In large Russian business, to achieve your goals requires constant work on the result. In the media, the government often threatened to tighten the tax burden. Therefore, many businessmen are looking for tricks how to optimize this load. One of the effective ways to reduce the tax burden is to use an offshore company: open an offshore company or create an offshore company.
Offshore, this is far from a new concept in the world of business, it has existed for a long time, in translation from a foreign language it means “outside the rules”. The whole point of creating offshore companies is hidden in the fact that a businessman registers his company in a country that offers him favorable tax conditions, and he himself will not conduct business, activities in this country, he also should not be its resident. Such a direction in business arose even with the establishment of trade relations, traders were looking for ways to minimize costs.
This topic is currently widely quoted in the media. Probably, everyone already knows the meaning of the word “offshore”, knows that Cyprus is an excellent offshore zone for business of entrepreneurs from Russia.
Many leading entrepreneurs turn to special firms that can easily open an offshore company. Although, some in order to save money, they are looking for independent ways to create an offshore. Today, about 60 countries offer such opportunities for companies. Only in cases of a thorough analysis of offshore, it will be possible to decide to open an offshore company.
Analyzing the scheme of the enterprise, make a choice of a harbor for offshore. When studying the jurisdiction of countries, great attention should be paid not to the conditions that the country offers, but to the minimum amount of capital, the number of founders and how business information will be disclosed. An experienced and far-sighted businessman who wants to open an offshore company will always take into account all the nuances of such transactions.
State bodies of the Russian Federation, in particular the Ministry of Finance, have a kind of black list of offshore harbors. And if suddenly the entrepreneur decides to open an offshore company in the country indicated on the list, then it is not difficult to guess what will be the relationship to his business.
When creating an offshore company, the name of the company plays an important role. It should not affect the interests of both the country providing the offshore and other large international firms, they should be reckoned with. When registering an offshore, it is necessary to draw up the constituent documents governing the activities of the company. The approval of the amount of the authorized capital affects the amount of the fee, which is levied at the time of registration and then paid each year.
The biggest advantage of the offshore is the presence of a factor: rarely, which country requires accounting reporting, it is conducted in a spontaneous form, since government agencies do not require a report. However, a legal address is mandatory for an offshore company, it will serve as a mailbox for receiving documents in the country of registration. And doing business at this address is not required.
In the above material, only a few nuances that the entrepreneur will face when creating an offshore company on his own were considered. However, if an entrepreneur turns to a specialized company, then there will be no need to study all jurisdictions of this issue. You only need to make an application to such a company, and specialists for a fee will make a full analysis of offshore zones, they will offer you the best option.