Bowman Offshore Bank Transfers on Offshore Company: Why and How To Move Your Business Overseas

To set up an offshore company or relocate your existing business overseas is a crucial step toward internationalizing yourself and your assets. Search for “offshore company” and you’ll find thousands of websites promising a quick company formation in Panama or the British Virgin Islands, with a range of other “benefits” for the jurisdiction in question. There is a current misconception that offshore business is about evading taxes and hiding money from the government, which is certainly not the case. There are 100% legitimate ways to structure your business interests overseas and realize significant benefits from an asset protection standpoint — as well as tax-standpoint. Want an example? In the last few years companies such as Google, Apple and a multitude of other companies have cut their taxes by billions of dollars in completely legitimate ways.