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What is offshore


When we are talking about “offshore” we are meaning an offshore jurisdiction that enables a company to operate legally with little or no imposing taxes, no accounting requirements and very high privacy protection.

You can trade “offshore” by registering your business in an “offshore” jurisdiction. By having an “offshore” company you can trade from a jurisdiction that improves very little tax upon companies registered there. Most “offshore” juristdictions or Tax Havens charge a low annual fee that is not based on sales or earnings, rather it is a flat rate govermental tax, usually only a few hundred dollars.

For many years, offshore was the preserve of the rich, wealthy including politicians that clearly knew where to put their money and how to prosper from it. This situation was grossly unfair as the wealthiest people were the ones that could afford the right advice and high incorporation costs, thus paying little or no tax. Whilst the average citizen continued to pay higher and higher taxes, whilst on a relatively low income.

Fortunately this has all changed.Now, anybody can set up an offshore business in a favorable offshore jurisdiction or Tax Haven and benefit from an offshore business trading environment, therby reducing or eliminating their Tax burden. The costs of setting up an offshore company and maintaing it are now very low, and within the reach of most.

The word "offshore" is not actually a legal term. Any country or jurisdiction could claim to be a good place for offshore business, but they would have to prove this by having certain measures in place, such as no exchange of private details of company directors, no corporate sales tax, low annual and incorporation fees etc.    
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