Nature of offshore companies
What are some considerations to take note of before opening an offshore company?
Before you incorporate offshore companies, consider the following:
- Difficult to open a bank account
- Bad Tax planning Instrument
- Bad International Reputation
And then consider better tax planning jurisdictions:
- Malaysia Company Incorporation offers Full Tax Exemption for Foreign Source Income with more than 72 Tax Treaties.
- Singapore Company Incorporation offers good international reputation and reliable banking system for international business.
When incorporating offshore, it is best to ensure your service provider is well equipped for the online communication. Paul Hype Page uses our proprietary software, iBizFile to facilitate a 3 step process for clients, fully equipped with digital signatures.