Why Go Offshore

Considerations when Forming a Company Offshore

When considering forming an offshore company, there are a number of important factors to take into account. However the biggest decision to be made will be the decision to register an offshore company in the first place. When deciding whether you should go offshore to incorporate, you will need to consider the following:

  • Type of business
  • Target markets
  • VAT restrictions
  • Operating expenses
  • Setup expenses and fees
  • Tax regimes
  • Legal form of business

Why Go Offshore to Incorporate a Company?

The aforementioned factors can affect the registration of your business in a number of ways. If your company is small enough, and does not meet certain taxation thresholds, it may not be so beneficial to go offshore and register your business. However if you have considered the factors above, and deem that an overseas company is appropriate to meet your needs, then you should consult with a professional firm to find out how to proceed with your offshore company registration.

The main reasons why companies go offshore for incorporation include but are not limited to the following:

  • Financial privacy
  • Personal and corporate tax reduction
  • General asset protection
  • Protection from lawsuits and creditor claims
  • Immunity to domestic law and minimization of business risks
  • Investments diversification and higher returns
  • Estate planning
  • More favorable foreign laws
  • Reduction of costs and general set up

Obtain professional and confidential guidance on where to incorporate your company, and how to register your company offshore. Contact Starting Business by completing our Contact Form. If you decide to go overseas to incorporate your company, Starting Business can provide assistance and support every step of the way.