If you ask someone what an offshore company is, you will often receive an answer that it is a company established in a tax haven so far so good, but also that it is a form of the company used only by gangsters, traffickers and terrorists, which of course, it is immoral and illegal to mount something like that. Even the most knowledgeable, will tell you that it is an expensive, complicated form of company and, ultimately, it is not worth it. You can make the offshore company setup in dubai there.
As you can suppose, none of these maxims is true, despite how widespread they may be. It is not surprising, after all, neither the States nor the media are going to do much to demystify this. The reality is that neither the States, nor the people who use them to benefit and live at the expense of others, have any rights over your money or your assets and, in fact, no matter how hard they try, they cannot even prevent you from Get out of the system, the offshore company is one of the possible paths.
In today’s article, you can read what an offshore company is and for whom it may be worthwhile to create such a company. We are going to talk about the reality of tax havens and why taking advantage of them is not illegal, immoral or even complicated.
Clarification: Tax and offshore paradise are used as synonyms; onshore is the opposite of offshore.
Why you shouldn’t fear to register companies in tax havens
Setting up an offshore company, in any tax haven, does not constitute tax evasion or an act of money laundering. Setting up an offshore company is:
- Completely legal
- A practice carried out by most of the big companies you know
- Much cheaper than you think
- Simpler and faster than you can imagine
- A piece of cake if you have the necessary contacts and knowledge
Moving your business to a tax haven is nothing more than a decision, a smart decision in search of a better use of the opportunities offered by the global market similar to moving your residence. It is simply the implementation of the maxim goes where they treat you best which we talked about in the Theory of the flags. States do not have the right or the ability to control what you do. In fact, there is a strong competition between them for earning you as a citizen so you pay taxes there, of course. And if you are not convinced by the services or the treatment that you’re State offers you, you leave.
Of course, states try to create cartels to take away your ability to move, this is what leads them to create associations such as the Organization for Economic Co-operation and Development OECD that promote blacklists of tax havens to leave out the countries that offer too good conditions for their clients or citizens. But this does not matter to states that depend on their income as tax havens and have also understood their function much better: Serve its citizens, instead of milking them until they have nothing left to give. They want to escape the strong fiscal pressure that endangers their existence.