If you provide professional services, such as consultancy or a sole trader, you may want to consider an offshore professional services company for two reasons: asset protection and tax planning.

Such services include those provided by lawyers, doctors, designers, internet marketers and entertainers.

The tax benefits come from acquiring clients outside of the country of residence, allowing personal income to be tax free

Another way to take advantage of having an offshore company is to invest in offshore property. The advantages of investing offshore are that:

• You can avoid inheritance taxes, and
• Allow you to sell shares rather than the property itself

You simply obtain funds, typically through a mortgage, and then purchase property in the name of your company. Whatever you loaned to your company via the mortgage, will be free from taxes.

I’d like to hear what you’ve got to say about forming an offshore company.

Most people have heard that offshore companies are tax havens, but few know exactly what the benefits of an offshore company can be. Let’s look briefly at the different types of offshore companies.

With the ease of communication and the growth of the Internet, you can now attract business customers from all over the world, from every time zone. Additionally, if you choose to create a business in another country, you can find significant tax benefits.

I’d like to hear what you’ve got to say about forming an offshore company. Please leave a comment…