Why Establish an Offshore Company? It’s Not Just Tax Optimization …
Why establish an offshore company?
If you are considering setting up an offshore company but are not entirely convinced, we have compiled a list of 5 good reasons for setting up an offshore company.
1. Tax optimization
Offshore companies are the most popular way to legally pay low or even no taxes. With world-unique tax conditions and a stable legal environment, offshore companies are rightly referred to as tax havens.
2. Anonymity of ownership
Bearer shares (nominee shareholder) and nominee shareholder are tools that enable anonymous ownership of legal entities and entire corporate structures. These entities may still have anonymous ownership of both movable and immovable property, interests in companies, and other assets.
3. Protection of property
Executors who breach their powers together with the illegal practices and interventions of the authorities pose a threat to your property. The legal personality of offshore companies and the possibility of their anonymous ownership are powerful asset protection tools.
4. Low bureaucracy
Business with offshore companies is the dream of every entrepreneur. The foundation of the company is a simple act and is solved within a few days. The absence of the obligation to file tax returns and financial statements makes the company’s management painless. Termination of a company is usually the only decision that does not entail any further financial costs.
5. International image
Offshore companies and corporate structures are widely used for their resounding names and the international image they can get. For these purposes, there are popular companies from the United Kingdom or the US state of Delaware. In both of these cases, you can combine 0% tax liability and the international image that your business will bring.