What are the advantages of having an offshore company?
Nov 25 - 1 min read
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The main reasons behind having an offshore company are many, but the most important is expanding the international business. Also, it can provide a lot of advantages such as:
- It helps to facilitate global business while reducing expenses.
- Exempt and free of several taxes which are levied otherwise.
- Minimized accounting and filing obligations.
- Highly efficient asset protection to avoid future liabilities.
- Setting up and managing it is much easier, particularly regarding lesser reporting requirements.