2014-04-30 12:19:44 - Singapore city, Singapore - Healy Consultants firmly believes international entrepreneurs can benefit from offshore business located in a reputable jurisdiction.
Conducting global trade can be so much easier and more cost-efficient, if the tax burden can be legally lowered. Offshore companies offer the best solution for this problem, especially if they are established with the help of a trusted and result-oriented consultant. If properly structured, offshore companies can be fully tax-exempt when trading outside their jurisdiction. For example, Singapore offshore entities are 100% tax-exempt if they conduct trade outside the country. Consequently, these are one of the most tax-efficient trading vehicles to do business in Asia.( www.healyconsultants.com/offshore-company-registration/)
ABOUT THE TAX EXEMPTION FROM OFFSHORE BUSINESS
Offshore companies benefit from lower or full exemptions on local taxes. Significant tax exemptions include: i) withholding taxes; ii) capital gains tax; iii) VAT and iv) all corporate
income taxes. Furthermore, there are no requirements for filling annual accounting and tax returns, nor do they need to publish a register of shareholders and directors. This lack of annual compliance costs is greatly appreciated by low profit starting entities.
ABOUT LOWERING FOREX RISK EXPOSURE FOR NEW BUSINESSES
Offshore corporate banking options allow entrepreneurs to receive and keep foreign currencies, completely negating foreign exchange rate risk and minimizing transaction costs. For example, multi-currency offshore corporate bank account from HSBC Hong Kong ( www.healyconsultants.com/international-banking/corporate-account ..
), offers the ability to pay in Renmimbi (RMB), being a preferred option when doing business with China.
ABOUT OTHER MITIGATED RISKS FROM OFFSHORE BUSINESS
Offshore businesses enjoy other great benefits, including: i) optimized confidentiality; ii) securely negated financial risk and quarantine; iii) lowered legal and reputation risks, if registered in a reputable jurisdiction. For example, Hong Kong offshore setups and Singapore offshore setups are heavily regulated and protected by strong local regulations, based on the UK common law.
Lastly, Healy Consultants believes, that offshore companies can greatly improve the international trading performance by securing a preferred location, better and more reputable jurisdiction, and most of all have an improved, tax-efficient structure.