Posts Tagged ‘offshore company’

Protect Your Company’s Finances By Going Offshore | Do You Meet The Checklist?

illustration of business man  on dollar wayBy definition, an offshore corporation is outside the legal jurisdiction of the country where its primary operations are located. Therefore, if you’re looking for a method to protect your finances from a volatile market, going global and incorporating your company in an offshore jurisdiction could be a viable solution. Take note that in order to be considered an offshore, your business needs to satisfy several criteria, such as:

  • It must not conduct trade with the country it incorporates.
  • It must incorporate itself outside the jurisdiction in which it conducts operations.
  • It must pay the tax expenses/fees required by the country it incorporated.

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