February 12, 2013
If you’re going to register your company offshore, you need to be sure to do it right. You need to partner up with an offshore registration service that knows what they’re doing. Moreover, you need to partner with a service that will optimize your offshore configuration for your specific business needs.
Here are some characteristics to look for in an offshore business registration service:
- Experience. There are literally hundreds of offshore registration service companies out there, all begging for your business. Many of them are brand new, or may have been in business for a short time. The experts at Coldwell have decades of experience registering businesses offshore. They’ve seen just about every challenge facing a new offshore business, and will use that experience to guide you every step of the way.
- Knowledge. An offshore registration service needs to be familiar with the options. They need to know what jurisdictions are out there, and which jurisdictions fit which kinds of businesses. Not all offshore business jurisdictions are created equal; one might save you on taxes but have significant reporting requirements. Another might provide you benefits in both taxes and reporting, but still have some regulatory concerns to be overcome. Coldwell knows what kinds of businesses work in which jurisdictions, and puts that knowledge to work for you.
- Trust. Some offshore registration services have a terrible reputation. Just look at some of the online reviews out there and you’ll see what we’re talking about. Not only does an offshore registration company need to have experience registering companies, it needs to please its customers. Coldwell has a long-established degree of trust in this field, with thousands of satisfied clients over the decades. Remember: if a registration service goofed up for someone else, there’s a good chance they’ll goof up your registration, as well.
Talk to Coldwell today about your offshore business registration options. The experienced team at Coldwell can help you navigate the often-troubled waters of registering your business offshore, and guide you safely into harbor. Don’t trust this important task to anyone else.
February 12, 2013
Going offshore saves your business time and money. It eliminates or reduces your tax burden, frees you up from draconian federal and state regulations and it lets you run your business the way you see fit. Even a small business can benefit greatly from an offshore business registration.
Let’s take a look at how offshore registration can work for your business:
- First, choose a jurisdiction. You need to choose the right jurisdiction for your business. Depending on your industry, there may be any number of jurisdictions that will work for you. You’re aiming for the jurisdiction that will pose the least amount of taxes as well as the fewest regulations possible. Coldwell helps you decide where best to do offshore registration for your small business.
- File the proper paperwork. You can go about this a couple of ways. You can do it yourself, which can mean anything from scouring the Internet to figure out the process of business registration in your jurisdiction of choice to actually traveling there to handle the paperwork. Alternatively, you can choose an experienced partner like Coldwell to handle all of the legwork in a quick and easy fashion. This takes much of the guesswork and frustration out of the equation altogether.
- Decide how to register. There are a number of offshore registration structures for small business that you can choose from. While a standard company registration is most often the best choice for small businesses, there are other important options. For example, you may want anonymity and privacy protection. In that case, you’ll register your offshore business using nominee service through attorneys, which protects your identity.
- Profit and grow. Offshore registration should eliminate or reduce your tax burden. It should also reduce the regulatory and reporting requirements that you face domestically. You can instead invest these funds into your business, helping it to grow faster than it would if your company were registered domestically.
Offshore registration for a small business just makes sense, most of the time. Work with Coldwell today to get your business registered offshore, and you’ll be up and running within one day.
January 15, 2013
You know that going offshore can help your business, but you may not know exactly what jurisdiction will work best for your business. When you’re choosing a jurisdiction for your offshore business, there are some specific characteristics you should be looking for.
Here are five things to look for when choosing where to set up your offshore business:
- A friendly tax policy. One of the most important advantages to taking a company offshore is usually the reduced tax burden. You want to choose a jurisdiction that offers a tax structure with little or no tax burden on your business. You keep more of your profits, allowing you to invest more strongly in your business.
- A stable government. You want to make sure that the country in which you’re establishing your offshore business is going to be around in a year or five years. You need to be confident that the government will be in place, and that there won’t be a change to leadership that dramatically affects business policies.
- Respect for privacy. Some jurisdictions require you to disclose more information about your offshore business than others For example, in some jurisdictions you may have an easier time of keeping your own name off the legal records.
