Offshore company incorporations can offer many advantages to business owners. These benefits, however, do vary considerably depending on which jurisdiction where the business chooses to locate. You must explore the numerous options of locations to find one which suits you and your business, in order to give yourself the best chance of success. Spending some time investigating the offshore jurisdictions you prefer will allow you to make an informed decision of where to locate your offshore company.
Beneficial taxation is usually the key reason businesses choose to incorporate offshore company. However, you must be aware that the various jurisdictions vary considerably in what type of tax breaks they offer. There are jurisdictions which allow offshore companies complete tax immunity, and others provide excellent tax reductions. All of the offshore locations will allow companies good savings on tax which can work out extremely beneficial over time. Some business owners will opt for low tax liability rather than no taxation at all, simply because they prefer one location over another. It is, ultimately, your decision about where to locate based on what you consider fits your company brief.
Another advantage with many offshore locations is their privacy policies. These allow for businesses undergoing offshore company incorporation to benefit from confidentiality regarding the company and its representatives. So, if you would like to keep your personal and company information out of the public domain, this is possible in a lot of jurisdictions. You will be allowed to use nominee directors and shareholders to protect the genuine people from having their details available to the public.
Another consideration should be to look at jurisdictions which are members of the Organisation for Economic Co-operation and Development (OECD) or white list. This organisation aims to develop the social and economic standing of people throughout the world. The offshore locations named on the white list are recognised countries for offshore company incorporation. They are stable and secure locations for offshore companies, and if you operate and expand your business there, the authorities will consider your company reliable and trustworthy. It is always good to be considered an open and honest operation and run your business in this way.