Effective Locations for Offshore Incorporation

Offshore incorporation can be an incredibly rewarding and lucrative strategy if

handled properly. Letâ s face it, more and more businesses are expanding their operat
ions to allow for trade with offshore, or overseas, markets. Today is truly a gl
obal business world and companies miss potential opportunities by not considerin
g offshore company set up. It is becoming harder for companies to reach high lev
els of financial success by relying solely on domestic markets. Companies can di
versify their interests and increase their profits by expanding their reach via
offshore company formation.
You may not know what to expect when you start up an offshore company, but the p
rocess of offshore incorporation is not nearly as daunting as it may sound. Ther
e are many location options for entrepreneurs to choose to start up their offsho
re business. As Asia continues to attract significant investment from western ju
risdictions, it is a good region to consider for offshore incorporation. Two ma
rkets in the Asia spotlight are Singapore and Hong Kong. A Singapore offshore c
ompany, or Hong Kong offshore company, may be the right choice for entrepreneurs
looking to be close to the strong growth that is happening in the regions econo
mies, especially China and India. China is experiencing unprecedented growth and
presents many opportunities because of its sheer size and volume and trade. Hon
g Kong is widely recognized as an affective gateway to China and one of the worl
d top financial hubs. Singapore, while not as close to China, is ideal as a reg
ional, and international, hub for SME and multinational corporations. The lates
t Global Competitiveness Report from the World Economic Forum supports this, ran
king Singapore as the world's third most competitive economy.
Another option to consider is a Marshall Islands offshore company. This may be o
ne kind of tax-exempt company that is increasingly attractive to many American a
nd European business owners as tax fatigue has permeated people of all income le
vels. Offshore incorporation in the Marshall Islands area may be a little easier
than in other areas of the world. An offshore company in the Marshall Islands c
an offer a legitimate tax-exempt structure for international business. The curre
ncy is the US dollar and the political structure there is stable, added incentiv
es for choosing the Marshall Islands for offshore company incorporation.
Regardless of the jurisdiction, investing offshore presents potentially higher r
eturns on your profits. Different jurisdictions offer different advantages, but
two aspects that need attention when setting up an offshore company are the obje
ctives of the business and the legal obligations from the business owners jurisd
iction of residence. With the increased activity of governments against tax eva
sion practices, entrepreneurs should ensure their offshore business meets legal
requirements of the offshore jurisdiction and their home jurisdiction.
The process of offshore incorporation can be aided by hiring an experienced corp
orate services adviser. As there can be a lot of research to do and many factors
to consider, these consultants can help to develop the most suitable company st
ructure. The firm can also assist with securing required licenses, permits and r
egistration numbers, obtaining work visas and setting up office requirements.