Comments (0)

By admin, May 13, 2012 10:35 am

Offshore virtual office
Virtual office is designed to improve the professionalism and reputation of offshore entity. It is an important component in the activity of an offshore company, whereas it offers the possibility to operate it office activity and correspondence from another place, without having a physical office in that jurisdiction. Virtual office is a good way to cut your costs for a real office.
Moreover, there are many cases when setting up a real office is not possible cause to technical reasons. And here virtual office is a great alternative.

Let’s see what is usually included in the concept of a virtual office. There is a list of items that such virtual office usually include:
Phone number with optional voice mailbox or answering a live secretary;
Mailing address and forwarding mail
Fax number with fax forwarding to e-mail.
Meeting room rentals, company name on door (this available in case of expanded package).

The choice of options depends on the purpose for which these services are taken, additional to the registration of companies and is not cheap. In order to enhance credibility of banks, or partners is better to choose your own phone number and function of answering a call with the name of the company.
When sharing information on the phone book or on company letterhead, you can specify the shared line. Usually people calling through this number get supposedly in the business center where they can pass information to a particular company from the list, or receive a fax. The probability of a call in this case is low, but once it happens there is safe the information is not lost, and the cost of the common line is always lower than its own.

To confirm the physical presence in the country (this is necessary for tax residency or for certain types of licenses), it is better to have a separate room and / or telephone line, for which payment will go directly to the company account. A live secretary in this case would also not be superfluous option.

And finally, have to be mentioned the cases when it is necessary to maintain the legend of the company in the country of registration. Do not forget that the stakeholders (banks, insurance companies, major international partners) can send their security staff to the address of the company, to make sure that there are traces of this company.

In this case hanging a placard on the door or even on the building wall is a necessity.
Again, Google map greatly facilitates the work of those who are not having an extensive network of agents in the field, wants to find out what is on a particular address.

We are not going to talk about options for renting an address in another jurisdiction, which was very popular about ten years ago. Then it was fashionable to issue offshore company for the British, or, say, Canadian, just using the service, e-mail address.
Ironically, such metamorphose jurisdictions can be found even today, although it is not difficult to verify the fact of registration of the company at a particular address.
Simply register with the department or branch is even now possible to successfully replace the rental address. The difference will be noticed by a very few people.

As you see virtual office has a lot of advantages, the most important being to enhance the reputation and professionalism of an offshore company.

Comments (0)

By admin, May 6, 2012 7:18 pm

How to select the right offshore tax consultant

We live in a society which offers to us a wide range of goods and services. The big problem for us, consumers, is how to make the right choice. That why when it comes to choosing the tax consultant firm it become complicated, whereas it you trust not only your business, but your business image and your name too.

The existences of offshore zones help us to avoid tax burden and other unnecessary expenses. And here the role of tax consultant is very important, as doing it by yourself, even if you feel you have enough knowledge, can be a very risky decision and may cost you more money than paying a tax consultant.

Who are tax consultants? They are the specialists who knows very well the international law, and are well skilled in the specific of national law of their country and other jurisdictions. They also have good knowledge about the law gaps and the ability to make use of them. That’s why they are able to develop legal schemes for minimizing the taxes, and absolutely legally maximize your profits from your business.
Additionally, they will help the business owners to develop practical offshore schemes, and make sure they really work.

The next question which comes is how to choose tax consultants and do not get wrong?
Here are some great tips and tricks meant to help you to properly choose among the wide list of tax consultants:

Check the list of services they offer. Get knowledge about the services they offer and verify if the company offer support for implementing the offshore schemes or only issue the offshore schemes.
Very often consulting firms register themselves non-resident or offshore companies and offer all services required for it activity. Also, they usually have their counterparts in many countries around the world, and have a base of professional nominee directors and good connections in the banking sector. If the tax company that you have chosen doesn’t include any of these services than it’s time to look forward for another company.

Check the previous experience of the company. Being on the market for long time automatically promote it tax as an experienced company with a high level of competence.

Service fees. Be aware to the fact that quality product can’t be cheap and working as tax consultant is not a voluntary activity. They aim to make money from this activity and this is fair.
So, if you are offering an offshore company at low prices than usual then be sure this is a scam. In this case, the annual maintenance fees are very expensive, and end up with paying the same amount. This is not definitely that kind the company you have to trust.

Tax consultant company’ past and actual clients. Try to check the name of actual clients and if they offer you this information –  walk away from such company. Be sure your privacy in such company is not assured.

Specialists.  Check the level of experience of the consultant you are going to work with. Solid companies will show you a great previous activity of employee who will develop your project. The more experienced are the employs, the more trustable the company is.

Access to monitoring the activity. Inform yourself about the ways you will be able to check your assets and be up to date to all changes.  If this is not possible, you have not found the right tax consultant for you.
Professional companies had solid relation with their counterparts and nominee directories, and are able to offer you all tools and information required for monitoring your assets.

And the not the last one is results. The aim of offshore scheme is to produce money. If the price of this service is higher than profit it would bring, then you were proposed a bad offshore scheme.

Finding the right tax consultant is a very responsible task. The best will be to find a tax consultant with which you will forget about fees you have to pay for their services, and will keep in mind only the details about the development of your business.