Back when I opened my hosting company I didn’t research much about book-keeping and how essential it is to plan ahead. I didn’t inform myself much about book keeping either and after a few quaters of steadily growing my business I reached a point when I had to deal with both issues.
I made some googling and finally decided to deal with taxation and accounting in a way that most of my employees didn’t even think of: Moving the internet company offshore.
Now that might sound a bit strange and more like risky undertaking to some of you, but today after everything is done I can tell you that it was definately the best business decisions I’ve ever made.
Stateside Finance helped me forming the tax free company and opening a trading account with a reputable and well-known bank in an offshore jurisdiction. Again, when most people hear offshore tax haven they right away think of tax fugitives and money laundering but little do they know how many advantages an offshore jurisidiction really has to offer.
Quite literally bank, insurance, international corporation and even governments maintain foundations in offshore jurisdictions. Certainly for tax purposes but also to conduct business internationally in a convinient and confidental way.
I incorporated my company in the British Virgin Islands for just $1900 and moved the company offshore. Stateside Finance guided me through the whole incorporation and believe me or not I didn’t even had to leave my office home.
Finally I don’t have to worry about taxes or accounting or even company liability; moving my Internet Business offshore solved so many issues once and for all.
