Benjamin Franklin, one of the founding fathers of the United States and a politician, once said, that in this world, nothing is certain but death and taxes. It’s true but as regards to the second part: taxes may vary. Mind Your Pints and Quarts and you will be playing with a full deck. The question is that are you thinking about incorporating offshore? Looking for opening offshore bank account or wishing to open an offshore merchant account? Maybe want to form an offshore trust? There are a number of reasons why so many private individuals and businesses like company incorporation in seychelles decide to incorporate offshore. Some of the major advantages are: Tax saving, Confidentiality over financial affairs and wealth growth without intrusion, Investments diversification, Higher returns, Asset protection, Privacy/anonymity and Global investing.
It has become almost impossible for today’s businesses to remain in complete privacy, free from excessive taxation and not vulnerable to lawsuits. Placing your assets offshore, you can protect yourself from illegitimate creditors as there are no taxes assessed on in offshore trusts or International Business Companies formed in offshore company incorporation in bvi jurisdictions. If you are an investor and wish to Company Incorporation in Dubai, then you need to know about sponsorship for Dubai. Every foreigner in the country must have a Sponsor. Every business must have a Sponsor or a Service Agent.
A company incorporation and formation in a country is of Panama. These days, Panama is a growing, and famous and respected worldwide financial center with a rapid growing economy mainly based (over 75%) on tourism, real estate, construction, commerce and manufacturing industries. Panama allows 100% foreign ownership of a business entity. They provide legitimate tax exemption for foreign sourced income, along with other incentives specific to start ups. They do not carry any ‘tax haven’ stigma. It takes approximately 5 days to complete company incorporation in aruba setup, including the opening of a corporate bank account. So as the saying goes, there is no time like the present. Regardless of the jurisdiction chosen, if you are confident with your knowledge and experience of your industry and you have carried out the required planning and research then you could be missing out on lucrative opportunities by not taking action on your business expansion dreams.
