Offshore Company Formation Tips
Incorporating offshore has several benefits including privacy, anonymity, and tax reduction. The key is to know how to leverage the offshore world to your benefit.
Panama is perhaps the strongest offshore banking jurisdiction today. Offshore companies choose Panama because of its strong offshore banking secrecy laws. These laws have some teeth, as they include jail time for those who would try to circumvent them. Also Panama offers bearer share stock certificates.
The best way to reduce taxes is to split your company into pieces, taking the core functions offshore, leaving order fulfillment and marketing functions onshore. The onshore company will make a modest profit and even service other companies (which is necessary for this strategy to be legitimate.)
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