Incorporating an Offshore Entity

Incorporating an offshore entity is an excellent way to create a tax-efficient corporate vehicle through which international business can be conducted. The following information will help you determine whether incorporating an offshore entity is the best option to meet your business objectives.

Advantages of Incorporating an Offshore Entity
1.	Benefits of incorporating an offshore entity include tax exemptions on international profits.
2.	Another key tax advantage of incorporating an offshore entity is the network of double taxation treaties that offer tax relief between certain jurisdictions.
3.	The procedures required to incorporate an offshore entity is usually very quick and simple.
4.	Minimal annual financial reports are typically required when incorporating an offshore entity.
5.	After incorporating an offshore entity, Healy Consultants will open global corporate bank accounts to support the company. Banks such as HSBC, Standard Chartered and Citibank provide corporate bank account services.
6.	After incorporating an offshore entity, our clients can obtain residence and employment visas in the jurisdiction of their choice.
Disadvantages of Incorporating an Offshore Entity
1.	Submission of annual accounts and an audit after are required by some jurisdictions when incorporating an offshore entity.
2.	Some jurisdictions have agreed to exchange confidential client information with organisations such as the Organisation for Economic Cooperation and Development (OECD) after incorporating an offshore entity.
3.	After incorporating an offshore entity, the company may be perceived as a tax avoidance mechanism located in a tax haven.

For more information on incorporating an offshore entity, email email@healyconsultants.com or call (+65) 6735 0120.

Back to Offshore Company Formation page.

Healy Consultants' books on Asia Business Set Up, Search Engine Advertising for Entrepreneurs and Asia Property Services. Click HERE for more information.