Development of an e-commerce business is usually a very slow and thorough process that occurs in leaps and bounds. Nowadays it is relatively easy to open an on-line business as the network can offer services of all types and sizes, e.g. from selling hand made soap in your blog to opening an on-line casino
Registering e-commerce business abroad can be beneficial for several reasons: favourable taxation, reliability of services, privacy and protection of the rights of the owner, access to more competitive and profitable markets.
Once you have decided on essentials details such as services, products, design of website, the system of payment you business is connected is ready to accept clients. However, before the final launch, make sure that you have considered all feasible steps for the future prosperity of your business.
Have you thought about optimising E-commerce business?
The use of foreign companies is directly related to two points: tax optimisation and protection of property rights.
The choice of an offshore jurisdiction to base your business is crucial. It will determine the laws you will comply with, the rate of taxes you will pay and any exception you might have.
Another point necessary to consider is that you may have to pay taxes where the server with your website is based. It is essentially the only connection of your virtual store to the real world. Therefore you should think where you want to rent the computing power for your site before launching a business. You might end up registering an offshore company in a country where you won’t like the level of taxation and information security.
The choice of registering an offshore company should be also regarded as a system to protect your personal information from the eyes and ears of the general public. Escaping the attention of tax authorities may no longer work, but that the amount of money in your account will only be known by them, but not by the press or competitors, nor envious.
In this context, the work with e-commerce business will not be much different from that of a simple offshore company. It is the same precautions, the same ways of protection and future welfare.BRIS GROUP will be happy to provide you with information, quotation and services.