When hearing about offshore companies everyone always think only about tax evasion. But there is more to it than just this. At OffshorePremium we have more than 20 years of experience incorporating offshore companies for our clients to:
- Protect their assets
- Manage their risks
- Maintain their privacy
- Reduce bureaucracy and red tape costs
Where to incorporate your offshore company?
Firstly you have to understand what offshore company means. An offshore company is simply a company incorporated in another country than the one you are a resident off. By this standard a Belgium resident incorporating a company in France is setting up an offshore company
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This being said you have two options:
- Incorporating your offshore company in a tax haven that is to say into a country which has no corporate income tax
- Incorporating your offshore company in a low taxes country that is to say into a country that has a low corporate income tax rate such as Bulgaria (10%) Cyprus (12.5%), Switzerland (from 10%)
Contrarily to a common misconception Low Taxes country incorporation is often tax wise a better option than incorporating a company into a tax haven.
Companies VS Trust of Foundation
There are many legal entities that may be considered to set up a presence offshore.
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Whether a simple offshore company or a foundation or a trust is better suited for you will depend of an analysis of your needs and of your personal situation. It will also be necessary to make a diagnostic of what your objectives will be. At OffshorePremium we never incorporate an offshore legal entity without first a complete discussion with the client.
Read More About Offshore Companies
For more information about offshore companies trusts and foundations please read on our posts on the subject by clicking the link below
For more questions you can contact me at [email protected]