The benefits of offshore company formation are there for all to see – from access to a larger market to asset protection. If you look at some of the most respected brands, from Volkswagen to Samsung, they have all excelled for taking advantage of the offshore markets. So, if you are getting started and have decided to grow your enterprise too, here are the leading offshore jurisdictions to consider.
Hong Kong is one of the top offshore jurisdictions that has become a magnet for foreign investors. Although it is part of China, the jurisdiction enjoys a great deal of autonomy, which it uses to advance its pro-business economy. For more than 20 years, Hong Kong has been classified as one of the most liberal economies globally.
Another fantastic thing about Hong Kong is its low and straightforward tax regime. If most of your operations are done away from the island, you might qualify for zero tax. You will also love Hong Kong’s strategic location, which not only give investors access to mainland China, but the entire Far East. Other benefits of opening your offshore company in Hong Kong include:
- A supportive administration.
- An educated workforce.
- World-class infrastructure.
Mention the name China and investors will tell you it is one of the leading investment destinations. For about 50 decades, China has been working on reforms to make it one of the best investment destinations, and the efforts are now bearing results – it is one of the leading global manufacturing hubs. Foreigners are also attracted by the large market. With a population of more than 1.3-billion, you are sure of getting a ready market for your company’s products.
Another attribute that makes China a great offshore investment jurisdiction is political and economic stability. Unlike some of the countries in Asia, China has been experiencing impressive stability over a long time, which is one of the important attributes for business planning and growth. This is one of the reasons why some of the biggest manufacturing businesses have huge operating bases in China.
Like Hong Kong, China has also invested heavily in infrastructure. Its road network, airports, inland container depots (ICD), and internet penetration are excellent. The highly-developed infrastructure helps to pull down the cost of doing business and optimize profits.
Like Hong Kong, Singapore is an Asian country with a lot of potential. For about ten years, Singapore has been rated by World Bank as one of the best jurisdictions for doing business. The country boasts of a well-developed economy, primarily contributed by the service sector. The nation also features numerous business opportunities in agriculture, import & export, hospitality, and financial industries. Well, no matter your area of interest, Singapore is likely to be an excellent pick for your offshore company formation.
Use an Agency to Register Your Company
Now that you know some of the best jurisdictions to consider, the next step is offshore company registration, and you should consider using an agency. Agencies are run by experts in company registration, and you can count on them to prepare the documents professionally and complete the process fast. The experts can also help you with developing strategies for growth.
When you decide to form a company offshore, it is crucial to ensure only the best jurisdictions are considered. The jurisdictions we have listed in this post are only a few; the list can be longer. Remember to carefully study the market and work with an agency of experts to increase the chances of success.