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A properly structured offshore company is an excellent, tax-efficient corporate vehicle through which international business can be conducted. The following information will help you determine whether Offshore company formation is a valuable solution for you. |
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| Advantages of Offshore Company Formation | |
| 1. | Provided it is legally and properly structured, offshore company formation is a popular way to legitimately minimise international taxation. |
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| 3. | Offshore company formation is a perfectly legal way to protect global assets. For more information on asset protection, kindly visit our Offshore Asset Protection page. |
| 4. | Offshore company formation enhances client confidentiality. Shareholders' and directors' details remain private - offshore jurisdictions tend to have strong corporate and banking secrecy laws. |
| 5. | Offshore company formation offers unrestricted flow of capital and transfer of assets globally. |
| 6. | It is possible to open corporate bank accounts all over the world to support offshore company formation. Banks such as HSBC, Standard Chartered and Citibank provide corporate bank account services. |
| Disadvantages of Offshore Company Formation | |
| 1. | Many offshore jurisdictions are under pressure from the Organisation for Economic Cooperation and Development (OECD) to exchange previously confidential client information. OECD efforts seek to minimise tax evasion, minimise money-laundering and terrorist financing.
Offshore company jurisdictions such as Singapore and Hong Kong are immune to such pressure. |
| 2. | Depending on the corporate jurisdiction chosen, an offshore company may at times portray a negative image to your customers, suppliers, investors or banks. |
| 3. | While offshore company formation is perfectly legal, concealing information about your offshore investments is considered illegal in some countries. |
Uses of an Offshore Company |
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| Offshore company formationis popular for entrepreneurs in the following businesses: | |
| 1. | An Import-Export company or an international trading company, refer to this webpage; |
| 2. | Intellectual property developer, further can be read on the World Intellectual Property Organization (WIPO) website; |
| 3. | Independent consultants and contractors; |
| 4. | Investment portfolios and property-owning companies, kindly visit our Internatiol Trading Services page; |
| 5. | Holding companies and shipping companies. |
Healy Consultants Fees for Offshore Company Formation
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Offshore company formation costs vary depending on the jurisdiction. Please contact us with your offshore company formation requirements for a detailed quotation. |
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| Other Information on Offshore Company Formation | |
Refer to the following links to read more information on offshore company formation: |
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| Contact Us | |
For more information on any of our offshore company formation services, email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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| Back to Company Incorporation page. | |
Singapore Company formation, Dubai Company formation, Hong Kong Company formation