“Companies Abroad” and “Offshores” are absolutely the same thing. By definition, “offshores” are companies established in a jurisdiction (location) different from where their partners or shareholders reside – from the English “off shore”, beyond the coast (originally referring to the coasts of Great Britain). For example, for Americans, their companies in the Cayman Islands or Belize are offshores, while for Brazilians, their companies in the USA, Europe, the Caribbean, or even Uruguay, are equally considered offshores. Recently, however, the term has more usually been restricted to jurisdictions with (recognized) favorable taxation, such as, among others, many Caribbean countries (Bahamas, Cayman Islands, Belize, BVI, Nevis, etc.), Oceania (Cook Islands, Marshall Islands, Tuvalu, etc.) or Africa (Mauritius and Seychelles).

The model developed by Startaway, specifically, is a set of (two or more) companies interconnected by a pre-defined tax strategy. For example, an asset holding company and an IP holding company (with R&D benefits, based in Ireland) associated with a service company (with marketing benefits, based in the USA).

Therefore, ATTENTION, in its model, Startaway registers and advises TWO OR MORE companies abroad (with all basic costs included) and also a tax strategy with unified management systems. Be careful when comparing: it is impossible to offer what Startaway offers for even similar values!

Despite the usual lack of knowledge on the subject, in most of the world, there is no illegality in maintaining a company outside the country – just as there are no restrictions (for tax residents of Europe and Latin America) in maintaining any asset (real estate, vehicles, or vessels) or right (shares, bonds, etc.) abroad.

In most countries, however, according to what is called “CFC Rules”, the owner or partner of an offshore company must, by legal obligation, declare its existence, its accounts, and income to the local tax authorities.

In Brazil, for example, as of 2023, tax residents must declare their companies (in cases where their participation exceeds what is required by Law 14.754) on their Annual Income Tax Return and also submit the Brazilian Capital Abroad Declaration (CBE) if the assets exceed US$ 1,000,000.00.

Talk to us or directly with your accountant about the best tax strategy within your country.

Typically, USA, Ireland, Hong Kong, and England present legislation, tax systems, and business environments that are sufficiently stable and reliable to serve the strategies modeled by Startaway. Depending on client demand, their companies may be established in two or more of these jurisdictions.

For example, many American and Caribbean states do not require taxes from companies that receive revenues from other jurisdictions (territorial regimes). Additionally, American and English courts are much more friendly to entrepreneurs.

From a financial standpoint, simply analyze whether the savings produced on the tax burden would justify the maintenance costs of your companies abroad (starting from US$250 per month). Ideally, we would recommend a turnover exceeding US$360,000 (annually). However, using Brazil as an example, a turnover slightly above R$360,000 annually (approximately US$5,000 per month) would already justify opening a Startaway Multinational, since the maintenance costs would correspond, in this specific case, to 6% of the turnover – from this level onwards, the advantages are always greater (the higher the turnover, the greater the savings).

Add to this the streamlining of bureaucracy (you can provide services and charge your clients worldwide without the need for accounting complexities), dollar currency reserves, the prestige of maintaining companies in the USA and England, and financial freedom!

You don’t need to speak English or visit the country where your companies will be based!

To start your registration process, simply sign up on the Startaway app (with your passport and proof of residence), completely fill out our form (including a selfie to verify your identity), and pay the required fees. That’s it! The Startaway monthly fee includes everything you need to operate your multinational!

Startaway accepts PayPal, Stripe, localized payment systems (SEPA in Europe, FPS in England, PIX and Boleto in Brazil), international transfers (Swift), cryptocurrencies (USDC) from anywhere in the world, and, preferably, ACH in the USA.

Typically, your first documents (of your operational company) are issued within 48 hours, and over the next 20 to 50 business days (remember: we are dealing with up to FOUR companies!) the remaining documentation will be available. Occasionally, however, this timeframe may be further extended, as we cannot interfere with the deadlines of government and tax authorities in the jurisdictions served. Also, be aware that the actual process of establishing tax registration, financial accounts, and billing and receiving systems can be reasonably lengthy – therefore, prepare for this period (by maintaining your operations active in the conventional model).

Besides speaking your language? We have four reasons that definitely make Startaway the best option for its (almost) clients:

1. Exclusive Multinational Solutions: we specialize in creating cohesive tax strategies for complex structures, including holdings, operating companies, IP boxes, and funds – a level of expertise unmatched by our competitors;
2. Superior Service, Competitive Value: we offer comprehensive packages designed to provide exceptional service and quality at a competitive price point;
3. Proven Professional Expertise: our team of experienced business administrators, accountants, and tax professionals brings over 20 years of combined experience to your project!
4. Startaway AI agents: our AI agents optimize costs, efficiency, communication, and privacy, allowing for rapid responses, streamlined processes and anonimity. But, of course, our team is always available for direct, personalized consultations when needed – most of the times, also in your language!