When most people think of an offshore company they think of shady dealings and suitcases of cash being deposited in the Cayman Islands. This is because Hollywood and the media in general have portrayed “going offshore” in this way to sell news articles and papers. After all a newspaper headline reading “Individual legally opens business in overseas jurisdiction” doesn’t exactly grab your attention but the truth is, that’s all opening an offshore company really involves.

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⏱️ Time Stamps:
0:53 - A refresher on what exactly is an offshore company?
1:27 - Is it legal to go offshore?
2:37 - 3 key reasons for an offshore company
6:36 - Some different types of offshore entities.

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Contrary to popular belief operating via and offshore company is perfectly legal. You will just need to stay up to date with reporting requirements and disclosure requirements in each jurisdiction. Above all you must ensure you understand your legal requirements with regards to an offshore company.

In the video, we discuss 3 common reasons why you may want to incorporate a company offshore.

And finally some different types of offshore company entities.

We hope this video has helped you gain 3 good and valid reasons to operate an offshore company and taken you one step closer to knowing your numbers.


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Me & my team are dedicated to helping and empowering YOU to 'Know Your Numbers' so you can make calculated and informed decisions in your business, company and personal finances towards your definition of success.

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If you take care of your numbers (finances), your numbers will take care of you, your family and those you value the most.

🔴 DISCLAIMER
Our videos are for general guidance, education and empowerment in helping you understand accounting, tax and your numbers. They in no way constitute specific advice to your specific circumstances. Me & my team would be delighted to help you with your specific queries or accounting requirements through a formal engagement.

#offshore company #offshore tax haven

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