Friday, 1 March 2013

Tips for Selecting an Offshore Law Firm by Alice Shown

In case you are planning to create an offshore company or to move all your liquid assets to a foreign country, you will need to opt for an offshore law firms. These offshore law firms are actually a great boon for the owners of international business companies that enable them to resolve all their legal and financial issues in a different jurisdiction. They can even help you to purchase properties in different foreign countries as well as provide legal advice about your taxation status, credit history and other legal issues.
The services offered by the offshore law firms:
The offshore law firms also provide international consulting. The legal advisors of such companies help you to set up commercial enterprises in multiple international jurisdictions. Apart from helping you to establish your international business company, these types of law firms also provide services for opening bank accounts and banking licenses. They can even help you to obtain yacht registration as well as to get licenses for gambling.
Moreover, these types of law firms have expertise to create unique legal solutions in order to meet your specific needs. They are also very strict about the privacy of legal information and maintain all your confidential records on your behalf.
Some of the offshore law firms also provide advice on immigration and naturalization and help you in the processing of residential visas applications. They also help you to prepare your work permit applications.
What you should expect from your offshore law firm:
Almost all the offshore law firms have a group of professional who have expertise in dealing the dynamic environment of offshore business, especially with its rules, regulations and loopholes. They also have a firm knowledge and understanding about the subtle differences of such laws and rules that vary from country to country.
Thereby, while selecting an offshore law firm, make sure that lawyers of the firm have a good experience and knowledge about the financial laws and other related legal issues in all the jurisdictions where your commercial enterprises are functioning. Moreover, your offshore law firm needs to very conscious so as to avoid any legal proceedings. You also need to maintain a close and regular contact with your offshore law firm.
On the concluding note:
It is always better to opt for such offshore law firms that have a number of branch offices in the various international jurisdictions. Opting for a law firm that has expertise in the major disciplines such as international strategy and operations, finance and marketing is always an added advantage.

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