Hesitating Whether to Set up an Offshore Company? Here is the Answer!
November 23, 2015
Do you think of offshore company incorporation? This is a serious step which demands smart and well-considered approach. Nevertheless today the procedure is not as complicated as it may seem and such decision will definitely pay off.
Do you want to know the reason? Offshore jurisdictions are able to ensure economic and political stability in this volatile world. Financial instability that engulfed the whole world would not be able to eat even a piece of your money and assets if they were parked in the right place.
There are many countries with developed and stable economies which attract foreign capital providing high level of protection, confidentiality, organizational and tax benefits. Such destinations are also called tax heavens and you can find Hong Kong, Gibraltar, Belize, Seychelles and others among them. Many business owners and investors all around the globe have already availed of the healthy financial climate and valuable opportunities provided by these countries.
Toughenedpolicy of the most governments explains the off shore business popularity.
Entrepreneurs are Forced to Seek a Shelter
It doesn’t matter whether we speak about countries of European Union or the US, or many of the rest countries, business activity is depressed ubiquitously. Corporate income tax rate increases, reporting system becomes more tangle, audits become more frequent, new taxes appear, and so on. It is really difficult to make money in such an environment; it is almost impossible to sufficiently protect it as well.
In such a situation opportunity to incorporate an offshore comes as a lifebuoy for richest investors, corporate owners and small and medium-sized business owners. It is a big decision but extremely relevant. Although one can get lost in the variety of offshoring options it is quite easy to register a company in one of jurisdictions if you know exactly what you need.
Let’s say, you need to protect personal assets from depreciation and to save wealth for your kids. Offshore foundation would be the right choice in the case. This is a non-profit organization which can have your money and assets on its name and is not obliged to carry out any charity.
The wealth is not officially registered on your name anymore. It belongs to the foundation ruled by a board of directors. You as a founder have enough control over the assets and power to affirm or denyany decision of the board. As result the goal to hide your wealth from authorities is achieved. Even bankruptcy or divorce proceedings will not reveal your money location.
There are many other options starting from incorporating offshore company with the aim to avoid taxes and ending with opening offshore account in a bank that ensures complete confidentiality. Besides, you need to decide which company type would be appropriate and which location to choose. Now then you would better turn to professional agency where you can get the right solution and avoid the risk to overlook something important. Or you can get a comprehensive expert consultation on the issue.
Still hesitating whether to start offshoring? Do you treat it as a stiff task? Then take a closer look on what is going around and pay attention to the fact that business regulations and laws are being modified all the time; and not in your favor.