Best Advantages in Incorporating Your Company Offshore

Posted by Sterlingoffshore on September 17th, 2016

Though tax optimization is usually one reason why business owners establish an offshore company, there are many other advantages to this move. From reduction of overhead expenses to superior confidentiality, below are three of the best advantages you can enjoy when you incorporate your company offshore: 

Lower Taxes

When done right and in situations where it is suitable offshore incorporation can minimize the overall effective rate of taxation paid by a company on its global activities. This is one of the main advantages of this arrangement. Of course, you have to choose the right jurisdiction—one that incentivizes companies to establish a presence there by prescribing tax exemptions (or lower taxes at the very least) for targeted businesses. It’s a good idea to hire an offshore incorporation service provider for professional guidance if you want to maximize tax savings. 

Superior Privacy

The amount of information that must be published publicly might be less in some of the traditional offshore jurisdictions than what is available for public consumption in other countries. This may be beneficial for competitive reasons for instance whereby a company would like to keep its competitors from obtaining information that could be used against the company.  You don’t have to worry about your company’s data being exposed to third parties (unless your business is suspected to be linked to criminal or terrorist activities). 

Maximum Asset Protection

When you incorporate your company abroad, the laws in those countries often provide for a greater level of asset protection not to mention that it would generally be more difficult and costly for any future financial adversaries to attempt to take legal action that would put the company’s assets at risk.   

Contrary to popular belief, incorporating your company offshore does not have to be expensive. You can always choose a jurisdiction that requires minimal capital outlay. Some will not even require any capital for business registration.  Often times it is preferable to provide the majority of the financing as a shareholder loan for instance.

Are you worried that incorporating your company offshore might be time-consuming? Relax—it does not have to be. Offshore company incorporation can be faster and much simpler if you choose to work with experts. Hire an offshore incorporation specialist that is based in the jurisdiction you are interested in. They know the ins and outs of the system and can guide you so that you don’t make costly mistakes. 

Setting up an offshore company can easily become complicated if you choose to proceed without proper representation and guidance. Talk to a corporate services provider in the country or jurisdiction where you want to incorporate. They specialise in helping business owners like yourself establish a presence across borders. A good consultant can easily take care of the entire incorporation process for you. 

About the Company:

Sterling is a leading licensed and regulated corporate, trust, fiduciary and fund services provider delivering specialised solutions for a global clientele of international corporations, institutional investors, high net worth individuals and families as well as their intermediaries. Whether an end user of our services or an intermediary, Sterling provides an efficient, personalized approach to ensure smooth, efficient delivery of services that meets the requirements of each client.