Five Good Things about Offshore Forex Companies

Five Good Things about Offshore Forex Companies

In the modern internationalized world doing business offshore is becoming more and more common. Setting up offshore businesses to service the needs of other offshore individuals and businesses is becoming increasingly profitable. One of the potentially very profitable offshore possibilities is running an offshore Forex exchange operation. Here are five basic good things about owning and operating an offshore Forex business.

1) Individuals and corporations go offshore to protect assets and maintain privacy. They bring their wealth with them and, typically, would prefer to maintain their "offshore advantages" by doing business with other offshore entities. This fact gives the offshore Forex broker an advantage compared to the vast majority of Forex brokers worldwide in access to profits from offshore trading funds. Reliable estimates say that well over $10 Trillion is held in banks offshore by very wealthy individuals. Add everyone else with offshore assets and add non-bank assets and the number just gets bigger. Annual global Forex trading runs into the trillions of dollars. Access to even a very small percentage of a very small amount of this money could be very rewarding.

2) Companies outsource work because many offshore jurisdictions are cheaper to work in and buy from. By moving offshore the individual or corporation will have moved to where overhead is less expensive, living in the salad bowl, so to speak. Living and working in a world of advantageous labor laws and wage scales can give the individual or corporation more profits and, in all likelihood, fewer ulcers.

3) Running a Forex brokerage offshore instead of just trading can offer the industrious individual a steady income of fees and commissions. While many traders will be looking to cash in on a big move in a given currency pair the owner of the brokerage will be earning profits every day. Anyone who trades routinely, especially Forex, knows that in attempting to scalp profits during a market swing that the cost of commissions rises along with the profits on even the most successful trading day. For the owner of an offshore Forex business this is the sound of the cash register ringing.

4) Many move their businesses and themselves offshore because of the asset protection afforded in various jurisdictions. Setting up an offshore Forex company typically involves integrating the company with various other offshore solutions such as International Business Corporations, International Foundations, and International Trusts. The asset protection of these other vehicles carries over into doing business and keeping monies earned away from the eyes of those busybodies who do not need to know.

5) Last but surely not least, personal privacy is a good thing. A properly set up offshore solution can greatly enhance personal privacy as well as asset protection in doing business and living offshore. Many leave the land of their birth in order to enjoy the fruits of their labors away from prying eyes. By doing a good job setting up the offshore vehicles involved in an offshore Forex business the individual can greatly enhance personal privacy as well as security. This may be the best part of setting up a successful offshore Forex company.

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