Why should I enter into an Offshore Company Formation?

May 11, 2009 - PRLog -- I have been looking into the Offshore Company Formation in Belize, Cyprus and Seychelles, but I can really not figure out why I should go for an offshore company formation in one of those countries or maybe should I incorporate in all of these offshore jurisdictions?

My business case is the following; I have been selling Electronic devices like IPods, Computers, Iphones and such things and have been very successful now for many years. During the years I have been busy and just paid the Company Tax and Income Tax I must as everyone else have.

For just a few weeks ago I came to read an article on the local papers where they described how it was possible to setup an offshore company structure and by doing so, save taxes and also protect all the assets which have been build up and earned during the years.

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Now I wonder what would happened if I don’t go with an Offshore Company Formation and due to the financial crisis raging will lose my business, would I really have something left over once the creditors have been there even if it is a LTD or LLC in my local country?

Or would I have lost everything in one shot?
I don’t mind to pay TAX as long as it is reasonable, to pay tax both for my company and personal tax is starting to annoying me, since it is itself at the moment very difficult to compete with the competition, so now I’m investigation all aspects of the Offshore Company Formation to be prepared, just in case.

Above is what we found on a forum and I personally find it very interesting to read since this must be some consideration every business man or Investor should do.

Now I will quickly try to explain just 1 option here, the possibilities are many and we don’t claim here that the below will be the only option but will rather advice to contact some professionals which have the experience and the knowledge to make any advice on this area, typically this is a registered Auditor or Lawyer which can help.

Now to the solution for the proper Offshore company Formation and company structure.
If above hypothetical case is what we look at, then the first step would be to incorporate a offshore company in one of the following offshore jurisdictions, Belize, BVI or Seychelles, those countries offer the best possibility for anonymous company formation, now when registered properly (I will not go into details here how it is done), we will on behalf of the above company register a company in Cyprus which we only will use to conduct business with. The Cyprus Company will be registered with Nominee Shareholders and Directors as foreigners and we will not reveal our self as beneficial owner since it will be the other offshore company which will own the company.  Now we would suggest to become a Cyprus Bank Account for this company (which is easy to become) and if needed a Merchant Account (which also is easy since it is part of the EU).

Now you will have the perfect solution for your issue and no one will be able to control how much TAX you will have to pay, no creditor will be able to access your assets and as an Investor you will be fully legit to invest in any Stocks, Company and even conduct Forex Trading as a legit company.

Source : http://www.web-chamber.com

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CCLogic.com is operating as a consultancy firm in the fields of Offshore company Formation, Cyprus Bank Accounts and Offshore Merchant Accounts, contact us for your business needs.