Aug 27, 2019

Everything you need to know about offshore companies

In general

An offshore company is a company or enterprise established in a business-friemdly “offshore jurisdiction”. Whilst “offshore” basically means anywhere outside your home country, offshore countries are generally business friendly jurisdictions that have liberal laws and low taxes.

Offshore companies are very often not required to publish financial reports, while registration is simple and cheap – all this simplifies business. Examples of typical offshore countries are: Panama, Seychelles, Mauritius, Belize, Costa Rica, Bahamas, British Virgin Islands, Nevis, Hong Kong and many others.

The question is what is the interest of certain countries to become offshore locations and allow non-residents to register a company with tax optimization benefits?

As you may have noticed, these are mostly small countries and the small amounts paid by thousands of companies mean a lot to them. If each of these companies pays a fee of e.g. $ 1000 a year, we come to millions that flow into the budget.

But that’s only a small part of the benefit because, in addition to revenue to the state, a whole “industry” is being created that creates jobs related to the maintenance and registration of offshore companies.

And you can start your own offshore company because, as already mentioned, maintaining an offshore company usually doesn’t require bookkeeping or hiring people. Depending on the type and purpose of the business, you can register an offshore company in one day and pay from 1,000 euros for it. The process is very simple:

The first step is to explore all the possibilities on the Offshore Pro Group website, because we offer a large number of our services in founding offshore companies. Then choose a company name and location with the help of our tips and suggestions. The next step is the identification you will be asked for depending on the country and the type of company you are setting up. This is followed by official confirmation and you become the owner of the company.

Anyone can register offshore companies. As we have already mentioned, it is usually not necessary to keep books and employ people to maintain offshore companies. The reason for this is the positive business atmosphere in offshore states. Feel free to contact us if you need to establish an offshore company, consulting for offshore business and offshore banking, as well as for interstate transactions and investing through offshore companies.

Benefits of having an offshore company

Some benefits that offshore companies have are asset diversification, better banking, asset protection, going out to markets that you would not be able to go to, more privacy and confidentiality and more individualism in terms of having your private assets away from anyone who is too curios about you and/or your business. Offshore companies also help their owners to legally optimize their taxes and, in that way, help them save money. Also, the whole process of setting up an offshore company can be done remotely with the help of a professional introducer from Offshore Pro Group. We are here to guide you in the right direction and do the heavy work such as organizing everything and making it as much easier as it can possibly be for you.

Why should you offshore your company?

By all means, an offshore company is an additional but very valuable tool to protect your assets and offshore your funds, but most importantly it is a legal way to experience the benefits that you would not be able to with an onshore company. In simple words, it is an easy way to grow your network and business. It is not a good idea to use an offshore company for any kind of illegal activities. With the help of Offshore Pro group, you will for sure get all the information that you need, all the instructions and the best fit for you personally.

Offshore Pro Group has been in the offshore consultancy business for years and we will gladly help you find the best financial solutions if you decide to seek our advice. Please write to us to [email protected] or use WhatsApp or our live chat to get in touch with us. Whatever communication means you choose, we will be able to suggest the solution that will fit your personal outlooks and your individual investment preferences best!