A Brief Guide for Setting-up an Offshore Company

Any online business is the amazing consequence of a digital era that has revolutionised business communications. You can run a business from any corner of the world; however, for security and compliance reasons, you need to experience the process of setting up a company with perfect documentation and banking account.

Offshore banking

Let’s understand with an example. If you’re into exporting goods to the UK while based in Peru, at a certain point, you need to consider opening an offshore company in the UK for smooth functioning of the business and to comply with UK taxation laws.

Here is a brief guide for setting up an offshore company.…

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Pros and Cons of Setting Up a UK Limited Company

Incorporating your new or existing business as a UK private limited company (LTD) is an incredibly effective way to boost your professional profile and establish a presence in the United Kingdom. Not to be confused with the LLC structure, a UK limited company resembles the legal framework of a US corporation (Inc.) that you would register through application to the secretary of state. As such, you will need to appoint at least one director and one shareholder, you will enjoy reduced financial liability for company debts, you can sell shares to outside investors as a way to raise capital, and the company can exist beyond the ownership of its original founders.…

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