US federal government. The oil companies acquire a lease or the right to explore and produce from the offshore deposits. These are long term leases. Similarly, international offshore fields belong to the country that has legal right to the coastal waters. They may be lease by the country to private companies for exploration and production, but they may also be developed by the country's national oil company.
If a UK resident buys a service from an offshore company do they have to pay VAT?
A UK resident buys a service from an offshore company. If the UK resident does not pay VAT to the offshore company, the offshore company does not have to pay VAT to the UK government. UK residents who buy services from offshore companies may be subject to VAT if they do not pay VAT to the offshore company. Hope this will help you, If you need any further assistance regarding VAT you can contact us at: taxlibrarian.co.uk/ or Call us at: +44 207 167 4301
Is offshore drilling legal?
Many laws and regulations govern where wells can be drilled. Offshore blocks are are under the control of the national government. They identify the offshore blocks which have potential for oil exploration. A company or group of companies can lease a block for a period of time. Typically, a drilling permit is required in which the Operator (holding a lease on a block) will have to demonstrate that the drilling is within the rules and laws of the country to gain approval. A company can be held liable for environmental damage, so oil companies are highly motivated to drill wells only where they receive permission.
Can an offshore company create 100 percent owed subsidiares in other countries?
Dear . Offshore company can hold another company with its 100% share.
How can a company provide offshore hosting services?
A company can provide offshore hosting services by physically being placed in a jurisdiction outside that of the client that wishes to have a service hosted. The company also needs to be incorporated in that offshore location.
Where can offshore asset protection be obtained?
Offshore asset protection can be obtained through offshore companies. The process usually involves creating an offshore trust or offshore private foundation and combining it with an underlying offshore company.
What is the website Offshore Company Incorporation about?
Offshore Company Incorporation is about incorporating a professional company overseas quite possibly. These companies can be set up online for a fee for professionals.
What are the major industries in Vanuatu?
Offshore Company
What does the company Offshore Only offer?
There are a lot of things which the company Offshore Only is offering such as boat services, engines and transmissions services, parts or complete, propellers.
Where is the best place to setup my offshore company?
UAE is the best place to set up an offshore company as they attract ex-pats from all across the world.
Is United Auto Insurance an offshore company?
"No. It is located in North Miami Beach, FL and the corporation was founded in 1989. Because its headquarters are located on a beach, it is not an offshore company."
How does an offshore company operates?
An offshore company operates on similar principles as an onshore company. The only difference is that the company is registered in another country than the company owners/directors rezidence. Offering greater privacy, security and most usually are used for tax or similar gains. More information on offshore company opperation can be found on http://www.baltic-legal.com/offshores-company-services-eng.htm
