Benefits of an Offshore Company
Offshore companies are structures that allow you to enjoy anonymity and privacy in exceptional fiscal conditions, in a perfectly legal way. Accounting and auditing requirements are minimal, and maintenance costs are very low, whether your business is idle or generating millions in profits.
We have established a network of local partners, that lets you create such a company in all jurisdictions with the highest reliability. The list of jurisdictions is listed on the site, as well as the amounts of your investment. You have the opportunity, without travelling, to complete the Incorporation Form and create your Offshore company.
The cost of registration in different jurisdictions is variable and does not necessarily reflect quality.
Besides the well known taxes and confidentiality advantage, an offshore corporation has some other benefits:
- Reduced administration: you can overcome the need of a physical office with cost-effective virtual office services, and it’s well established that legal obligations of any directors or officers of an offshore company are usually less.
- Lower set up and maintenance costs: even with increasing anti money-laundering measures, the process of setting up and maintaining an offshore company are fast, relatively simple and less expensive, specially in the mid and long terms.
- Lower capital requirements: your offshore company will require minimal capital to be registered. In certain jurisdictions there is no capital requirement.
- Asset Protection: an offshore company can be valuable as a vehicle for holding assets such as intellectual property or real estate investments.
Summarizing, there is a current misconception that taking your business to other countries is about evading taxes and hiding money from the government, which is certainly not the case. There are 100% legitimate ways to open your company and organize your business overseas.
There are a number of pitfalls to keep in mind and choosing the right jurisdictions to form your Corporations or LLC, based on your specific needs, is a critical first step. Each jurisdiction has a slightly different value proposition for international clientele and the benefits vary.
The most important thing that you must do is ask for advice from a qualified tax attorney and use the expertise of a fully dedicated to offshore business team, such as the one we have at CorporationUSA. We have done all due diligence many, many times, and we can help you to understand the benefits of particular offshore jurisdictions and set up your company in as little as a few days.