How to Select the Best Country for Your Offshore Business

I’m often asked, “which is the best country to setup my offshore business?” This is a multifaceted question and I don’t think the answer has ever been precisely the same for any two clients.

Here’s a brief overview of an analysis I use to help my clients select the best country for their offshore business.

Where to Incorporate Your Offshore Business

For maximum asset protection, it should be in a country different from where you’re operating the business.

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How to Set Up a Business Offshore

If you’re an entrepreneur with high net worth, you may be interested in setting up an offshore businesses sooner or later. However, potential scrutiny from the IRS, SEC and other legislative agencies could be serving as the primary deterrent. Giving up on establishing an offshore plan for personal asset protection isn’t entirely necessary; there are three steps that you can take to safely move your enterprise overseas.

Start Your New Business with Help from an International Lawyer

When you are starting a new business, you may wonder whether it is in your best interest to create an offshore corporation. Whether you are thinking about the British Virgin Islands, Belize or Bermuda as a place for starting your offshore corporation, it is always a good idea to consult with lawyers who have extensive knowledge of international laws and taxes.

What Types of Businesses Lend Themselves to Going Offshore?

Some offshore businesses lend themselves to going offshore. In particular, foreign trust entities and real estate companies can work well in this capacity, due to the more passive nature involved in trusts as well as the ability to get capital gains between the time of investment and return. Tax implications can arise if there is a certain nexus between the business and the United States. By managing, operating and making decisions in the offshore location, this nexus may be broken in order to avoid having to file a United States tax return.