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Do You Want To Automatically Increase The Profit Of Your Business By As Much As 30%?
This is not a joke, you can easily increase the profit of your business by as much as 30% just by changing one simple thing.
Offshore companies provide a great way of increasing the profit of your business by minimising your overheads. Offshore companies can help you minimise tax, or remove it completely from your annual costs!!!
This alone could save you thousands, or even millions, of dollars EVERY YEAR!
Thousands of businesses are making this move every year with great success. They are exploding in growth while other businesses struggle to even turn a profit.
Stop wasting time!!!
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Because of the strong anonymity an offshore company can provide, if it is setup correctly, it is often misused for money laundering and other activities, which violate the tax regulations in most countries.
Almost everyone knows than an offshore company can be used to protect your assets and can also be used as a vehicle to avoid or minimize tax. In many cases an offshore company (eg. A company incorporated in Cyprus but operating in another jurisdiction) is legally formed to give the owner several benefits that are unobtainable through a local company. One such benefit is the right to obtain a loan in the name of your company. Many European countries forbid LLCs and LTDs to borrow money, as it is in violation with the tax authorities. However, it is of great benefit for a start up entrepreneur if he can get the protection of a regular LTD and still be able to finance the company’s activities, including his own salary.
How is it possible to get more money out of an IBC / Offshore Company, for instance in Cyprus?
It is actually easier than you might think. Normally you need to have approximately EURO 17.000 to form a LTD in a European country. There are exceptions to this rule but 80% of the time this will be the case. Once you have establish the company with 100% of the shares equaling a value of EUR 17.000 then you are unable to draw any of the money out from the company for yourself.
A Limited Liable Company needs to have the ability to be liquid and must assure its trading partners that you have at least have the EUR 17.000 in assets or cash in the company. If the owner of that company by law were able to just take out the money exactly before the company, for any reason, declares bankruptcy then it would favor himself.
With a Cyprus Offshore Company or any other offshore company you are allowed as a resident of a European country to take out loans against the company. Let’s say your company starts to generate a profit, you can then take money out of the company in two ways. One is as regular salary, which will cost you to up to 50% of your salary, as you will be forced to pay the tax authorities. This is undesirable and presents many business owners with a problem, they need to take money out of their business but they don’t want to pay the high tax rates associated with a salary. So what can you do in this situation?
The second way to take money out is as a loan against the company. This loan can be made over a period of 10, 20, 30 or even 50 years. Once the money reaches your account you need to report it to your local tax authorities as a loan. Because it is a loan, and not a profit or income it cannot be taxed.
I hope you fond this article informative. More tips and tricks for how to make the most from your offshore company setups are coming in the near future. For Cyprus Offshore Company formation and Cyprus offshore bank accounts please contact cclogic.com
