Why set up a company in a tax haven?
If you ask someone what an offshore company is, they’ll often reply that it’s a company set up in a tax haven (so far, so good), but also that only traffickers, terrorists, and the mafia use them, and that they’re obviously immoral and illegal. Even the most well-informed people will tell you that it’s an expensive and complicated kind of company that isn’t worth the effort.
(I assume something similar happens when you ask about investing on the stock exchange.)
As you can guess, none of these statements are true, however widespread they may be. It’s no surprise; neither the State nor the media will go to great lengths to demystify the system.
The truth is that neither the State, nor the people who use it to make profits and live off others, have any right over your money or your property. In fact, however much they try, they can’t even prevent you from quitting the system, because you always have offshore companies at your disposal.
In today’s article, you can read about what an offshore company is and why creating one may be worthwhile. We’ll talk about the reality of tax havens and why taking advantage of them isn’t illegal, immoral, or even that complicated.
Note: tax haven and offshore are used as synonyms; onshore is the opposite of offshore.