Best Tax-Free Jurisdictions for Offshore Business- Part 2

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In the previous article, you have seen the first five jurisdictions, which helps the business investors to proceed with offshore company formation.

In this guide, you will be aware of the next set of offshore jurisdictions, which will help you to choose the best offshore platform suiting your business.

1. Delaware

Incorporating an offshore company is a tough challenge. However, Delaware is one of the most exceptional tax-haven jurisdictions to start an offshore business.

Located in the United States of America, Delaware provides the flexibility to the business owners to get exempted from tax royalty payments, which turns out to be a plus point for the business investors.

The business owners and investors have the privilege to enjoy the benefits of Nominee Director Services, Offshore Bank Account, etc.

However, it is advised to proceed with the help of experts as it speeds up the process along with better clarity.

2. Singapore

Another option to streamline and incorporate an offshore business is to invest in Singapore.

Officially recognized as the Republic of Singapore, the nation has continuously progressed as a favourable offshore investment hub. As a result, the investors have a wide range of facilities to be availed from, from multi-currency accounts to internet banking facilities.

With a simplified business environment and structure, Singapore stands as a favourable tax jurisdiction. However, depending on the type of business activity, you might have to obtain a business license.

Here’s a guide on Why Singapore is a Tax Haven that will help you to understand the mechanism at ease before you invest.

The registration process involves a series of steps that have been mentioned in the guide How to Register an Offshore Company in Singapore.

3. Florida

The next best option is to proceed with Florida Offshore Company Incorporation.

Business investors and owners prefer to proceed ahead with incorporating an offshore business in Florida as it provides multiple benefits like tax exemption, minimal paperwork, low company incorporation fees, etc.

Here’s a guide on Florida vs Panama, another tax-friendly offshore destination, that will help you understand the comparison.

4. Ras-Al-Khaimah

Understanding the offshore demand in the global market, the Government of the United Arab Emirates has taken necessary measures to transform the Emirate of Ras-Al-Khaimah into a favourable tax-haven jurisdiction.

The Emirate of RAK provides the same flexibility as other locations to start an offshore business along with the offshore bank account.

Incorporating an offshore company in Ras-Al-Khaimah turns out as a smooth move with the help of business experts and turns out to be a profitable one.

5. Ajman

Since the demand for offshore business has been continuously rising in the United Arab Emirates, the Government has moved to include Ajman as an offshore destination.

Starting from general trading to international investments, Ajman provides a favourable business climate for business investors to create an offshore business.

Here’s a guide stating the full details of offshore company incorporation in Ajman that you need to know before investing.

Thus, you have seen another set of offshore business destinations which you can proceed with to start your offshore business.

Starting a business turns out to be a significant decision, provided all the legal proceedings are met in an error-free way.

Business Setup Worldwide, one of the top ten business consultants in Dubai, has understood the efforts that go while incorporating a company.

Be it an onshore or offshore jurisdiction (the difference between onshore and offshore); our business experts can help you set up your company in an error-free way.

If you are planning to start your offshore business, feel free to speak with our business advisors.

Contact us today-we’d be glad to assist.

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