The increase in corporate taxes at the home location can complicate the scenario for you as a business owner. It just upsets all calculation because unless you are able to raise prices, this development means, a hit on the profitability. The government may have social objectives to fulfil, but it puts you in a state of bother. If you feel the hike is for the long-term, there is a need to take necessary measures to save the business.
There is Certainly a way out:
It is just simple that for the benefit of the business, one will have to take the hard decision of moving the business base elsewhere. Yes, you need to set up an offshore company and the reasons for us to suggest on these lines is because of the numerous tax havens located all over the globe. These are destinations, where the authorities levy no tax on offshore entrepreneurs and one can always shift the business base to any of these locations.
There are a few Formalities to Complete:
You will have to consult corporate service providers as you intend to shift business base. It is about locating tax havens, which also offers political stability and that is the reason for us to suggest that you seek professional help. Hence, we would suggest that you speak to this top corporate service provider, and he offers something more than just choosing a location. You can expect help on the process of setting up a limited company.
There is more help on offer:
It could be an offshore tax-free location, but it is still about registering a company at the spot and if you are not aware of the rules, this top corporate service provider is ready to be your guide. This registration process will be quick, and he will also look into offshore banking. This package is about helping you to open bank accounts and you can have the desired credit. In short one can say that he will make sure that the business is off to a perfect start at the new location.
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