Find a Licensed and Experienced Offshore Company Formation Services
Posted: Jun 19, 2018
Setting up a company offshore can be a great move for your business, whether you are starting up a brand-new venture or expanding your current operations. While there are many negative conceptions about company formation offshore, more people are also being enlightened about the real benefits and nature of this type of company, especially now that more and more businesses operate online and require no physical presence. In addition to tax shields and exemptions, an offshore company also offers a host of other benefits and advantages, including greater confidentiality, asset protection, as well as access to an offshore banking account, which in itself offers numerous benefits, like opening an account in a more economically stable jurisdiction, higher interest rates, and better investment opportunities.
In most cases, company formation offshore is a straightforward process, although it is not without its complexities. This is why it is advisable to hire offshore company formation services to assist you not only in figuring out whether or not an offshore company setup is the best for your type of corporation and your future business goals, but also in providing you guidance throughout the incorporation process. Here are some important tips you should remember when deciding to go offshore with your business:
- Plan ahead –Like any aspect of business, planning is a critical part of offshore company formation. Take time to learn about offshore companies and whether or not this kind of business setup is right for your business. Just as important as planning for your incorporation is your exit strategy, should you feel the need to close down operations or move on to better business prospects. Study potential jurisdictions and choose one that will best benefit your business in the long run.
- Choose the right offshore company formation services – Finding the right adviser to guide you through the incorporation process is also critical. You want a licensed and qualified company that has years of experience in incorporating companies in the jurisdiction you are eyeing. While DIY setup is possible, it isn’t advisable, especially if you are only trying to figure out offshore formation. You want proper guidance as you go through the offshore formation, and a service with the right expertise will know the ins and outs of incorporation in the jurisdiction you want to enter.
- Ask about costs from the get go – Discuss expenses and requirement costs early on. Read about incorporation costs and related expenses like company registration costs in your target jurisdiction and choose a service that is transparent about their costs. This way, you won’t have to pay more for services and expenses that are not absolutely necessary.
Sterling is a leading licensed and regulated corporate, trust, fiduciary and fund services provider delivering specialised solutions for a global clientele of international corporations.