One of the best things about being in a global economy with all of the communications and digital possibilities of the modern age is that companies can invest internationally. Trading with the world is now a possibility for companies of all shapes and sizes.
But, is it right for you and your business? There are many things to consider when it comes to deciding to trade offshore. However, the following are some of the benefits of offshore company formation, which should help you decide whether it’s the right approach for your business.
Company Reporting Requirements
In many cases company reporting can be a difficult task when based onshore. The many restrictions and rules can make it more difficult for businesses to comply with regulations. Offshore companies often have much more easily fulfilled reporting requirements, which makes them ideal for businesses who don’t wish to be tied down.
Offshore Company Formation & Tax Savings
One of the other benefits of offshore company formation is the prospect of tax savings. This can help make a company more profitable, and has led to many companies registering offshore. In the UK the Corporation Tax Rate of 20-21% can be damaging to profits, especially if the company is not eligible for relief in the form of deductions or tax credits.
Multiple Jurisdictions & Inclusive Fees
Using Company Formation MadeSimple to register your company offshore gives you some very distinct advantages. One of these is the ability to flexibly incorporate in a selection of jurisdictions – these include Anguilla, Belize and the Seychelles.
Alongside this flexibility is the value of the service, which has inclusive fees entailing incorporation of the company, a registered office and agent in the jurisdiction of your choosing and government fees for the first year.
Offshore Company Formation For International Flexibility
The benefits of offshore registration with Company Formation MadeSimple also includes the fact that the typical time taken to incorporate is about 48-72 hours – with documents normally received between 1 and 2 weeks.
Forming a company offshore can be a very good way of keeping your business globally flexible. However our quick and efficient service can makes the company formation process easy for many kinds of business – from a UK limited company to a sole trader.
See here for more information about our Offshore Formations.