How Do I Move My Company Offshore

Establishing a branch or a subsidiary of your main company, in the form of an offshore company isn’t difficult.  By following the right steps and making careful choices, you will find that forming an offshore company could be very beneficial.

Choose a Jurisdiction

Most offshore jurisdictions offer tax incentives that will help your business grow and expand worldwide. It’s important, though, to choose a country that has a proven record of stability. Panama, for instance, is one of the most stable countries in Latin America. The country’s important location for global trade also helps keep it economically and politically stable.

Choose a Business Structure

Different types of offshore structures offer different types of advantages. You might find that forming an International Business Company (IBC) (also known as Sociedad Anónima), works best for you. You should also consider whether a Limited Liabilities Company (LLC) or Private Interest Foundation (PIF) meets your needs.

Find the Facilities and Services that You Need

In most cases, and depending on the how you will carry out your business, you might not actually need an office or facility for your offshore company.  Some businesses, however, need offices, manufacturing facilities, and access to shipping services. It usually makes sense to set up these facilities in a Free Trade Zone. The Colon Free Zone, for instance, makes it easy and inexpensive for worldwide companies to access the services, spaces, and supplies that they need to operate successfully.

Choose Professionals for Help

Filling out forms and choosing locations is often difficult for business owners living in another country. It’s important, therefore, for you to choose a reliable group of professionals that can help you make informed choices. Delvalle and Delvalle Attorneys at Law, for instance, work with clients all over the world. They have plenty of experience to make the moving process easy for your business.