Should you go offshore with your pre-revenue business?
Pre-revenue businesses are definitely a different animal, and taking them offshore can be risky unless you already have proof of concept or a revenue stream. In most cases, you are probably not paying any taxes at this point so taking it offshore might be an unnecessary investment at this stage.
On the other hand, If your idea could potentially be worth tens of millions of dollars in the future, then setting up an offshore company at the very beginning might be the best option for you.
It all comes down to self-awareness and being practical, but also looking at things actuarially and determining the real potential of your business model rather than speculating and hoping for the best.
https://www.nomadcapitalist.com/offshore-company/
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a more than 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
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DISCLAIMER: The information in this podcast should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.