What Can You Do with an Offshore Company?

Offshore Company

Knowing how to safeguard your financial interests is a skill that businesses and individuals can benefit immensely from. Tax payments and government regulations have the potential to leech significant chunks of money from your bank accounts if you stay within the same country. For this reason,  many people choose to set up offshore companies or financial entities to do away with the possibility altogether.

 

There are many benefits of setting up an offshore company that you can take advantage of.  These range from reducing tax burdens all the way to getting access to international markets. Some possibilities that an Offshore Company opens up are:

 

Avoid Excessive Tax Burdens

Corporate taxes are some of the highest tax burdens in the world. The average corporate tax across the world is 29.41%. Some countries have lower corporate tax rates than others. It pays off to have your company headquarters registered at an offshore location like the Cayman Islands because your tax payments can be reduced significantly.

 

As you begin to save on immense tax payments, you can use this money to reinvest in the business or simply live off it.

 

Asset Protection

Having your businesses registered in foreign countries has your company’s assets safe in a stable economy. Once you set up your headquarters in an overseas location, any assets that fall under the company’s umbrella are then influenced only by the country’s economic conditions.

 

Offshore Bank Accounts

So even if your home country doesn’t do so well, the foreign country will remain stable and preserve your financial integrity.

 

Access to Financial Hubs

Having an offshore company somewhere in Hong Kong or Singapore, for example, will give you access to major financial centers of the world.  These two countries, in particular, are places where the best financial management teams are found and the entire world’s corporations come to conduct business.

 

Being in close contact with these organizations can give you access to new business and financial opportunities.

 

Business Expansion Opportunities

Businesses in many countries find it difficult to invest in other countries because laws and regulations don’t allow it. This could happen for political and/or economic reasons, but it also implies losing lucrative business opportunities.

 

Set Up Your Offshore Accounts and Companies

 

If you move your companies offshore, you can bypass these regulations in your home country because they don’t apply to your organization. If you specifically establish your company in a country that has good trade ties worldwide, you can then easily expand your business across the globe.

 

Expat Money Show is a financial consultancy that helps individuals set up offshore financial entities. Our services include helping our clients set up offshore bank accounts, offshore companies and offshore gold and silver vaults. Get in touch with us today for more information on our services or to hire our assistance to set up your offshore accounts and companies.

 

 

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About The Host, Mikkel Thorup

Mikkel Thorup; the host of The Expat Money Show, has spent nearly 20 years in continual travel around the world, visiting more than 100 countries including Colombia, North Korea, Zimbabwe and Iran.

His goal now is to help Expats just like you to generate additional streams of income, eliminate your tax bill, and take advantage of offshore structures so you can travel the world freely and never have to worry about money again.


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