Are you interested in establishing an offshore company?
Posted: Apr 25, 2017
Offshore companies are getting more exposure as many individuals and businesses are deciding to set up an offshore company for the many great benefits such as tax benefits, easy setup and business administration, asset protection, privacy and global investing. There also many individuals who set up offshore companies with no intention to engage in trading or business. They use these companies to simply protect private assets from the third parties.
An offshore corporation is able to own any assets that an individual can, for example, cash, securities, real estate and more. At the same time, the identity of the owner of the company is completely secured by the offshore legislation. Setting up an offshore company is often the aim of those who are restricted by their local legislation from participating in some overseas investment opportunities. Holding real estate offshore is another application of an offshore company. It allows asset protection and confidentiality.
Setting up offshore companies is not for everyone. While set up can be easy, one needs to look at your goals, the size of your capital and your business turnover and profit before planning an offshore company formation. These companies enjoy many powers but at the same time have a few restrictions too such as not engaging in banking for third parties or offer service in the local jurisdiction
These companies however can engage in whatever any limited company can, for example – open bank accounts globally, own cash, securities and commodities, do business globally and own intellectual property. Companies can be administered from anywhere in the world and they do not need to file annual accounts or returns.
Most individuals, professionals and consultants use the help of offshore company formation service providers who will help them from beginning unit the end of the process. Expert advice always helps.
While incorporating an offshore company, you may have many questions.
Some questions that you may have.
- What are the benefits of
- Which jurisdiction should you choose?
- What documents will I need for incorporating an offshore company?
- What is a shelf company?
- How much time is required to establish an offshore company and bank account?
Your service provider will guide you and give you answers to any queries you may have. They will also educate you with information regarding pro and cons of each jurisdiction and introduce you to the most stable solid offshore bank where your funds and investments will be secure.
Liberty Enterprises offers a wide array of offshore and US domestic credit card and Ach/E-check merchant solutions.For more visit www.confidentialbanking.com