{"id":16303,"date":"2018-10-10T13:13:49","date_gmt":"2018-10-10T10:13:49","guid":{"rendered":"https:\/\/www.ibtdi.com\/?p=16303"},"modified":"2018-10-10T08:55:01","modified_gmt":"2018-10-10T05:55:01","slug":"building-a-successful-offshore-company","status":"publish","type":"post","link":"https:\/\/www.ibtdi.com\/en\/building-a-successful-offshore-company\/","title":{"rendered":"Three Keys to Building a Successful Offshore Company"},"content":{"rendered":"

\"Cute<\/p>\n

 <\/p>\n

Egyptian entrepreneurs find themselves driven to register a company abroad because of bureaucracy, inflexible laws, and regulations that fail to accommodate companies\u2019 circumstances. <\/span><\/p>\n

and the investor\u2019s liabilities compared with those of the business owner, relative to other countries that offer better advantages for company registration. Registering a company abroad, or what is known as <\/span><\/p>\n

offshoring, means either moving part of your business to another country or limiting the process to registration matters alone.<\/span><\/p>\n

Sherif Hefni, co-founder and partner at the law firm Livary and a member of British legal organizations, shared three key tips for anyone considering setting up <\/span><\/p>\n

a company abroad, drawing on his background and expertise in commercial and corporate law, foreign investment, and financial transactions conducted through companies. <\/span><\/p>\n

registered abroad, at the latest \u201cRiseUp\u201d conference\u2026<\/span><\/p>\n

.<\/p>\n

1- Choose the country that\u2019s right for you<\/strong><\/span><\/h2>\n

There are many countries to choose from. The most popular include the British Islands, Mauritius, the Cayman Islands, the U.S. state of Delaware, Gibraltar, Ras Al Khaimah, and Amsterdam. <\/span><\/p>\n

And Luxembourg. Choose a country that you can use to grow your market. If you don\u2019t need a bank account, this will give you many options. Set a reasonable budget, and don\u2019t undervalue<\/span><\/p>\n

Choose what works for you. If the choice is up to the investor, they should be prepared to pay for it. Finally, choosing a country with an Egyptian embassy can reduce your costs and save you time.<\/span><\/p>\n

There are four factors to consider:<\/span><\/p>\n

.<\/p>\n

A- The scope of your business operations<\/strong><\/span><\/p>\n

Is it the European Union, the United States, the Middle East, Africa, or Asia?<\/span><\/p>\n

.<\/p>\n

B- The desired market growth<\/strong><\/span><\/p>\n

Where are you headed from the regions mentioned above?<\/span><\/p>\n

.<\/p>\n

C- The required specialization<\/strong><\/span><\/p>\n

Consider each country\u2019s area of specialization. For example, Luxembourg is known for its financial services sector.<\/span><\/p>\n

.<\/p>\n

D- Investor preferences<\/strong><\/span><\/p>\n

Whether it\u2019s American, European, or Middle Eastern<\/span><\/p>\n

The four best-known countries in this area are:<\/span><\/p>\n

.<\/p>\n

British Isles<\/strong><\/span><\/span><\/p>\n

Its advantages include low costs, flexibility, low administrative expenses, no need for accounts, and no taxes. Its disadvantages include the need to open a bank account and time-zone differences, <\/span><\/p>\n

and the absence of an Egyptian embassy.<\/span><\/p>\n

.<\/p>\n

\u0645\u0648\u0631\u064a\u0634\u064a\u0648\u0633<\/strong><\/span><\/span><\/p>\n

Its advantages include the presence of an Egyptian embassy, flexibility, low administrative costs, few accounts, and no taxes. Its disadvantages may include high costs and policy requirements.<\/span><\/p>\n

Know Your Customer (KYC) and account requirements.<\/span><\/p>\n

.<\/p>\n

\u062f\u064a\u0644\u0627\u0648\u064a\u0631<\/strong><\/span><\/span><\/p>\n

Its advantages include the presence of an Egyptian embassy, low cost, flexibility, low administrative costs, some accounts, and access to the market. Its disadvantages may include high costs. <\/span><\/p>\n

Depending on the structure, it is subject to U.S. taxes and requires a bank account.<\/span><\/p>\n

.<\/p>\n

\u062c\u0628\u0644 \u0637\u0627\u0631\u0642<\/strong><\/span><\/span><\/p>\n

Its advantages include access to the market and no taxes. Its disadvantages include the need for a bank account, high costs, account requirements, and the absence of an Egyptian embassy.<\/span><\/p>\n

.<\/p>\n

2- Choose the law firm that will represent you during the registration process.<\/strong><\/span><\/h2>\n

Choose a good company and build a strong relationship with it, while remaining in control of that relationship. You can change companies if needed.<\/span><\/p>\n

.<\/p>\n

3- Keep track of the company\u2019s paperwork and accounts at all times.<\/strong><\/span><\/h2>\n

Pay your bills on time to avoid penalties. Organize your paperwork and keep copies of every document, and don\u2019t forget to make the most of your company.<\/span><\/p>","protected":false},"excerpt":{"rendered":"

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