Why would an entrepreneur register his business outside his country of origin?

Niyi Briggs · Jul 6, 2023

It is imperative that every structured business organization should be registered with the government. But the common trend among business people is where a business is not registered in the country that the founder of the business is from.

I know of so many Nigerian businessses that are registered in Rwanda and other countries. For instance also, FTX is registered in Antigua and Barbuda and headquartered in the Bahamas. Binance is not regulated in China where the owner is from.

What could be responsible for this trend.

eldavis · Jul 6, 2023

I do not really know much about this aspect, so I can't really say much, but i believe some companies do this simply because they want to get the benefits attached to companies registered in these countries.

Niyi Briggs · Jul 6, 2023

The major thing that is considered to make decisions like this is the ease of operating from such countries. Factors like taxation are greatly taken into consideration when making decisions like this.

Etini Willie · Jul 6, 2023

Some countries offer flexible and easy environment to register your business, and that is why those entrepreneurs register their businesses there. Some give good incentives to encourage localization of businesses in their country.

Springtime · Jul 7, 2023

We also have many businesses which register outside Hong Kong. One of the main reasons is for taxation planning. Other reasons may be taking advantage of export quota of certain products.

IB D · Jul 7, 2023

Those countries that they register those businesses have some perks that are attractive to those business people. Most of the common perks are lowered taxation and favorable regulation. Others might be economic stability.

Heatman · Jul 7, 2023

The most important thing when it comes to business is making profit and there is no law that says you have to register your business in your country of origin when you have a better chance of making more profit when you register the business and operating in another location.

cherry123 · Jul 7, 2023

Some companies do this if the process of registering there is very simple and easy. And again, if they want to get the benefits attached to companies registered in those countries.

King Belieal · Jul 31, 2024

It is simply tax related. Some countries have favourable tax regimes. That is a motivation for someone to register his or her business in that country.

nomad · Aug 1, 2024

Maybe he is seeking to expand his business or possibly he wants to go international by registering in foreign country

Why would an entrepreneur register his business outside his country of origin?

Niyi Briggs

Well Known

eldavis

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Niyi Briggs

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Etini Willie

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Springtime

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IB D

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Heatman

Team Lead

cherry123

Popular

King Belieal

Notable

nomad

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