[an error occurred while processing this directive]

Home

incorporate Directory


More
incorporate Articles

WRITERS WANTED! (click-me)

Feature Article:

Starting Your Business: Avoiding the "Me Incorporated" Syndrome
Many people who want to start a business have similar reasons for their ambitions. Typically, they are seeking autonomy from an employer, freedom, or control over their own destiny, which also means that they can determine their own income, work...

Why Should You Incorporate Your Business?
If you do well with your business, you may want to incorporate it. There are many advantages gained by incorporating. For one, if (and this is a BIG if, but you never know), if you are ever sued, your personal assets will be considered separate...


Five Reasons to Incorporate a Company Offshore

      Navigation

When it comes to the term 'offshore' used in conjunction with company incorporation, the term 'offshore' generally refers to any jurisdiction other than one in which the company incorporated will conduct the majority of its activities.

Usually such a jurisdiction has some degree of taxation or reporting benefit attached that makes it attractive to the company owner, and the concept of incorporating a company offshore will bring at least one of the following five benefits to a business owner: -

1) Ease of Operations - depending on the jurisdiction and the type of business activity to be conducted under the company name to be incorporated, the operating restrictions, auditing and accounting requirements and standards to which the business and its employees and directors must adhere are often far less restrictive offshore than onshore.

Exceptions to this rule are financial services based companies in many jurisdictions for example, who have to comply with extra regulatory legislation for the protection of the company's clientele.

The advantage of easing operations particularly for a small or start up company is a reduction in operating costs and in the amount of time a company's directors have to dedicate to form filling and report filing.

2) Reporting Simplification - this ties in with the first benefit; in the majority of offshore jurisdictions favoured for company incorporation the company activity reporting requirements are often far fewer and simpler as the business activities entered into by the company are conducted outside of the jurisdiction in which it is incorporated.

Furthermore personal information relating to the company's directors and shareholders need not be declared in all cases or the extent to which personal information is required is far less intrusive.

3) Taxation Reduction/Negation - the reduction in taxation liability is one of the main benefits associated with investing offshore, opening an offshore bank account or incorporating a company offshore.

If you set up your company in a low or no tax jurisdiction you could potentially save yourself substantial amounts of money legally. Often the rules are that if the company incorporated in a particular jurisdiction never derives an income from the local economy it can operate tax free.

It's therefore possible to use an offshore company in an overall international business structure and ensure profits are posted in the offshore jurisdiction and so no tax is liable! Many international corporations operate in this way and actually negate their tax liability fully.

4) Asset Protection - by operating a company offshore, i.e., outside the jurisdiction in which the company operates, it is sometimes possible to position assets away from the reach of any potential litigious action and also to shield business transactions from the eyes' of the competition.

5) Personal Privacy Protection - the level to which a director or shareholder's personal information is required, held, visible or investigated offshore is likely to be far less invasive and intrusive than onshore. It is also possible to appoint nominee directors and secretaries for offshore companies in many jurisdictions thus keeping the true company owner's identity shielded.

The information contained in this article cannot constitute advice. Each individual's circumstances are unique and whether or not offshore company incorporation is something that could benefit your business can only be determined with personal advice.

About the author:

Rhiannon Williamson is a freelance writer whose many articles about the offshore world have appeared in business and financial publications around the world. To find out more about Offshore Company Incoporation visit www.ShelterOffshore.com

More Reading:


How To Incorporate Adsense Into Your Affiliate Marketing

How To Incorporate Yourself Without a Lawyer

When Is The Best Time To Incorporate Your Small Business

When Is The Best Time To Incorporate Your Small Business

Disincorporate And Decentralize

 
How To Incorporate Yourself Without a Lawyer

WHAT IS OFFSHORE WHY INCORPORATE OFFSHORE

Incorporate Humor in Your Next Speech

65279 How to incorporate Jewish rituals into your dating life

How To Incorporate Adsense Into Your Affiliate Marketing

incorporate Home

incorporate Directory

Additional Reading


How To Incorporate Adsense Into Your Affiliate Marketing
Many people are interested in affiliate marketing because it can be financially rewarding, even if you just stay at home. Affiliate marketing programs are best alternatives to those who are sick and tired of their arduous daily work just to climb up...

How To Successfully Incorporate A New Member Into Your Team
2002 Kathi Graham-Leviss http://www.xbcoaching.com Often times, adding a new employee to the mix can be difficult. Even when hiring a person who is fully qualified to perform in the fashion you need, there will be an adjustment period. Getting...

How To Incorporate Adsense Into Your Affiliate Marketing
A lot of people are lured by affiliate marketing because it can be financially rewarding, even if you just stay at home. Affiliate marketing programs are best alternatives to those who are sick and tired of their arduous daily work just to climb...



 

 

Internet Search for: company, incorporate, offshore, incorporated

[an error occurred while processing this directive]

[an error occurred while processing this directive]

 

Copyright