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Each of our clients has a different situation and is concerned with different priorities. St Matthew eAccounting understands this and offers tailor-made solutions with different jurisdictions and different countries. In order to be able to provide you with the best service for your needs, we provide different types of offshore services:
- Offshore Company Formation and management
- Offshore Funds set-up and management
- Offshore Trusts set-up and management
- Offshore Banking
Situations where offshore solutions could work
There are many reasons our clients decide that an offshore service will be suitable to them. Some examples are:
- You have worldwide income on which you either do not pay tax on or only pay tax after agreed upon
- Your local economy or political situation is unstable and you are worried about your assets being affected or even frozen
- You want to protect your identity and those you trade with
- You want to protect your assets from the access of local authorities, for instance if you are getting divorced
The best way to identify your business' needs is to contact us for an initial consultation. Our experienced advisors will then be able to put together a service package designed especially for your situation. We assess every situation carefully and advise our clients on the regulations and compliances of both their local and offshore location.
Interested? Get started now with a consultation!
Making sure you comply with regulations
When looking at offshore solutions it is important to bear in mind that regulations are complicated and constantly changing. In many countries the tax man will keep a close eye on the situation of offshore solutions. This is where St Matthew eAccounting comes in. We make sure your comply with regulations in all countries involved, may it be your country of residence, the country your company is based in or the country your choose for your offshore solution. As part of our Offshore Service St Matthew eAccounting offers advice on:
- The analysis of your situation and its needs
- The most appropriate country for your situation and why
- Thorough explanation of differences in regulations of all countries involved and how this affects your situation
- How to make sure you comply with regulations
You need to bear in mind that offhore services are not always the best solution for a given situation. Although St Matthew eAccounting will explore all options, we can not promise that offshore solutions are available to you. It may sometimes be the case that regulations simply do not allow for offshore solutions. If this is the case, we will of course let you know.
If we believe our services are not suitable for you, we will not take you on as a client. The best way to find out more is to contact us for an initial consultation during which we can discuss any questions.
Interested? Get started now with a consultation!
Advantages of offshore banking
- Protection against local political or financial instability: Offshore banks provide access to politically and economically stable jurisdictions. Developed countries with regulated banking systems also offer stability.
- Less restrictive legal regulation: Offshore jurisdictions have reduced regulations in order to attract investment, which is in keeping with the economic and political stability offered.
- Greater privacy: Reduced access by local authorities, low levels of offshore regulation, and offshore banking services such as anonymous bank accounts allow for a greater privacy.
- Lower cost base and higher interest rates: Some offshore banks operate with a lower cost base and provide higher interest rates. This is most likeky to be lower than the local legal rate due to improved conditions of lower intervention etc.
- Special services: Some offshore banks offer banking services that may not be available from domestic banks such as anonymous bank accounts, higher or lower rate loans based on risk and investment opportunities not available elsewhere.
- Low or no taxation: Tax and banking competition creates lower rates in order to attract investors. Offshore bank interest is often paid without deducting tax. This is particularly interesting to individuals who do not pay tax on worldwide income, or who do not pay tax until the tax return is agreed.
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