If an easier merchant account approval is not a good enough reason to take your U.S. business offshore, then maybe this blog post will help convince you. Sure, Instabill specializes in offshore merchant accounts and international credit card processing, but there is real value in offshore incorporations.
A few months ago, Instabill CEO Jason Field found a great article on FlagTheory.com called The Real Story about Americans Going Offshore. This article talks about the many advantages of offshore merchant accounts—aside from tax exemptions and accepting payments in multiple currencies. Below is a quick overview of the article to help you decide whether you want to keep your business in the U.S. or take it offshore.
Offshore Assets Harder to Find
The most usual way to locate assets in a foreign country is during the discovery phase of a lawsuit. The lawyer will be able to see that your assets are in a different jurisdiction by examining your tax returns. However, once a lawyer sees that you operate your business offshore, he or she will unlikely take the defendant’s case.
U.S. Lawyers Prefer U.S. Courtrooms
Let us say that you registered your business in Panama. If a lawyer proceeds with a lawsuit against you, he or she would have to travel to Panama and conduct the case in Spanish while following Panamanian laws. It is a common fact that people are much less likely to sue a business owner when he or she operates a business in a foreign country. U.S. lawyers typically prefer U.S. courtrooms and trials in English.
Protect Your Assets with Offshore Merchant Accounts
As you can see, there are many advantages in getting a merchant account through an offshore acquiring bank. We have partners located in multiple jurisdictions that can help you protect your assets as well as provide tax breaks, generous volume caps, and a wide range of card acceptance options. Instabill can help you incorporate your business in the following locations.
- Isle of Man
- Hong Kong
- Costa Rica
- St. Kitts
Contact an Instabill merchant account manager today to see what offshore merchant account opportunities we have in store for you. Call 1-800-318-2713 or send us a message using our Live Chat system. We look forward to helping you take your U.S. business offshore.