If you have a great business idea and are looking to create a new startup, you may not have considered registering the business in an offshore location. There are many benefits to doing this, which we explore in this short article.
- Tax concessions – As a way to attract investment, some countries offer huge tax concessions; examples include the Cayman Islands, Jersey, Mauritius, Seychelles, Hong Kong and the United Kingdom. If you would like more information, contact https://global.acclime.com/, a leading international firm that specialises in foreign business registration. These concessions come in the form of income tax and corporate tax, while some countries offer more financial incentives.
- Anonymity – If you would rather have confidentiality regarding your business ventures, the best way forward is to register the business offshore. If you would like to learn more about offshore business registration, there are international law firms that specialise in such activities and they can be found with an online search. High profile investors would much rather keep their business interests private; talk to an international law firm about setting up an offshore business entity.
- Asset protection – You can protect your assets when you register your company at an offshore location; this protects you from lawsuits, government seizures and other legal claims. For more information, talk to an established international law firm that sets up businesses for investors in offshore locations. It is smart to fully understand the complex taxation laws and the right advice ensures you make the right moves.
- Global business opportunities – Setting up an offshore company helps you to explore global business opportunities; it is much easier to deal with foreign companies if your business is registered in an offshore location. Every country has its own laws regarding foreign investment and an experienced lawyer would be able to point you in the right direction. Click here for a good article on building trust with clients.
- No red tape – There is much less bureaucracy when you register a company in an offshore country; in many cases, you do not require a company secretary, board of directors or shareholders. Of course, each country has its own unique laws and requirements, so you can find out more from a leading international law firm such as Acclime. Having residency is another benefit, while some nations facilitate citizenship, a definite plus for the international businessperson. If you love the Caribbean Islands, there are several with very attractive terms for foreign investors. Offshore business entities benefit greatly in many ways.
The Internet is a wonderful thing and using Google, you can find out all the information you need in order to make a data-driven decision about where to set up your new business. Once you make contact with a top international law firm, they can furnish you with all the information you need to plan the setting up of an offshore business, plus they can facilitate your applications and help you open bank accounts and create statements.
