What's meant by Going Offshore?
What common mistakes people make when
going offshore?
Is it illegal to move assets offshore?
Is it illegal to have Offshore bank
accounts?
Isn't it going offshore only for the
rich?
Can I move my existing business offshore?
Are there any other advantages besides
tax?
Are the assets or funds safe offshore?
Can offshore investments/assets be protected
against lawsuits and creditors?
Frequently Asked Questions -
Incorporation Matters
Frequently Asked Questions
- Going Offshore
Frequently Asked Questions
- Annual Maintenance
What's meant by Going Offshore?
It is the utilisation of out of country corporations
to legally safeguard assets, minimize taxes, plan
for the future and take advantage of global investment
opportunities.
What common mistakes people make when going offshore?
Proper structuring and managing of investments and
transactions is the key to successful offshore investing.
In addition, planning ahead or beforehand is important.
Improperly structuring and managing investments can
result in lower investment returns, significant risks,
unnecessary tax liabilities and even civil and criminal
penalties for the international investor.
Is it illegal to move assets offshore?
It is legal to have accounts, funds, reserves, liabilities,
assets etc. almost anywhere in the world. Running
business with offshore company is not illegal. When
you do not declare assets or profits, that should
be declared according to your domestic tax code, you
are subject to certain penalties and fines or more.
However, when you withhold information about your
offshore investments is illegal in some countries.
Is it illegal to have Offshore bank accounts?
It is legal to have accounts and funds almost anywhere
in the world. If the bank account is used for legal
activities (under the laws of different countries)
and there is no money laundering activities inside,
having an offshore bank account is not illegal.
Isn't it going offshore only for the rich?
With the high quality of services available, offshore
is now a relatively simple and affordable procedure
for almost anyone.
Can I move my existing business offshore?
Some companies move parts of their business offshore
almost immediately as separate subsidiaries and profit
centres. However, some may balance-off with different
parts of the businesses and the time may be extensive.
Are there any other advantages besides tax?
There are many other advantages such as: Anonymity,
Asset Protection, Foreign Property Holding, Limiting
of Liability, Unrestricted Flow of Capital, Asset
Transfer, Estate Planning, Exchange Control, Global
Trusts and Business Diversification, Group Strategy
etc..
Are the assets or funds safe offshore?
Many financial experts believe that offshore investing
when done through reputable companies is actually
safer than investing onshore. Hong Kong or some other
offshore jurisdictions, are having such characteristics;
namely: stricter banking laws, sound financial system,
pool of professions, lower costs of operation, lower
taxation, conservative investment policies, minimum
stockholder pressure and.... Additionally, further
safety and protection of investments and assets against
lawsuits and creditors can be achieved offshore.
Can offshore investments/assets be protected against
lawsuits and creditors?
Complete protection of investments and assets from
lawsuits and creditors can be achieved through properly
structuring offshore investments and assets.
Our aim is to provide a comprehensive service to our
clients in offshore operations. If you find above helpful,
please free to contact us.
