The main reason for incorporating an offshore company is to eliminate completely the overall tax liability arising from an international activity. Offshore company formation results in zero corporation tax which allows companies to save considerable money. This of course is the main reason of using offshore companies. However is not the only benefit relating to the use of offshore company.
In addition to the above offshore company formation can reduce the regulatory cost since there are no significant compliance requirements. Offshore companies do not need to prepare audited accounts signed by an independed auditor as is required in all other countries. Also they do not need to submit their financial statements in the government and to disclose the details of the shareholders.
Furthermore, incorporating an ofshore company allows individuals to keep their business affairs confidential. Offshore companies offer maximum privacy about the shareholders since you have the opportunity to use nominee services. Using nominee services means that another person is appearing as the shareholder/director of an offshore company on behalf of the real shareholder/director. This is made in order to offer to the beneficial shareholders anonymity, confidentiality and the highest level of privacy protection.
Another advantage is the fact that the incorporation of an offshore company is a fast and simple procedure. Some offshore companies can be formed online in less than 24hours. Interested parties may also purchase a shelf offshore company with an established bank account and use it for business in the same day.
But what are the uses of Offshore Company incorporation? Below you can find a summary of how offshore companies are used:
Professional services companies
Investment companies (holding of investments in other companies)
Holding of property owning companies
Royalty/patent/copyright holding companies
Internet companies (ideal solution to hold domain names and making business from a website)
Used for huge savings on the reduction of payroll and travel expenses
Profbids.com is an online platform for professional service providers and customers to meet and transact benefiting from the convenience and immediacy the internet can provide. Visit the site and request a quote for the incorporation of an offshore company today. Quality professional service providers from all over the world visit the site every day and would be happy to give you a quotation for the incorporation of your offshore company. Remember that there is no obligation to accept a quote in case you are not satisfied with the price proposed.
We, as a mindful and conscious Quality Professional Services providers, aim in eradicating the tax liabilities involved while setting up a company. That is why we regard the notion of Offshore Company Incorporation a reasonable one because the entire procedure is fast, simple and unpretentious. www.profbids.com provides the opportunity of using quality services so that you do not deviate from the track which leads to your anticipative peak.