Offshore Meaning | 8 Basic Offshore Facts To Get You Started
Offshore meaning: Simple and cost effective, easy, confidential, legal protection, zero taxes, stable
As a serious investor you must consider this tool. Did you ever think it would actually be so easy?
If you are an investor then at some stage of your business you will definitely want to expand it and do an incorporation in other countries.
Not only to grow your business through targeting a larger market, but also, and most importantly, to reap the advantages and benefits of a offshore company registration.
You may have some reservations about offshore companies.
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Below is some information which will help you put aside your fears and learn about the benefits available to you:
1. Simple and cost effective
Offshore company registration in countries like Seychelles and United Arab Emirates it takes 3 – 4 days and less than US$ 3,000.
2. Guidance
Offshore company registration agents will guide you through the process and complete the incorporation for you.
They may also provide the support you will need to run the company in an effective manner if you so desire.
One of the advantages is the privacy and confidentiality which you won’t get in your own country.
3. Confidentiality
Know Your Client (KYC) documents required for incorporation are normally confidential. In some offshore jurisdictions confidentiality is protected by law.
4. Law suits
Offshore incorporation protects you from legal issues that you might have to face in your own country.
Any one wanting to sue you would have to file a case in the offshore jurisdiction where the law suit procedure may be cumbersome and expensive.
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5. Taxes
In offshore jurisdictions there are no income, wealth, sales, personal or capital gains taxes.
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6. Free trade zones
Many countries e.g. Seychelles, United Arab Emirates and Mauritius also have international free trade zones where you can actually set up businesses which are also tax free.
7. Company requirements
There is no requirement to have more than one director of the offshore company.
Minimum capital may be as low as US$ 1.
Also there is no need to have any board of directors meeting or officially file financial results.
8. Stability
Most offshore company tax havens have a stable political and law & order situation.
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