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@Nomad Capitalist

Offshore Tax Strategies for Start-up Businesses


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.

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