Any entrepreneur is familiar with the words " offshore " and " offshore company ". The ability to register an enterprise in one of the many jurisdictions attracts businessmen from all over the world. This allows offshore zones to replenish their budgets, and the owners of such companies take advantage of a number of benefits, in particular, optimize taxes and increase profitability.
To get the most out of the offshore company registration, it is important to choose the right jurisdiction. There are a lot of countries (territories) providing services of this kind today. The main differences lie in the following factors:
- The prestige of the jurisdiction.
- The cost and term of registration, the costs of maintaining the company.
- Requirements regarding the payment of taxes (no taxation, reduced or in full).
- Submission of financial plan reports, involvement of auditors (for example, Belize offshore companies are exempt both from taxes and from the need to file reports).
- Confidentiality. In classical jurisdictions, the use of a nominee service is allowed, information about the real owner is not transferred to third parties.
- Currency control and other features.
It is unlikely that any of the specialists will tell you which jurisdiction to choose without first getting acquainted with the requirements and goals of the business. Often, tax cuts are not the main goal, for example, it is important for an entrepreneur to ensure the prestige of the company. In this case, a foreign company in Switzerland, Great Britain, Cyprus and other EU countries is suitable. In a word, there is simply no universal option. You should first consult with professionals to take into account all the subtleties, including the legal norms of jurisdictions.
Do not forget that there is an opportunity not to open from scratch, but to buy a ready-made offshore. You don't need to wait several weeks and travel to another country. Registration of a foreign company here will take much less time. It is enough to choose a company from the list (all companies are thoroughly checked beforehand), pay for the purchase and receive a package of documents. After confirming the ownership, you can start working.
Regardless of whether the company was incorporated from scratch or purchased, the owner of the offshore company can receive the following benefits:
- reduction or reduction to zero of taxation of profits earned outside the offshore zone;
- it will be possible to avoid double taxation if the jurisdiction has signed a corresponding agreement with other countries;
- using the services of nominee directors and /or shareholders, due to which the real beneficiary keeps information about himself confidential;
- increase in profitability when
