Top 5 Benefits For You Setting Up Offshore Incorporation in Bangkok, Thailand

In this digital era, establishing a business in a country doesn’t mean that you’ve to incorporate it in that country. You can now run your business out of the country of registration. For instance, if you have registered your company in the USA, you can operate it in Thailand.

There are many benefits of offshore incorporations. Want to know more? If yes, then read on:

1. Tax Benefits

This is one of the prime reason for companies opting for offshore corporations. If you want to enjoy tax benefits by using an offshore company, then check the tax related legislations of the target country. Many times offshore organizations are exempted from paying taxes or enjoy low tax rates. However, matters related to corporate taxation can be complex. In that case, always take help from qualified professionals (like us).

2. Protection of your Assets

Offshore companies can be a great way to hold your assets such as real estate or intellectual property. If your company is being sued in some other country, in that case, the laws of that country won’t be applicable to your company. There are many countries that have favorable asset protection laws.

3. Low maintenance cost

Since the reporting requirements are limited, the offshore companies have a low maintenance. In fact, the operating fees are also low. The costs related to auditing, preparation of accounts, compliance etc. are usually considerable in offshore countries.

4. Requires minimal Capital

You can register an offshore company with a cost much lower than the registration costs for on-shore companies. There are certain jurisdictions where no capital is required for registration.

5. Offers you Strict Anonymity

In most of the offshore jurisdictions, the registrars do not disclose any information regarding the shareholders, directors, and beneficiaries of the offshore incorporation. So, you can carry out all transactions in the name of the offshore company while maintaining anonymity. However, this is only applicable to legitimate operations.

Are you interested in starting an offshore incorporation Thailand? If yes, then we are here to help you. Start offshore company in Bangkok with Konrad Legal. Our experts will guide you through each and every legal aspect of the process and ensure that you enjoy a hassle free experience.