Registering company offshore - pros & cons
freeplatypus started this topic @ 21:41 on 20/03/2010
Hi all,
In order to avoid bureaucracy and taxes, I am thinking about incorporating offshore (BVI or Belieze).
On one hand it seems to be really easy and beneficial, but since there is nothing for free in the real life, what I am missing? What are biggest cons of offshore company?
Obvious pros:
- lower taxes,
- less paperwork
- higher than usual privacy
Obvious cons:
- potentially lower trust from customers
Interesting or important topic? Please click "vote topic higher" if you think so.
RE: Registering company offshore - pros & cons
Wisteria | 22/03/2010 02:38 PM
Hello freeplatypus,
I think the pros you have higlighted are all valid points but i'd like to alert you to the flipside of the 'higher than usual privacy' pro.
The increased privacy may be a deterrent to potential financial partners or investors as it makes it harder to determine the actual worth of your business. In addition, lenders will be less likely to provide finance to companies who are not 'in the same country' as them.
Hope this helps. I work for an Company Formation firm so if you want to know more and can't find the answers on these forums check our website (www.wisteriaformations.co.uk).
Cheers
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