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Finding Aid For Offshore Company Setup In A Smooth Manner
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Taxation plays an important part on offshore company setup and that’s why many companies are venturing in this new system of business tactics. There are countries where tax on business is either zero or very nominal and companies find these nests very profitable for expansion of their business. Offshore company is profitable for following reasons,
• Minimum taxation burden
• Confidentiality of operations
• Lesser administrative operations
• Best asset protection
• Meager setup and operations cost
• Minimum fund requirement
Though, every company can enjoy these features by setting up offshore company, however they need to follow few simple basic guidelines in order to abide by the minimum regulations that is imposed on an offshore company.
• Company setting up an offshore unit, must not posses any real estate property in the country it is established.
• Company does not do business with companies or people residing in the country.
• Company does not hold share or stocks of any company setup in the country.
Abiding by these simple guidelines makes sure that your business is running smoothly in the offshore business jurisdiction you wanted.
It looks that easy, but when you are looking at an international setup, you must carefully fulfill all the legal and financial dues that are levied on your company during offshore company setup process. These complications sometimes can be very critical and you must consider help of confidential offshore solutions to ease pressure from your neck.
Important services that companies get from confidential offshore solutions
There are various legal and financial processes that require assistance of confidential offshore solutions. Range of service of these solutions is,
• Formation and administrative support to company, trust and foundation
• Formation and administrative support for raising mutual fund and hedge fund
• Creating and organizing best asset protection
• Structuring for minimum tax system
• Services of secretary
• Taking care of all fiduciary services for professional directors, trustees, foundation councilors, bank signatories and nominated shareholders
• Introductions for banking and brokerage account
• Extending bookkeeping and accounting services support to the company
• Procurement of fund, insurance and securities licenses
• Legal and audit services from law and accounting firms respectively
One of the most important and protective feature of any offshore company is asset protection. Benefits of an asset protection trust are numerous and some of these are really very helpful for offshore company setup to maintain its privacy and confidentiality. Generally, these trust guards you against the policy making of local government of the country where your offshore setup is established. However, you need to follow a process for it. Whenever, you are served with a court notice from the government reps for any financial and administrative reasons, make sure you intimate your offshore business jurisdiction. You are not bound to act as per the court notice and course of action for the same will be guided by the offshore jurisdiction. Once you receive intimation from the jurisdiction, you can ignore the court notice, if you choose to.
Forming trusts is the best asset protection system at present for offshore business. For more information : http://www.sterlingoffshore.com/
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