What is an Offshore Company?

Описание: An offshore company is simply a non-UK resident legal entity. The offshore company can be based anywhere outside of the UK, for example in Ireland, Hong Kong, Dubai, India, The Cayman Islands or anywhere else in the world for that matter.

Accounting & Tax Academy Free Membership Site →
🌏 http://aidhanfinancial.com/accounting...

⏱️ Time Stamps:
0:42 - What exactly is an offshore company?
2:38 - Why as a UK resident would you use an offshore company?
4:09 - How are offshore companies viewed by the UK tax authorities?


If you want my & my team's expert accounting and tax help, you can book a discovery call through our website → 🌏 https://www.aidhanfinancial.com/

Achieving lower taxes is perhaps the number one reason why you would opt to create and run an offshore company. And there is absolutely nothing wrong with this motive, after all tax avoidance is legal, so long as you fulfill your reporting and compliance duties in the relevant jurisdiction.
However, there are various other holistic reasons why you could create and run an offshore company, which we go through in the video.

There are best practices that you can deploy in order to ensure your offshore company is truly classed as non-resident in the eyes of HMRC UK. And this is a tricky area to navigate, so we strongly suggest you engage with a professional if you are a UK resident, or otherwise thinking about creating and running an offshore company.


We hope this video helps you to understand what is an offshore company a little further and takes you one step closer to knowing your numbers. Let us know in the comments if you have any questions and we'll be sure to factor them into the next part of our budget series.

★☆★ OUR MISSION ★☆★
Me & my team are dedicated to helping and empowering YOU to 'Know Your Numbers' so you can make calculated and informed decisions in your business, company and personal finances towards your definition of success.

★☆★ OUR PHILOSOPHY ★☆★
If you take care of your numbers (finances), your numbers will take care of you, your family and those you value the most.

🔴 DISCLAIMER
Our videos are for general guidance, education and empowerment in helping you understand accounting, tax and your numbers. They in no way constitute specific advice to your specific circumstances. Me & my team would be delighted to help you with your specific queries or accounting requirements through a formal engagement.

#offshorecompany #nomadcapitalist #offshorecompanyregistration