- Foreign policy friendliness. You want an offshore jurisdiction that is, for the most part, at ease with the world. Their foreign policy should welcome offshore businesses and encourage investment.
- Simple business rules. Creating, merging or acquiring a company in your offshore jurisdiction should be a relatively simple process. Ideally, these types of transactions will be a matter of filling out a single form and perhaps paying a small fee to file the records.
The experts at Coldwell have been helping clients set up offshore businesses for decades. They’re familiar with the options available, and will help you pick the right location for your offshore business. Not only that, they’ll help you get your offshore business registered right from your home or office, and often in as little as just one day. Talk to Coldwell today to find the jurisdiction that works best for your business.
January 7, 2013
One of the most common services that offshore businesses can use to maximum effect is the virtual office. A virtual office can help to grow and strengthen your business. It can boost your reputation and at the same time grant highest level of privacy, increase your efficiency, and add a number of important conveniences to the way in which you do business.
When you add a virtual office to your offshore business, you’ll reap a number of significant benefits:
- Increased reputation and prestige. Having a virtual office in New York or London can boost the prestige of your business. It adds a certain level of trust, reliability, and security to your business. It increases your business’ credibility. Even if your business is registered in the Seychelles, a New York office can create a much more significant reputation.
- Tax protection. Using your virtual office for an offshore company, you create yet another layer of tax protection for your business. Running your offshore from a domestic address can create certain questions. While it’s perfectly legal to do so, the tax collectors like to try to find loopholes, and get their hands on as much of your hard-earned money as they can. A virtual office reduces the likelihood of that happening.
- Greater confidentiality. A virtual office moves the focus away from you and your home. It frees you up to do what you’re good at – running and growing your business. It helps escape the near-constant watchful eye of everyone from the Tax Man to vendors, customers, and more.
- Improved flexibility. Let’s suppose your business requires you to travel. Maybe it’s not your business, maybe it’s simply your lifestyle. A virtual office can be ideal for you. When you have a virtual office with Coldwell, your mail will be held for you. It can be forwarded to your home, your businesses, or even a hotel where you’re traveling. This gives you greater freedom and flexibility. It also helps to maintain confidentiality by preventing mail from arriving at your home when you’re away.
Coldwell’s virtual office solutions are right for just about any kind of business. If you’d like to reap these benefits, talk to a Coldwell expert today about the right kind of virtual office arrangement for your business.
December 12, 2012
The small business is what makes the economy of any nation strong. The stronger small business is doing, the better off everyone seems to be. When you think about small businesses, you think local businesses. These are the neighborhood grocers, or the shop around the corner. The idea of these kinds of businesses doesn’t exactly associate itself with the idea of “international business.”
Yet, just because your business is a local one doesn’t mean it shouldn’t have an international aspect to it. By registering your business offshore, you open up a whole new world of possibilities for your business.
A whole new world
If you’ve read Coldwell’s blog or looked at the website, you know there are a number of benefits to businesses who choose to move offshore. For example, you might want to escape a heavy tax burden. You might have concerns about privacy, and about being personally liable and identified when it comes to your business. You might be facing difficult auditing and accounting requirements. Regardless of your reason, turning your local business into an international business gives you the ability to run your business in the way you see fit.
Your offshore business will run more efficiently and with fewer barriers, if you set everything up the right way.
Taking a new direction
Turning your local business into an international one is a fairly simple proposition. There are a number of ways to handle it; one of the best is with an offshore holding company. This type of structure allows you to have a reduced tax obligation, removes draconian accounting and auditing requirements, and can allow you other freedoms based on your business type.
The offshore holding company purchases your local business (and, perhaps eventually) other local businesses. The local businesses operate just as they always have. The local business will pay its annual taxes, but the profits from the local business go to your offshore holding company.
This is where you begin to reap the advantages. The holding company reinvests in your local business by making loans. Repaying those loans lessens the profit for your local business. Thus, your tax obligations are reduce. Your offshore holding company – which is free of taxation in many jurisdictions – continues to profit.
