What can you do with your offshore company?

Setting up a company in an offshore jurisdiction is a simple step and is no different than starting your company back home. However, when it comes to international business, the company should comply with the laws of both the offshore country and the resident country. This can sometimes cause confusion if there is no professional support and advise to navigate through the murky world of tax compliance.

Every country has its own company law and an independent tax system. Countries with the lowest corporate tax rates are popular destinations for entrepreneurs undertaking offshore company formation. By incorporating companies in a low tax or tax-exempt jurisdiction, entrepreneurs take advantage of the flexible tax regime to generate more revenue growth and cut down on costs. Offshoring is emerging as the only alternative to companies where tax planning or tax outgo is a significant aspect to address. Therefore, setting up an appropriate corporate structure in a suitable jurisdiction helps in making a world of difference.

Read more: http://www.ocfam.com/blog/formation/offshore-formation/what-can-you-do-with-your-offshore-company/