It’s becoming harder and harder to do
business in the west, with the virtual annihilation of bank secrecy laws and
the ever-growing taxes imposed on certain income brackets. These are but a
couple of the reasons why global entrepreneurs and HNWI are forming offshore
companies through which to conduct global business or investment. While
offshore banking and company registration has always been popular among the
wealthy, it is a viable solution even for those with more modest assets. It
doesn’t have to cost a lot to put up a company offshore. The key is to register
your company at an offshore location where capital requirements are low. In fact, in some areas, a stated minimum capital
isn’t even prescribed..
Ifyour company is tax exempt or subject to
a low statutory tax rate in the jurisdiction of incorporationyou mayalso enjoy
lower taxes. Your business entity might even become tax-exempt, depending on
the laws in the jurisdiction or your particular situation. The guidance of a
good tax advisor should be sought to explore all the possiblebenefits.
Maintaining an offshore company can be
affordable as there are offshore solutions designed specifically to lower management
and administrative expenses. Some of the best offshore company registration
providers can cover everything you need for
registering your company, be it a local corporate secretary, local registered agent,
or a registered office. They can even offer a virtual office for your business
address, mailing address, and mail forwarding as well as telephone number,
professional directors, officers, management services and more.
You can save a lot of money by not having to set these things up yourself.
Make sure that the licensed offshore
company registration provider you hire will be able to offer guidance when it
comes to regulatory requirements and company laws. A good registration provider
should also be able to discuss and assess key requirements and objectives to
find the best company solution for you.
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