As tax time approaches this year for our business, I have been really wondering if we have the best company organization in place. The problem that I can see is that most of our company is taxed at a higher rate than other places in the world.
So, we have been looking into Belize company formation to help reduce our taxes. If we did have an offshore corporation, we would be able to minimize our taxes and maximize our profits.
We learned that we could even us a mail forwarding service, and we would never have to step foot in Belize. Sure, there would be some fees that we need to pay, but it would be more than offset by the tax savings.
We will have to get together with our accountant and lawyer to see if an offshore company would be the best thing for us to do. I am sure that there must be other options, and maybe they will be able to let us know about them.