Going Offshore

[Naomi18]

Offshore investment is the new way of getting high returns over the invested amount. What is this offshore investment? Offshore, literally, means outside the area of residence of a person. When an investor invests offshore, it means he or she is investing his funds in a place which is outside his or her country of residence. This area is generally known as a jurisdiction. The jurisdiction is selected based on the tax concessions provided, the political situation and the legal framework. Investing in offshore locations can help the investor gain by saving on taxes, thereby adding to their returns. The popularity of banking offshore services has grown in recent years.

Among the upcoming sectors is the energy sector, which gives the investors the option of offshore investment. Offshore investment involves opening of trust, trading, or investing account which help the investors through freedom from excessive tax implications and invasive financial restrictions. Offshore investment can act as a great tool for materializing all energy initiatives of the investors. The need for offshore investing is most today as the companies expand their branches and locations to other countries, beyond their geographical area in order to operate an offshore corporation with all its facilities and activities.

Energy sector is growing in demand owing to the profound need for other energy sources. With the fossil energy becoming expensive and less in supply, the world is seeking other sources of energy like the clean energy or the renewable energy. As such renewable energy sector is finding some never before rise in investment inflow. The ROI in the energy sector is already high at 650% and more.

[inthedark]

This is very true. I know of a lot of US-based companies that have outsourced certain business functions offshore, like customer service. Yes, they would initially spend lots of money on recruitment, training, setting up new infrastructure or facilities, and other foreign business fees, but in the long run, these companies get to save on labor costs, because obviously, workers from outside the US are a whole lot cheaper than workers in the US -- even if the qualifications are basically similar.