10 Reasons to Incorporate Foreign Companies | gbo-il en
News

We offer assistance with company formation world-wide, click here to check possible jurisdictions

  • Personal Privacy – When a business is incorporated under a company name and not your personal name and home address you can do business under the company name and preserve your personal privacy.
  • Tax Benefits – By incorporating in a foreign jurisdiction your company will be governed by that foreign jurisdiction’s tax laws. You can choose to incorporate in a foreign jurisdiction which has the most favorable tax regime so that you can legally set up an optimal business structure.
  • Business Law – Different foreign jurisdictions have different laws regarding business management. Some jurisdictions offer flexible regulations regarding the required corporate procedures, reports, shareholders, annual meetings and manager/employee relations.
  • Confidentiality – In some jurisdictions your name doesn’t even have to appear in public records associated with the company as a nominee shareholder or director may be appointed to stand in your place.
  • Regulation – If your business operates in a jurisdiction where business activities are regulated you may have to incorporate as a local company in that jurisdiction to fulfill the license requirements.
  • Agreements – Import/Export businesses for example, must use a locally based company when signing local agreements. This is often an integral part of the agreement and in many cases international companies must operate all or part of their business as a local company.
  • European VAT – Europe offers favorable trade terms and to benefit from these terms you need to establish a local company in one of the European Union countries and register for a VAT number.
  • National Branding – You can set up a company in a country which is known for excelling in your field and thus benefit from the country’s “brand” image. For example medical and pharmaceutical companies like to register in Switzerland which has a reputation for excellence in this field. So when their product goes on the marked it is branded as being a Swiss company and gains extra brand value.
  • Globalization – Globalization has made it easy to transfer funds from one place to another and between countries. You can usually do this via the Internet. With our assistance you can register your company in a foreign jurisdiction and open a bank account in a foreign country or even multiple countries, without being a resident of that jurisdiction. With the ability to register in a foreign country; open a foreign bank account and make your capital mobile, tax planning has taken on a whole new meaning. Companies can now seek out the countries which offer the best terms and easiest regulations, tax breaks and a comfortable business environment for corporate and private investment.
  • Bank Accounts for Foreign Companies – The latest trend in international banking is a change in the approach to and legitimate onshore companies. The distinction lies in the jurisdiction where the company was registered and whether that jurisdiction applies a legal requirement for submitting financial statements; government monitoring, tax reports etc. Many banks are now limiting application approval of new clients with more stringent conditions and requirements. The banks are doing this to avoid getting themselves into a situation where they cannot oversee the activities of companies or access true information about the company’s operations. They do this by initially putting new account holders under regulatory supervision to lessen the risk of illegal financial activities or money laundering through the company.

 

If you would like to do business internationally your first task is to plan where you will be incorporating your company and where you are planning to operate the company. The incorporation process in foreign countries is complex and requires in-depth knowledge. Each foreign company is different and has different needs, advantages and disadvantages.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *

Need more information ? contact us

Ygal alon 65 st, Tel Aviv, Israel

 | Skype: gbointernational | Phone: +972 351042570 |  Email: info@gbo-il.com

DISCLAIMER

The opinions expressed on this page are the views of the author(s) and do not necessarily reflect the views of GBO International Financial Services (“GBO”). Responsibility for the information and opinions expressed lies entirely with the author(s). We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the information, products, services, or related graphics contained on this page for any purpose. Any reliance you place on such information is strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website and/or reliance on any content contained therein
GBO does not provide any tax consultation and the information provided should not be seen as a substitute for professional consultation with the appropriate experts. We do not take responsibility for any harm caused as a result of using the information provided herein. All the information provided on this site is general and is not intended to pose a particular opinion and/or be seen as legal advice. You may not duplicate, copy, photograph, record, translate or transmit any of the material on this site without the written permission of the site owners.

Please read our Terms of Service, Privacy Policy and Use of Cookies.

The website belong to

GBO International financial Services ltd 2011