With the advent of global communications come many opportunities to expand and enhance your business, never before have we had the ability to do so much from so far.
Modern communications methods and offsourcing are part and parcel of many businesses now days, however by utilise offshore companies to achieve that cutting edge advantage and produce opportunities conducive to maximizing profits, reducing taxes and protecting assets, many companies have found that being incorporated offshore is even easier and rewarding than ever before
Offshore Corporations are often used for vast array of activities including trade financing, profit upstreaming, holding assets, procurement of raw materials and tax minimization. Joint company ventures often use offshore companies when the principals are from different countries and prefer to incorporate in a jurisdiction that is particularly favourable for low or zero taxation.
In many jurisdictions an offshore Company is recognized as an alien national and as such can confer a trade advantage or may help avoid a trade disadvantage. It can also be used as an integral part of a trust structure. The advent of on line incorporation technology means that companies in most jurisdictions can be incorporated online with very little effort and in many cases a very short period of time, sometimes as little as 24 hours.
In an environment where global trade and business is becoming the norm, offshore incorporation is becoming more effective and popular among every level of business, with a proper structure in place offshore instruments facilitate long term strategic advantages that assist in maximization of profits while minimising the hassles of international trade
These practical applications mentioned above are just a few of the advantages that can be achieved through utilizing an offshore company to address global strategies.
ABOUT THE AUTHOR
Mike Dempsey works for http://www.incorporateacompany.com dealing with the online incorporation services.