Best Uses of an Offshore Corporation

Bywww.RobertGirga.com

Individuals and companies often decide to set up an operation outside of their

nation of origin.

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Why do they do so and what are the best uses of an offshore

corporation? First and foremost many world economies are growing while the European

Union, Japan, Canada, and the United States are stagnant by

comparison.

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Brazil is becoming the economic powerhouse of Latin America with stiff completion

from Mexico.

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Russia has become the world’s largest oil and gas

producer.

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. Profiting in Panama has become popular as the small

nation at the tail end of Central America grew its economy as fast as China’s during the first years of the century and never

saw a recession.

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With all this growth around the world why limit a company’s business to regions of slow

economic growth?

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Let’s take a look at the best uses of an offshore

corporation,

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how taking a business offshore saves on overhead,

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reduces taxes,

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and can put your business closer to new and expanding

markets.

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Tell Me about Tax Havens

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Setting your business in a tax advantaged jurisdiction may be sufficient justification for

going offshore and one of the best uses of an offshore

corporation.

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Many nations do not deduct bank interest throughout the

year.

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Many nations do not tax income that originates outside

of the country.

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Many offshore locations are decidedly business friendly in

their efforts to bring investment into the country.

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This attitude often results in significant tax breaks that last

for years.

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Effective Nations in which to Do Business

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It is possible to set up a company headquarters in one

offshore location, buy products from others, and sell

to third locations.

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In the age of the internet much of business can be handled at

the click of a button while profits can be banked in a

nation that does not tax profits gained outside of the country.

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Salaries can be a major cost of doing business as can

benefits.

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Finding a nation where salaries are low and benefits

such as health care are covered by the government

can result in significant savings in doing business.

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Countries such as Panama are transportation hubs which

add a completely different factor to business productivity.

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Setting Up Shop Close to Your Suppliers and Your

Customers

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There is nothing like personal contact even in the internet

world.

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When an important production facility is having problems management needs to be

close enough to handle the problem.

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Having office operations offshore and close to

suppliers, manufacturing facilities, and customer base can be very cost effective.

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Close to the Growth

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Brazil is growing and Mexico is catching up.

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Russia is moving to exploit its natural resource base in on

the Pacific.

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Little countries like Panama are outgrowing debt ridden

Europe.

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One of the best uses of an offshore corporation is to be

where the economic action is, to meet the people, deal with the

problems, and gain customers in the new economic powers of the

world.

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Avoid Being a Target

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Whether it is a debt ridden government that wants to tax

away your wealth

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or a litigious lawyer who want to have you pay for someone

else’s problems

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one of the best uses of an offshore corporation is

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to put you business where taxes a low or nonexistent and lawyers need to jump through many hoops to knock at your

door.

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Think of Flexibility

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Doing Business where there is less red tape leads to profits.

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Doing business in a nation that wants you to be there is a

great thing.

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Doing business where what you think about is how to grow

you business

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instead of deal with government regulations makes you flexible and

profitable.

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For more insight and useful information about the best uses of an offshore corporation, visit

http://robertgirga.com/RobertGirga/best-uses-of-an-offshore-corporation/

www.RobertGirga.com.