Password must be 8-15 alphanumeric characters with these requirements
- Minimum one number (0-9)
- Minimum lowercase letter (a-z)
- Minimum one uppercase letter (A-Z)
- Minimum one special character "#?!@$%^&*-+<=>"
- Example password 99azTR?!@
Would you like to pay less tax or to achieve more anonymity and asset protection? If your answer is yes, than you are in a right place because we are experts in registering offshore and onshore companies.
Offshore companies are legal entities registered in countries or territories with favorable tax regimes outside the residence of the shareholders and directors of this company.
Depending on the fiscal policy of each country an offshore company registered on its territory might be a subject to 0 or very low income tax duties. Usually this type of companies is not obliged to submit annual accounting records or hold shareholders meetings.
Registering an offshore company is 100% legal and this term should be used when we speak about tax saving and not tax evasion. We live in a competitive world where each company tries to produce and sell more, but at the same time trying to minimize the costs and expenses related to the business activity. Personal tax planning that can be created for an offshore company helps to reduce tax obligations significantly and as a result helps to create a competitive advantage. The most common examples of offshore jurisdictions are Panama, Belize, Anguilla, Vanuatu, Bahrain, Costa Rica and Seychelles.
However, not all individuals choose tax havens for setting up a company for its future commercial activities. Searching for a better reputation for its business some entrepreneurs choose onshore company registration.
Onshore companies are usually incorporated in home countries of beneficial owners or in prestige financial jurisdictions with the objective of carrying out the business within its borders and under all legal and fiscal obligations. Examples of onshore companies are Delaware, United Kingdom, Cyprus, Bulgaria and Hong Kong.
One of the main reasons why offshore company formation became so popular is a growth of companies and business activities whose sales and management are carried out online. Now the consumer doesn’t need to take a car or travel to another country in order to buy a certain product or services, as long as you are connected to Internet everything is within reach. Therefore, more and more entrepreneurs from all over the world choose offshore company formation to sell their products. The main reasons for choosing offshore way for developing online business is tax saving, no need to have a physical office, easy to outsource and possibility to operate worldwide. However, there are more advantages of setting up an offshore company.
As we can see, both, offshore and onshore companies have its advantages and it depends on the clients needs and circumstances which jurisdiction and form of registration to choose. Contact us and our experts will offer you the best solution for your business.