Moving my Internet Business Offshore
When I started my online company I didn’t research much about tax liabilities and how important it is to plan ahead. I didn’t think much about book keeping either and after a few months of steadily expanding my business I reached a point when I had to face both issues.
I did some googling and at the end decided to deal with taxation and accounting in a way that most of my competitors didn’t even think of: Moving the internet company offshore.
Now that might sound a bit strange and more like an adventure to some of you, but today after everything is done I can tell you that it was one of the best business decisions I’ve ever made.
Stateside Finance helped me incorporating the tax haven company and opening a trading account with a reputable and well-known offshore bank in an offshore jurisdiction. Now, when most people hear offshore jurisdictions they instantly think of tax fugitives and money laundering but little do they know how many advantages an offshore jurisidiction really provides.
Every bank, insurance, international corporation and even governments maintain companies in offshore tax haven. Mainly for tax purposes but also to do business internationally in a convinient and confidental way.
I incorporated my company in the British Virgin Islands for just $1900 and moved the business offshore. Stateside Finance guided me through the whole process and believe me or not I didn’t even had to leave my office office.
Now I don’t have to worry about taxes or accounting or even company liability; moving my Internet Business offshore resolved all these head aches once and for all.