What is a offshore company pleaaaasssssee?

[SoNewToAllShit]

I need to know what a offshore company is?

Is it the same as a local company, can you explain to me what is best?

Live in Italy and don't want pay tax want all my money for me and my wife.

 

[David97255]

Hi,

First of all, it s a company Incorporated in a country wich can make business only outside the country where it is Incorporated .
Depends on the country you incorporate the company, you will be exempt of tax.
It s also used to to protect your asset.
Last benefits is to stay anonymous.

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Scammed people on the forum!

 

[JohnSeed]

SoNewToAllShit said:
I need to know what a offshore company is?

Is it the same as a local company, can you explain to me what is best?

Live in Italy and don't want pay tax want all my money for me and my wife.
Click to expand...

About the local company it means a company which provides goods or services to a local population.

But a local company is usually not the case if you do not want to pay tax😉

 

[negon]

There is not that much of a difference in the company operation other than you have to keep and maintain accounting in the local one and in most offshore corps you don't have to do that!

 

[SoNewToAllShit]

So basically offshore company is same as local but it's easier to run the offshore company every day.

What is best offshore country to get company setup? I do SEO work for people on Internet

 

[aizcold]

Complete confidentiality of operational processes ”“ businesses that want to enjoy complete privacy with regards their operational processes can benefit from this structure.

Exemption from personal and corporate tax ”“ offshore establishments are not required to pay corporate and personal tax.

 

[Grilao]

It's also my doubt

 

[JohnLocke]

There is a better protection when it comes to legal action against your company as well as creditor protection. It's most often very costly to run any legal case against a offshore company!

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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[SoNewToAllShit]

To sum up!

We say, protection by creditors, protection by tax and protection personal information ?