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Offshore Consultants – The Benefits Of Offshore Company Formation
In today’s current economic climate it has never been more important to save money and get the most out of what you own. We are taxed heavily in our society, but you can save money in taxes by putting your money offshore with offshore consultants.
You may have heard about the many celebrities that have been saving their money through offshore banking schemes and have thought that offshore banking is just for the rich and famous, but if you earn anything over £10,000 a year you stand to gain from putting your money offshore.
So what is Offshore Banking? Offshore banking is a completely legal way of reducing the amount of tax you have to pay and is achieved simply by paying your earnings into an offshore account. This is done by forming a company offshore where you can pay as little as 1% tax. Below is an example of how you can save money by incorporating your company offshore and forming and offshore company.
Without Forming an Offshore Company
• You purchase an item from India and you pay £10 for it
• You sell the product for £60 and receive £50 profit
o Without ...
... aforming an offshore company you must declare the £50 profit and will lose your profit through paying high taxes.
When You Form an Offshore Company
• The Offshore company buys an item for £10
• The Offshore Company sell the product on to the UK company front for £40, making £30 tax free profit!
• You then sell the product in the UK for £60, now that you have run the item through your offshore company it appears as if you have only made £20 profit so you are only taxed on that £20.
There are many other benefits to offshore company formation and they can often rely on the offshore jurisdiction in which you choose to place your money. Offshore consultants can open an offshore bank account in any jurisdiction but they do have a few preferred offshore jurisdictions (Otherwise known as “Tax Havens”) which they have experience in. Offshore consultants preferred jurisdictions include Panama, Gibraltar, Nevis and Delaware and some of the benefits of saving with these jurisdictions are banking secrecy, no currency restrictions, political stability and of course low taxes!
When you open an offshore account it can give you the security and privacy. This can be achieved by Anonymous Beneficial Ownership which allows you to trade anonymously. If you require further security for your earnings you should consider opening an offshore foundation with offshore consultants. By creating an offshore foundation you can protect yourself from litigation meaning that if you’re sued they can’t take you for all you’ve got. Offshore Foundations can also provide pre-nuptial protection and allow you to hide assets from your spouse. The biggest benefit of opening an offshore foundation is that they allow you to avoid paying inheritance tax so you can pass all of your hard earned money on to your friends and family and not to the government.
Besides saving you money in tax the interest rates offshore are much higher, if you were to invest £5000 in a traditional bank, over 20 years you would make £21,000 but if you were to invest the same £5000 into an offshore account with offshore consultants you would make in excess of £33,000!
So if you are looking to save money and make better investments by forming and offshore company contact Offshore Consultants today for free offshore incorporation and offshore banking advice.
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