Author: Wain Roy | Posted: 30-08-2007
Imagine being open to a wider market with more products to sell without having to pay sky-rocketing taxes! Isn’t it too good to believe? But that’s how it is with offshore eCommerce—it’s just magic. You get to sell more, find more and grow more if you’re planning to have an offshore business. This has its thrilling advantages, which explains why it is so popular in today’s world.
With offshore eCommerce, you can sell as many products as may be is available in the world. In fact, sometimes you will be able to sell more products from offshore than what you do from within the bounds of the strict legalities of your country. The sale of life-saving drugs (LSDs), for instance, is banned in the US but you are legally free to buy them from an online marketer and have it delivered in the US.
There are many such products which find its access closed in one country but can be procured via an offshore business. Handicrafts, regional tokens, certain food items, and clothing fall under this list of products which can be resold online and with profit. The Latin Americans, in particular, make the most of it by selling local products. The Asians closely follow suit in this practice. Africans use their native handicrafts in the international businesses. And there are more people’s groups involved in extracting the benefits of offshore eCommerce everyday.
Every country you visit, you can keep an eye on unique products, which you can sell online or make a part of your offshore company and earn money against it. Being in a Free Trade Zone, you get to sell products tax free, thus reaping higher margins on profit. You can buy products from anywhere in the world and have them sold offshore online to the rest of the planet. This means that you do not have to pay tax to the US government for products sold online from US.
Offshore eCommerce has umpteen benefits in its folds. If you are selling products which are manufactured in a nation different from yours, you can still have it shipped and carry on all the operations from offshore, or through your offshore website. You money gets accumulated into your offshore banking account. You can keep your profit, pay back the manufacturer and handle every single step of the sale comfortably online. And all these, without having to pay any taxes!
There are endless possibilities in offshore businesses. You get to sell more, earn more and prosper more even when you are only virtually operational. That’s the biggest advantage. However, before setting up a company or an offshore residence or heading straight for tax-free profits, ensure you are free from all legal restrictions of your country.
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