Archive for the ‘Fine Life Blog’ Category
Offshore with a clue and for profit optimizing, be wise go offshore
For ages it has been well know that large corporations are instantly expanding their business locations to offshore jurisdictions just for better cash flow optimizing and tax purposes, it has nothing to do that they want to conduct business in those countries.
Also for many years now, it has been a closed area to enter into the planning of taking your company offshore with your business, it is worldwide known that Swiss bank accounts have been used to avoid TAX on income and profits in general, but this option is going to close their doors, now you need to find a good and reliable place to STORE your MONEY. Cyprus is one of the only places within the European Union which still has 100% banking secrecy and where it is impossible for an individual or foreign company to open a Cyprus bank account. The Offshore Bank in Cyprus which you need to find will simply deny business cases which haven’t been introduce by an official offshore bank introducer.
The question here is, how you as an individual can become a personal or business offshore bank account in an Offshore Bank, and why a Cyprus bank account is the best solution for you and your business.
Furthermore you will need to consider which other benefits it would give you as a business in regards to offshore asset protection. Yea it is right you might not have heard of the term offshore asset protection, but we will teach you what it is and how it will be an important role for your offshore company formation planning.
So, what you need to do, first of you will have to consider if you make enough profit in your business to effort the expanses which are involved in incorporate an offshore company and to become an offshore bank account with an offshore bank.
Offshore asset protection, how; very simple an Offshore Company and for instant an Cyprus company will make it very difficult for any authority in the world to find the real beneficial owner, secondly it costs a lot of time and money for anyone to claim any rights to get access to assets in an Cyprus Company or any other Offshore Company. Finally an Offshore Company and a Cyprus Company will work as an individual entity so it is perfect for offshore asset protection, because you can just take anything from a person which isn’t related to the claim! Do you have the picture now? If not it is all about offshore asset protection and to protect your rights to keep you hard earned money. In other words by entering into a consideration of offshore asset protection you just need to keep in mind that no one will be able to get access to whatever assets you might have in the company, even not if you file personal bankruptcy.
The important thing here is as long as we speak about cash, you will need to find a Offshore Bank which will open an offshore bank account for your offshore company or Cyprus company, this you will easily get access to through an offshore incorporation service which typically is able to prepare everything for you in one task. With an Offshore bank account you will have access to your moneys in your offshore accounts 24/7/365 and only you will have access to your offshore accounts, not the offshore incorporation service, not any nominee shareholder or director, no, only you. The offshore bank will send you the codes for your Internet Banking directly to the address you tell them to send it to. There is an 100% secrecy by opening an Offshore bank account or for instant to become a Cyprus bank account in an Cyprus bank / Offshore Bank.
Offshore accounts can be hold in multi currencies like EUR,USD,GBP and CYP almost any Offshore Bank will give you the possibility to have your own IBAN account number and Internet Access but the Cyprus Bank Accounts are the most reliable solution in general, since Offshore Banks in Cyprus are regulated through a strong financial network.
Start today to consider how you can get offshore asset protection, an offshore bank account in an Offshore bank and for instant go and consider to open a Cyprus Bank Account before anywhere else.
There are plenty of benefits with an Offshore Company Formation!
Offshore Company Formation with nominee shareholder and director
The benefits from an Offshore Company Formation and the opening of an offshore bank account are many, and if done right it can give the maximum tax savings, privacy and assets protection and anonymity.
Many European countries have strict regulations on how you can manage your LTD or other limited company form; many entrepreneurs are struckeling in the effort to managing and survive of their company.
With an Offshore Company in countries like Belize, BVI (British Virgin Islands), Cyprus or the Seychelles you will have much broader possibilities to archive your goals to compete towards the competition in your business fields.
The mother company of an offshore company can for instant register a company in a European country, if their daughter company is obtaining a loan of a certain amount of money and the EU Company can now set off the interest in the annual report, saves taxes. This method is widely known by business professionals and used by many located in tax heavy countries. It might look unethical to some, but not less it is legal.
Taxation of instant income in a company can also be almost eliminated if the company is located in an offshore jurisdiction and the activities are taking place abroad in an offshore company.
An example of this is:
Our point of departure is five people which work as teachers on a local school, but which in their spare time have visited courses as masseurs and which are now educated to perform this as a work and by that make some extra income. The way they work is by visiting different companies around offering their services which are massage to the employees, once finished they leave and go to the next company. The business activity they place in an offshore company which also the one is invoicing the different companies they visit. In this way they don’t have a static address or office from where the work is performed which makes the entire business model not to be considered as a local business, now this is a foreign business and is not subject to any tax in the local country. Important to note here is that if they take a portion of the net profit from the Offshore company for them self it is subject to personal income tax.
In the above example, the money is going straight into the Offshore Company without any tax paid!
The important part is that the Offshore Company formation takes place correctly and you will need to have a professional offshore company formation agency to help. For the tax issue in the above mentioned example and in any other case it is important to mention that you will need a Nominee Shareholder and Nominee Director which can be locals or foreigners, but the nominee service is the key here.