Are you about to create an import export company? Wondering what would be the benefits of launching an offshore company? In our guide, we want to provide you with clear and accurate information on corporate tax optimization and more specifically on the choice of offshore company. That is why we invite you to discover the main advantages of creating an offshore company.
Different advantages from one jurisdiction to another
You should know that from one tax haven to another, the benefits are not necessarily the same. In any case, offshore assembly will allow you to benefit from a more advantageous tax system, but it is important to learn about the advantages specific to each country.
For example, if you choose to create an import export offshore company in Dubai, you will benefit from the following advantages:
- No corporate taxes
- No wealth taxes
- No income taxes
- No capital gains taxes
- No withholding tax on dividends distributed
If you choose to launch your offshore company in Florida, you will not enjoy the same advantages, because the jurisdiction is very different. Thus, in Florida, your company will still be taxed at a rate of 5.5% if your net profits exceed $50,000. However, you will not pay income taxes there. In a case like this, to save money, it is generally advisable to deduct income from the net profits of the offshore company.
Let’s still go back to the main benefits you will derive from your offshore company, regardless of the jurisdiction chosen.
Offshore mounting to obtain tax advantages
Will the tax optimization of your company involve the creation of an offshore company? Regardless of the tax haven in which company registration uk will go, you will make significant tax savings. These savings will allow you to develop your company in optimal conditions.
Finally, it should also be noted that offshore companies are exempt from value added tax (VAT) in the vast majority of cases.
Respect for confidentiality
If you choose to create an import export offshore company, you can expect a certain level of confidentiality. For example, it should be noted that the name of the principal does not appear on documents when a transaction is executed on behalf of an offshore company. This allows you to protect your privacy.
However, since 2017, it should be noted that the rules on anonymity have changed. Thus, with the implementation of the automatic exchange of information (AEOI), the French tax authorities have the opportunity to read all the offshore accounts of French residents. To date, more than 100 countries have signed this agreement.
If you want to do tax optimization for your business legally, this should not be a problem for you. In any case, we advise you to take a close look at the privacy rules in force in the tax haven where you want to launch your offshore company.
A fast and inexpensive procedure
Offshore assembly is a solution that attracts many executives by its simplicity, speed and low cost. In order to continue to attract prospects, today’s companies must innovate. But developing your company in good financial conditions is sometimes complicated because of the high cost of professional taxes. This is why the choice of offshore society is essential for many business leaders. Indeed, the cost of creating and monitoring the offshore company is limited. And the tax advantages offered by tax havens also allow companies to prosper in optimal conditions.
Creating your offshore company is also simple and fast: territories considered tax havens facilitate administrative procedures in order to attract more and more entrepreneurs.