Wealth protection, Financial / personal privacy, tax benefits and additional trading opportunities at offshore destinations, have prompted a number of online gaming businesses to establish offshore trusts. With easy access to offshore business specialists, even small organizations and start-ups are rushing in to join the party.
Tax benefits, Wealth protection, additional trading opportunities and financial privacy/protection have made setting up of offshore e-commerce operations a very attractive proposition. This trend is even more prominent in online gambling businesses.
With the availability of expert guidance from offshore business specialists, even the start-up businesses are setting-up their offshore e-commerce operations. “We are getting a lot of requests for advice and guidance on setting up of offshore e-commerce operations in various other countries. Especially gambling businesses, are looking for incorporation services, merchant credit card processing services and the like. And they are, of course, benefiting from this. Offshore structures are surely the mantra for success in today’s fast paced and fiercely competitive world” said Ron Z. Mendelson, director of offshoreXplorer.com.
Clearly, establishing offshore units by way of complex offshore structures is no longer exclusively the prerogative of large companies. Even small organizations can now reach out and setup their offshore operations in other countries with the help of qualified experts like Mendelson.
The fact that the concept of establishing offshore operations for business gains is not a new one, begs the question why has it found more recognition in the past few years?
When posed with this question Ron Z Mendelson said “Like any new concept, the concept of setting up offshore operations needed some time to mature and bloom fully. Having been in this business for 8 years and having assisted hundreds of entrepreneurs, doctors, and private investors in establishing themselves with offshore structures either for international business, asset protection or investing purposes, we know that it’s not just the ‘normal life cycle’ thing. This phenomenal growth in demand and set-up of offshore operations for e-businesses, like online gambling, is also a result of development of technology infrastructures in many countries. China and India are prime examples of this”. “Also”, he added, “since the e-commerce businesses like online gambling are ‘clean’ businesses (in terms of pollution etc), a number of countries like Costa Rica, Panama, Nevis, etc welcome them. The final reinforcement comes from the Double Taxation Prevention Treaty which has now been signed by a number of countries including US, UK, Canada, Slovakia and China”
Setting up offshore operations has become one of those strategic decisions that directly affect the profitability of businesses. And as Mendelson remarked too, even small businesses and start-ups stand to benefit from setting up offshore units. Businesses like online gambling are of course simply a natural fit.
With so much thrust on offshore operations, it’s just a matter of time before sustainability becomes a challenge for businesses that do not have an offshore component. With the thrust on offshore operations gaining momentum, now is the opportune time to join the ‘Offshore Party’
Established in 1999, privately-held offshoreXplorer.com serves large and small organizations throughout North America, Europe and Asia with incorporation services, establishing offshore trusts, as well as creating offshore companies aimed at protecting assets to legally reducing annual taxes.
Ron Z. Mendelson, director of offshoreXplorer.com, is an expert in offshore asset protection strategies, and specializes in wealth protection, foreign asset protection, international business corporations, worldwide investing, global banking, establishment of offshore online gaming operations, and international e-commerce.