Offshore Web Hosting

Just moving your website hosting 'offshore' does not legally exempt you from taxes

globe_wire.jpgIf you started your offshore web business in your home country, you can saveontax by moving your official business location and web hosting offshore.  Hosting your website by forming a company in a country such as Gibraltar can have many advantages. Old and new clients visiting your website will now be transacting business through your Gibraltar Offshore Web Company.

Your new company will own your offshore web business and minimise your personal liability and in most cases you will also be able to saveontax. A Gibraltar Corporation, if structured correctly, will not be subject to local corporation tax and its international employees not subject to income tax. The ownership of the company can be transferred free of inheritance and capital gains taxes. This is an important factor to consider, if at some time in the future you may consider selling your web business or are expecting to transfer it to your dependants.

In many cases, you will save on tax personally by continuing to manage your offshore web business from your home country. This is usually effected by setting up a contractual agreement with your Offshore Web Company. Keylink Consultancy LLC are fully insured to provide local Director, shareholder and Secretarial services which will enable you as the owner of the company, anonymity where your personal details will not appear on any official public record. This is not tax evasion, as celebrities, international corporations and business people all have legitimate reasons for remaining anonymous. Security and inheritance tax planning are common reasons.

Only employees who actually work in Gibraltar are liable to pay income tax. Directors,Managers or employees of your offshore company, who's work is located outside of Gibraltar, do not have to pay any taxes in Gibraltar. However if income tax is high in your home country, it may be beneficial to pay tax here. Please Contact Us for further advice.

Many international corporations use Gibraltar for web hosting and Keylink Consultancy LLC can take care of all your web hosting needs. Just relocating your web hosting to an offshore web hosting provider is not legally sufficient for your business to qualify as 'being offshore' and legislation in most countries will still determine that you are liable to pay tax in your country of domicile.

Gibraltar is one of the few offshore Jurisdictions which has implemented special legislation to attract on-line businesses. With excellent web hosting communications, companies such as Party Poker are hosting their world wide web operations from Gibraltar.

 

Fact case: Australian website entrepreneur

We were approached by an Australian resident who had set up a property website way back in 1999 which now ranked number one in Google for property searches. The property website was owned by himself personally, and he received €250,000 in Google Ad word income per annum. Technically the Australian was liable to pay income tax on 100% on this income. After incorporating a Gibraltar company with Keylink Consultancy LLC, we reduced his Australian tax liability by 80%. The tax savings enabled him to purchase other websites and grow his business threefold.

Gibraltar is one of the best regulated, low cost offshore centres where Keylink Consultancy LLC can offer a local corporation at a very competitive price.

For more information Contact Us now.