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How do you feel about offshore companies?

Interesting

Interesting

New Member
Verified Member
Generally speaking, a tax haven is a jurisdiction in which taxes are either applied at a low rate or not at all. An offshore company is a company established in order to operate and perform business activities outside the jurisdiction in which it was officially incorporated, as well as outside (or off the shores of) the place of residence of its directors, shareholders and beneficial owners, which may be crucial for tax planning in certain legal systems. Usually, an offshore company is established in order to receive certain legal or tax benefits, to allow for a particular corporate structure or to protect the confidentiality of the beneficial owner and/or asset holder.
The six main benefits of incorporating an offshore company in one the tax havens:
Tax reduction;
Privacy;
Simple maintenance;
Asset protection;
Lower expenses;
Lower minimum share capital requirements.
http://www.confiduss.com/en/services/incorporation/location/tax-haven/
 
Business Upside

Business Upside

Member
Verified Member
One of the main offshore company welfares is that they are generally “tax neutral” meaning they are often tax excused in the country of combination or they pay a low or zero effective rate of taxation when used as a holding company getting dividend income for example.
 
K

Karen Chen

New Member
Verified Member
I think offshore company is very beneficial in many instances especially nowadays many businesses can be operated and managed online. For instance, if you are an IT specialist or are engaged in import export trading business, you can set up a company in low tax city such as Hong Kong to run your business while residing in your home country. No VAT, no sales tax. The only tax company pays is profit tax which is super low at 8.25-16.5%! No need to hire staff or rent office locally as all back office works can be outsourced to local service provider.
 
jessicaherron9

jessicaherron9

Member
Verified Member
Here are the best offshore companies you need to know.

Hong Kong Co., Ltd
Singapore Pte Ltd
BVI Business Company (BC)
Cayman Islands Limited Liability Company (LLC)
Belize International Business Company (IBC)
RAK International Business Company (IBC)
 
M

Michael72

Member
Verified Member
Managing your business can be improved with a CRM system. It is a program that supports such processes as business management and customer relationship management. This program facilitates management and increases the efficiency of the company. I use the system from FIRMAO and I highly recommend it, it is one of the best software on the market.
 
M

Michael72

Member
Verified Member
CRM is a very good software that can help you succeed in your business. In my company, this system has allowed me to improve customer relationship management and business management. I use CRM from FIRMAO and it is a really good program that is worth testing, especially since there is a 14-day free trial period.
 
Espadon

Espadon

New Member
Hmm, I'm not sure that offshore companies are good. Only if you're not a millionaire and you're not worried about retirement.
 
hamzaiqbal

hamzaiqbal

New Member
Verified Member
It is the process of software development that includes specialized groups with domain-specific knowledge who collaborate with you internationally to develop software across multiple local contexts to help businesses compete and survive in a rapidly changing world. In other words, offshore software development means hiring offshore software engineers and assigning your software development tasks to skilled developers in another country. These tasks may include any type of offshore software development service.
Source: https://www.cubix.co/blog/offshore-software-development
 
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