Malaysian Consultancy help in setting up an off shore business
Initiating business in a new country? Worried about having to deal with multiple authorities and at multiple levels? Have you thought through how are you going to open a bank account, how will you ever get a license, what kind of a license do you want, is the business you intend to conduct within the regulatory framework of the company laws, are you in compliance with the various codes, statutes and rules that govern the business in the new country?
The list is daunting, isn’t it? You probably through hiring a business consultant would cost you millions of currencies and an online research revealed easy steps to getting your business registered, up and running in the new country, right? You could not be more wrong. Without local support, it is difficult to run a business anywhere, let alone a new country.
On a local level, there are rules and codes to be followed. A minimum share capital or number of employees may be required. You may have to file IT return and other taxes regularly, you may need to appoint a company secretary, etc. Setting up a business takes an ample amount of patience and perseverance. There is a lot of research involved as well the requirement for adequate licenses and permissions from authorities. It can be daunting for some reason or the other, you are unable to set up the business you have always dreamed of.
If you are looking towards having a big business set up in a new country, there are concerns to be addressed. For instance, if you are looking for offshore company in Malaysia, you should research whether there is any scope for expansion in due course, will there be any questions or compromise of your privacy, etc. You need to have a conducive plan to know whether the venture is a profitable one? Many more questions and doubts of a similar nature will be explored by you once you have decided to set up the business. Hire an expert and reputed local consultant to take care of all your business needs and requirement. A business consultant can help you understand the nitty grittiest of the local off shore market. The best options will be known to you, so that you take the most profitable decision. A consultant is not as expensive as people presume. Quality service and a long-term commitment can be availed from a reputed consultancy service in Malaysia.
Connect with counterparts and peers to get your hands on a reputed consultant with years of experience in handling off shore businesses and specially, the sector you intend to operate in. Malaysia and Labuan are known for their friendly tax and business regime. The authorities have promoted the formation of legitimate offshore businesses by inducting tax free zones and areas. The aim of an offshore company is not tax avoidance - it can legitimately be used to further business interests and transgress into other areas.
Other than Malaysia, there is UAE, the British Virgin Islands, India, Netherlands, Singapore, the Cayman Islands and Bermuda that are popular for forming off shore companies. The benefit of setting up an off shore company in this part of the world is that it is a private and confidential affair. There will be only a fee routine regulatory checks and thereafter you will have ultimate freedom as to how you want to operate the business.
Resource Box: If you want to setup a Labuan offshore company, the author of this article suggests My-offshore.com.
The list is daunting, isn’t it? You probably through hiring a business consultant would cost you millions of currencies and an online research revealed easy steps to getting your business registered, up and running in the new country, right? You could not be more wrong. Without local support, it is difficult to run a business anywhere, let alone a new country.
On a local level, there are rules and codes to be followed. A minimum share capital or number of employees may be required. You may have to file IT return and other taxes regularly, you may need to appoint a company secretary, etc. Setting up a business takes an ample amount of patience and perseverance. There is a lot of research involved as well the requirement for adequate licenses and permissions from authorities. It can be daunting for some reason or the other, you are unable to set up the business you have always dreamed of.
If you are looking towards having a big business set up in a new country, there are concerns to be addressed. For instance, if you are looking for offshore company in Malaysia, you should research whether there is any scope for expansion in due course, will there be any questions or compromise of your privacy, etc. You need to have a conducive plan to know whether the venture is a profitable one? Many more questions and doubts of a similar nature will be explored by you once you have decided to set up the business. Hire an expert and reputed local consultant to take care of all your business needs and requirement. A business consultant can help you understand the nitty grittiest of the local off shore market. The best options will be known to you, so that you take the most profitable decision. A consultant is not as expensive as people presume. Quality service and a long-term commitment can be availed from a reputed consultancy service in Malaysia.
Connect with counterparts and peers to get your hands on a reputed consultant with years of experience in handling off shore businesses and specially, the sector you intend to operate in. Malaysia and Labuan are known for their friendly tax and business regime. The authorities have promoted the formation of legitimate offshore businesses by inducting tax free zones and areas. The aim of an offshore company is not tax avoidance - it can legitimately be used to further business interests and transgress into other areas.
Other than Malaysia, there is UAE, the British Virgin Islands, India, Netherlands, Singapore, the Cayman Islands and Bermuda that are popular for forming off shore companies. The benefit of setting up an off shore company in this part of the world is that it is a private and confidential affair. There will be only a fee routine regulatory checks and thereafter you will have ultimate freedom as to how you want to operate the business.
Resource Box: If you want to setup a Labuan offshore company, the author of this article suggests My-offshore.com.
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