Offshore Company Incorporation |
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While offshore company incorporation is increasingly under the microscope, its popularity remains strong. Although approximately two thirds of total global financial assets are in offshore 'tax havens’, the dynamics of these jurisdictions, and therefore offshore company incorporation, are constantly changing. The main drivers of change related to incorporating an offshore company are: |
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Singapore and Hong Kong are two markets that have agreed to follow the standards set by the OECD. Singapore and Hong Kong are reputable jurisdictions whose economies offer outstanding investment opportunities and remain particularly attractive locations for incorporating an offshore company. These locations are also popular because they permit international profits to be legally tax-free. In addition to this, Offshore company incorporation is popular in jurisdictions such as Dubai and Ireland. |
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As a result of pressure on some jurisdictions (often referred to as 'tax havens') from the Organisation for Economic Cooperation and Development (OECD) to exchange confidential information about corporations and bank accounts, some entrepreneurs' are hesitant to incorporate an offshore company. |
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Healy Consultants is witnessing a decline in interest in offshore company incorporation in traditional offshore jurisdictions such as the British Virgin Islands (BVI), Bermuda and the Bahamas. |
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Asia’s booming economies, strong banking laws and business-friendly economies are fuelling a flow of capital from the traditional banking centres in Western Europe to Asia. Healy Consultants is therefore witnessing increased demand for offshore companies in Singapore and Hong Kong offshore companies. |
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While traditional tax havens continue to offer advantages for entrepreneurs considering offshore company incorporation, they often attract a negative stigma. |
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Governments in most countries continue to impose high taxes to fund development as their populations and economies grow. This should ensure that offshore company incorporation remains a legal, effective way to protect assets. |
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Other Information on Offshore Company Incorporation |
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Healy Consultants Fees for Offshore Company Incorporation |
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Our costs to for offshore company set up are dependent on the jurisdiction chosen. Typically total engagement costs range between US$5,000 and US$10,000, depending on corporate structure chosen and the professional services required. Please request for a specific outline of costs based on your requirements. |
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Contact Us |
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For more information on offshore company incorporation, contact email@healyconsultants.com or telephone (+65) 6735 0120. |
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