One of the first questions that nonresident business owners ask when seeking to incorporate in a foreign country is, “What country should I choose for the destination of my business incorporation?” This is a sensible question, because every country and every state or city in that country provides a very separate group of business advantages and disadvantages. Nonresidents seeking to establish a business presence in Ireland, for example, can expect their first three years of corporate tax at the very attractive and unbeatable 0% rate. However, what business owners need to know in regards to the labour and staffing ability of Ireland if they are opening a physical presence with a branch office may cause them to steer clear of Ireland altogether.
And if you are a business owner from some country other than Spain or Portugal, if you have needs for a trade route to access the European nations and add an excellent stream of income to your company, there can be no better physical location for an import export business than Spain or Portugal. The centuries old trade routes that have been established there still provide one of the most effective bridges to Europe for Westerners of the last several hundred years, and there are several other attractive non-resident benefits as well.
And wherever you live, if your desire is simply to purchase a ready-made company, or shelf company, that has already passed all business regulations, you will need to know which country offers the most advantageous benefits at the lowest cost. Since you are simply purchasing a business entity with a pre-existing name and registration already okayed by the bureaucratic community in the country, city or state where it is registered, knowledge of your liability as a foreign business owner is paramount.
The best possible way to choose the correct country, city or state out of all the global choices when considering the worldwide company formation is to have experienced incorporation globally in the past. If you have not, or if you’ve only incorporated in a few countries worldwide, you must turn to a respected, seasoned worldwide company formation specialist who has a vast and intimate knowledge of the cultural and business requirements and regulations that must be met to provide you with a successful business presence in that locale.
How can any single firm a possibly have knowledge of the entire globe’s many countries’, cities’ and states’ diverse cultural and corporate regulations? The only way is by cultivating established relationships with respected business professionals, attorneys and accountants over the years who actually live and work in the area in which you end up incorporating. Then and then only can they properly answer your questions on a free consultation call or live online chat session, and lead you to the proper destination to maximize your chances of success in your global company formation efforts.
For further information or assistance with worldwide company formations, click here.
