Owners of commercial structures intend to develop their own business, so they look for new opportunities in countries offering various benefits and more convenient conditions. Most entrepreneurs give preference to the jurisdictions providing the next-mentioned:
The main advantage of working abroad is a profitable economy. It is much easier to conduct commercial deals in a stable economic situation, because you do not have to bear in mind a possible decrease in profits.
All businesspersons face difficulties on the way of registering their enterprises. Besides establishment and licensing, there are other problems such as launching a company, finding right client-oriented strategies, etc. You may entrust the process to our professionals who know how to collect documents properly and how to communicate with regulators.
Offshore jurisdictions set low interest rates for doing commercials, which can also greatly affect income. Launching commercials abroad, entrepreneurs can earn much more than in their own country, because the target audience coverage is also increasing.
We should also take into account corruption. Due to the corruption, plenty of entrepreneurs cannot develop their business in their native state. In many other countries, this issue is more demanding, which also contributes to decision of firms to operate offshore.
It is most profitable to work through offshores for the following categories of enterprises:
It is worth adding that offshores are often needed to launch a specific business not allowed in country of residence. This list includes casinos, crypto-firms, brokerage companies, etc.
There’re main several types of offshore licenses:
In addition to financial services industry, E-commerce, gambling-sphere, insurance and banking organizations require mandatory licensing.
It is also necessary to obtain an appropriate license in order to be a qualified intermediary or advisor in the financial industry. If such a permission is absent, any of your deals will be considered illegal and criminally punishable.
Countries where a simplified payment institution license is equal to a full-fledged one are all of Europe and Singapore.
To license your firm offshore, you go through several stages. Let’s consider them in detail.
First stage is selection of jurisdiction where commercials will be directly launched. This choice primarily depends on the goals of the investor or private entrepreneur. Now, almost any jurisdiction can offer good conditions and tax rates for businesspersons intending to operate outside their country.
In order to choose the most profitable and appropriate country, it is better to analyze all the offered opportunities considering possible risks and local requirements. It is quite difficult to do this on your own, so we recommend you to seek the help of professionals from our international company dealing with offshore activities. You will receive full support at all stages of opening and registering a company, as well as advice on all emerging issues.
If you have already decided on the space where you’ll develop your business, then it’s time to reflect upon corporative aspects. This procedure consists of the next-mentioned points:
Registering an international enterprise offshore, you need to have a bank account. If your firm doesn’t have an active account, it will not be possible to conduct any kind of commercials, including online ones. In order to correctly select the banking institution, we recommend you to analyze all offers and choose the most favorable conditions. Next, you need to pay all duties. Price of opening a firm and amount of official fees depend on the type of activities.
Some jurisdictions require firms to pay annual state fees. These fees are fixed based on the type of permission. Starting investments needed for registering an enterprise in offshore jurisdiction also depend on additional factors. They include the need to rent an office, the requirement for a banking account opening, development of strategies to meet the needs of the target audience, etc. Therefore, planning to open such a business is a serious matter.
The cost of getting licenses for commercials offshore directly depends on laws and regulations adopted in that country.
Our specialists have been engaged in registration and licensing of organizations offshore for many years. We’re ready to offer full support at all stages of the registration process. Using the services of our professional advisor, you’ll quickly pass registration-procedure and get a license to launch activities that significantly save your time and money. We will take care of the following:
We also provide a number of additional services and free consultations during the whole process.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.