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I am interested in the topic of offshores for business. I would like to understand how it works: what advantages do they provide and are there any pitfalls? Can anyone share their experience or explain how to choose the right jurisdiction?
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Offshore companies are often used for tax planning, asset protection and simplification of international operations. The main advantages include low taxes, confidentiality and access to international markets. However, there are also disadvantages https://www.offshorecorptalk.com/forums … ompany.13/ difficulties with reporting, the need to comply with local laws and the risk of reputational damage. The choice of a suitable jurisdiction depends on the company's goals and the region of operation.
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