Establishing a business offshore is challenging. There are several things you need to keep on mind to make your offshore business plan successful. Selecting the right foreign destination to start your foreign business is an important phase. You cannot take this decision abruptly because your business success more so depended on company formation in the right destination. In this world, there are several places where an offshore business can be started. Not only countries but also islands are ready to offer foreign investment. According to a survey, it has been found that establishing a business in an island is easier than establishing an occupation in a country. Due to economic growth, islands are offering easy company setup rules as compared to countries. They even ready to offer citizenship to the foreign investors who are doing their business successfully in their land. There are several positive factors that making islands as a preferable place for offshore investment.
Mauritius
Mauritius is a wonderful island for offshore investment. The island offers smooth business environment to foreign investors. The company formation rules are simple. It offers to form private, partnership and branch businesses. A certain amount of investment is required for establishing a private company in Mauritius. The company should be registered with the Mauritius foreign body regulating administration. An office setup is required to form. It is must to open a bank account with a Mauritius bank. At least two company directors is required to form who should be from Mauritius. A local company secretary is required and have a local auditor. The government of the country regularly monitors the work performance of the company. If smooth and progressive business is noticed, it is possible for the owner to get citizenship of Mauritius. The island offers to invest in trading to foreign investors to a great extent.
Ireland
It is an incredible destination for foreign investment. It offers secure investment opportunity. The European island plays an important role in Europe’s economy. Foreign investors can invest in multiple sectors of Ireland. Like Mauritius, Ireland provides easy business setup rules to foreign investors. A private limited offshore company formation in Ireland requires to setup a local company director, a local office and a local bank account. The business audit takes place every year. The land offers smooth and fast business progress to offshore investment. After the UK, it is one of the most preferable places in Europe of foreign investors.
