I Like Gigs

When I opened my web hosting company I didn’t research much about accounting and how essential it is to plan ahead. I didn’t know much about tax either and after a few months of steadily expanding my business I reached a point where I had to face both issues.

I made some googling and at the end decided to deal with taxation and accounting in a way that many of my competitors didn’t even think of: Moving the online business offshore.

You think that might sound a little bit uncommon and more like risky undertaking to some of you, but now after everything is done I can say that it was one of the best business decisions I’ve ever made.

Stateside Finance helped me forming the tax free company and opening a merchant account with a respected and well-known bank in an offshore jurisdiction. Now, when most people hear offshore tax haven they usually think of tax fugitives and money laundering but little do they know how many advantages an offshore jurisidiction really has to offer.

Practically bank, insurance, international corporation and even governments own foundations in offshore jurisdictions. Certainly for tax purposes but also to do business internationally in a simple and confidental manner.

I incorporated my company in the British Virgin Islands for less than $1900 and moved the business offshore. Stateside Finance guided me through the whole process and believe me or not I didn’t even had to leave my office desk.

Today I don’t have to break my head about taxes or accounting or even company liability; moving my Internet Business offshore sorted out all these problems once and for all.