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Starting a Business in Offshore

Offshore

Starting a Business in Offshore

Offshore Business Experts

Recent forum posts

 

  1. Setting up a tourist venture in Egypt from the UK

    I'm looking to open a tourist venture for British tourists visiting Egypt. Is there anything I need to put in place with Egyptian law? It'll be based online to arrange excursions and tours with English speaking Egyptians picking up the guests on the other side.

    Total Posts: 1 Last post by Yaamina1986!!

  2. The Oil and Gas Market Is Back to 1990s Again?

    There are striking parallels between OPEC’s current situation and 1990s. During 1997-1999, OPEC lost the market control and the oil price slipped to below 10 USD/ barrel. Whilst investors may wonder whether the markets will follow the same trajectory this time, it is important to remember that it was OPEC (Organization of Petroleum Exporting Countries) that emerged from that crisis to see the

    Total Posts: 5 Last post by anr.lease

What is an Offshore Company?

The term “offshore” was termed in the 1980’s and is used to describe a jurisdiction or country that provides corporate and commercial services to non- resident companies.

They are usually small, with financial centres hugely disproportionate to the population, and the attraction for companies and investors is the climate of low tax coupled, in many cases with privacy.

Today the most popular offshore jurisdictions include:

  • British Virgin Islands – the largest number of registrations
  • Bermuda - probably best known for aircraft registration.
  • Cayman Islands - which has the most assets under management in offshore funds,
  • Jersey - popular with the banking, fund management and professional services sectors.
  • Luxembourg
  • The Bahamas has a considerable number of registered vessels.
  • Panama is a famous international maritime centre.

The main reasons companies choose offshore company formation include:

Many corporations include lots of individual and separate companies. It might be sensible for this type of organisation to register offshore simply as an asset holding vehicle.

Companies doing business in politically or financially unstable countries may choose to incorporate offshore to avoid risk, and protect their assets. This also applies to countries where it is not easy to get the money out, or where exchange rates might make business (and profitability) difficult to predict.

Companies involved in complicated financial dealings will also opt to register offshore for a variety of reasons, not least to keep the financial regulations simple.

Offshore jurisdictions are frequently used to set up joint venture companies where two or more organistions from different countries (with different legislations) need to set up a separate entity.

Successful companies who want to become a public company will choose the offshore company formation option to enable them to be listed on the relevant stock exchange.

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Organisations that can assist with Starting a Business

  • > Redesmere

    Caught out by Brexit? Concerned about Trump’s unpredictability?

    More Details Visit Website
  • > SafeGuard World International

    Whether you are entering a new market and have yet to establish a business entity, or you have been in a country market for some time; whether you have one worker or thousands of employees, SafeGuard World International can help. We can support you during every stage of your journey with global payroll, contingent labor, global recruitment and a variety of multinational HR consulting and professional services.

    More Details Visit Website
  • > TBA & Associates

    Who We Are Worldwide there is a definite and rapidly growing trend to safeguard assets against high rates of taxation, unstable political and economic factors, business risks and personal circumstances, through the use of offshore structures.

    More Details Visit Website
  • > Blue Marble Global Payroll

    We do payroll there. We can do it anywhere. Many companies with global employees find that payroll can be a stressful part of doing business overseas. Finding a reliable payroll company, faxing and emailing multiple payroll spreadsheets each month, and treasury management are just some of the obstacles

    More Details Visit Website

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