Moving my Internet Business Offshore
Back when I started my web hosting company I didn’t think much about accounting and how important it is to plan ahead. I didn’t know much about tax either and after a few quaters of steadily expanding my business I reached a point when I had to tackle both issues.
I did some googling and at the end made the decision to deal with taxation and accounting in a way that most of my business partners didn’t even consider: Moving my online business offshore.
You think that might sound a bit strange and more like an adventure to some of you, but today after everything is done I can say that it was definately the best business plans I’ve ever made.
Stateside Finance helped me forming the tax free company and opening a bank account with a respected and well-known bank in an offshore tax haven. Now, when most hear offshore tax haven they usually think of tax evasion and money laundering but have few information about how many advantages an offshore tax haven really has to offer.
Every bank, insurance, international company and even governments maintain foundations in offshore tax haven. Mainly for tax reasons but also to do business internationally in a convinient and confidental manner.
I incorporated my company in the British Virgin Islands for just $1900 and moved the company offshore. Stateside Finance guided me through the whole process and believe me or not I didn’t even had to leave my office desk.
Today I don’t have to break my head about taxes or accounting or even company liability; moving my Internet Business offshore resolved all these head aches once and for all.