A Brief Guide on how you could Set Up your Offshore Company

g 16, 2016 • By GWS-Offshore • 0 Comments • 177 Views

It has long been a trend within the business community to set sail offshore in search of expansion and newer markets. The multinationals have long adopted this strategy when they have felt, that local markets have been fully exploited. However, it is of late that plenty of the smaller business houses have toyed with the idea of setting up offshore ventures. It is the tax havens presence all over the globe, which has encouraged the small business houses to think on these lines. You are probably doing brisk business in your home country. However, it is an unfriendly tax structure, which is preventing you from optimizing your profit figure. It is certainly a lot healthier for your business, if you set up the venture at any of these tax havens.

Your shrewd business mind has certainly been able to quickly understand the potential benefits of setting up base at any of these offshore place and you have probably surfed the net in search of these tax haven destinations. However, we suggest that you should refrain from randomly taking any decision about your offshore company location. There are plenty of issues, which you need to look into and hence let us discuss on these lines. Firstly, the location may offer tax incentives, but you also need to check on whether the political process at a particular location is stable or not. You have probably been in business long enough to understand that unless there is peace prevailing, it just may not be possible for any business venture to flourish.

Now, you also need to get into the nature of business, which is termed tax-free at a particular location. You are sure to run into locations, which are ideal for internet services, intellectual property management or inheritance business. Hence, there is certainly need to plan a lot before setting up base at any place randomly. The key will be to take help from top professional offering corporate services. If you are mainly into international business or a custodian or movable and immovable properties, then the advice, which generally comes from a top corporate service provider is that, you could look up to setting up a Belize offshore company.

It is a Central American state under the Commonwealth and the region gained independence from British rule only in 1981. One of the key positives of the location is that, Belize has not signed any double agreements and if you are looking for a location offering tax optimization, then this is it. The authorities keep up the perfect levels of confidentiality and that makes it ideal if you are planning an offshore venture. We would like to state that the locals are fluent in English and if you are trying to communicate, it should never be a concern. There are immense positives of Belize as a destination for your offshore venture and with a top corporate service provider by your side; it should be easy for you.
It is essential to note that a top corporate service provider will be there by your side at Belize. You will perhaps want to register a company at the location, but being new to the region, the rules about company registration in Belize are sure to confuse you. You certainly need not have to think much on these lines as the professional will make sure that the company is set up quickly. Often the process of company formation in the region could take as little as 24 hours. The establishment fee is 890 USD and the annual government fee is 100 USD. It is cheap by any standards and your offshore venture in Belize will be set up without causing much of a drain on your finances.

You could also get perfect help about opening of bank accounts at the location. It is simple that being new to the place banks or financial organizations will be skeptical in dealing with you. Once again you can expect all help from the professional in opening bank accounts and availing credit. Just for when you are eager to do VAT registration, they are ready to help out. In short one can say with a top corporate service provider willing to help, it is now easy to do business in Belize and optimize the tax benefits.