"Pitfalls" of offshore companies

so, you decide to open an offshore company. You should continue to take an interest in this subject only after, you have a serious answer to a single question: "As much as you need?»

Think, after all registration of offshore companies (offshore) – It is a long and complex process, It requires knowledge of the huge amount of nuances. If you have no experience in this, you better seek help from a specialized consulting firm or, that it would be more appropriate, buy a ready-made offshore.

If you decide to purchase a ready-made company, you need to analyze a sufficiently large number of points, which relate to it. for example, determine:

• whether it will be able to fulfill the objectives set by you (tax optimization, asset protection, trade management);
• Do you need to nominee directors and / or shareholders;
• whether the potential benefits exceed the costs;
• whether there is a presence of accounting and currency control;
• What you need offshore: new with your name, already has a story or ready;
• which bank is right for you, and what its requirements you set;
• Are you familiar enough with the legal framework of the country, in which your company will be open;
• Have you thoroughly explored the power of attorney and contracts, which will include the rights and obligations of your partners;
• whether relevant sample documents, which will be submitted to you.

But even if you calculate all the points above, you will not be immune to some of the errors. Therefore, you need to know about the existence of "pitfalls" of offshoring. they are, eg:

• the need to choose a registrar, which constantly monitors the changes in the legislation of your offshore zone;
• the importance of creating parallel onshore, which will greatly facilitate the optimization of your taxes;
• the need to choose the nominal employees, are trustworthy;
• the need to comply with, which are put forward by banks;
• the importance of compliance with the order documentation;
• need to consider, what the maximum amount you can spend, not to be under the close supervision of financial monitoring and clearing companies.

Therefore, you need to take with absolute seriousness of this issue, and again ask yourself, Are you willing to invest their resources in this process, and, the main thing, whether the expected result worth the effort.

Only if you understand the situation and the credibility of the company, which will create offshore to you, you can get the benefits that you need from the opening of the company.