Talk to Coldwell today and we’ll help you turn your local business into an international one.
December 6, 2012
For many businesspeople, the prospect of setting up an offshore company can seem daunting. You probably assume it’s a complex procedure, involving mysterious financial transactions and maybe even a trip overseas.
The good news is that you couldn’t be more wrong. It’s actually very easy to set up an offshore company.
Here are the general steps you need to take to get your offshore company up and running:
- Choose a jurisdiction. The country where you choose to register your offshore company is critical. It will determine, to a large degree, what kinds of compliance and reporting issues you’re going to face. It will determine how much (if any) you’re going to pay in taxes. You can certainly research jurisdictions on your own, or you can choose a trusted partner such as Coldwell to help match your business with the right jurisdiction.
- Decide whether you need nominee service. Nominee service through lawyers allows you full anonymity when it comes to your offshore company. It helps maintain your privacy, and protect you personally from any issues that may arise from your business.
- Register your business. Registering an offshore business requires filling certain paperwork in the jurisdiction in which you’re creating the offshore business. Coldwell can handle all of that paperwork for you. In many cases, your offshore company can be registered in as little as 24 hours.
- Choose other important services. You might want to have additional offshore-related services for your business. For example, it can be helpful to have an offshore banking account. A virtual office in a prestigious city like London or New York can add an air of credibility to your offshore business, as well. There are a number of ancillary types of services that can complement your offshore business.
- Get up and running. Once you’ve done all of the above, it’s time to get to work! Build your business, knowing that you’re free of the kinds of reporting requirements and heavy taxes that may be part of your home jurisdiction.
To find out how easy it is to start your offshore business, talk to the experts at Coldwell today.
November 15, 2012
Very few things are as frustrating to the business owner as taxes. While you feel obligated to pay your fair share, the fact of the matter is that the tax systems in many countries simply aren’t fair. This can be especially true when it comes to corporate taxation. It’s as if governmental leaders don’t want businesses to succeed, and impose sometimes draconian tax measures. Fortunately, there is a way you can escape the pain of corporate taxation: by taking your business offshore.
There are a number of different locations around the world in which you can start and operate a business without facing corporate taxation. When you set up your business in one of these jurisdictions, the country in which you’re registered doesn’t tax you for having a business.
Even if you’re not actually operating your business in that country, you have every legal right to form and register your business offshore.
Other significant savings
It isn’t just the pain of corporate taxation you’re going to escape, however. There are a number of other costly items that going offshore with your business can help you to avoid. Some of these include:
- Accounting. When you have a domestic business and have to file domestic corporate taxes, you need to meet certain accounting requirements. This can be frustrating for the business owner, and chances are pretty good you’re going to have to hire a CPA or other qualified accounting professional to help you meet those requirements. That can cost you a significant amount of money. Offshore businesses, in contrast, don’t have to follow those severe accounting requirements.
- Reporting. Depending on the type of business you have, you may be required to file a number of different types of industry-related reports and meet various requirements. When your business is registered offshore, however, you have to meet the reporting requirements of the country in which it’s registered, which are often nonexistent (for some types of businesses) or very minimal (for other types of businesses).
- Personal liability. By having an offshore company, you eliminate personal liability. If the company fails, your personal assets are protected. You won’t have to worry about company debt harming your personal well-being.
Talk to Coldwell today about how you can escape the pain of corporate taxation.
November 13, 2012
You might not know it, but about a third of all new businesses fail within the first year of opening. That number grows to 50% within the first three years. The odds of having a successful small business are stacked against you, which means you need to tread very carefully and make the right decisions for your business early on. Starting your business offshore can improve your chances significantly.
Here are some of the most common reasons new businesses fail:
- Choosing the wrong structure. It’s important that you make the right choice when it comes to business structure, and whether you want the liability that comes with a sole proprietorship or the anonymity that can come from starting your business offshore with nominee services.
- Trying to do it all yourself. A small business owner has to wear many hats. Yet, If you try to do everything yourself, some things are going to get missed and others aren’t going to get done properly. You need to trust certain tasks (such as bookkeeping, for example) to qualified partners. The same holds true with choosing the right partner when going offshore, which is just one of the reasons you should consider working with Coldwell.
