If you decide you’d like to reduce your tax burden, protect your assets, simplify your company operations or enter into cross border business transactions for example, and you’re interested in whether an offshore company structure could help with any or all of the above, chances are it could. offshore company
There are many ways you can use an offshore company, many benefits you can derive from the use of one and many locations in which you can set one up…so how can you decide whether such a structure is applicable to you and how on earth should you decide where to incorporate an offshore company?
What to Use an Offshore Company For
You can use an offshore company if you want to trade internationally or invest offshore. You can use such a structure to buy and hold real estate at home and overseas or to own intellectual property. Additionally you can use such a holding structure for asset protection purposes and for the specific protection of certain asset classes.
If you have staff you need to relocate overseas you can use such a company to employ those staff to maximise any taxation advantages of their international placement. For your overall taxation planning purposes such a structure can be significantly advantageous and finally, if you’re in the eBusiness world or are internet based there are certain significant potential advantages available to you through the use of a properly structured and located offshore company.
Where to Incorporate an Offshore Company
There are hundreds of locations in the world that are considered ‘offshore’ – i.e., low or no taxation jurisdictions – but not all of the nations are secure and not all of the jurisdictions are legitimate therefore you have to be very careful when deciding where to incorporate an offshore company.