An offshore business entity is a company that is established and operates in a jurisdiction which is not the jurisdiction of its primary operations. There are a number of companies that establish as an offshore business entity to benefit from favorable tax regimes as well as high levels of privacy offered in offshore locations.
Starting Business offer a wealth of knowledge and experience with regards to offshore company registration and operation. If you are interested in establishing your own offshore business and would like to learn more, please Contact Us.
Features and Benefits of an Offshore Business Entity
Individuals and companies from across the globe choose to establish offshore companies for the various benefits that it provides. The process of establishing an offshore business entity is dependent on the jurisdiction’s regulations with regards to business registration. There are a number of documents and procedures that must be completed in order to successfully register a company offshore.
Although the term ‘offshore’ is not commonly used in today’s business regulation, the concept of this type of business entity is recognized worldwide. The primary purpose and objective of such a business is to cater to international clients.
There are a number of benefits of establishing an offshore business entity, these include the following:
- Low or zero taxation
- High levels of privacy
- Stable financial and political environment
- Improved asset protection
- Estate planning opportunities
Individuals and companies that wish to establish an offshore company are advised to seek the assistance of a professional consultancy firm. Through the advice and guidance of experienced consultants, you are able to administer and file the relevant documents to the authority of the chosen jurisdiction. In addition, professionals in the industry are able to provide you with reliable and insightful information with regards to the basic requirements of establishing an offshore business entity.