Forex Trading Business
A forex trading business, has emerged as a very popular trading activity. Not surprising, taking into consideration its high liquidity, easy accessibility, 24/7 schedule and the ease and convenience of using a smartphone or laptop for forex trading activities, especially for people with a financial background. And for most traders, setting up an offshore company, is the most logical step for their forex trading activities.
An offshore company for your Forex Trading Activities
There are plenty of excellent reasons why as Forex trader, you should consider setting up an offshore company via which to run your trading career.
Keep things private
As a trader who’s investing in the Forex market, you might not want individuals or organizations learning about your trading activities. Setting up an offshore company in a jurisdiction that works for you and protects you from wandering eyes might be the right choice. By doing so, you ensure that your activities will be kept private.
Tax benefits galore
Offshore companies often benefit from ample tax benefits depending on their jurisdiction of choice. Individuals, on the other hand, might have to cough up a hefty percentage of their income in taxes. Hence, it makes perfect sense to transfer these trading activities to an offshore company based out of a favorable tax jurisdiction to maximize your earnings and pay as little tax as legally possible.
Boost your brand name
It’s a lot more impressive presenting yourself as a successful trader as part of a company rather than just using the name your parents gave you. Having a company behind your work as a Forex trader will give you plenty of additional clout, respect, and authority. Plus, it shows the world you have transitioned into the big leagues as a corporate trader.
Keep things separate
Why blend your private and trading lives when you can keep both apart? Avoid any troubles, challenges, or unnecessary risks by setting up an offshore company and running all of your trading activities via such a structure. You will have peace of mind that your personal and private assets will remain protected and largely untouched by your life as a trader.
Enjoy greater flexibility
Setting up an offshore company will boost your trades by offering you greater flexibility and versatility. By creating one, you will be able to engage in these activities without worrying about your local jurisdiction’s limitations when it comes to Forex trading. Everything can be done from the comfort of your home, office or favorite beach using the digital device of your choice.
Photo by Brian Ngali
Here’s where we can help
Meridian Trust is up to the task of helping you set up your offshore company to take your forex trading career to the next level.
Here’s exactly what we can offer to power your needs:
- Set up your offshore company in the jurisdiction of your choice. Some of the jurisdictions we work in include Cyprus, Hong Kong, Marshall Islands, Seychelles, Belize, and the British Virgin Islands.
- Assist with the opening and setting up of your international bank account.
- Provide additional advisory assistance as it relates to your offshore company’s formation, legal status, and day-to-day management.
- Help keep your offshore company up to date with its statutory, accounting and tax obligations, so that it always remains fully operational and in excellent legal standing.
Let's talk! Fill in the form below and schedule your 30 minute free consultation with one of our corporate lawyers, to discuss any questions about setting up an offshore company for your Forex trading.