Moving my Hosting Business Offshore
February 21, 2010 by Tucker
When I started my hosting company I didn’t think much about accounting and how important it is to plan ahead. I didn’t know much about tax either and after a few years of steadily expanding my business I reached a point where I had to deal with both.
I did some research and finally decided to deal with taxation and accounting in a way that most of my competitors didn’t even think of: Moving business offshore.
Now that might sound a bit dodgy and more like an adventure to some of you, but today after everything is done I can say that it was one of the best business decisions I’ve ever made.
Stateside Finance helped me forming the offshore company and opening a bank account with a reputable and well-known bank in an offshore tax haven. Now, when people hear offshore tax haven they usually think of tax evasion and money laundering but little do they know how many advantages an offshore jurisidiction really features.
Quite literally every bank, insurance, international company and even governments maintain companies in offshore jurisdictions. Certainly for tax purposes but also to do business internationally in a convinient and confidental manner.
I incorporated my company in the British Virgin Islands for under $1900 and moved the company offshore. Stateside Finance guided me through the whole process and believe it or not I didn’t even had to leave my office desk.
Today I don’t have to break my head about taxes or accounting or even company liability; moving my company offshore solved all these problems once and for all.
USD’s and Razors skates looks great!
he was spared his job.
Exelente!
Thanks for sharing!
And the British Virgin Islands were unbeaten in this tournament!
BVI Property | British Virgin Islands| Tortola, Gorda homes for …
The only recording that I know of was a duo of Classic Jazz Standards that Taylor did with guitarist Vin Phillip, but that was eight years ago. I quite enjoy this CD even today, so much so that I have it at arms length right now. As to whether it is still on the shelves is another issue.
The man is still an evergreen Gwendolyn, I can tell you. I saw him in concert one year ago this month and was thrilled to the core. His was a tribute to the late British Virgin Islands' crooner Jon Lucien. He used a guest vocalist by the way.
"..[balance] must be transferred to your bank account in India within 7 days from the receipt of confirmation from the buyer" #PaypalIndia
The way my bank account is set up…
Alas it hasn’t enhanced my bank account. I’m sure there’s money 2 be made in social media for those fortunates imbued with enthusiasm
bloodclaat dead!!!! U can do it in US Virgin Islands n British Virgin Islands too…nuh fret
Seven-Night, All-Inclusive Catamaran Trip for Two in British Virgin Islands or C…