- Poor marketing. Getting the word out about your business isn’t always easy. You need to not only understand your target market, but also understand the best ways of connecting with them. A simple phone book ad isn’t likely to generate much business in this electronic world, for example; you need to put the power of Internet marketing and social media to work for you.
- Not thinking about taxes soon enough. Many small businesses start out without considering what their tax burden will be. When tax time comes – and it does come – they wind up owing much more than they anticipated. A single year of unpaid taxes can result in penalties and fees that can literally shut down your business. Going offshore with your business helps you avoid this situation by eliminating your tax burden.
- Insufficient cash flow or startup capital. A business needs to spend money to make money. You need to keep a keen eye on your cash flow, and you need to have enough money to get your business running the way it should. Taking your new business offshore saves you significant capital in terms of operating expenses and taxes, and is one of the best ways to meet this problem head-on.
Talk to Coldwell today about how we can help you build your offshore business, and avoid these common small business pitfalls.
November 13, 2012
When you’re starting a business, you’re concerned about many things. You need to worry about getting the word out about your business; you need to think about location; you need to be concerned with raising capital. One of the concerns that most often gets overlooked – yet can be one of the most important small business concerns – is what business structure you should have and whether to take your company offshore.
Let’s look at some of the options you’re going to have when starting your business:
- Form a domestic corporation. Depending on where you live, there are a number of different options for forming a corporation. Corporations can be good in that they separate your assets from the business’ assets; however, both the corporation and you are going to be taxed. That’s a problem, for obvious reasons. In some countries, you may be able to avoid the double taxation by forming a limited liability corporation, or similar entity.
- Form a sole proprietorship. Solo business owners generally have the option to treat their business income and assets as their own personal income and assets. Unfortunately, this leaves you with a significant amount of liability. If the business fails, your personal financial well-being faces some challenges.
- Take your business offshore. For many small businesses – especially those just starting out – going offshore can be the best option. By taking your business offshore and registering in a jurisdiction with no corporate taxes, you can relieve your tax burden entirely. You may also be able to escape any draconian domestic reporting or accounting requirements, which can often cost a small business significant resources in terms of hiring an accountant. This is an option that every new small business should give some serious consideration to.
Make sure you fully understand the implications of what kind of business structure you choose. Your business structure can make the difference between paying as much as twice in taxes, or paying little to nothing in taxes (as with an offshore business).
For many small businesses, choosing whether or not to go offshore is the most important decision you can make.
November 13, 2012
One of the best ways for a new small business to grow and expand their marketplace is to look to the international business realm. The fact of the matter is that there may be vast untapped international markets just waiting for your business to come in and offer the product or solution that best fits their needs. Forming an offshore corporation is one way to start the process of expanding your business internationally, but it’s just the first step.
There are a great number of things you can do to tap those international markets. Here are some of the kinds of things you might consider doing in order to grow your business overseas and across borders:
- Establish an international office. Virtual office services such as those offered by Coldwell can help you to get a foothold in certain countries. By having a virtual office with phone number and mailing address in a prestigious city like London or New York, you add an air of credibility to your business, and help to instill confidence in your international customers.
- Set up an international bank account. You need to be able to conduct business across international lines, and one of the best ways to do that is with offshore accounts. Offshore accounts allow you the flexibility to receive and access funds without having to worry about domestic accounting and tax issues, and can help with your business’ anonymity and privacy.
- Learn how to spread the word worldwide. The fact of the matter is that the internet gives your business the power to reach customers in any number of jurisdictions around the world. You’re not just limited to speaking to those in your home country. By learning to use the power of internet marketing – via Search Engine Optimization, social media marketing, and more – you can exponentially grow your customer base and extend your reach.
Talk to Coldwell today about all of your international business options. Not only will we get you set up with your international business registration, we’ll help get an offshore bank account, virtual office services, and everything else you might want to help your business expand its international reach.