With the growing concept of online business and the demand to get the goods or services right at the door has set a strong footprint in people's minds. E-commerce giants like Amazon and Flipkart have unlocked the potential wherein an individual can find right from books, household things to their favorite attire. Gradually, the concept of online booking and doorstep delivery has been accepted by different business industries.
The e-commerce business has now expanded its wings, and due to high-demand, has also entered the offshore business domain. Tax-haven countries like Belize has understood the potential that the e-commerce industry holds to uplift an economy. This is excellent news for the business investors who are planning to start their offshore business in Belize, a profitable move. This guide highlights the essentials that need to be dealt with while proceeding ahead.
The blend of offshore and online business turns out to be a smart move as it helps in maximum tax avoidance. Belize has been standing strong among the popular offshore jurisdictions and has been a favourable ground that was early in passing the regulation and regulating activities like internet gambling.
The government has also been taking the necessary steps to create a flexible environment to grab the attention of the worldwide ICT companies. By locating websites in any offshore ground, the business entities can carry out the relevant processes at a minimal or free tax-rate. Belize is an ideal location to proceed with an online business to carry out the operations internationally.
Proceeding with the offshore online business involves multiple steps that need to be taken accordingly to fetch the relevant results at ease.
It is easy to understand that one needs to comply with the legal proceedings for offshore company incorporation. As a foreigner, you may not be aware of the legal grounds that need to be followed. So, it is advised to proceed ahead with the guidance of a certified and registered offshore business consultant who holds experience in the offshore business setup process.
To know more, read our guide on how can business consultants help you to start an offshore company in Belize.
The next move is to understand the legal practices performed in the jurisdiction that needs to be focused when it comes to offshore company incorporation. Belize holds flexible laws when it comes to the offshore company setup process. Having an idea about offshore company set up in Belize helps you to carry out the business process at ease.
After understanding the business setup grounds of the dedicated offshore business location, you need to have a clear idea about the business entity set up process. In general, an International Business Company (IBC) is widely preferred by the investors to carry out the offshore business tasks. Here's a guide on Belize Offshore IBC Guide that will help you to understand the process at ease.
Since you will be dealing with an e-commerce company that requires core internet services, it is mandatory to proceed with the offshore web-hosting service. At a generic level, there are six types of hosting, namely:
It is recommended to understand your business activities accordingly, and then proceed ahead with the web-hosting service after having a discussion with your business expert.
Last but not least, you need to set up an online merchant account to deal with the offshore business payment proceedings. This step is mandatory when it comes to offshore e-commerce business setup and can't be avoided. Setting up a merchant account helps your target customers to make relevant payments through Visa, Mastercard, etc.
In the process, you also need to make sure that your offshore business also is tied up with an offshore bank account to carry out the business transactions. Investors have the flexibility to open an offshore bank account in the same jurisdiction where the company has been established, or can even open an account in another offshore location. For example, Belize offshore business incorporation with Mauritius offshore bank account is an ideal combination that most business investors seek.
By the end, you have got an idea regarding the process that needs to be followed to set up an offshore e-commerce company in Belize. Incorporating one can help you deal with numerous benefits that you can grab and expand your target market accordingly.
At Business Setup Worldwide, we have been dealing with the offshore company setup process for our dedicated clients across various locations. Our dedicated business advisors are well-versed with the incorporation process and can help you incorporate one in a hassle-free manner. If you are looking forward to proceeding ahead, feel free to discuss the same with our business experts. Contact us today-we'd be glad to assist!