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One IBC on Why Tech Companies Should Expand their Business Overseas

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Technology is changing the world as we know it – a little bit every day. Tech companies are leading the charge to advance society through the use of technology. Technology transcends borders and makes the world a much smaller place. One IBC would remind tech companies, though, that operating businesses across multiple borders and in multiple jurisdictions is a complex process. One that offers an impressive number of unexpected benefits to tech companies who expand their business overseas wisely.

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Step One – Create an Offshore Business

Offshore businesses are incredibly useful entities for tech companies looking to expand their business offerings and their profits. Rather than dealing with tax laws in multiple jurisdictions, offshore businesses provide legal business entities that are tax-exempt in the territories where they are incorporated (provided you do not conduct business in this territory). This results in huge tax and record management savings for businesses. Additionally, offshore business creation offers the following benefits for tech companies.

  • Limit your liability, reducing the hassle, headaches, and expense of liability lawsuits.
  • Makes it easier to conduct foreign business deals.
  • Provides anonymity for your business operations.
  • Shields business assets.
  • Simplifies paperwork.

 

While it is only the first step, it is an important one. One you can’t afford to get wrong. One IBC can help you with all aspects of creating an offshore business for your tech company, from helping you choose a suitable location, to assisting you with a business license, and more.

Step Two – Figure Out How to Get Paid

Monetization is critical. It’s why you’re in business, after all. If you can’t get paid, there’s no point in expanding your business overseas. Unfortunately, there are quite a few payment processing services that are reluctant to engage with international companies. Fortunately, One IBC can help with that as well.

One IBC is a global corporate services company that can help you open offshore bank accounts when needed and where needed. They can also help you set up your merchant account online to maintain appropriate PCI compliance and accept payments in multiple currencies – especially useful as your business expands more and more over time.

Step Three – Plan and Optimize Your Overseas Business

While the idea of operating with fewer restrictions is attractive, and you already have the foundation for starting and operating a successful tech company, One IBC can help you optimize your business while maximizing your tax savings, managing corporate restructuring for your business as you expand your operations, and introducing you to the appropriate offshore experts to help you enjoy greater political and economic stability when starting your offshore business.

Contact One IBC today to learn more about why your tech company needs to expand overseas and the many ways they can help.

 

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