Moving my Internet Business Offshore

When I started my web hosting company I didn’t think much about accounting and how essential it is to plan ahead. I didn’t inform myself much about accounting either and after a few months of steadily expanding my company I reached a point when I had to face both problems.

I did some research and at the end decided to deal with taxation and accounting in a way that most of my employees didn’t even think of: Moving the internet company offshore.

You think that might sound a bit strange and more like an adventure to some of you, but today after everything is done I can tell you that it was one of the best business plans I’ve ever made.

Stateside Finance helped me forming the tax haven company and opening a merchant account with a respected and well-known offshore bank in an offshore tax haven. Now, when people hear offshore tax haven they right away think of tax evasion and money laundering but have few information about how many advantages an offshore tax haven really features.

Quite literally bank, insurance, international institution and even governments run trusts in offshore tax haven. Mainly for tax reasons 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 incorporation and believe it or not I didn’t even had to leave my office desk.

Now I don’t have to worry about taxes or accounting or even company liability; moving my Internet Business offshore solved so many head aches once and for all.