Setting up a business offshore is, if properly structured, a legitimate way to minimise international taxation. Many of Healy Consultants' clients are reaping the benefits of offshore business formation. The following information will indicate whether starting a business offshore is the optimum solution for your business.

Advantages of Setting Up a Business Offshore

Setting up a business offshore is straightforward with Healy Consultants thanks to our transparent and logical engagement procedures.

Many of our clients ask for our assistance in starting a business offshore to legally minimise their international tax, if the company has been correctly structured.

Setting up a business offshore in reputable jurisdictions such as Singapore and Hong Kong portrays a positive image to customers, suppliers, investors and banks.

Offshore business formation is a legal way to protect global assets. For more information on how starting a business offshore aids asset protection, view our asset protection page.

In many cases, offshore business formation can enhance client confidentiality. In some jurisdictions, shareholders' and directors' details remain private after setting up a business offshore. In particular, offshore jurisdictions tend to have strong corporate and banking secrecy laws, for example Singapore.

International entrepreneurs can move capital and transfer assets freely following offshore business formation.

Healy Consultants assists our client to open corporate bank accounts all over the world; our preferred banks for Asia are DBS, Standard Chartered and HSBC.

After starting a business offshore, Healy Consultants provides our client with a reputable international business address details for invoicing purposes, supported by telephone, fax and e-mail forwarding.

After setting up a business offshore, Healy Consultants assists our client with business website building, search engine advertising, as well as stationery and logo design.

Following offshore business formation, Healy Consultants helps our client to obtain corporate finance, trade finance and to open an Internet merchant account. Additionally Healy Consultants will also obtain approval for an international brokerage account for our client.

After starting a business offshore, Healy Consultants assists our client in locating a proper business premises and recruit local staff in the chosen jurisdiction.

Following offshore business formation, Healy Consultants provides excellent accounting and taxation support for your offshore company, including i) corporate structuring ii) minimising withholding tax iii) tax returns and financial statements iv) payroll and investments.

After setting up a business offshore, Healy Consultants provides our clients with a range of Consulting Service, including i) merger and acquisition advisory ii) business due diligence iii) internal audit support iv) business process re-engineering.

After starting a business offshore, Healy Consultants can provide Virtual Office services in the offshore jurisdiction of our clients' choice. These services include i) providing office space to clients ii) a business address for invoicing purposes iii) phone, fax and email support and iv) global call centre support.

Following offshore business formation, Healy Consultants can assist our clients to obtain employment and residence visas for themselves, their families and staff. For more information, refer to this link.

Disadvantages of Offshore Business Formation

Many offshore jurisdictions are under pressure from the Organisation for Economic Cooperation and Development (OECD) to exchange previously confidential client information. Those setting up a business offshore should note that OECD efforts seek to minimise tax evasion, minimise money-laundering and terrorist financing. That said, many of our clients opt for starting a business offshore in jurisdictions such as Singapore and Hong Kong, which are immune to such pressure.

Depending on the corporate jurisdiction chosen, by setting up a business offshore you may portray a negative image to your customers, suppliers, investors or banks.

While offshore business formation is perfectly legal, concealing information about your offshore investments is considered illegal in some countries.

Reasons for Starting a Business Offshore

Offshore business formation is a popular solution for international entrepreneurs in the following sectors:

Healy Consultants' Offshore Business Formation Fees

Our fees for setting up a business offshore depend on the jurisdiction and the range of services offered. Please contact us to tailor an accurate quotation for starting a business offshore according to your exact needs.

Other Information on Offshore Business Formation

Refer to the following links to read more information on setting up a business offshore:

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