When you think about the possibilities for your business, do you immediately dream of a huge booming international corporation? For many small business owners the most likely answer is, “well, no…not yet”. For these smaller business owners this can only be a dream. Sometimes your business may have the possibility to grow beyond your wildest dreams.
It’s time to stop thinking about your business as being merely provincial and servicing the local population, and start thinking bigger. One great way to do this is by registering your company as an offshore company (or IBC, international business company).
Offshore incorporation carries with it many benefits that may just be the key to growing your business. Even if you do not want to necessarily begin to ‘think globally’ the benefits could mean the difference between tiny versus huge profit margins. The offshore corporation can enjoy being free from heavy taxation. This is location dependent, but often the difference is significant. The offshore company often is free of continual and incredibly demanding registration and follow up paperwork.
For some businesses that wish to grow globally, choosing the right jurisdiction (location) is really the key. The global business should be located in a global center. This will facilitate the growth and allow the customers and suppliers easy access to what they need. You may want to think about centers like the UK, Hong Kong, or New York.
If you find yourself continually bogged down by excruciating paperwork, this may be the best solution. Other benefits have to do with full reporting of the company officers and structure. It may beneficial to obscure these details, for a variety of legitimate business reasons, from the public eye. Incorporation offshore company can provide all of these benefits, and more.
While careful consideration should be taken, the best solution is sometimes to create an offshore holding company. This creates the freedom for you to begin to grow your company and to fully enjoy the freedoms from bureaucratic red tape and overhead. This process both changes your tax structure completely, and allows your profits to skyrocket.
If you are looking to grow your local company, or are frustrated by the limitations applied to your local company as it stands now, talk to the experts at Financial Guardian today without delay. Doesn’t your business deserve to be the best that it can be, today?