It’s a great idea to structure your business overseas, especially one that’s online-based. If you incorporate your foreign business properly, it provides a legal way to defer tax payments (similarly to an IRA), as well as enabling much reduced liability.
An online business has no limits as to how and where it can do business, so why should you let your business be limited by a jurisdiction that is based on the old, geographically limited model? Starting an offshore online business is a great way to build streams of income outside of your home country.
Why would you want to have income streams outside of your country? Well, when inflation runs rampant in a country, having an income stream overseas in a stronger currency can potentially be a lifesaver.
If hyperinflation would find its way to your country, which is a real risk with central banks all around the world printing new money 24/7, earning only a small part of your income in a different country is invaluable.
An internet business based overseas, coupled with an offshore bank account, is the perfect medium through which you can do this.
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