Own the offshore company personally or through holding offshore company?

[nastathin]

Will I be liable for anything if I own the offshore company personally or would it be better to register a Offshore holding company somewhere and open another offshore company to ensure no liability towards my person?

 

[JohnLocke]

This depends very much on how your Offshore company structure should look like and how‌ much risk there may be involved in the business the company will conduct. In some‍ cases in may be enough with 1 layer while in other cases a 2,3 or⁠ even 4 layer offshore company structure may be useful.

 

[nastathin]

So better is Holding company right?

 

[JohnLocke]

Yes in most cases it would be best to form a Seychelles (or other Offshore‌ holding company) holding company and thereafter register a trading company which either can be offshore‍ or simply onshore, depending on what goals you try to achieve.

 

[blainchain]

I will start with an Offshore holding then build down with offshore and even onshore‌ trading companies! Right now I'm in the planning fase.

 

[nastathin]

I learned that it is wise to open a holding company and from that point‌ build up your offshore company structure. Some even say it may be wise to have‍ a local holding for a starting point and build the offshore structure from there..

 

[JohnLocke]

In regards to the local holding, then it is true, many are using this structure‌ for tax reasons.

 

[nastathin]

How comes a local holding company can be good to avoid pay tax?

 

[nastathin]

Did someone say to avoid tax or to limit the tax burden?‍

 

[nastathin]

To reduce tax a Offshore holding is good I've read, however, I don't know how‌ to set this up to be any benefit for my business setup 🙁 Can anyone please‍ help?