There are many companies at present who choose to register in a country other than the one they operate in. The reason why is because of lower taxes, ease of administration, confidentiality and lower start up costs. However if you have decided to start a company such as this one you would already know the benefits and the disadvantages therefore there is no need to repeat them. However you might not know about how to choose the right location and this is what this article attempts to tell you.
There are many different locations in the world that you can successfully register a company at however they are all very different and would provide you with different benefits and of course have their own limitations. Therefore choosing the right location would be difficult but it doesn’t have to be. With the right pointers to guide you, choosing a location can be easy.
Get a location that has less or no taxes
One significant advantage of registering a company abroad is reduced taxes so when you are planning on registering a company, choose a location that allows you save the most on taxes. If you are planning on registering the company in a country with high taxes for non-resident companies then one of the biggest benefits of having an offshore company is left to rot in the dust. When you have low taxes, you can earn a bigger profit or attract a wider customer base by reducing the price. Therefore do not lose this benefit. Choose a location that has less to no taxes. At present there is a rise if free zones. In these areas you do not have to pay taxes to register companies, if you are asked to pay then the amount will be very low. The sole purpose of free zones is to ensure that there will be an increase in economic activity so make the most out of these locations. Many companies have benefited from this, for example companies in the Shannon free zone, London docklands and RAK free zone companies.
Choose a location that the set-up process is easy in
The setup process for companies in different countries can vary while some take a relatively short amount of time, others can be long and tedious. So when choosing a location make sure to choose one in which the process is easy. This is important because the company is not going to be in the same country therefore if the process takes too long in the country where you are going to register the company at then the process will get delayed. If you do not know what has to be done, you can approach Dubai business setup consultants who will guide you.
Take the above pointers into account when choosing a location to register your company. Choosing allocation should not be difficult and hopefully it will not be difficult.