Setting up an offshore company can achieve many benefits you are may not be aware of.Increasing confidentiality and asset protection are not the only benefits of establishing an offshore company. Although confidentiality and asset protection are some of the core benefits, the opportunity to significantly reduce business overheads is also very real benefit along with flexible banking laws and less regulation and red tape.
Reduced Administration: The reduced in administration costs is an attractive benefit that can achieve by investing offshore. The legal obligation of any director in an offshore company is far less. You can save valuable time and money through cost-effective virtual office services. These overcome the needs of accounting and have a physical office. Also, with many offshore Jurisdictions yearly filling are not required further saving time and money.
Asset protection: It by far the most beneficial feature of an offshore company. Many merchant and traders set up offshore companies only due to this advantage alone. They use the offshore company as a valuable vehicle for holding several assets including real estate investments and intellectual properties. This is the main reason for the rise in offshore banking formations.
To hold Offshore merchant accounts: Many merchant solutions for high-risk internet business are now offered by offshore banks in Europe, Central America and Asia. Visa MasterCard regulations require an offshore company in the local zone, therefore setting up an offshore company becomes a business requirement.
Lower set up and maintenance cost: One more reason for the increase in offshore formations is the lower setup and maintenance costs. Along with this, with the increase in a number of consultant companies or service providers, the process of setting up an offshore corporate account or an offshore company has become relatively fast and simple. The offshore company has a very low establishment and maintenance cost which is making it more popular among internet merchants and investors.
Low capital requirements: The registration cost for an offshore company is significantly very low as compared to registration for an onshore company formation. Registering an offshore company requires a very minimal capital. There are some jurisdictions which need no capital for registering an offshore company.
Confidentiality: 100 % confidentiality and privacy related to your information is guaranteed by some most popular jurisdictions around the world like Belize and the Seychelles etc. These offshore jurisdictions will not reveal and publish any of your information related to you offshore corporate account, assets, etc to any unauthorized person unless criminal and terrorist activities are suspected
Select from several offshore service providers and get help selecting a preferred offshore jurisdiction to set up your offshore company. Service providers can even make your process much simpler and easy as they are associated with many international banks and jurisdiction which makes it easier to assist you in setting up a corporate account or choose suitable merchant processing services.